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Show principal manufacturing enterprises have been In a state or preparation for re-establish ment Place the change of administration was effected which gavo assurance to the people of the replacement with; a Round and constructive con-structive governmental policy or the destructive and Irritating attempts at reform which have been so disturbing In recent years. Not the least ot the evidences of favorable change, following follow-ing the advent of the new administration, administra-tion, bavo been those reflected in court decisions; those have followea exchanges cannot be attributed to ibis 1 Influence, It must reflect , improved J trade conditions, and this tact is shown by an analysis or the returns. ( With every section of the country fully prepared ror industrial and com- merclal progress; with money in al- I most unprecedented supply; credit un- Impaired: confidence abounding ana -every Interest restive because ot delay de-lay the removal of the sentimental j barrier to general recuperation win give a wondorfulj Impetus to every form of activity, i i the traditional lines or sarety; iniquitous in-iquitous laws have been rendered nugatory and the constitution has been upheld by interpretation ot Its letter Instead of the Intent of its framcrs. Court calendars have been, cleared with marvelous rapidity ot cases that have been recorded tor appeal ap-peal and principles that have been established es-tablished and upon which litigants could rely now are reaffirmed and no attempt been made either to give them a forced Interpretation or to characterize decisions contrary to tno views of the executive as miscarriages of Justice. This Is the season when mercantile buyers assemble at the chief markets to replenish their stocks or goods; their testimony Is cumulative of general gen-eral Improvement. There is no hesitancy hesi-tancy in effecting selections, the condition con-dition of the retail markets, and ot the shelves of tradesmen show the results re-sults of the winter's consumptive demand, de-mand, stocks need replenishment and this, too, to a greater extent than heretofore, the people have the money to spend and goods In large volume will be needed to Hatlsfy their demands. de-mands. Efforts have been made to magnify the Injury that will be inflicted in-flicted upon steel and iron by reductions reduc-tions in tariff schodules; the demand Is insistent for protection ot iron and steel for railroad uses upon which the operations or the mills are concentrated. concen-trated. Structural work is apparently held as of little account, but the record rec-ord shows that even during the recent years of Industrial depression production produc-tion of such material was active and increasing and, moreover, every large city in' the country shows marked progress In building operations. That unfailing baromenter of business busi-ness conditions bank clearings shows Improvement compared with last year In every city of tho country; coun-try; this record is truthrul, It cannot ho assailed, speculation Is depressed and, therefore, the increases in bank IMPROVEMENT IN BUSINESS. The Financier sees signs or prosperity pros-perity and says: There has recently been noticeable an Improvement in business conditions condi-tions which has been most markod in those lines of activity that are likely to be affected by tariff reduction. reduc-tion. It may be observed that this statement does not agree with that of the "spies" who were sent into Canaan to survey that land preparatory prepara-tory to Its occupany by the children ot Israel In their exodus Irom Pharaoh's ' oppression; nevertheless, the statement state-ment is true and it Is capable or absolute ab-solute verification. We will mention a few Instances of improvement which seems to conlirm the general statement wo have made. Larger quantities or steel have been bought for railroad use than before; such purchases would not have been made were there fear ot depression rollow-Ing rollow-Ing tariff revision. The season's crop of wheat has been marketed at a higher average of prices than In many years; moreover, exporters of gram and other commodities have realized more for their bills of exchange when they have been converted Into credits than has been the case In many years. Thoso miATnootoH ronnlta nf thn n nn. cultural industry havo encouraged In creased acreage for tho coming season, sea-son, they have further enriched the farmers, contributed to tho creation of new capital and credits and pave-d the way for general recuperation when the tariff bogy shall bo laid. Such results re-sults may, however, be regarded as largely sentimental; they are, thougn, wonderfully substantial. Money has been gathered Into ban to there to await the signal for lis employment, when buslnodfl shall revive; the lunds have contributed to the offering ot money to mercantile borrowers at lower rates than for a decade, thus providing means lor the procurement by manufacturers of raw material tor conversion into finished goods ana, what id of greater importance, enabled en-abled mills to bo operated on tuLI llmo with an undiminished wage scale. It Is true that monetary congestion has been one of the results ot the injection in-jection or this newly created capital into our currency system; congestion is. however, Infinitely prererable to stringency, which has a widespread deranging effect upon every Important interest; the former is correcuoio without causing distress, while tho latter Is destructive ot values and Imposes Im-poses oppressive burdens. A caretui survey or the field of activity discloses Improvement everywhere; this indicates indi-cates confidonce and encourages renewed re-newed efforts to promote prosperity. The coal. Iron and steel and all the |