The Superior times. [volume] (Superior, Wis.) 1870-1912, 1897-07-31
ECkEL'S BRIGHT VIEW.
Comptr roiler OF the Currency Writes
About the Improvement
in Trade.

New York. July 2I.-Jamcs EckelS
comptroller Of the currency in the Cleye
land administration. and whose term OF
office has not yet expired. sent the follow
ing letter 10 the New York Press:
Il am confident that Whatever change
now occurs in the business conditions of
the country Hill be for the better. Some
time since we reached Il point in ouI
financial depression where further decline
seemed Impossible. Then came a period
of dead level, and now. however slow
the progress made. il is certainly on the
upgrade. Is long as if was determined
by those responsible for governmental at
fairs that there should he q complete re
vision of the tariff. ] think it was wise tc
have q session of Congress to make that
REVISION at the earliest practical moment.
Whatever may bH the merits or dement's
of the new act, the fact that its passage
Establishes the law upon the subject l.
settled, which At this time is the really
important thing to- the business world.
W lth The basis upon which manufaC
turing and trade can be carried on there
will of necessity he II revival in many
hr.achCs. the effect of which will be felt
III all Then. too. tn" evidences of Unu-
Suai crops. with apparently guaranteed
good prices and markets. must tend to
aid III an Improvement of financial con
ditions. 7 he agriculturiSt here is given
an additional market by the failure of
the wheat crop abroad. Such state of
improvement is reflected in the increased
earnings OF the granger railroads i'll the
West.
'All this. of course. means something
to all who are connected. either directly
or indirectly. with these great interests
| have of late talked with many bank
ers and business men from various sec
tons of the West and Northwest, and
all seem to agree that the people gcn"r-
ally are i'll Il better situation for an i'm
proved condition of business than foI
many years, and that i'll many Instances
that improvement was on. \ member of
one Of the large bond houses of the couu-
try told me a few days ago that his cor
poratIon, having offices i'll Chicago. BrS
ton and New York, had done a larger
business in Juno than ever hCfor" III it,
history. Other instances have come tr
my attention.
Il think the country generally Is to h'
congratulated that the best "yidcnc"S of
Improvement are to he seen in the West
and South, where heretofore tn" com
plalnt has been of the poverty and
depression seen among the agricultural
classes. 1t seems to be agreed that in
the states west of the Mississippi there j.
a marked change and hopefulneSs here
tOfOre wanting. That hOpcfulneSS * ac-
c"ntuated by mortgages Cancelled and in
creased price for farm products, coupled
with abundant harvests.
IF now the peopl" could be free of
agItators and the individual citizen giv"u
Il chance to attend to his individual huSI-
ness without the burden of supcrintcnd-
ing reryhody clSc's. the country would
again be the one great profitable field of
investment for the surplus capital of tn"
world. As 4 guarantee of this it is only
necessary TO have, rs controlling our
i
practice public ana private economy,
maintain harmonious relations between
capital and labor, ridding both of tn"
danger of the professional drmagocuc
carry on business in Il business way and
b" strictly honest in dealing with those
from abroad who arc willing to place
money i'll American enterprises. Will"
ON" sharp trick upon Il foreign investor
gains profit in that instance to the one
who engineers II. II hurts in twenty 9th
or instances, and gives the Who'll" Coun-
try Il thoroughly bad reputation