The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1893-09-12
RETURNING PROSPERITY.

The unmistakable evidences of a reyi-
val OF business in this country are very
encouraging to every patriotic citizen.
The New York World recently printed a
list OF twenty banks and fifty important
manufacturing institutions that have re-
sumed full operations. A press dispatch
from Pittsburg dated September IL tells
of the starting up of mills, furnaces, iron
and steel plants and other works that will
give employment to many thousands OF
unemployed men.
Money is becoming more available. the
stringency is being relaxed, gold is COM
ing into the country, the contagion of
disaster is dying ont, and before long
there will be a revival of trade and indus
try that will cause people to look back on
the past panic as largely the effect OF a
money combination, and the balance
a senseless fear provoked by political
demagogues.
But what viii the scareheads, who have
told the unthinking multitude that the
trouble has been all on account of the ex-
pected reform of the tariff, have to say?
When it is seen that as the prospect of
revision becomes nearer the situation in
stead of growing worse is vastly improved,
what will they be able to offer in expla-
nation to their dupes? How some OF them
feel is exemplified in letter to the Viii
mingtcn, Delaware, EUery Euenilg, by a
very prominent business man, from
which this is an extract:
Things are looking brighter up here
now, and the Republican manufacturers
are coming back to work rather shame
facedly and admitting that there was no
reason after all for the wholesale CLOSING
of mills. and that it was largely the re-
suit of some of the more unScru pulous of
the party in New England creating scare
by taking advantage of the monetary de-
preston, which was real and actual, to
discredit the tariff policy of the admins
tration. This is as II 1gds actually admitted
to me last Saturday By the agent of one of
the largest manufacturing concerns In Nelc
England
Even the New York Tribune, which has
taken shameful advantage of the depres-
sion to spread the idea that it was con-
sequence of Democratic ascendency, now
heads an article: WELCOME News for
Workingmen! Mills and Factories in
All Parts of the Country Starting Up
Again. This tells the story of business
and trade revival. II shows that the
panic was more financial than CONNER
cial or Industrial.
If the theory of the Republican de-
ceivers were true, as the time approaches
for the "threat of free trade'' to be put
in force, trade and business troubles
ought to multiply, the depression ought
to increase, the gloom ought to be denser,
and the fears OF the people ought to be
such as would make the nation quake.
But reverse movement has set in. Con-
fdence is returning, banks are reopening,
hands are being set to work, the finan-
cial armament IS Frightening, and the
indications are that the clouds will soon
roll by.
Will those dishonest sheets which have
tried to make the Democratic party re-
sponsible for the blunders, extravaganza
and folly of Republican legislation while
it is in full operation, give credit to the
Democratic party when these effects are
cleared away. and prosperity under new
laws and changed policy dawns on the
whole country from the eastern to the
western sea? Not much. But the people
of the United States will see and feel the
effects and will know how to give honor
where honor is due.