The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1876-09-02
Tha nnMn ot Bnsincss.

lsphngaOld Republican,
The aspects OF business are encourage
ing Just to the extent to which enterprise
conforms TO the new order OF things.
Whenever capital has contracted It's in
Gated valuation, and is content with u
moderate return, where wages, rents, the
cost Of raw material, and all the factors
in production are in harmony with the
reduced basis, there production promises
TO 20 on at remuneration. Hence We
begin to hear Of mills and manufactures
starting up, or resuming, or increasing
production, II already in operation. The
market for a vast variety OF goods is
bare. We hear OF man who wanted a
dozen shovels, the other day, and had to
wait until they were. manufactured. In
furniture, in some classes OF dry goods,
and some iron wares, consumption seems
tohaye quite overtaken production, and
new business now springs up in obedience
to u direct demand. Those who have
saved their fortunes through the crisis,
and are able 10 take the first swell Of the
tide, will reap the greatest advantage.
The venerable Josiah Quincy in his
speech at the Faneuil hall semi-centen-
NAL seemed 10 have this strongly in mind,
and told an anecdote Of Abbott Lawrence,
who, when asked, in the depression Of
1887, what he was doing, replied: u am
projecting new mill in order that l may
be ready for the turn OF the tide.'" The
long.headed ones are already putting
their money into new enterprises where
A. tt,SH - Nbn fSdn uytll find n
There seems to be'a great deal more
anxiety 10 "touch bottom"' and to stay
there. No sooner are low prices realized,
than there ia an effort to raise them.
Now rising market is doubles very
encouraging to the mercantile class, but,
taking all kinds OF business together, we
must make up our minds to do business
for long time on the bottom itseli, and
shall find the healthiest prosperity in
that stratum. There is a large class Of
the community which hasn't got down to
it yet, and this class will continue to
atrew the year with wreckage and debris.
The exchangers are still too large class,
soulowly do people learn that they can
not live by mere swapping. Consolida.
ton and rougher methods Of extinguish.
ment are slowly contracting the middle.
class, and driving back the surplus to
more productive labors. Those who re.
main, by the law OF the survival OF the
fttest, will do a larger business at a
smaller percentage Of profit, To tho mutn-
al advantage Of themselves and tho pub
lie. But this readjustment to the status
Of 20 years ago Is slow process. CAPT.
talists, laborers, business men, landlords
and banks, all resist the change as long as
possible, fight it of and delay it. We all
xroan with the toothache, but, very
stupidity, deem il the part Of heroism to
prolong the agony by refusing to "have
Il out"
As We said in the beginning, so far as
we place ourselves back on the ante.bel.
lum basis and 60 there to stay, opr future
is promising. Our agricultural interest
already has the world for its markets our
manufacturing interest stands on the
threshold OF new epoch in which it will
command equally wide tribute. The re-
turns Of our foreign trade for the last ifs.
cal year, Just received, show that We ex'
ported, In the year ending June 80, 10
UVViVVV SAEub VI COtOu 6VSN0J "bSAt.,,''
2s,000,000' for the previous year; the
value Of these goods was s., I0OVO1u,
against S, 100000. These goods, it Is well
known, are going all over the world. The
London Nea5 in reviewing the foreign
trade Of Great Britain notes with appre-
hension reduction In the shipments Of
cotton good to China, for July, from 49,
100000 yards in 1875 to 100000 in
1875. The magnitude OF the field before
us Is illustrated by the fact that Great
Britain in 1875 exported more goods to
China in two months than weexport even
this year. in the whole twelve months to
all countries. But the same newspaper
notes a similar reduction in the English
shipments to West Indies and North and
South America. The chcapness OF
cottons in the same way cuts into
he English linen trade, and in wool.
en- worsted, and iron wares, they have
discovered that We arc supplying our
own market and contestipg with them
tho supplying Of Canada and Aus
tralia, Russia, and the world at large.
The Centennial exhibition comes at the
very moment to best advertise our new
capacity 10 manufacture and produce for
the world, and will prove no inconsider'
ate influence In getting us again on our
feet. Douglas Gallon writes to the Lon
don ISmss, from the exhibition, that "the
development which the manufactures oil
the United States have attained, and the
energy with which they work, make 1t
manifest that not only can We (the Brit
ish) no longer expect to obtain market