Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1878-08-15

creased. The famine in India has ceased to
embarrass transactions; our harvests have
been generous, and we have plenty to sell OF
necessaries Of life that Europe is ready to
buy Our approaching cotton crop promises
TO be large, while the low condition Of stocks,
both IN this country and Europe, insure bet
ter prices for it. We might bring many other
facts forward but these we have mentioned
Will suggest others with which the reader is
acquainted. Taking the facts as they stand,
do they indicate better or a worse condi-
ton Of business? The answer Is obvious
the array Of facts indicate improvement. We
feel that they do so becomes strongly appar-
ent, when we remember that, at this time a
year ago, there was great confidence in a
coming revival of trade when there was no
such array of facts standing bright and cheer
ing as now exist. If there appeared to be
reason for good hopes then, may we not say
that there are grounds for a reasonable and
well-founded assurance now? But we have
not mentioned the most promising fact of all,
a fact founded upon the other facts mention
ed or alluded to, and that is that public con-
hdence has revived, so that people count
upon and expect better times" 1t Is the
want Of public confidence that has taken cap
ital out of business investments, stopped the
building of houses, the construction Of rail-
ways, and universally prevented the people
from spending their money freely. Let pub
lie confidence go on increasing as it has done
of late, and the consequence will be a readi-
ness to invest in merchandise and mercantile
enterprises while everything is cheap. As
soon as activity has well set in prices will be-
come higher, and knowledge of this COM
ing result will lead the enterprising to engage
in operations while the prospects of making
large profits by investing before the advance
comes, is evident and clear. When money
moves from the banks into circulation,
and so gets into the pockets of the people,
the better times we long for will be with US.
We shall not rush into the hight of buoyant
commerce all in a few months, but we shall
be on the way for 1t, according to present
and at the very least we shall
have escaped out of that 'slough of despair"
in which we have so long langulshed. We
shall be gladdened with the voice of hope,
and encouraged with the sounds of labor on
every side. and animated by the frightened
looks of a whole people rejoicing that they
are delivered from the clutch of the night
mare that had filed them with horrors. 1t
is for the reader to look the facts in the face,
as they exist abroad and at home, to compare
those facts with the state of things that have
so long crushed every hope and blasted every
enterprise, and to judge whether ''the good
time coming is not near. OF course these
based upon facts, have had ref
erence to no narrow spot, or to any particular
section of the country, but to the mercantile,
and laboring interests as whole.
Unfortunately the scourge of the southern
cities is diminishing the brightness of the i'm
mediate future of the populations exposed to
the pestilence but the facts indicating an early,
and great and gratifying change for the
manufacturing, and laboring
population of our country at large, remain
Notwithstanding.