Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1879-07-18

From every part OF the country and from
every department Of trade comes the cheer
ing news tina. business is improving and our
long depressed industries are reviving. The
welcome effects of the revival Of business
which have been felt in our own city have
been experienced AT all, or nearly all, the
manufacturing and distributing points of the
country and there is every reason to he
lleve that We are standing at the threshold of
new and flourishing era. We may not look
for such an epoch OF ielusive wealth and
prosperity rs We had during the inflated and
demoralizing years of the war; hut steady
if gradual graduation to better times may rcas-
onably Dc expected. There are facts and
figures in plenty which show conclusively
that We have passed the lowest point and are
now on the upgrade Thus in the just
issued semi annual report of one of the lead
ing mercantile agencies it is shown that the
failures for the quarter April-Ju are much
less than in any single quarter OF the last five
years-a sufficient indication that the bust
ness of the country has become established
ON u 'hardpan' basis. AS compared with
the second quarter of 1873, the difference in
favor of the last three months is very mark
ed, indicating decrease of over 900 failures
i'll that period, with Il decline in liabilities of
twenty six millions in the quarter lessen
ell loss or lock up by bad debts of over two
millions per week For the first six months
OF 1879, the failures in the United States
were a, O5S in number, as over ), S2j for the
first six months of 1873, while the liabilities
are only Is millions this year, against 1870
millions for last These are facts which
cannot be gainsaid or controvcrtcd and
prove beyond II doubt what We have previous
ly said. The figures cannot hr said la br
dry and liielcss, for they speak more clearly
and more eloquently than words of the re-
turn of prosperity Of an increased demand
for goods. larger sales, better prices, more
employment for skilled and unskiled labor
of all kinds, domestic and national happiness !
and the enlargement of individual and civic |
wealth.
In the circular alluded to are also brief but |
explicit reports from forty or fifty represent
alive cities, furnished by the branch mana
gers of the agency at each locality niterch
sulting the best local auihortics The result |
is II photograph of tina business of the entire
Of a most encouraging character,
and, MS the agency says No one can pcrusr
them without being convinced thai not only |
is the dawn of better days upon us, hut that
Il country 81 blessed with abundant resources
in the hands OF skilful and intelligent PEG
pie TO apply them 10 the hest advantages
must soon now that tho tide il changed
achieve marked and permanent prosperity"
the people TO see to it that the drmagngucs
and tricksterS do not cheat them ont of what
has been done to use Secretary ;ibcrman's
words. One immediate danger comes from
tho inilaiionlsts, whose theories il carried
Dut would, all history assures us, involve the
nation in ultimate bankruptcy, dishonor and
ruin. But in one of the greatest Of the great
States Of the West. where III, danger is the
most imminent, we have every assuEance that
here will he triumph of honest none. Ut
he election now close at hand and il de-
Gated now in that powerful commonwealth
I is quite unlikely that the grcenbach hcrrsy
will ever again rise 10 even its present pow
II. If the Ohio Republicans and the Demo
rats of convictions of principle unite ON this
nomcntous issue the battle will never again
viii be- the result
Another danger comes with humiliation