The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1907-09-22
OUTLOOK BRIGHT
IN TRADE WORLD,
LEADERS BELIEVE
FinancierS Think Pros
perity VIII Continue.
Farmers Have Money.


NEW YORK, Sept. H.-Leaders in the
world OF business and finance who have
kept a close watch on the Industrial
situation for months past can see moth
ing in the future in the nature OF a
panic The general opinion is that the
country is strong and that times will
tlntinue good. The following inter
views show what leading business men
think Of the Industrial and commercial
situation.
Charles II. Flint, senior member of
the firm OF Flint & Co., and well known
in the financial world. says that this
country was in a position to withstand
a natural contraction It's w-a.tA. he
said. has never been so great as it is
today, and. while the big fortunes at
tract attention the bulk OF the wealth
Of the country is widely distributed,
which is a guarantee of the future.
Wage earners. We pointed out, have the
great deposit OF over S. 500. COO. 900 in the
savings banks. and he expressed the
opinion that the country had reached
the limit Of a healthy prosperity and
in some respects had gone beyond II.
When Limit Was Reached.
The cash limit said Mr.. Flint was
reached. there not being enough money
to continue increasing business activity
and sustain proper reserves. The labor
limit was reached when labor became
so independent that discipline. which
every leader OF organized labor recog-
nizes as necessary 70 success, was be-
ing undermined.
Whe have reached "a point where the
man who had received the largest COM
pensation for Industrial leadership re-
marked: You can sell mining shares.
put you can't sell bonds
The great business OF the country
goes on and those who have faith an
our country 5 prosperity are az sure 10
win IN the future as those who, under
the past" -
Farmers Haze Money.
Frank Tilford, president OF the Lin
coin Trust Company. and president q,
Park & Tilford. who is in close torcb
WITH banking and mercantile conditions
both in New York and all over The
country, thought thu business condition
OF the country was sound withopt a
DOUBT Collections in the country dis
tricts. he said, were good.
As president Of the Lincoln TIE.
pany' the views OF Mr.. Tilford an
SIe money outlook are INTERESTING. Ha
800 $4,000 nor mink che money market VIII
continue tight He believes fbers Ill
De a good market for money ar = go
rate put foresees no decided stringency
Passes Critical Point.
Dumont Clarke. president OF the
American Exchange National Rank 4,
OF the opinion that we have passAd
through critical financial period by,
that the situation has improved greatly
and there is now no fear OF a serious
business disturbance. Mr.. Clarke comes
in touch with the financial world
through some thirty corporations WITH
which he is associated as a director OF
trustee
~, There is a decidedly better outlook
than there was two or three weeks 20. .
ne ssld see no evidences Of a wide
spread business depression. There is no
foundation for such a feeling. Indica.
IONS pointing. to serious disturbances
II there were any. have passed away
" after e. Oaknan. a prominent finan-
cier, said: 'As Il - the crops are as
sured. and the general business Is an
parently sound but a very consfdera he
Cecr ease IN activities IS certainly to be
expected.
Curtailment, Not Depression.
Harry S. Black. president OF the
United States Realty and Improve ment
Company, said:
There IS no business depression al
the present time. but there is every in
dication Of a business curtailnent
throughout the country"
Eugene Zimmerman. the Cincinnati
millionaire. who has just returned from
Europe. said:
In Ireland ard In England I found
conditions IN many respects much be-
ter than here. The English assist and
encourage manufacturing industries in
ireland. in all the colonies. and in Eng
land itself.
Here" he said. the policy Of the
Government has been to hamper in
dustry. Yes. know II has been macfne
an attempt 10 regulate industry, but
II has been hampering. nevertheless.