The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1885-03-28
a CheerfSi Outlook.

1 4
and promises well for the near fu-
ture is not denied, except by those
chronic croakers who never see any,
thing but disaster in the future, and
those few disappointed politicians
who are continually harping upon
the change of Administration 1t
is not worth while for the business
public to waste much time in listen
ing to those two classes of grum-
blers. The former class is like the
poor, always with us, and the latter
have made up their minds to sulk
for four years, and should be per-
mitted to enjoy their only occupation.
They expected office for themselves
or friends had the votes of the peo-
pie determined the result otherwise
than they did, and consequently in
their opinion the country is necessa-
rily ruined.
There is another class, twin, so
to speak, that claims that business
Is waiting to see the policy of the
new Administration developed. Blu
siness is doing nothing of the kind,
but is going right along, regardless
of affairs of State. This class
would seek to make the public. be
lieve that the country merchant is
uncertain about going to the job
bling marts to lay in a supply of
goods until he knows whether the
postmaster in his town is to hold his
position or be removed to give place
to another, who can sell postage
stamps and receive and deliver the
mail with equal facility of the pres
ent incumbent. The influence of
these people is rapidly waning, and
very little attention is being paid to
them.
The news of threatened European
wars short time ago had a stimu-
lating effect upon prices of bread
stuffs in speculative way, but it
soon subsidized, exports continuing
right along. For the month of Feb
ruary exports of wheat and corn
were 16,S9S,571 bushels against
1884,, 1877 bushels for the correspond
ing month last year, and with low
prices prevailing the value of the
exports for February, 1885, was
about 12,750,000 against 100000
for Febroary, 1884. Railroad earn
ings for the same month on $4,000
miles of road showed comparative
decrease of only $4,000. Suisse
quent reports, however, with improv-
ed weather and the disappearance of
snow, show marked increase very
satisfactory and encouraging to those
who are ready to look upon the
bright side of affairs.
The foreign exchange question
has heretofore played an important
part in the business of the country.
With the low rates for money on
this side. of the water, and good
rates on the other side, bankers and
capitalists have bought largely of
long sterling bills at a profit, and
this has kept up the price of this
article. The excess of our exports
over imports was such that the nat
ural course of gold was from Eng
land to this country, but this buy
ing of exchange has kept gold back
1t is now no longer profitable to buy
exchange, and it is coming into the
market. The result is a decline
very near to the gold importing
point, and it would not be surprising
to see specie flowing to us in a short
time.
The adjustment of wages is still
in progress, and rents, which have
been held up out of proportion to
wages and the value of merchandise
are being reduced, so it must not be
expected that the prosperous times
of four or five years ago will be i'm
mediately resumed. Improvement
will be gradual, but not the less
sure on that account. Iron mills that
have been idle for months have com
menced operations; the dry goods bu-
siness, which has been delayed by the
prolonged winter, is springing into
activity, and other lines are exhibit
ing new life, and it can be safely
said that the revival of trade is in
progress.-Enquirer.
INTERNAL REVENUE COM.
MISSIONER.
Hon. Joseph =. Miller Selected
..SOme thing of His History.
1t was matter Of much gratifica-
ton, not only to Mr.. Miller's personal