The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-07-16

4 Indebtedness resulting from the years
~ repression preceding 1879, is seen IN
q mall amount Of loss incurred through
H.. In the past year, especially when
'alu anu. d with the enormous increased
I,,,"a n business transacted. The cir
So,u.ne ueder which the present sta
.,i.1eai com n, yison is made are, therefore,
IlsLiSs' , - nous, and the result IS seen
w. % vsrv ,ayo rable figures Thehgnres,
~ ,aIsn IN their broadcast sense, would in
y .aAe onrS,,ion Of prosperity and a safety
ply n,;ns credits hitherto not equalled
IN e .ha hjs,oTv Of the country. Bu'
sn he unsafe TO rely too i'm
r.;,Sr pnon indications even a.
pmc n, a. these figures; statistics OF Thu
eA ss,ta ",s essentially the records oil the
immediate past, and are nos IN si s .e0se
nTouheric. It would be unwIse 70 o. it inoos
,he existence oil conditions OF Vu,'ness
which they do not in any degree liiGs.'a ,S'
Fer instance, 1t is safe 70 say thst Ior tne
next six months the chances o. m'klns
money DO not bear any Comparison WIZ
the CHANCES az they existed in tIS .-At siA
m6nths OF 1879. The circumstances OF Tue
two Merida are almost precisely reversed
At this time last year stoas;=2 Of almost eV,
cry product were small, and values ~ NJ,
minimum: at the present hour Inc results
of stimulated production, largely increased
importation. and general activity, are seen
| in accommodations OF goods and very IN,
certain values. The possibilities OF
m.I;ng money, therefore, rest solely upon
he slow and gradual absorption OF goods
s n' oSn,nsrmutiou. The ability OF the coun-
~ ~ shsoib. consume and pay for lis re.
oS;rsments has never been greater; and
the gains that are to be made are likely 70
be the result Of legitimate trade, rSther
than the quick profits which were realized
last year from speculative advances
Those who can afford to walt Ior tni5
Gradual realization Of their prohts Will
doubtless participate in the general pros pros
nerity which exists, but 1t is painfully
evident that there are many VINO are
heavily weighted with merchandise
bought at extreme prices, and whose
motifs even for the past year have been,
or will be, pretty efectually extinguished
by the settling In prices whichts going on
IN almost every department OF business.
"Another element Of uncertainty exists
with regard to the prospects oil the agrl'
cultural class, Oh whose continued pros
nerity the whole commercial fabric more
or less depends. The magnificent wheat
crops' harvested last year, and the high
prices realized in consequence oil the gen.
eral failure Of the crops in Europe, were
the most important contribution TO the
nrosperity OF the country and the revival
Tor trade. Close observers view win con-
siderable anxiety the possibility oil great
decrease In the amount OF money 10 Dc
realized in the coming year from exPorta''
tons, A good harvest in Europe would
result in changed condition Of affairs, so
that instead Of exporting l75 OO0 Ooo bush
els Of grain, the amount might dTindle 10
Is 600 Co., An unstable surplus OF l0O,-
900 600 bushels OF wheat is q possibility
moi TO be ignored. The business oil the
country in It's present shape is largely pre-.
dicated upon high prices for agricultural
products and the receipt OF large sums
from other countries. Should these
conditions be interiered with, the
results to the sgriculturlsts and
The numerous classes dependent upon
them would be to largely lessen the de-
mands for goods, decrease their debt-pay'
ing power, and Intensity the somewhat
uncertain feeling with regard TO prices
generally for merchandise. a lessened
foreign demand would OF course seriously
interfere with the earning power oil all
means OF transportation. and generally
put out Of gear the machinery oil business
n It's present expensive shape. On the
other hand, cheapened food for the manu-
featuring classes Of this country would bt
a com pensating advantage, but whether
this would oyerbalance the disturbance tC
business generally remains to be- seen
The strength oil the position which tht
country occupies, however,in comparison
with all other nations oil the globe, 10 the
infinite variety Of resources In addition Il
breadstuHs. In the single article OF cottoT
alone the magnitude OF the production nov
promised, and the high price which still
prevails for it, will maintain the volume 0
exports at high point, especially supple
mented as these are by enormous sunni
realized from abroad for tobacco, provls
ions, petroleum, etc. The ability OF tht
country to produce and export article
which 10 her cOuntry can yield IN such
ubupdai CT, and the demand for which Il
Iconstantly increasing, will always, under
ordinary circumstances, enable US &c
largely regulate the balance Of trade IN
our favor. Again, the attractions which
the country affords to the enormous num-
Der OF immigrants landing upon its shoret
seem now tO'be better understood thar
ever before. The consequence il grea
contribution, not only 10 it's wealth, II
the shape OF a steady stream OF money
but 10 lis growth in producing and con
Stunning power. A general review OF thu
condition of things at this period is, there
fore, full OF interest and encouragement