Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-10-27
PROSPERITY RETURNING.
Improvement In business Since the Pas
sage of the New Tariff Blll.

sage OF the New Tarin blll.
Special reports from the most impor'
tant Industrial and trade centers OF
nine great states west of the ALLIE
yhanies all concur substantially in
SAYING that there has been a decided
Improvement in business since the
tariff bill assumed its final shape and
became assured.
In some localities the drought has
affected trade rather seriously, but the
people know that the democrats are
not to blame for that, whatever re-
publican stumpers may say. From
most points the reports are decidedly
favorable, from others they are only
moderately SO, while from some they
are positively rosy. About the only
case Of blues is reported from South
Bend. Ind, Even there the worst that
can be said is that industrial i%nactiv-
ity is anticipated after a busy summer,
The story is told in one sentence:
while nearly all of tho larger fac
tories have had big forces at work all
summer. it is understood that in sever
al instances these forces are not as
large now and the prospect is that
they will be smaller by the beginning
or middle of winter"
This is the very worst reported from
any point by correspondents who were
specially cautioned to state facts with
ont bias or coloring. From some points
OF great Importance, st. Louis for in
stance, the reports are that business
has not been better at this season for
years. Taken all together, the re-
ports show, to state 1t very moderate
ly, that from Pennsylvania TO Colorado
and from the Ohio river to Canada
business has already improved, the
volume of trade is larger, and indus
trial establishments are doing much
more than they were from four to six
months ago, There was no such i'm
prOvement in SO shor. a time after the
panic of 1878, when there was no tariff
reform and the republicans had things
all their W way.
And the clearing house returns con-
firm for the whole country the reports
of correspondents for this great cen
trial group of states. Outside of New
York the clearings were greater in
both August and September than they
were in the same months last year, av-
eraging about sixteen per cent. greater
for the two months. They we're less
than in 1891 and 1892, it is true, though
not so very much less than in 1891.
But those were the boom years pre-
ceding the panic, when speculation
ran high, credits were greatly ex.
banded and clearings were consequent
ly large beyond precedent. The vol
ume of business as indicated by the
clearings is already up to the average
for some years before the speculative
boom.
In the above statement the New York
clearings are not considered. There
there is still a much smaller volume
apparently than there was a year ago.
But that is due in part to a smaller
Nolume OF stock transactions, and in
part to the fact that the clearings of
these transactions are now made
through the stock exchange clearing
house and do not appear in the regular
bank clearings. There is reason to
believe that the volume of strictly mer.
camille business is increasing in New
York, as it is in most other cities.
There is no room at all for doubt
that the country is once more on the
up grade and making rapid advance
on the road to prosperity. No such
early and rapid recovery from panic
depression has occurred since 1857 and
1888, when the country was nearer to
free trade than at any time since the
decade of the century.-Chicago
Herald.