Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-10-06
psv,vAI OF INDUSTRY.
Business Booming Since the Reduction O
Protection Prices.

Business Booming Since the Reduction "i
Protection Frices.
The marks of a business and indus
trial revival ARE on every hand lac
omens are everywhere. The IDLE
manufactures are reopening; dealers
are preparing to take their output the
banks are extending their lines OF
discount
The freight traffic OF the railroads
the iufallible indicator OF industry ana
trade-shows q decided Increase II
growth of business is actual, not reta-
five merely, as compared with the de-
preston produced by the strike Inc
increase is a normal development OF
activity, owing to improved CONNER
cial conditions, 1t is based on re,
newed confidence, a general revival
and the incoming of better times
The weakest point in the general
business situation is the continued
low price OF wheat, which has been
regarded so long as the chief American
staple product for export next TO cot
ton. The wheat crop now being har-
vested is fully up to the average, and
big crops are reported from all the
wheat countries. Wheat nov has to
be produced in the United States in
competition with countries which EN-
ploy cheap coolie labor in tillage' A
new era of high prices for wheat is III
possible unless the coolie wheat crop
shall fail for q series OF years.
But other agricultural products
bring good ~prices-not extremely
high, but prices that yield a fair profit
over the cost of production. Agricul-
tural prosperity in this country must
be maintained through diversified
crops. Farmers cannot rely upon n
staple. Stock raising, dairy farming
and variety in field crops must be the
policy of the agricultural population.
By having something to sell at all
seasons at all the different markets
the farmer will always get fair re-
turns, and he may in some years get
dlllOSk Eltl VI oilC va hio SabBS 'hA~N
is IA failure elsewhere.
The full volume and sweep of the
commercial and industrial revival have
but just begun. The reports from the
commercial agencies and from the
clearing houses, which are printed in
the daily papers each Saturday morn
ing, indicate the extent and direction
of the increase from week to week.
The last reports, August 20, were en-
couraging, Those of September /
show greater progress. Each favor
able report stimulates trade in all di-
rections, causing still better reports in
the future.
The political and partisan special
calamity rumor in the republican
press, relating to the effect of the new
tariff on production and trade, are
colored and false, and are contra
dicted by the dispatches in adjoining
columns Of the same papers. There is
not going to be any cut in wages
necessitated by the tariff. II wages
are reduced in any locality or branch
of production 1t is in mere wantonness
and on false pretexts. Wages were not
increased when the Mckinley tariff
went into effect, and there is no good
cause for diminishing wages on the
expiration of the Mckinley tariff.
With booming trade, the advance
wave of which is here, with the busy
wheels of industry again in motion,
with the transportation lines pressed
to their greatest capacity in carrying
the products of the country to market,
with the boarded funds of the banks
placed in the channels of trade, the
gloom of the last Mckinley year will
vanish; the material and moral effects
Of the strike will disappear; the light
of prosperity Will be reflected from
every point of the horizon, and u new
epoch of growth, Of progress, Of thrift
and increase will open on the.country.
Chicago Herald.