Daily Republican., 1879-10-29
Tho Reaction on Hand At Last.

Tho Reaction on Hand 1t Last.
For the Republican.
Our citizens feel q deep interest in
the many important and diversified
manufactures of this city and vicinity,
now starting into new life after six
long years, of the greatest depression
ever experienced, and it really looks
DOW as if the revival which appears to
affect favorably all classes of business,
would be a permanent one, stocks Of al
most everything having been allowed
to run down to the lowest point, cor"
poration as we'll as individual, having
been compelled to practice economy and
now, under the new order Of things,
the demand necessarily comes from
every quarter in order to fill the
vacuum created by our long idle work
shop and manufactures and the ruiuous
stagnation of all other branches of
trade; but the tide has evidently turned
at last, and from present decided indi-
cations, the prospect is indeed cheering
in the extreme, Notwithstanding there
is every probability that there will be
some reaction in values, as they have
advanced far too rapidly.
But when has our whole country had
such favorable outlook on every hand
as at the present moment. We have
had two enormous grain crops in sue
cesson, out of which to supply the un-
usual deficiency in the crops of England
and portions of the continent of Europe,
which will be likely to absorb our
whole surplus at good prices, besides
immense quantities Of other grain, with
the unprecedented shipments of cattle
and other live stock and provisions Of
various kinds in connection with those
CT cotton, petroleum, machinery and a
hundred other articles which they seem
to require and which we are favored to
be able to supply. This condition of
things will enable us to keep at home
nearly all the precious metals which
our mines are producing (Which were
formerly exported) as we'll as to force
the shipment hence of millions Of dol
lars to pay the balance now, and likely
to be largely due us.
If this state of things should contin-
Ut which appears more than probable,
every branch of our many industries
must recsivsIa wonderful impetus, be-
yond anything we have ever, yet ex-
and it is to be hoped that
We, in and around our "city on the
hill" shall have our full share of the
coming interest. We have plenty of
room for extending facilities to those
now in business who desire to increase =
them, or to offer to others, for starting
any Lew enterprise, and it is greatly I
to be regretted that law was not OBJ
tanned from our late Legislature ex. a
empting from taxation for term of s
years any new building erected for
man ufactoring purpose. In this re- I
spect our little neighDor on the river c
rather got the advantage of us. At the l
proper time tia failure should certain I
y be rem. Gied. a
In the way OF iuausurating a new a
Du-,pr.s f,r This locality it may be said
,hs' ju5t botore the late panic commen- 4
,td il was in contemplation by some of
,ur business men and capitalists to i
,rect and operate one Or more blast l
urnaces here, a good deal of interest b
having been manifested at meeting
,alled for the purpose, at which it was f
tated by one of our most practical and L
prominent business men, that the To- b
alton of Wilmington was erIir+ntly
uited for that purpose. The argu-
nents advanced at that time are Ger il
ainly as cogent now, the capital need b
ID could no doubt bs more readily OBJ g
AIMED. o
We have our rolling mills and foun- [
laries not a few, to work up the pig t
ron, and if we had also our furnaces for II
making it, there would be a market at r.
ur very doors for the whole of the pro- II
uct. Would not this be favorable
ime to make a move in this direction
y those contemplating it six years ago,
Tho would no doubt be fully joined by G.
theirs in carrying it into completion. s,
What say you gentIemen,s shall We make b.
ur own pig-iron or continue to pay
ur money for it elsewhere. W
PROGRESS. m