, 1877-04-16

tho country. for when Tint occurred there we're
there an election excitement IN tho land. Never
was tho c,untry politically more serene than
when the failure Of Jay CiM'ke exploded shs
speculative firms Of the country BY hundreds.
II ~ AnauRD,
sssoa sth poisa aa
was nbaurs1 to expect TINT tho abatement Of thu
dcntiai election would bring prosperity to Tho
blstncas interests Of tho country. A. politics
was not responsible for bringing hard times up
on us. politics can 90 nothing 70 restore nros-
Tho business revival that naa predicted
would come when tho Presltlcntias quca.ion vAs
sottlet, has not come. The money market haa
seldom boen tighter r. than 4 T. nov, o. grumblets
was duo to the speculative fever which afflicted
everybody nt TINT time; businessmen were loo !.
mucl, expanded IN their enterprises; wcre carrY.
and ordinary business Principles werc disregard.
CI; everything and everybody Was Inflated
Tie crisis cnn,c,
THE SPECULATIVE BALLOON
lapsc, spreading disaster throughout the land.
No ono escaped. Tho capitalists saw their In
re.sments dxtntle away, Their securities depre-
grasp, while lahorfnG men were curtafled 10
the!r wagcs, OF deprived Of hem entirely. Con.
t}tlciicc was utterly destInyctl:--no ono could
tcll tho financial condition OF bus M MneiRh9ora o.
WhetnGe nc. 700, Monlo no. 10 sHn on!t nnl
s"%ssl ssosn 'ph's"s wkch was. y carrying down sss
everything before y Men % aistlusteA nes nnlI
ther neiEhnort, bat themaeIse1. ano neni y al
~ nes enusG'eb 70 sIyG I ~ III hat.1 .1a nan
nround them. It Is tho work Of time to reprets
the ruin wrought during tho past tnrco yeats,
and u is folly to suppose that Z u TO be dond
spasmoulea!!y. INC ouelness lntGscsts u tne
would kyi'd them mt up must begin 1t The iouniss.
n. t.on. ny pr9eess hae DeeH Eo11g % & on lot Sone
,mc; .no aepr,s nas oeen eeatsa at ~ ne M
omaes TT nST @o'e 70 sea wli y, .ae
tho work beiorc them: @ Already they 'y hayo IN msds
M eMotne pIoR!ess. lae ncW st1uctutt. IM!a y" tne
soa,a tounaa.on o. iegtate & soffss LII es anu
nnoa1y tosm Rt H. nprk !, seIo,,s @ md eJ"Ihs ihs
process s'ows Within the past month there has
ocen
L. ~ T.lonr .I tAtaoG ~ ss t.....
tssn that of Ycar % ago. and IN % improVcment @ %
the business o. the preceding month. bus'ncs.
abandoned tho ac9 that there IL to be "6q.!
1ss1s Il tade %Gish ssn III e' es
and sure proccascsito a good fall trade The
Indications arc that Tits Wffl:bu 40, for country
dealers report slight improvement IN the gen
fe' eS os5e. s' aeeess ssssf 'st s5e5 I
mine u engaged IN manufacturing hnslne.s
which Is wholly dependent upon the retail! ttadd
| Of tho country. For three Tcars nne-half Of biz
! machinery has lain Idle, antl haif h!s men been
| out Of employment. The amount OF "bhinnIaEn
| nc mas done Wlthsn tt,ta time 10 save himtelt
| from bankruptcy aud his factory from falling
into the shertl,s bands has mnde him prema-
lunatic asylum.
:. ABOUT FOUR WEEKS AGO
hss eauyassers-who cover y the entire East snd
Wcst-bcgan sending IN their orders Tor Roods
more freely. Gradually those havu Increased,
Until Inst week my friend bad all his machinery
running ana MS tull complement Of hands At
work. asked him what particular locality WAS
scudfog in the greatest number Of orders. lld
replied that thd Increase VA not cqnaned %
chants who order bis goods nre ordering doubls
tho quantity now that they d.! a year ago, aud
ordering moro frequently. His business L.
! thermometer which marks tho condition OF tho
retail trado-Whcn sales are numerous, his
goods ore required; when they aro the taverac,
he has no market for ILLS products. Another
manufacturing friend Of mtno, whose product
In tho limo OF naber1ashcry, his
q. few weeks Tint be Obliged TO run
alao report ut' increased demand for tho refill
trade OF tho country. This Is slight, to DO surf
but, fnasmnch as 1t ehoHa oven little Improve.
ment, It Is encouraging, INT sttl the money
market continues tight Whfls tho banks ~
ovcrtoWinE with money to such an extent that
Il u actually drug - tho market, thore a. ~
r1aout Ialta 10 .tno good ttMe comitg" " aaa
| LfCIlk Is uf4us no rnQn nus AOVs NE1c0 000&J