New-York tribune., 1880-01-17

Ioal I ; 7O-lbe 0Gj5l Y sycrT lo3 s0-.llo0 053 ~
DOM canan saalai .u2 D On .,ery 9os.eAl-elI lal.n

Dom. Canda 530jtigO2l iu every 2ps2s3i7e37 l5.i2o
In 1876 every si1iy-nuth unr suc-nmbcd; ga Is77
every scvcniythrdi m ls7s svory HKf frulih. whilo
ior 1870 was only every hundred auu hfh trader
who laiI down nis load. In an army O.: over 100000
au Improvement marked would certainly bcsct a.
most npp'fa confidence i1 its ch.uo"e 80 sucrr--.
comparison oithcso gutcs VIZ M So hat unfortunately
yrmcnt in he Uut.i - ,-- though iu thc Dom
mon The signs OF better umr, srr uam.stakab.o
general survey of fhe commercial horizon is taken
hy thc kecocy, whose opportunities Tor observation
urcqualled IN the Unitci states.
The u,-i- for tho prosperity trade witch has dawued
upon tho country seems well founded ry tho following
sketch the condition OF hc varied Glasses ~ the
people;
Th. cost of Twin. FOR tho y1s. class whose cxrcul
ur D., manly FOR food and clothing has not advanced IN
th, same rIuO a5 the power To- cUn money has III
creased: While thr number OF unemployed rs les t.an
ai amy t,mc within the past ecyeu YEARS. H. this Is the
condition 90 those vino are ncct tnr base oi the supcr
structure of society. 10 Is the surcst sign ot hcahy
49, ~ scvcr,I y,,r. or bic GOOD fnri,iur cul-
mkmiug the past year with prices beyond all cxpec-
,naid moi only mild To bmy largely bat also 70 pny
promptly. The rapid movement 90 new md fertile re-
fru OF foreign unInrratlon that flows % our shores
vi-biy augment the producing power Of country ana
s capacity to absorb and pay for what "eedcd to cte-
ate PROSPEROUS internal trade.
'Thc development NJ the mineral resources has also
ATTRACTED numbers TO mining regions who formerly were
oyeGcgowdng Oher avenues OF business or were hbs0
utcly dlc but who earn for themselves Il liberal
CONFORMATION IN now nclds OF oxcron The operatives
I'm nmost every manufacturing distict are busily eul-
poycd and all who are wiling TO work may do 50 with
The traders who 1--we by snppying all these classes
with the and Injuries Of life shared In
the general Improvement, ana the competition being
and other causes tue opportunities iOr profit seem 80
Ascending the scale 10 those in circumstances some.
what easier. the cOndtiOy of thug- Is certainly muoh
impro, ed. Numerous assets OF slow character have
bruu to Weld return indebtedness has been largely
gxtlugui~hc shape ultimate lIutld-
alton Tho profits OF tho year Just closed have boon
large and 80 universal that freedom OF expenditure
seems jusuhcd greater than has been prevalent Tor
In fact review Of all classes upon whose condi-
ton tie soundncss and activity OF the trade OF tHo
country depend beects the belief that the prosperous
large profits OF $40 when were nnde up largely OF
suddenly enhanced vau VIII hardly be duplicated
during he current year but that the volume OF business
VIII continue large and that fair return Will be real
iled IL snicy reasonable expectations There are few
dstui iblng eemens cscOvorahle c&cptheY are forced
upon the country By politicians or specuai0rH whlo
TIE indications are numerous that tho pcrmancncr 0f
the present prosperous period ~ assured"
notwithstanding these generally favorable Obscrya-
tons. tho following cautonary remarks are made
Tho sudden transition from long and severe deprcs-
sion 10 condition Of the highes, prosperity IN the ado
OF the country may De proddci'oo or other thihss bo-
sides large profits enhanced values, ana improved pros
stimulate production beyond The real ucmand. and
above ALL the extension II nnwse crcdts rs the result
of largely increased sales are dangers which every
-aeacous business man WI be- most careful TO ayoId
in last such times ~ these. Wine the debtpaying
creased by the revival Of trade II mst not bc forgotten
that there thousands or business men whosc cond
uon six months ago, well nigd hopeless The
dtlOn OF ts class cannot have been Transformed from
chronic insecurity to entire safety by HE magic OF few
brief uf renewed confidence ana unwOntCd
tiyity IN trade lt Is true that vast number 0 radcrs
owing 10 the enforced contraction OF the wears
were in the best possible condition 10 avail themselves
OF the sudden return OF prosperity aud consequently
the number OF those who have improved their cODdiOu
very great nut there yet remains great army whose
position did not permit participation, TO any large
extent, In the sudden gains which have been made,
while OF course degree Of prosperity Will make safe
for credit those who laok business capacity thosu
whose character must IN any case, make them
worthy OF confidence