The Superior times. [volume] (Superior, Wis.) 1870-1912, 1877-01-20
Business Hopes.

IF New York city may be taken
as an epitome of the trade of the
whole country, the holidays have
witnessed far greater activity in
business than the croakers would
have us believe. In that city the
bank clearings for the week were
$4aaA7ae&z aga;nst sa57.s31 ,74o
for the same time in 1875. The
loans show only eleven millions less
then they were this time last year,
while the deposits are about six
million greater. And it is signifi-
cant statement that the holiday
trade in the metropolis has seldom
been surpassed. 1t is clear that
the bottom has by no means fallen
out of business, despite the asser-
tions Of the grumblers.
But if we could extend the vision
and take in the countries across the
water, especially England, we should
find more cause for thankfuln9ss and
less for faultfinding. In England
the figures show that during the
year the imports exceed the ex-
ports by the enormous sum of 1885,
100000. 1t is not necessary to go
into the subject of the balance of
trade to realize that this state of
things indicates serious derange-
ment and urgent necessity for re-
organizing national industries. The
question has more concern for that
country from the fact that the ad-
verse balance has increased to its
present huge dimensions nearly one
half within the last four years. With
us on the contrary, during the last
twelve months the exports have e1-
ceeded the imports by about $780,
900, 900. An economic REVOLUTION
of this character, though bad for
England, augurs well for the indus
tries of the United States. Ameri-
can cotton goods, hardware, jewel
Il Fo
ducts are finding ready markets in
Great Britain and on the continent.
We do not allude to these things
for the purpose of glossing over the
the fact that there is still serious
business depression in our own
country - temporary, however, as
we believe, and soon to pass away.
But we would frequently remind
our suffering and unemployed citi-
zens that,i however dull times are
here, they are duller and harder IN
other countries. The truth is, as
Mr.. Wells remarked in a recent ad-
dress, an abnormal condition of
things seems to prevail almost every
where, affecting nations that have
been involved III war as well as
those that have maintained
ooo.. +I,o,o x,,b;oL bo1o - I'LL -
currency, based on gold, and those
which have an unstable currency,
based on promises that are not
kept; those which live under sys-
tenn Of free exchange of commodi-
ties with all the world, and those
where exchanges are more or less
restricted; those which in respect
to natural resources are poor in
common with those whose elements
of material abundance are most con-
spicuous.
But whatever may be the turn of
affairs elsewhere, it follows as the
day the night or the night the day,
that brighter times are in store for
US in the immediate uture,-just as
soon as present political questions
are settled by the Inauguration of
the rightfully elected President.
With SO young and vigorous a ma
tion, with a continent vet unsub-
dued, awaiting only the advance of
an industrial army to surrender the
richest trophies, young America and
middle-aged America will put their
shoulders to the wheels and urge
them forward as never before in
time of peace. There is land fo,
the landless. There are homes for
the homeless and there will soon be
work for the unemployed. The
American people have passed and