The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1894-10-06

vi tHe hOAlnley hCt, prosperity boOh
its flight from the United States,
never to return again.
Mr.. Chauncey NJ. Depew, stanch
and radical Republican, who is held
in such high esteem by his party as
to be considered by its most distiin-
guised leaders as fit candidate for
the highest national and State pol
itical honors said to the Hamburg
correspondent of the New York Her
aid, on the Sth inst.
"The settlement of the tariff ques-
ton is the beginning of a new era
of prosperity. Tho new tariff
does not change materially the
Mckinley law, and we now know
what the situation is to be for a
long time to come. Nm Conf
denee is restored-that means every
thing to us. The industrial energy
of the 100000 people in the coun
try, not yet fully developed, is resist
less when credit and stability are as
sured.
The consuming and purchasing
powers of this homogeneous popula-
tion make prosperity for every bust
ness regardless of foreign demands.
"There is no end of idle money
which will now seek active employ
ment. In less than two years the
panic of lS93-94 will be forgotten.
Mines, furnaces, mills, and factories
will be in full operation, railroads
will be conveying full profitable
traffic, and the movement of internal
commerce and the free circulation of
currency of the equivalent in bust
ness and wages will certainly in
crease the demand for everything
produced upon the farm or else
where"
Mr.. Depew is the president of one
of the most comprehensive, profitable
and most ably managed railroad sys
TENS in the United States. He is
a business man in the broadcast, most
practical meaning of the term, and,
as such, his opinion regarding the
business of the country is worth
more than all the croakings of all
the reckless, unthinking, unscrupu-
lous and prejudiced partisan organs
leaders and agitators from Maine to
New Mexico. They croak the wish
that is father to their croaking, he
speaks impartially, in wise judgment
and from prolonged, informing ex-
perience.
What Mr.. Depew says is con
firmed not by reason of common
sense, by the character, the enter
prise, the energy and Intelligence oil
the American people, but by the &C
tual business conditions of the pass
ing day. For instance, the new tariff
repeats the bounty on sugar, and
in consequence, say the prophets Of
calamity the production of sugar
especially of the beet root variety
must cease. That has been the con
tinuous croak of the partisan croak
ers. The answer to it is to be found in
; the fact that inOregon,in which state
the beet root is largely cultivated
certain capitalists have within the
last few days organized company
with capital of 100000, fol
the construction of beet root sugar
refneries. This is but one of the
many instances throughout the coun
, try of fact controyerting inveracious
croaking. Since the tariff question
has been settled, and it has beer
practically settled, for at least tire,
I years, and by its settlement fixeC
conditions are established and conf
dence regained, the stock market
that unfailing test of the status O
! business, has been giving the mos
assuring Indications of reviving pros
perIty, the great transportation
! companies, which are the porters o
trade, carrying the raw material t.
! the works and the product of indus
try from the mills, factories, furna
, ces, FORCES and the shops to the mai
f kets and the crossroads, have in
creased their traffic and their earn
I. ings In all branches of trade report
are favorable. From New York it i
q reported that 'in the dry good
= line many jobbers stat
that thus far during the presen
a month transactions have exceede
+ those of two years ago, when tn
+ demand was the largest in the his
o tory of the dry goods trade" Price
= it is stated, are''firm and advancing.
The boot and shoe jobbers max
a similarly gratifying report.
Shipments from Boston last wee
q were of $3.50 cases as against 81
t 900 cases for the corresponding wee
$ oflast year, of 81, S26 cases in 199
q and S0,939 in 1891. In other trade
n even in the wooden, iron, steel an,
d tin industries, which are most affec
!, ed by the new tariff, there is show
!. renewed activity.
/ Why should not the country no
!. enter upon a new era of prospesity
h The question of the currency ha
q been definitely, unchangeahly deter
!, mined in favor of sound, SAT-
n honest one, our industries have
t known settled basis to build upor
manufacturers know precisely I'll
]. conditions under which they are
Operate, American entsrpfisc, thri