The weekly democratic statesman. [volume] (Austin, Tex.) 1871-1883, 1877-01-18

bales were shipped to Houston,
II, COS bales to Galveston, 1869 ba. os
to New Orleans and 2g52 bales to New
York. ia the Navigation Company
there were shipped 1l,1sO bales Of
cotton; Galveston railroad, 1895 bales {;
Mallory line, 154 bales; Morgan line,
Bill bales.
THE OUT-LooE FOR BUSINESS. For
long time our people have been look
ing for indications OF a revival in bust
ness. They have been inclined to take
a cheerful view Of things, to recognize
the process of getting down to hard
pan" as healthy one, and to look
forward with hope to the return Of in
dustrial activity, which they knew
was sure to come. At The beginning
of this new year of 1877 we have some
thing more than hope to sustain Us.
There are substantial evidences OF
actual improvement. The better time
is not only coming, bat it is now at
our doors. The long period CT deprcs-
sion since the panic Of 1873 has had
wholesome effects. Fictitious values
have been wiped out; speculative an
ticipations have collapsed; extravagant
and wastcful methods of conducting
business have been corrected, and
prices have been brought down to q
legitimate basis. One Of the NEST
hea!thful effects of the hard times has
been the elimination Of the tendency
to speculation and iliegjtimate enter
prise. People have been taug&t ly
that most impressive of all teachers,
experience, the Importance of prudence
and economy, and have acquired those
methoiical and careful habits of con-
Quoting business which are essential to
permanent prosperity. 1t is only nee
cssary to benefit fully by the lessons of
the last three years 70 be able to build
up a more solid ard enduring fabric
of State and municipal prosperity than
we have ever yet known.
We shall have to co.duct bust
ness on true principles, avoid fool
ish expenditures, and address our
selves to habits of careful industry
and prudent management. This Will
bring about rich results in a flourish
ing condition of all industries, and the
diffusion of general comfort among all
classes.
The feeling is prevalent in business
circles that the only thing wanting to
give our State and city splendid and
prosperous season is the early settle
ment of the presidential problem. Our
exports are increasing; the shipment
of grain largely exceed those Of last
year; the movement Of cotton is larger
than that of last year to date by %, coo
bales; the balance of trade in favor of
this country is larger and continually
increasing, while the almost certainty
of a general European war in the early
spring stimulates the flow OF
exports. All these are excellent Signs.
They promise great and general re
vival of business whenever the commit.
tees appointed by the two houses OF
Congress find an honest ana peacca5lc
way Of removing ali doubts that attach
to the question of the presidential sue
cession. We nave every confidence
that this will be done without turmoil,
as mob law cannot hope to gain any
Roadway in q land where law and or
der are the only guarantees that We
have for that qpict which is esSenua
to our prosperity; then we may rea
sonably look fer lower gold, larger
business, better employment for labor
advancing credit, easy rates for money
and better profits for enterprise anC
capital.