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 said:-


We understand In view OF what took place three
years ago last month tho necessity OF providing some
method for counting these votes We cannot as CON-
mon lovers OF our country and patriots stand
by this government, pass over the duty OF providing
against such dangers as lie right at the door. AS
said before, any plan is better than none almost


1t would seem that Senator Morton might, ir he
chose, have claimed the paternity the present Elec-
toral bill, which, however, he vehcmenty opposes.
He certainly more clearly and onener any other
man, set forth the danger must arise 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 PRx.


DrcrEp.


An influential New England manufacturer. who has
been here for some days, remarked In conversation
to-day, that II the Electoral 5 becomes law and the
Presidential dhcuty Is thus pcaceabiy and hcnorabiy
settled, II would be . certain OF immediate
and general revival OF business and tha, this would
continue and grow up into lasting prosperity. Con.
eress would adopt . sound financial policy. He
nnds hero disposition 10 90 this only
the Presidential muddle ca1 be got out Of





members, that his plans meet with favor One OF
these is that proposed by Secretary Morr. 10 offer
redeem the greenbacks al the option OF the holder IN
a four per cent bond, those thus redeemed be
celled. Tho other advocated by Mr.. SchIeicher, Of
Texas to retain certain proportion OF the green
bncks pad In taxes and deposit them part OF the
Sinking Fund The FIRST OF these plans would proba-
bly, get the favor Of those who are opposed to any
iorcblc contraction as II would operate only as lar
the money market would mako redemption profitable.
He adds that the position OF the country is in
every way favorable general OF Industry II
only confidence In the future Is restored The crops
OF the year are all either ample very large. The
corn crop within two per great the I'm
mense crop 1875 and IN 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 was combined with
larger production than ever before Of food supplies
by the Southern States Wool has passed the extreme
point Of depression, and is bringing fair prices. The
sugar crop OF Louisiana was enormous, ana is selling
at fair prices Leather has passed tho point OF de-
The exports large at FULL and tho
price advanced from four to six cents per pound
with the home demand brisk. All the New England
cotton mills which up to the times now able 10
earn dividends and the aggregate export OF cotton
goods Is larger than before the and steadily
though slowly, increasing. The most Important sign
OF all, in his view, Is the sonse Of stability and
hopctunes for the future, In case the Presiden-
tia difficulty is peaocably settled feeling such
has not obained since the panic of 1873, ana which
reaches every important branch of industry This
feeling only needs the settlement of tho Presidential
question: and then Of tho currency question: he thnk
to take effect In constructive enterprises OF all kinds,
to make up for the complete stoppago OF all such
dertakings during the last two threc years. Thus
he thinks, labor now unemployed would Immediately
find employment In the building of new mills, ware
houses, railroads and other large works