Daily Republican., 1879-07-24
Business Revivals.

of the Democrats in Congress and th'
predictions of the Greenba,ksrs, tn,
times are getting better, slowly it ii
true, but surely. Had the Democrats
and the Greenbackers had their way
the finances of the nation would have
been in inextricable confusion, bust.
ness worse than at stand still, and
confidence in the Government weaken
cd. But thanks to Republican Presi.
dent who stood as stone wall on the
line OF his duty and broke these wild
waves OF fanstacism as they came rol'
ling in from a turbulent and angry
sea of Democratic trouble and unrest.
On Tuesday the last of the ten-forties
fell due, and now the process Of refund
ing is at an end by tie government for
the present. This not only contributes
to the financial prosperity Of the coun-
try, but indicates growing confidence
in the financial management of Secre
tary Sherman. The people Of the United
States owe a lasting debt Of gratitude
to President Hayes and Secretary Sher-
man. Notwithstanding the ruinous
policy which the rebel portion Of the
Democracy Of the country was endeav.
oring to force upon them they have
stood firm to the principles Of honesty
and reform which the Republican party
inaugurated, and now We are reaping
the benefits.
We do not pretend to say that there
were no dishonest Republicans for wa
freely admit that there were plenty of
them, but the leading features Of Re.
publican legislation led to honesty and
reform, and this is the policy of the
Republicans to-day in spite of the wild
efforts Of the Democracy TO destroy it.
All along the arteries of business, trade
ia springing up. The sound of the
forge hammer and tn. belchng of ne
elected furnaces are again heard
throughout the land. Millions of idle
spindles have sprung into motion, and
indeed there is scarcely a neglected
mandatory anywhere of any branch
of trade that has either not commenced
business again or is preparing to do SO.
If there is any unemployed labor in
the country now, it is principally be.
cause such labor does not want to be
employed.
True, wages are low to commence
with, but We have the welcome intelli-
gence that In the iron manufactures
they are gradually being increased, ,and
the same will be the case in all other
branches of business as prosperity in
creases. The Philadelphia "North
American" which more than any other
Philadelphia journal, carefully notes
the business and commercial interests
OF the country. says that "more money
will be expended for iron than in any
one year in the history of the country"
because the great railroads are all in
the market for rails, and the mills are
so full of orders that they cannot fill
them before the end of the year, and
they have been enabled to get increased
prices for early delivery. The prices
have been steadily upwards for the
last six months, and instead of exchan-
ging their iron for bonds at seventy five
or eighty cents on the dollar, the COM
panies now in the market are solvent
and pay the cash. Our able cotempor-
ary says the same is the case with the
manufacturers Of rolling stock. Cars
Oil" ohs 'poo oio ooiu at io"oI prizes
than were ever known, because the
money is ready on delivery. Cheap
coal has contributed much to bring
about this state Of affairs, and nothing
but an enormous consumption has pre-
vented a break in the prices.
at the rate at which the business of !
the country is heing resumed it will
not be long before the busy scenes of {
labor during the war will be re-enacted, a
hut on a more substantial and solid I
basis. As the Republican party are
entitled to the credit of this resump. ,
tion of business, as we'll as the resump-
tion Of specie payments, they are about
to be rewarded with grand victory
all along the line wherever elections
are to he hid this fall. lennsylvania,
the grea: iron-bound State, that contri-
buted so much 70 the present business
activity OF the times, promises any
where from $4,000 to 10000 Republi-
can majority. Ohio will be rescued
from the waves of fanaticism that over
whelmed her two years ago. New York
is arraying herself on the side of the
solid Republican North, California will
shake Oft the shackles of communism
which temporarily bin1 her, and Iowa
and Wisconsin will reassert that we .
have confederated nation of States by ,
their old time Republican majGrities
looks prosperous for the :
country financially and politically. r