The herald., 1894-04-22
Brighter sKIRs AHEAD.

There are manifest signs in the east-
srn horizon betokening the resumption
of work in the mills and factories aud 9
revival of business energy which will
when once fairly started, communicates
its restorative effects to the whole coun-
try. We have had here in the past few
days q number of eastern men who are
largely interested in some of the great
factories of that section. They speak
very hopefully Of the outlook for re-
vivsl of sctivitieA One of them in par
ticulAr is very sanguine that we are on
the eve of q great industrial boom
That is DR.. Warner, the great corset
manufacturer. He says be has travelled
very extensively throughout the country
during the past few weeks on g trip OF
business observation. He has discov'
cred beyond doubt that the stocks OF
staple goods among the merchants Is
nearly exhausted, and there is no es-
cape from the fact that they must be
replenished. In his own line there is q
marked revival, and orders have poured
in upon him in great and steady volume
80 great that although he has
resumed work in his shops he
cannot keep mp with them. This, he
says, is also the experience of msnufac-
turers in other lines. The uncertainty
as to tariff legislation had brought the
importation of foreign goods almost to a
etandstill, and this served, too, to de-
plete the market of general stocks, and
has made the resumption OF work in the
American factories more imperative.
There is no other solution Of the de-
pleted condition OF stocks than the i'm
mediate resumption of production in
the factories and mills. One OF our
local merchants tells US that certain
exhausted, and as a consequence all the
Patterson factories are again getting
ready to resume work. Many of them
have for some time had their furnace
fires in full blast. The resumption of
two or three important manufacturing
lines will react upon the others, and it
is strongly presumptive that they will
all Iiee out of the slough of despond in
which they have been for, 10. these
many months. The effect of the re-
opening OF these industries must nsces-
sarily be to create demand for iron and
coal, and to consequently fire up the
iron works of Pennsylvanis and Ala
bams and make the coal fields
of those states again the scene of busy
industry. What is wanted to accelerate
these movements is wise counsels in
congress and the passage of timely and
encouraging laws. II the senate would
rise equal to the occasion, get out Of the
rut in which it is stalled, make such
to the Wilson bill as prac-
tical common sense would approve, and
do something to encourage the rehsbili-
tation OF silver, in few months the
would again sail upon the tide
OF prosperity. the time is not far distant
made q tremendous blunder in playing
into the hands OF the single gold stand
ard consplrators. Porfrio Disz in his
recent message gives the significant hint
that Mexico cannot continue to pay the
interest on her bonded debt in gold. The
country is now overtaxsd, and to double
the taxation in order to meet q debt in
gold which was contracted when both
metals were OF equal value is simply
impossible. All the Lstin-American
governments will follow suit, and then
something will drop very heavily in
Lombard street.