Year: 1877

been the better judgment members Of the two houses
~ different periodic OF our history.


Finally, on the same day, and in his last remarks
urging his own bill, he sald:-


We can understand In view OF what took place three
ago last month tho necessity OF providing some
method for counting these votes We cannot, COM
by this government, pass the duty OF providing
against such dangers lie right at the door. AS
said before, any plan 10 better than mono almost


1t would seem that Senator Morton might N be
chose have CLAIMED the paternity OF the present Elec-
toral bill, which, however, he vehcmently opposes.
He certainly moro clearly and oncner any other
man, set forth the danger which from eav-
ing the count to tho President OF the Senate


THE BUSINESS PROSPECTS OF THE COUNTRY


WHAT DEPENDS ON THE SETTLEMENT OF THE


PRESIDENTIAL MIDDLE AND THE FINANCIAL


QUEsTIoN-AN ERA OF PROSPERITY PRE-


DIcTEp.


An influential New England manufacturer. who has
been here for some days, remarked, In conversation
to-day, that II the Electoral bill becomes law and the
Presidential diouty thus peaceabiy and hcnoraby
settled, u would be certain cause OF au Immediate
and general revival OF business, and that this would
continue and grow up into lasting prosperity. Con-
eress would adop, . sound financial policy. He
0nds hero disposition 10 90 this II only
tho Presidential mudde cau be got out OF





members, that his plans with favor. One OF
these is that proposed by Secretary Morr! 10 Offer 10
redeem the grecnbacks the option Of the holder IN


four per cent bond, those thus redeemed 10 be
celled. The other advocated by Mr.. Schleicher, Of
Texas TO retain certain proportion Of the green
backs pad Ia and deposit them part OF the
Sinking Fund The hrss OF these plans would proba-
bly, get the favor OF those who opposed to any
iorcblc contraction, as would operate only lar
the money market would mako redemption profitable
He adds that the position Of the country lie In
every way favorable to general revival Of industry
only confidence In the future is restored. The crops
OF tho year are all either ample very large The
corn crop within two per cont great the I'm
mense crop Of 1875 and the form OF pork bringing
good prices. with good foreign demand. The wheat
crop is good. and sold at paying prices The cotton
crop was large and profitable, and combined with
larger production than before of food supplies
by the Southern States. Wool has passed the
point Of DEPRESSION and Is bringing fair prices The
sugar crop OF Louisiana was enormous, selling
at air prices Leather has passed tho point Of de-
preston. The exports large at iu prices and tho
price has advanced from four to six per pound
with the home demand brisk. All the New England
cotton mills which up to the times now able
earn dividends, and the aggregate export OF cotton
goods is larger than before the war and steadily
though slowly, increasing. The most Important sign
OF all, in his view, is the Of stability and
hopeulnes for the future, In the Presden.
tial difficulty is peaceably settled; feeling such
has not obtained since the panic of 1873, which
reaches every important branch of industry. This
feeling only needs the settlement of the Presidential
question: and then Of tho currency question: he thinks
to take effect In constructive enterprises Of all kinds
to make up for the complete soppago OF all such
dertakings during tho last two or three years. Thus
he thinks, labor now unemployed would Immediately
ind employment In the building of new mills, ware
houses, railroads and other large works