The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1894-09-24
THE BUSINESS SITUATION.

The business situation continues to
improve, and the improvement to be
acknowledged. The Philadelphia Times
says:
Business is visibly helping itself. and
IL VIII improve rapidly despite all the
car m1ty-howlers and pull-backs and
reckless partisans who seem to fear
! uhe speedy return to general prosperity
IN industry and trade This improved
lde cannot now be checked by either
political or speculative interest. and
every good citizen should do his part
manfuily to strengthen public con-
ndence and benefit every class and con-
dition of people.
Ihose Who from any motive, would
now desire to check the returning pros
perlty, should receive universal con-
demnation. One of the characteristics
OF prosperity is that it is absolutely
non-partisan and confers it's benefits
without regard to politics. The cause
Of panics is largely want of conf
| dence. Those who may be engaged in
the very despicable business Of calam-
ity bowling in the hope of retarding
the wheels of reviving industry for a
time will not meet with any consider
able success, and deserve none, and
business will continue to improve in
spite of them.
NO part of the country watches the
| signs on the business horizon more
| closely than Boston. The Journal of
| that city in its issue of the 18th inst.
| in review of the business outlook,
said:
But as August is the first month of
| the present year that has failed to
| show loss as compared with the cor
responding month of 1898, even this
small gain is a welcome sign, the more
so that it is pretty we'll distributed
among the roads, more than half of
which show some increase.
Business continues to show a moder-
| ate improvement. SO far as it is still
| affected by political considerations, the
effect of the Vermont and Maine cleo
| lions is beneficial, and diminishing the
Likelihood of fresh agitation of the tar
| iff. before trade has had chance to
! adjust itself to the existing law Trade
returns from the South are particular
| ly cheerful, and at several of the chief
| trade centers of the West an improve
| ment is noted, incident to a general
stocking-up on the part of traders who
had allowed their goods to be greatly
reduced. The prospects of late corn
have been improved by recent rains,
and this is an element of cheerfulness.
The New York World of the 18th
inst. had the following:
The calamity bowler is greatly dis
couraged by the reports coming in
from every industry, but by none more
SO than by those in the woollen and
cotton and other textile industries
which have just been "annihilated" by
the passage of the free trade Wilson
bill" Suppose this pessimist goes to
the Wool and Cotton Reporter of Sep
TENDER IS for consolation and material,
what does he find?
Under the column New Mills" there
are fifteen items. One of the mills men
toned is to have $4,000 spindles, and to
be the largest cotton mill in the South.
Another, for making cotton, wool and
worsted yarn, is to occupy a building
ITO by 200 feet which structure alone
is to cost $4,000. THE plans for the
new plant" says the Reporter, "have
been ready for some time, but 1t is said
the construction of the mill depended
upon the settlement of the tariff ques-
ton 1t is located at Philadelphia.
AnOOIeI COllOil iiili, Will A'UUU SPIN
dies, is to be built at Gaffney, S. c.,
with capital of s25O,00O.
Another cotton mill. with 100000
capital, is proposed for Bath. S. c.
Two hundred thousand dollars has al
ready been subscribed
The other woollen mills are for the
manufacture of woollen, cotton, knit,
hosiery and silk goods.
In Friday mornings Herald was an
interview with the representative of
one of New YorF's largest business
houses, in which he spoke of the reviv-
al in business. Among other things he
said: 1.-THE long-expected era of pros
perity is upon the country, if the signs
Of the times are not out of joint. The
feeling throughout the East is one of
increased confidence and a determine
ton to Guido all previous Efforts
The same feeling pervades the entire
country, in Utah as well as elsewhere.
Every one should encourage it and do
all in his power to down the calamity
bowler and predicter of disaster as a
public nuisance.