The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1897-04-03
BUSINESS IMPROVING.
FAVORABLE REPORTS FROM
EVERY DIRECTION.
Democrats and Republicans Unite i'm
Welcoming the Dawning Prosper
ity-Mnny Idle Mills and Furnaces
Are Reopened.

I'VE md In the Soutn uuily eViuences
of growing trade revival, and being
sanguine people, we hope that an era OF
general prosperity is at hand. In Georgia
the great majority of the cotton mills are
running, giving employment to 1000 or
5000 people. We have about 100000
spindles in operation, but l must admit
that the price obtained for the manufac-
tured product is not satisfactory. Now
that the financial question has been set
tied for the time being at least, general
attention will be given to trade conditions
with beneficial results. do not care, how
ever, to make any suggestions as to how
trade can be Immediately benefited. That
would embrace discussion of the ques-
ton of currency reform, to which cannot
devote the time at present. From inter-
view with Senator Walsh. Democrat.
Business has been resumed. thrill
has gone through every artery and nerve
of the commercial world. The spirit or
enterprise has gone forth. The sun is in
the sky and the clouds are disappearing.
With manufacturers it is becoming
question of how much rather than how
little to do. This is glorious condition
and indicates an absolute reversal from
that which obtained year ago. A list Of
all the mills and factories which have re-
| sumed operations since the November cleo
| ton would be a very long one and the in
crease in their number will continue un-
questionably throughout the spring
months. The collapse of the iron pool
| seems to have been the determining factor
| in the stimulation of industrial energy ev-
| erywhere, and that was brought about by
| the impact of an irresistible demand up
| on the accumulated stocks. Everybody Is
now going to market.-Macon (Ga) Tele-
graph Dem.).
The answers to very general inquiry
regarding the conditions of business are
not jubilant, but they are buoyant and ex-
press the opinion that some Improvement
] is dscernible. Although deficits continue
to be shown in every monthly statement
| of the treasury, the condition of the treas
ury is strong. The best indication of con-
| fidence is the gradual increase of the gold
reserve in the treasury. 1t is now nearly
| so per cent more than the $1O0,OOO,0OO
| which custom has established as the limit
| A year ago the question which agitated
| the business of the country was the posi-
biity of maintaining the gold reserve be-
| cause of the raids made upon it. No one
thing so seriously disturbed the business
of the country as the Gear that the treas
ury might fail to continue gold payments.
That fear has passed, and the return of
confidence is indicated in the preference
of those who have money for greenbacks.
Confidence in the monetary situation Is
the foundation of all improvement in bust
ness. Another favorable indication is our
improved foreign credit. Our securities
are no longer returning for redemption,
and the drift of trade in our favor has Gre
ated large and increasing balance on our
side of the sheet. Manufacturing indus
tries are looking up.-Indianapolis Jour-
nal.
In general trade the encouraging symp-
toms continue to outnumber the discour-
aging. The net impression of the past
week is one of distinct improvement. This
is particularly obvious, as the daily dis
patches have shown, in the iron and steel
situation. Bessemer pig iron. steel billets
and steel rails have all advanced in price,
under the influence of sharply strength
ened demand, and there has been a re-
| opening of many idle mills and furnaces.
Boston Journal.
From every direction comes the cheer
ing news of the starting up of idle shops
and mills or an increase in the production
of those already in operation. Yester-
day the Candee rubber footwear plant. at
New Haven, Conn, employing 200
hands; the Riverside Steel Company, near
Parkersburg, w. Va, employing l 800
men; the Farwel Worsted Company, at
Providence, X. l., employing 500 hands,
and the silk mills at South Norwalk,
Conn.,. resumed work after long period
of inactivity, and the repair shops of the
New Haven Railroad system in New Ha-
ven, Providence, Taunton, Boston and
Hartford which employ 5000 men, have
begun running ten hours day. The Sill
yer Spring bleachery, at Providence, en-
ploying $50 hands, and the large yarn
mills at Centreville, r. l., employing 1000
hands, have commenced to run full time.
Before the present week closes other fac
tories all over the New England and Mid
die States will again be in operation
New York Commercial Advertiser.
Genuine improvement in business does
not come with rush, like the breaking Of
n great dam. The growth for some weeks
past has been more encouraging, because
in nearly all lines 1t has been gradual and
moderate. The rupture of the steel rail
and other combinations In the iron bust
ness has brought out a vast quantity of
trade which had been held back, and has
set many thousand men at work, while
the slow but steady gain in other great
industries has given employment to many
thousand more, but the full effects will
not appear until the increased purchases
by all these swell the distribution of goods.
This comes more slowly and later, but Is
already apparent.-Dun's Review.
President Mckinley can do much to in
spire confidence, but taking the oath of
Office as President gave him no magical
power to bring to the country universal
prosperity. That depends very much up
on the legislation of Congress. II that
body fails to enact the laws which he has
80 clearly suggested In his inaugural, his
administration will not be attended with
that measure Of general prosperity which
the intelligent people Of the country have
a right to expect. The President has done
all that he can do for the present. He has
indicated the legislation which he deems
necessary and he has called Congress to
: meet. Those who are In full accord with
him in Congress will have bills prepared
and will promptly make them laws IL they
are not hindered by hostility In the Sen
ate.-Exchange.