The daily gazette., 1879-04-03
AMERICAS FUTURE.
Mr.. EDWARD ATKINsoN's VIEWS ON TIE
BUSINESS OUTLOOK.

BUS1NE8b OUTtOOk.
Mr.. Edward Atkinson, of Boston,
passed through New York yesterday ON
his way to the South to ratch the indus
trial development OF that section and re-
port the results of his observation to the
Gotten Manufacturers Association, of
which he Is one of the leading officers
Mr.. Atkins ON who has been for years
been one Of the closest students of politl-
cal economy generally, and of questions
affecting the prosperity of the United
States in particular, was visited by a re-
porter of the Herald at the Windsor Ho-
tel and requested to give his views on the
business outlook and matters generally
pertaining to the future prosperity Of the
country.
In reply to tho reporters questions he
said d:-"Unquestionably the Amel isan
people are more fully employed so-day
than they were last year. The number
Or unemployed persons n the nanufactu-
ring districts of the East In less to-day
than it was Que or two years ego. This
Is brought about not only by increased
employ ment in the East, but ny the re-
moval Of large numbers to the South and
Southwest. True, there Is no material
advancement in wages, but there has not
years when the purchasing power OF
lxPoRrs AND srBcIs PAYMENTS.
"The exports of goods of many kinds
is of the greatest Importance to the coun-
try, not only IN tho actual profit of the
trade itself, but in tho relief which II
1t il true, may not have given the stimi-
lus to confidence that was expected on
the part Of many persons. Nor will 1t do
SO so long as the government assumes the
function of bank issue, and continues
to conduct a branch of banking, for
which, in Its very nature,it IL utterly un-
fit. Nor can there be absolute stability
and confidence until, by the decision Of
the Supreme Court OF the United States,
the legal tender function of United
States note Is taken away from It,
"Wha. about the remedies required to
insure permanent prosperity? asked the
reporter.
"In general IL may be said," replied
Mr.. Atkinson, "that those who expect
sudden restoration Of prosperity from
any one single measure will be disap-
pointed. Our whole system of money
of banking, of national and State taxa
ton, has been thrown into utter confu-
sion by the occurrences Of the last twenty
years and need complete revision. This
revision cannot be brought about by way
of contensiohs between the advocates Of
free trade and of protection so far as the
national system OF taxation is concerned
nor of contention as TO the taxation OF
real estate or of corporate franchises a.
to State revenues, but by the adoption oi
such cautions, well prepared and YET
complete changes of method as marked
the wonderful financial reforms of Grea
Britain under the administration of Sil
Robert Peel. We will at length reap tbt
advantage not only Of our geographical
position, but al-o of our common schoo
education and of our control of the grea
staples which the civilized world mus
have to-day at whatever cost. Moor,
| important than all, we will also reap tn,
advantage of our freedom from the bloot
tax of a standing army. What the future
OF this country may be. freed from tn,
curse ofslavery, served as it is by 5000,
miles of railway and guided by an intel.
ligent purpose on the part OF the people
which always exerts itself in time tt
check the folly or the fraud of legislators
has yet TO appear.