The Montgomery advertiser., 1907-04-20
'c ICA,s PROSPERITY.
Leaders of Broad Material Develop meat Give Substantial Reasons
 for the Optimistfc Outlook.

l ment Give Substantial Reasons
 for the Optimistic Outlook.
 Baltimore. Md, April 19.--(Spectal) -The great leaders of Americas indus- 1 trial upbuilding. the real captains of l industry, in special telegrams to The Manufacturers Record. filling over sev- | en pages of this weeks issue' sell l story of optimism as to present pusi- ness conditions and the outlook for the | future which are stimulating and give new courage to every business man Throughout our broad land. Here and
 there Is heard note of warning against
 too much restrictive agitation against railroads especially, and corporations m general. Here and there Is sounded a note of conservatism based on the
 Increasing demand for labor, but as a
 whole the story from the greatest bus
 mess concerns in America IS one or
 broader optimism. tinged by less pess-
 imism. than could have ever be1ore
 in the history of our country been writ
 ten of every section and every line or
 industry. The conditions are fairly outlined in the views expressed by sucn renresentative concerns as the Carnegie Steel Company, who can see nothing hut continued business prosperwy ahead: the various Westinghouse iie- | terests. who find indications or more than a duplication of last years record breaking business; the Baldwin Loco" motive works, which say that the pur- chasing power of the people Is unpre- cedented and furnishes ample activity in every line of commerce and industry and the Studebaker Brothers Manurac- turing Company, representing the Gen. tral west, who contend that anyone
 nred,ctinr at this time clouds and
 thick darkness lacks faith in his coun-
 try. -.-.,
 The note of exuberant cheerfulness
 is sounded all along the line by men fully qualified to speak authoritative Nv as to conditions in steel and iron.
 in lumber and leather, in textiles con crete machinery, municipal improve ments and building supplies. Their telegrams deal not only with con tinuance of the present wonderful pros
 perity but of the future widening de- yelopment of the industrial activities
 of every section. It Is quite noticeable
 that A number volunteered the state
 ment that collections are exceptionally
 good, while others point to a steady growth of their foreign trade.
 These telegrams show that the great husiness leaders of the country real ize the solid foundation on which Amer ican progress Is being built. They re- oognize that our chief danger Is not in A lack of business. but in lack Of the
 machinery of transportation, and that the only danger on this point is that
 restrtvtive or hostile Legislation may
 retard expansion of exportation facil- ittes commensurate with the vastness
 of our business expansion. It should he horne in mind that for the first time 1 In American history prosperity is uni | form: 1t is found alike on the farms | of the South and West. in the trans portation interests of the country, Tn | the iron and steel and machinery | branches of trade and in the textile industry. Nowhere is there weak ix, hA | years of nearly $S,000. 100000 in the
 value of the farm property of the coun- | try. A gain which in itself is equal to | one half of the entire capitalization or | the American railroads, and almost ten | times as much as the aggregate na- | tional bank capitalization of the coun- | try we have a conception or the pre- | eminent financial solidity of the agri- l cultural interests of the country. With | prosperity on the farm and in the fac- 1 tory. with labor in demand as never
 before and at higher rates of wages than known in the past. with railroads l taxed beyond their ability to handle l tha traffic offering, with the furnaces l and foundries and machine shops and factories of every kind pressed to the | utmost limit of their productive apll- | tty to meet the demand upon them,
 surely there Is justification for the
 statement that whoever at this time | predicts clouds and thick darkness | lacks faith in his country" or that
 still more striking one. that the
 croakings heard from time to time are
 but the wailings of the disgruntled or l battered"
 | Just one paragraph in closing which
 may be taken as the common sense
 view of a great business house which
 reports unusual activity. and to this
 adds: Psychological laws prevail ev-
 anywhere. and they say emphatically | if you talk bad times you will get bad
 times" Without the spirit of optim- | ism which rules the land 1t would be | impossible to voice a feeling of optim-
 ism such as these foremost concerns In
 America's upbuilding have so strongly
 presented. and the spirit of optimism
 may we'll find expression at this time
 in the voice of the optimist being 1 thrnhinrhnnf fhn land