The evening times. [volume] (Washington, D.C.) 1895-1902, 1902-08-27
no False Dividends.

Although prices may LOOK HiEn now
in contrast with past quotations, I be
Iieve that prices are relatively lower
and stocks intrinsicaIy more valuable
than they we're six years ago Our rail-
ways have improved roadbeds, on which
heavier rails are laid. new rolling stock,
and improvements OF every kind, TO
provide for the safety Of passengers and
to insure economy OF administration.
Earning capacity has increased. and the
success OF the crops has made dividends
certain. I know OF no false dividends
declared for stock-jobbing or other pur-
poses, but I do know Of railroads that
: have been earning u per cent and pay
ing a conservative dividend Of 6 Ali
our railroads have plenty Of money in
their treasures and have spent money
wisely enhancing the values Of their
properties
DO you see any menace TO q coutinu-
a1ce OF good times2"
Outside OF some great and unexpect-
ed calamity I can see nothing which
might disturb the upward trend, except
= possible money stTingency.
Good Demand for All Our Outputs.
There is no reason why We should
have a striugency, but 1t might come
from the lack OF money to handle the
great crops which are TO be brought 70
the market The Treasury Department
hast taken steps to meet this situation
Good fnanciering viii meet Il Any IN
fortunate results we might have would
come, not from the actual shortage of
money. nor because of the interest which
II may demand in such time, but from
2 feeling OF alarm among people that
they may not be able TO get sufficient
money to finance their speculations and
their trades Apprehension is an eIe-
ment in the stock market which must 5e
dealt with
We viii have good markets for our
crops. They viii command good prices.
The crops in England, Germany, France.
and Austria are poor The estimates are
lower than in previous years. Since ]
came home from England I learn that
the most recent estimate there shows
even poorer crops thu they calculated
OF month ago.
America the Paradise Of Earth
Nj Keene saw something Of the life
Of the laborers in Continental Europe
The condition OF the Iaboring classes
in Hungary. Austria, and parts Of Ger
many is really pitiful,' he said The
rate OF wages barely admits OF exist
ence- When saw the workmen OF those
countries I wondered what we would DC
without tariff.
America is the paradise OF earth
Here is the greatest return offered TO the
man who has muscle or brain to market
Here is the place for the man O. am
bition 70 discover that energy and worth
ind their way 20 the top more sudden
y than anywhere else on earth"
Though Mr.. Keene has just come from
2 three months stay in Europe he had
this 10 say about home and foreign
travel
Il Americans would stay al home and
spend here the money that they spend
abroad, in five years We would have tbs
richest country the world has ever seen
Let Americans develop their own water
ing places and see their own country.
Good roads viii bring TO America
large degree Of prosperity. All the road:
IN France now are as good as our roads
IN Central Park The Freachman jour
neys about il his own land By autOmo.
bile, zap. OF other vehicle. sees and ap.
preeiaIes his country, and spends hi.
money there. Let Us have such road.
il America and the benefits VIII D,
everlasting.