The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1877-03-10
THE OUTLOOK.

Granting that making Hay es the Pres
ident is not of itself going to make the
country rich, it is certain that making
somebody the President in peaceful
manner will greatly contribute TO the
public prosperity. The removal OF the
disturbing element OF politics from
the business arena is great gain to the
business outlook of the country. 1t
must count, at least, as one impedl-
ment the less to overcome in the resto-
ration of our business prosperity. In.
deed, counting that out, what now re-
mains to hinder speedy and healthtul
revival of activity in business affairs? ?
1t would be difficult for the most bilious
of croakers to discover any cloud OF
darkness lowering over our immediate
future.
Some months ago, when it was seen
that the ratio between our exports ana
imports had placed the former in excess
to the extent of about one hundred
millions per annum, we took occasion in
the columns of the STAR to predict re-
turn Of gold from Europe to this country
TO fill that balance in our favor, and
chat consequently our greenback cur
rency would approximate more and
more nearly to coin, until resumption, to
all practical intents and purposes, would
come about gradually and spontaneous
ly. We have not been disappointed in
these expectations. Our balance sheet
of foreign trade has been steadily Kept
in our favor. Our currency has grad
uallv lessened the margin between itself
and gold, until the difference is now
marked by only fraction over four per
cent. And this, too, i'll the face Of the
critical condition of our political az
fairs. We, consequently, have no longer
a seriously deprecated currency to en-
counter as drawback to business ac'
tivity. Here, then, is another disturb
ing element eliminated from the busi-
ness arenaIof the country.
Though our prolonged business de.
preston has in one sense proved 1tsell
a blessing in disguise, we are not quite
prepared to say that we could wish the
blessing repeated. But 1t has been In
strumental in pushing our trade and
manufactured commodities into markets
never before secured for them to any
extent, and has main tained them there
In defiance of competition. Granting
that this was obtained by the exigency,
and from the impulse of stern necessi-
ty, it is none the less valuable both for
our present enjoyment and future profit.
1t therefore reflects itself most encour.
agingly upon our business outlook.
The New York Mercantile Journal au.
nounces a general revival Of confidence
In the speedy advent of better times.
The New York Herald looks most hope
fully upon the aspect Of affairs. Writing
lust before the adjustment OF the Presi.
Dental muddle, the Herald said:
'The country stands at the threshold
of a period OF great prosperity, ana II
will grow rich, no matter who becomes
President. During the next four years
it would require very extraordinary
efforts indeed in a federal administers
tion to prevent the American people
from making up the losses OF the past
and becoming once more the most pros
perous anu the happiest nation in the
world. with the inauguration OF the
next President, whoever he may be-
confidence will be restored, and indus
try and commerce already reviying, will
fully awaken to lile."
We regret, however, to notice thai