The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-08-11

IErom the Proylccnet SouFna


rhs, the legitimate productive ana ue-
v.lnrIng Industries OF the country are IN
s,,,rd roudItlon to-day win not be denieo:
Tnere e annie capital; agriculture ana
,,,sumfsrtnrcs are upon basis OF remuneIa-
tive activity labor IL. In all departments
fnNy employed aud we'll paid; the 'mmigfa-
lion al the wear wil'be the largest ever
seawn: IN mercantile circles the statistics
nroye an almost unprecedented staohI,y.
Tke conservative capitalist ana ttaoe'
would be satisfied II guaranteed cohlihu'
anee OF the present state OF affairs. IL lneIe
aov probability OF an immediate cnange'
and. IN yea, what direction Is hkely 10 Ve
ass,jmedY The press has been consideraois
exercised OF late over certain prognosuca-
tions of evil for this country, made ny
Ion,ion journal. 1t Is well 10 learn from
anv and All sources, and II Is true that oiten
a bvstander may see the game more iuiiy
and clearly than a player. But the Fd"-
Man Gazette knows nothing which the ln'
,cIIi0ent home observer does not or may
mot know, Nor has II disclosed any facts or
uttered any arguments not recognized mere.
There Is always the possibility that oD'
structions may arise in the onward marcn
Of great nation, while seasons OF deprse-
slops are in the nature OF things a matter OF
course. No one supposes that the progress
Of the United States, materially speaking, Is
10 be hindered or substantially delayed. Is
there any evidence that II is 70 be impeded
ia the near futureS 90,
During the fiscal year ending the Both oil
June. 1881, the excess OF exports OF mer'
chandtse was $3.50, 726,254, as against an
EXCESS in 1880 OF $I67. OS3,9l2. The excess
a imports Of coin and bullion for 1881 wa:
sol 1893 $50, as compared with an excess OF
imports in 1880 OF s75,S9l ,39l. The value
OF our exports Of merchandise. during ln'
wear ending June 80, 1881, was <9O2, 3I9'4'o
and our export OF manufactured cottohS u
gradually but surely increasing.
But il is said that as TO wheat we shall ex
mort less In the coming year than annuaIil
for the past four years. TDis may possibly
he the case, both because OF a lesseneo
crOp on this side and better crops II
Europe. But bow far will this effect the
great balance? In the FIRST place, II is nov
established not only that we are TO nave
surplus. but q harvest which feW years
since would have been considered extraor
binary. We shall furnish to our people, In
Guiding the accession from abroad, cheaI
food. The cotton crop, as it now looks
will be, say, equal TO that OF last year, which
will afford enough and to spare at a reasona'
bic price. Notwithstanding the unproml'
sing spring and early summer, there Is
| Drospec that the corn crop will be album
dant All that can be said now, therefore,
is that our exports Of grain and flour are
not likely 10 he as extraordinarily large as
OF late.
On the other hand, there are no symptoms
Of excessive importations, and for all home
nurposes we have an abundant supply OF
raw material, of machinery, OF labor, and oil
capital. Were we wholly excluded from
foreian trade for q year, we should still
thrive upon our own production and con-
SUMPTION. We are not TO be so shut out.
we shall send abroad wheat, petroleum,
meats, cotton, and other articles, and il we
do not receive as much clean cash as we
have recently imported, we are not to be
called upOn 10 send il abroad. That Is TO
say, we are not importing so much as TO
render it necessary, and there is no reasona-
BILE ground to expect that we shall have to
do it to pay debts. To those who appre-
bend danger from the imitation OF the price
OF stocks in Wall street, we can point out
the condition OF business generally through
out the whole country. Not only are the
failures comparatively few and unim'
poJtant, but in the West and on the Pacific
slope business is unusually good for the
season, with every prospect OF healthy
trade In the fall. That which we have said
has been founded upon the idea that COM
mercial affairs would be conducted i'll a
business.like manner, a. they now are.
| That granted, the future is promising. The
Ilong.anticipated crash in stocks may come
any day, and no great harm will be done
we may build too many railroads, and that
would bring trouble, but as yet there is
neither speculation nor extravaganza Of in
yestment which casts q shadow upon the
welfare OF the country as a whole.