Morris tribune., 1890-01-08
Prosperity in 1880.

The New York Sun has been inter-
viewing business men throughout the
country on the outlook for 1890. The
verdict is almost unanimous that it will
be one of the greatest, perhaps the great
est, business year the country has known.
In the ocean carrying trade, freight
ships are crowded to their utmost ca
pacity, and everything that can convey
grain across the sea is engaged ahead
till February. For the first time since
1882 freight steamers have all the cargo
they want.
Jay Gould bases his prophecy of great
prosperity upon the fact that crops
throughout the country have been excep-
tionally good. Railroads and companies
working large capital have had gener-
ally prosperous year, and will therefore
be able to pay dividends this month.
This will release not less than S100, ,O0O,-
900 and make money plenty.
In the iron and steel trade mills will
berun to their full capacity, which means
that they will be in operation night and
dav. In the wholesale dry goods trade
prospects are better than they have been
in many years. Only one trade COM
plains generally. That is the coal indus
try. The weather up to the beginning
of the year was so mild that coal had
been inactive. But as the loss of the
coal men has been the gain of millions
of poor people they should be willing to
bear it with philosophy for one year.
Chicago has some reason to complain.
She confesses to having transacted an
enormous iobbing business during 1899,
but at low prices. But is not the ideal
prosperity brisk trade and moderate
prices? 1t is thus that the great masses
of people can have their wants supplied
and be comfortable, and this of far more
importance than that few hundred
wholesale merchants should become mil
lionaires Does Chicago want the earth
as we'll as the Worlds fair?
The general manager of the Missouri
Pacific railway writes from st. Louis:
''In all my railroad experience I have
never seen anything to compare with
the traffic strain under which the rail-
roads are now staggering"
From Charleston the word is that the
Sea Island cotton crop, owned and titled
by negroes, has turned out well, and the
savings banks are full of funds. New
Orleans has had the largest business sea-
son in its history. The cashier of Pitts
burg bank says: ''The year now closing
is the best we ever had, and the outlook
is just as good for the year to come" In
Cincinnati the holiday sales have been
unprecedented. David II. Moffatt, one of
the largest real estate owners in Denver,
says that at no time has the business out
look in Denver been as bright as it is to-
day. H. A. w. Tabor remarks: 'The
next year will bring wonders" S. G..
Kingsbury, live stock dealer in Kansas
City, has this to say: "Live stock re-
ceipts have been increasing right along,
and we have gained on Chicago almost
every day."
IL ID W DC llOtCu LilctO UllC ShASA SANA1ASA1'
of prosperity is the good crops that were
so general throughout the country in
1885, All wealth comes from the
ground.
We have laid these cheering reports
from various parts of the country before
our readers with purpose. 1t has long
been noted that both good and bad lucf
travel in waves or cycles, as indeed al
events do. Some years in business thu
best Judgment fails, and the best efforts
fall empty to the ground. In other years
everything succeeds. Man has not ye
learned the occult law that governs sucl
matters, but undoubtedly there is a Law
and it will be discovered some day. Blu
we wish to call attention to the fact tina
at present a wave of prosperity seems tx
be on for this country.
Eighteen hundred and ninety promise
to be year in which energy, industry
honest business efforts and wise new in
vestments and enterprises will be re
warded with success. Go in and win.