The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1895-05-17
THE BUSINESS REVIVAL.


From all sections of the country
come reports of vastly improved con-
ditions in all manner of business in |
terests. In the WOODEN mills of New
England and in the mines and FORCES
of Pennsylvania alike there is increas-
ed activity and much more hopeful
outlook In multitude of factories
in these places and elsewhere wages
have been voluntarily increased from
10 to 90 per cent. Prices are advanc-
ing all along the line both in agrcul-
tural and manufactured products, and
as result there is much more activity
in the markets. Wheat, cotton and
beef are each worth fully one third
more than they were two months ago.
Probably it is safe to say this advance
has been almost entirely made within
the last month. 1t would seem as if
the increased abil' ty of farmers to buy
had an almost instantaneous effect up
on the values of textile products and
hardware for these articles instantly
revived when bread and meat became
dearer.
Even better than the actual resump-
ton of business, and perhaps tending
in a large.measure to bring it about,is
the hopeful spirit of our people for the
future. They have at no time lost
faith in their country, but have only
regarded the depression as temporary
bearing their privations, SUCH as they
were, good-humordly, and now when
conditions have become favorable
they have concluded that the end of
hard times has been reached, and are
reviving business with confidence in
their country and themselves, which
is in itself first class assurance of
better times now and a prosperous
future. Any man who wants work
now can find it, and fair wages as the
reward of his labor.
Thoughtful men have seen this
state of affairs coming for months ; in
fact, everyone supposed that the hard
times would come to an end some day,
but it is fortunate for the Democratic
party that the business revival has
come about during their control of
the government and before Republi-
can Congress could claim the credit.
The Republican manuf. .cturers Of
campaign thunder were Industrious
in trying tho shoulder the RESPONSE
billy for the panic upon the Demo
cratic party, even before the Demo
Gratis had had time to enact solitary
statute. Will they be prompt now to
give credit for the business revival
which has certainly come as the result
ofDemocratic legislation? The causes
of the panic and of the return of pros
perity, as far as they have been affect
ed by legislation are we'll set forth in
the following portion of an article
from the Baltimore Sun:
The panic and stagnatiop through
which we have had to pass were I'M
questionably due to causes that ORR
ginated during President Harrison's
term in this and other countries. The
uAOAlhlCy lOO W lCSSOl OOl Us.
but in doing so it cut off needed re-
venue and discouraged the exporta
ton of agricultural products. Its high
er prices-protected from foreign com
petition-fostered trusts, diminished
the ability of the people to buy and
demoralized business generally. 9th
er legislation of the Harrison admins,
tration portended financial embar-
rassment. The dependents pension
act and other extravagences of the
billion-dollar Congress increased vast
ly the current outgo from the treasury.
At the same time the Sherman silver
act Slapped confidence at home and
abroad in the ability of our govern
ment to maintain good payments
The result might have been anticipa-
ted. Diminished income with in
creased expenditure and prospects of
debased currency brought panic and
disaster. Signs of the coming storm
were visible during the last months
of the Harrison administration, but it
arrived in its full fury only after Mr.
Cleveland had taken the helm of state
1t devolved upon the Democratic Pre-
sident to cure, as far as practicable, the
evils due to Republican policy and re-
store the country to the prosperity
which is now beginning to smile upon
the land.