Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1879-10-31
Is 1T MORNING ?

he demand upon them are so impa-
'ent as to wake them to intense ex-
itement. Look at our little State.
The st. Adams shops are full of work. |
he st. Johnsbury Scale Works are
eing run night and day. The in
rease in the Lake freights in Burling-
on are very marked. At Rutland,
Bennington and all the places indica-
i've of the condition of business, en-
terprise is wide awake and enthusi-
astic. The great lumber interest of
our section of the State is stirring and
promises more extensive operations
than have been seen for years. Scarce
ly have the grumbling words died on
the lips of Capital, accusing labor of
yielding no returns for investments
and the bitter retort of Labor COM
planning of the miserly boarding of
Capital, (while neither were censur-
able,) when a shout goes up calling
both from their little pecadilloes to the
harmonious accomplishment of the
purposes for which they were created.
What has so suddenly reused business
from the inertia which has been upon
it? The great demand for almost
every thing the country produces says
some one. But why fhis demand :?
What great enterprise has so suddenly
become in want of iron as to bring the
price of the trifie used in our little viii
lage aqueduct up $1,000 in q few days !?
Why has corn gone from Scots to near
81 90 per bushel ? Short foreign crops
says some one and the same is said of
the hops which have gone from 10 to
35 in few days. This may be one
cause; and if those things only which
are affected by the gwen causes had
suddenly advanced, the problem
would be easily solved But when the
enquiry is made, why have pl}nts risen
so suddenly in value, it will not do to
say "calico is short in Europe" Or
have the iron and India rubber crops
been cut short by early frosts? What
is the cause of all this nervously strong
uprising of business it occasioned
by the Ohio election, the wise action
of the Republican party, or the fortu-
nate absence of the last session of
Congress or yet is it a reward sent by
kind providence IL recognition Of the
many virtues which our people have
been practising to greater extent than
they are won't? But laying aside any
jocular allusion to the ridiculous
causes to which we are too apt to
attribute success or disaster, it is well
that we pause moment and calmly
consider the real causes of the business
excitement which we are in at present.
Now it is we'll known that one business
interest is sensitively sympathetic with
another. And one cannot get up from
its long sleep and move off without
disturbing another. II A., who is a
corn dealer, moves, induced by AN
actual and healthy demand, his neigh
Dor B., who is engaged in the manufac-
ture of rubber goods moves also. But
the life current which the latter feels
may be only temporary and Occasioned
by corner" on the raw material
used in his business. Men have been
suspicious because Others were. Men
now invest because others do, and
when the healthy investments are
exhausted in exciting times, they do
not distinguish readily between an
actual want of a class of goods, and a
temporary scarcity created By mon
opoly. Now the fact that all kinds Of
business spring into activity simultan-
eously, some from WEI recognized
causes, and others apparently from
sympathy, should, it seems to US in
duce great caution on the part Of our
business men that the real demand be
distinguished from those which are
designed for speculative purposes. If
capitalists engage recklessly il specu-
lations without stopping to consider
whether their enterprises will bring
permanent prosperity to the country,
and if this becomes the prevailing SEN
timent or practice, we shall have a
season of wild excitement and then the
returning wave will return and our
last condition will be worse than our
first. If the real wants of our people
are sought and supplied and our re-
viving interests are conducted clear
from the speculations and monopolies
and excitements which SO nervous a
revival of business always engenders.
and our materiel wants are distin-
guished from our imaginary ones in
practice, then an era of prosperity has
Returned to our land than which it has
never seen the like. Now do not these
things suggest that our little section OF
the country ought to take hand in its
awaking enterprise? Not by getting
up cotton mill that some uncontrol-
able circumstances like tariff may
make, or unmake in moment-Notto
experiment in mining-But in building
up permanent, legitimate and neces-
eary industry for which this locality
has such remarkable facilities. Take
for instance the manufacture OF any
article for which the raw material is
wood of most any kind, and we have
an abundant supply at the very door
of the factory. Our X. Il. accommodate
nj til 4 .lsD