The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1876-01-03
ISSO--Business.

ES1 O~-
At the beginning OF this great Cen
tennial year men naturally turn theil
thoughts toward business probabilities
The country has been wading through
troublous times as to its business affairs
and the common inquiry is, "Have We
not almost reached the solid shore?,
We sincerely believe that the country
has already passed the worst OF Its bad
times. The disastrous shock OF 1873 has
spent its force, and the business OF the
country is rapidly assuming its sound
and normal conditions of stability. This
belief we have not adopted from merely
general considerations, where the wish
fs apt to be the father to the thought
but from careful analysis Of data lead
ing to such conclusion.
In the first place, it is seen that a re-
Eival OF activity in real estate transac.
tions in New York, and other CONNER.
cial centFrs, is gradually manifesting
itself. This implies withdrawal oi
money from its places of boarding
There is likewise growing call for long
railroad bonds in dividend paying COM
panies; whereas, one year ago, no rail-
road securities would have been
touched. This also implies an unlock.
ing OF boarded and idle money.
Moreover, there is lar more hopeful
feeling among business men as TO the
business of the year upon which we have
just entered than there was at the be-
ginning of the year just passed. There
is no longer any CONSERVATION or dismay
at the prospects before US. Croakers
find their occupation gone. The severe
trials that our business men have en-
countered and overcome give them both
courage and hope for meeting what
ever difficulties that may yet have
to come. They have trimmed shin
to meet the new currents. They have
taken in sail as to outside specula-
lions, and have cut away the DRIFT OF
cumbrous expenses. They now know
that in almost every line of trade the
limit OF shrinkage in values has been
reached, and 'hard-pan" has been found.
This of itself lends certainty and sta.
Dility to the business Of the year now
before us.
People have been looking into their
business affairs with severity of scru-
tiny never before exercised. 1t has been
o process of rigid self-examination and
cross such as men in the
hurly-burly OF flush times seldom pause
long enough to give to themselves. The
result is that when all, even the worst
is known, there is nothing feared; and
this confidence begets renewed activity
in business, which is itself the first step
towards the revival of business. This
rigid seii-exam1nation has likewise been
instrumental in pointing out to business
men both the necessity and the means of
praticing greater economy In their busi-
ness expenses.
d Moreover, upon critical examination
Of business matters in general, it has
been found that the business of the year
Just closed was not, under all the de-
preston of feeling in,the business COM
munity, after all bad business year.
From the business statistics of our own
city 1t appears that the amount collected
the last year as Internal Revenue in the
county, exceeds the amount of the for
mer year by the considerable sum of
yl,1I2,397. This conclusiyely indicates
an increase in the manufacture of the
various articles subject to this revenue
tax. The net earnings of our, p Office,
also, as greatly depending upon the ex-
tent OF neutrality-suspicious., show
an increase of about $4,000 for the last
year over the former year.
\ Furthermore, it is fact that less ex-
tensions of credit were asked for by
ibusiaess men during 1875 than usual
under any circumstances ofthe' business
of the country. The valuable Report Of
The Chamber Of Commerce recently rs.
sued, speaking of this says,--~The year
f1875) was distinguished by a compare.
tfyely few, failures, while paper was
paid with a-promptness which has never
~