The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1894-09-21
REPUBLICAN TESTIMONY.
Business Prosperity now Assured. The
Calamity Howier Scored.

ing editorial, which predicts a new era
of real, steadfast prosperity
1t is both interesting and instructing
to contrast the deliberately expressed
opinions of genuinely representative
business man, unusually competent
and experienced, with those of the
disiointed thinkers" of the radically
partisan organs which daily proclaim
that there is and that there can be no
revival of manufacturing and CONNER.
cial activity, for the season that, with
the repeal of the Mckinley act, pros
perity took its fight from the United
States never to return again.
Mr.. Chauncey NJ. Depew, staunch
and radical Republican, who is held
in such high esteem by his party as to
be considered by its most distinguished
leaders as fit candidate for the high
est national and State political honors
said to the Homburg correspondent
of the New York Herald, on the 9Th
| inst
"The settlement of the tariff ques-
ton is the beginning of new era of
prosperity Confidence is res.
tored-that means everything to us.
The industrial energy of the 10000
900 people in the country, not yet
fully developed, is resistless when
credit and stability are assured.
"The consuming and purchasing
powers of this homogeneous popula-
tion make prosperity for every busi-
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 IS93-o4 will be forgotten,
Mines, furnaces, mills and factories
will be in full operations railroads
will be conveying profitable traffic,
and the movement of internal COM
merce and the free circulation of
currency or the equivalent in business
and wages will certainly increase the
demand for everything produced upon
the farm or elsewhere
| M. 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 broadest, most
practical meaning Of the term, and,
as such, his opinion regarding the
business of the country is worth more
than all the croakipgs of all the reck-
less, unthinking, INSCRIPTIONS 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 judgement and
| from prolonged, informing experience.
What Mr.. Depew says is confirmed
not only by reason, by common sense,
| by the character, .the enterprise, the
energy and the intelligence of the
American people, but by the actual
business conditions of the passing day.
| For instance, the new tariff repeals
the bounty on sugar, and, in conse-
! quence, say the prophets Of " calam-
ity," the production Of sugar, especi.
ally of the beet root variety, must
cease That has been the continuous
croak of the partisan croakers the
answer 10 il is TO be found in the fact
that in Oregon, in which State the
beet root is largely cultivated, certain
capitalists have within the last few
days organized company, with a
capital Of 81, 900, 900 for the construc-
tion Of beet root sugar rehneries.
. This is but one of many instances
throughout the country Of fact con
troverting inyeracious croaking Since
the tariff question has been settled
and it has been practically settled for
at least, three years, and by its settle.
ment fixed conditions established anG
confidence 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 com
panies, which are the porters Of trade
carrying the raw material to the works
and the products Of industry from the
t mills, factories, furnaces, forges anc
shops to the markets and the cross
J roads, have increased their traffic anc
their earnings. In all branches o
5 trade reports are favorable. From
, New York it is reported that in thC
/ dry goods line many jobbers stat,
: that thus far during the presen
. month transactions have exceeded
: those of two years ago, when the de
: mand was the largest in the history O
a the dry goods trade" Prices. it i
S stated, are firm and advancing.
= The boot and shoe jobbers make
similar gratifying report. Shipment
J.. from Boston last week were of 80
e $50 cases as against $1,000 cases TO
e the corresponding week of last year
of S4,Ss6 cases in 1892 and So,o3
e in 1891. In other trades, even ir
the woolen, iron, steel and tin indus
t tries, which are most affected by tn