The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1876-12-29

/ GUS to the opetipg OF the Presidential
\ campaign business in all branches was
beginning to look up.
Then came the stagnation iIfeidental
to national excitement, but the
matter of disputed Presidency was
hardly considered, and all believed thai
| when the election was over trade would
revive and go right on increasing be-
yond the point it had reached at the
| commencement of the contest. But the
election is over without decisive re-
suit, and the uncertainty is now even
greater than it was during the campaign
/ Mills are idle, and business Improbable,
and capital unproductive, because of the
uncertainty of the political future OF the
country. This uncertainty can not be
protracted long after the 4th of March,
and indications do not point to its re-
moval before that time.
Until then the country must, as best
it can, stand this stagnation OF trade,
and business men must bear with each
other and do the best they can to give
work to their employees. There is every
reason to look for period of unprece.
dented prosperity, if the politicians will
only give the business interests q fair
chance. The home supply Of nearly all
manufactured articles is almost exhaust.
ed, our railroads are run down and need
refitting. The crops in all parts of the
country are heavy aud must be moved,
and will put money in circulation as
soon as there is business confidence
that will justify transactions with any
kind of certainty as to the future. Be.
sides, the benefits of.our Centennial Ex-
position are just beginning to be felt in
the shape Of orders from foreign coun-
tries.
American manufacturers have learned
the art of making many articles so cheap
and of such good quality that they
could, under favorable conditions, COM
pete in most of the markets of the world
with foreign rivals. Testimony bearing
on this subject is furnished by letter
from Hon. Henry 5. SANFORD, late Min
lister to Belgium, to Mr.. Thurlow
Weed, in which, among many other
evidences Of industrial prog ess, he
says that during late visit to the
Naugatuck Valley, in Connecticut, the
first three men he met in the streets had
each TO "tell tale of unexpected Or
ders from England for the products ex
hibited at the Centennial;" and that a.
ter further conference with the manu-
facturers he "came to the conclusion on
their statements that of one hundred or
one hundred and fifty different articles
OF manufacture in Naugatuck Valley,
one-third and perhaps one-half were
now in demand or salable abroad where
but two or three were twenty years
ago." But to reap the benefit of this we
must have this political excitement
over.
Capitalists must feel justified in In
vesting in steamships to improve our
carrying capacity, and the great levers
OF modern progress must be applied to
such countries as Brazil, Cuba, Mexico
and all other parts of the world that
possess the basis OF a remuneratiye
trade and promise to become liberal
consumers OF American manufactures.
We conclude, therefore, that with the
peaceful Inauguration of President on
the 4Lh of next March, the consumma-
tion OF which we have not the slightest
doubt, confidence will return, business
will revive, capital ana industry will
have their due reward, and the country
have new era OF prosperity and healthy
growth.