The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1904-12-30
.B|.RIGA11OU1'LOOk..'
F0RIC0MING|YE|.A|R'|
Prominent Business Men Ven Pc
clare That Present Season I. s' q n
Prosperity Will Will Continue. ca
GREAT AGRlCU LTU RAJ WEALTH y . \
Development Of south'I55S One l,; stD'tfI
III MostsN Notable a eaturesI So '1s5 IN
III Industrial Situation S5 q. 9sS
j n Y. N

Il HAT will the year 1906 bring TO-
.8GvATI 4 lie people OF tho u United State
yAy In the we Z nte 1r prospect
@ ". bssn Ely Tha ssa Ss'
7755 sinking at times to de essl 0flj
X Ia The business and ~ q nanclal world Ii rs
II the coming year to be a5 re petit ton OF tho
y earlier months OF 1904 or the I'm.
Y proved conditions which hayo charac--
q .ferised It's close co ntnue ?$e In order ito
Il discover tho outlook from tho stand points
asof the men who are h poslt on TO- OBJ.
& geryn tndustrial and financial even ts, sl' rh-
,Elic Opinion has written to q number OF,
Y the highest al thoritics III the world q
\! business and finance asking tho 1ucs-
y tom vii prosperity continue 7,
y on the Eve Of Great Pros perittyy
INK rho reply * Mr.. Henry clcws, the
II proi,llent New York banker, Is n filled 60
with confidence That I'VE q are On 4. the
u eve OF d great business M Movement which
II insure general durslhls tti we
" coming year,
g5t The nearly Unanimous endorsement z 81
q the present administration ndicates be-
II 20 i'd doubt thnt ca pi tai land Dor 20 q
Al feel certain that Y the part In Il 20 wer Is
n worthy 5of trust and conf dence, and new
" ctitcrprtses will be launched ard old ones,
NJ NJ Ii BE willing Ito ake grent ter risks Th &c.
VI steel and Iron terests are partcniarlS
y hopeful S&a and the building trade gives
II Dr. ri,ise of great tivit y. Our farm srs
and & cot ton growers are prosp crous. $ and;
Viii spend their surplus for some u uxnries
Y and needed Machine ry, wi n II Their
& fences and barns ar,d make visits to the
ioi Ties ana Ss occasi onnily patr 70 s8 y g
u trs and circus. ma tiers seem
triflIng. but cote ma kc UP tho extra bus:
n mess which nsures profit to general
trad g. a q 8 Keeps dollars moving. take
u IA all In all 4 Il believe In my country and
81 til b people, and can foresee q Ieat ac-f
v tivity III all brancfe s d up to the d next
Il crop year at least 5 ys 58
"A Agriculture the Basis Of Pros
81 Y perity. ~.
s The agricultural wealth%of the country
81 rs shown III the great crops Of recent
y yea rs gives NJ George Nic Reynolds. the
q actl NJ nresident OF 4 tho Chicago j Board
v az Trad &. hope for the future Hc snys:
6Sss The crops or tho country con ltutes the
\ 81 sfs a 81 i our n financial and Ii commercial
We Tar Those OF 1904 ara ,inpre ccdented
v botlliSin volume and farm va I've. w FEorl:
the able reportSo Of the DEPARTING N Z 81 4Ag7i
u n culture We learn that the crop OF corn
4 aggregates Tx 900 o0O bushels, equal AZ N
value to that OF hay and wheat CONF
5;Sbined: the crop of wheat agg regates tboO.-9
III 90. 900 bushels, and al ough this IS less
st han that OF any year 81 nee $ls0o, Us r. IN
V WI JIG Ii the highest since 1Ss1; save ~,
Il 1902 the oat crop was n ever SO slar SO ~
ga, O0o.O 600 bushels; potatoes and .fS batley
"a ched their highest produc ton IN 1911
srhe secre tnryt states that farmers hens
Il nov produce 1866 900, 600 dozens OF eggs
and at the high nvera sc Trl lee of the year
~ ne hens during their busy senson, III "a
X enough, eggs In d single mont b to pay the s,
years interest on tho nj tional debt the
e crop OF rice promises q yield OF ~,
sg pound 800, 900 OOo 20 ullda more than any
IS nreylous crop; the cot ton crop aggregates
~ IRA I nan II OO0, 900 bales and liz valued,
VI Tor lint8and seed at ss6oo. 600 200. The sec
III rot ary estimates the value OF products ot
rs l1e farms during the year i gH at 9 40O
n go. O0O. q fter uding the value OF farm
OBS fed to- live stock, In orde g avoid
duplication OF values. $s VII, q
With such nI8nlagnificeht showing = as
II his, with assured peace = nome 4 ana
II ai,rond . Win. tho remarkable confidence
& entertained by the great body OF the peo.
88I,Io IN the ad1nnlstratio Ion VI OF 4. Pres dent,
Y Roosevelt confI dence which has produced
Vi nract .cals uIlarlimity, in MI sec tons OF the
II lind fay orng Industrial act yity-Twe may
4 s,.ea ably anticipate tia the record n o.
n the yearSlso5 VIII prove most gratifying q;
q AS the Secretary Of the Treasury
Sees IT.
" III reply IA IT he request for q. forecass {
M 3 & 1905. Sccre tsry Shaw refused TO y add
anything to Ills recent speech before me ~.
& New York Chamber Of Commerce IN when w "a
q no said: sf 81 i
sSs Money ! is now plenty and cheap crops
,,,3e9 ROOd.Es la Dor fl0CS
Il read Il cmploymenL furnaces are glow.
e ana hone is buoyant. II clouds 5exls y iley
ND 10 not show above the i orlzon.5 l3emenI
15ering the recent pa s. our pe opla -, az, $,
u not likely to DO seen ngain 70 lose their
* noise or to assume VI hat ! lla ascendlns
4 seal il ar prices has no limit Of ga ~
n IC& hopeful conservatism shall possess tila
f hat we are approa ching q period no. OF
Il Intuition but OF unequaled growth and
81 sour q and sane and SO 70 velopnlent ~
NJ u4 inst reckless optimism or tinld pesslnl-
SBaIainst reckless opt lms NOR tinlld pesslH.--
+ isn,, SThat we may be saved from elth
s55 ~ these extremes should be our prayer,
ri DUR aim and our consta mt and united en-
$3' Mr. Carroll D, Wright, the sead yof the
bureau. Of Labor OF tho Department Of
Commerce and Labor, does not I believe
that forecasts are either useful or reil "a
ssWh hsg III Remember the crash q May
1858, which d came out Of clearS slfy,
y Il must decline to prophecy relatlye ~
md flnarce, F ;5i4
Piling Up Our National Wealth,
4 rs rho rapid development Of our material
A resources and the increase In our pop'lla.
,s$ ton are the facts on hlch Mr.. Richard
III Edplonda. editor Of tho Bait lmore
4 Manufacturers Record, q rests his belief
in the ultimate material greatness and
n prosperity OF tho United States; 3
4 e IN 1880 the value Of the agricultural pro-
ducts of the United States, In round nuns
Y hers, was AT the rate of So. O0o,0 900 a year.
IL ana Of our mineral and manufactures
VI pro ducts 100000 OK. or q total of 2Sls,-
WI 900, 600, 900, Now our farms are Yielding
\ over SIS, 900. 900 900. and our mines and fac
tories about slb, 900 0o0, 900. q total Of S2o,r
FFINI,,, Of