Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1879-08-13
The Dawning Prosperity.

Oinciunnu THUS.
The boom in business continues.
From all sides comes reports OF revivlng
trade, OF industries long languishing
picking up, OF encouragement taking the
place OF down-heartedness.
The wheat harvest is one OF the larg-
est and best ever known. The mighty
fields of the Northwest have yielded
their harvest of golden gram. The re-
ceipts at the great shipping ports are
almost unexampled. Chicago, Toledo,
Cincinnati, st. Louis and other places
boasts of their overfiOwing graneries.
Railroads are taxed to furnish the nee
essarv transportation, and lake craft
float low with their full holds. The
corn crop is going to be an immense
one, promisingto keep the various chan
nels of transportation full for many
weeks to come. Other harvests are in .
most propitious condition.
For all these products this year there
will be an extraordinary demand from
England. There will be new markets
for all our farmers have raised. More
over, the country is growing rapidly.
The tide OF immigration has set in with
new force. Every new emigrant brings
To- us the wealth OF his labor. More
came last year than for many years be-
fore. More still win come next. They
are peopling the great Northwest; they
add to the product of the country, and
they create new demands on the old in
| dustries.
The iron business-the basis of all in
| dustries-is better to-day than since the
H.
looking for six years at falling market;
to day they see rising one. They
have gazed at losses for six long years;
now they see profits.
There is not branch OF industry in
the whole country which is not feeling
now, or which will not feel speedily,
this substantial improvement. ltmeans
| better prices everywhere. 1t means
longer hours of work in the mills,
| the shops, the fields and the
stores. Ii means prosperity. There are
more miles of railroad being built this
wear thanany other year since the panic.
| There are great manufactures III tins
| city that are running two sets ot hands
day and night. Some have refused
orders for tens of thousands OF dollars
| for lack OF mechanical means to till them.
We do not know that this city is better
off than others. This we do know, that
| Cincinnati is on the high road to such
prosperity as she has not enjoyed Tor
years.
The coal business has taken new
start and prices have improved. The
spndles of the great cotton mills OF New
England are buzzing, and the roar Of
the furnaces soOthes the long-enduring,
| patient master.
The quickening life is reflected in the
| Wall street markets The new spirit
that inspires the country is seen in
| quotations Tor railroad stocks higher
| than have been current since the
panic that wiped out current val
| ues as with a spOng. There is no
surer proof of the revival of business
| than the revival of the speculative
spirit. This speculation rests on the
| basis OF a conviction entertained by the
/ longest-headed, most far-seeing men OF
/ the country, that substantial improve
ment, permanent and lasting improve
ment, in the affairs of the country has
I set i'm. There is more money in the
| country than there is present employ
ment for; the balance of trade must re-
main in our favor for some time TO
| come. The vast economies OF the past
| few wears have produced their natural
result. Men are generally out of debt.
| They have something laid by, and they
are ready to take hold with whetted APP
petites for work.
There is another element, too, in the
/ situation that must not be overlooked.
| In our judgment the communication OF
| the German Government to this coun-
| try as 10 the establishment OF an inter
national ratio for silver and gold, is one
| of the most important events that has
vet transpired. There will be no such
scarcity of hard money as ex-Secretary
| McCullOch looked forward to, if such a
ratio should be agreed upon. Harmony
| of action between the great nations OF
continental Europe and this country
cannot fail to impress the financial
world.
| 1t is only necessary now Tor the
| United States 10 hold fast as she is. By
/ a providence as gracious as it was won
derful, the resumption policy has been
| successful. There steps yet to be taken
| to make secure the gains that have been
won. These may be safely lett to the
future. But to-day the watchword is,
take no backward steps. Let us not
ieopardize all that has been gained.
Let us hold fast to what has been Sc
cured. Prosperity, dawning now on
the land, will presently come to shine
with the glorious heat of MONDAY sun.
The new times, the good times, the
better times, so long hoped for so long
prayed for, have surely come. 1t only
needs that men should open their eyes
to see the evidences of the glad revival.