Omaha daily bee., 1897-01-23
SIGNS OF GOOD TIMES.

Philadelphia Record: The skies are clear
ing. There is nothing quite so hopeful in the
politics of the United States at the present
time as the attitude of what are termed
the business interests on questions of taxa
tion and finance
Denver Republican: Everybody recognizes
that in the midst of winter comparatively
few people lay in new supplies or begin inn
proyemcnts upon their property. This is
especially true of farmers 1t is in the
spring that improvements of all kinds are
begun. AS rule IL is impracticable to do
much building in the winter, and 80 it Is
not begun in the autumn. In city, town
and country it is the same thing. The
winters supply of goods is consumed and
there must be additional expenditures.
This causes every year a spring trade and
consequently a movement in business.
New York Times: We have economical
sharply and produced in abundance Manu-
features are gaining in our exports and the
world still calls for our provision supplies.
Where she was but lately throwing back
upon us all classes of our securities, Lon
don is now selling only our hlgh-cass bonds,
which are attracted by the rise in quota
tions here She has begun to buy our stocks.
The treasury has Sal 600 of free gold.
There can be no exports for months. Cuba
will not be allowed to disturb us, either by
this administration or the next. There is
great fund of nonproductive capital in the
country which gives unmistakeable indica-
tions OF wearineSs of waiting and a desire
to seek employment. The signs that have
heralded the daybreak after our former long
nights of depression are visible in the sky.
indianapolis Journal: The close observers
OF commercial conditions predict that the
Industrial recovery this year will be similar
to the trade revival which followed the re-
sumption of specie payments in 1879 There
had been a protracted season of depression
following the panic of 1873, due to an over
expansion of credit and wild speculation. The
depression which followed continued until
the resumption Of specie payments January
l, 1879, was assured. When 1t was assured
there was a gradual picking up of business,
but it was so slow that the impatient could
not see it and the croakers shouted, Where
is the business prosperity" Important inn
provement did not appear until March. The
conditions were much the samoa large
favorable balance in foreign trade, a large
increase of the gold reserve and an accumu
lation of funds in the banks, awaiting in
vestment.
Detroit Journal Our friends who suffer
an attack of dismal melancholy whenever
n1Smanaged business enterprise goes Ito
the rocks of disaster love to dwell on the
dark aspects of the times, but they ought
to absorb a little of the elixir of hope to
cheer the return of better times. 1t hurts
no doubt to the spirit of their mis-
anthropic dreams driven away, but mas
much as they will share in our returning
prosperity they ought in all decency to
give it a glad hand True the wheels did
not start on the morning after electlon
true manufacturers did not drum the by
ways to secure workmen So soon as the
suit was announced, but prosperity is COM
ing Just the same If the snarlers and the
GROWERS and the believers will give us
time to undo their damaging work and also
take down their distress signals We will
roll the chariot of active industry along
with greater speed and certainty.
Chicago Record: One year ago gold was
flowing in a steady stream to Europe, and
the secretary of the treasury was preparing
for a 500 600 900 bond issue to meet the
drain on the national treasury. Wheat was
but 60 cents a bushel The uncertainties of a
presidential campaign were perpleXing the
business world over all broOded the omn-
Gus shadow of the Venezuelan question.
Money was scarce, and cali money at
times commanded % per cent in New York.
Now money Is easy, wheat is rising the re-
serve in the treasury is over $40, 900,
peace Is assured, new administration COM
mitted to the existing monetary standard
and a revenue sufficient for the national CX
penses is soon to be inaugurated. The
banks of the country, and especially of Chi
cago were never stronger and safer than
they are today, according to Comptroller
Eckes. BY the time spring fairly opens,
from present indications there will be abun-
dant tokens of prosperity and returning
good times,