Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1907-04-24
Activity in All Phases Of Bust
ness Life Will Continue An
other Year at Least
GOLD OVERLOOKING TREASURY
Uncle Sam a Real crossus - Crops
Good, Wage Farmers Busy and Good
Time. Prevail Evsrywhsrs -. Trans
a portation Lines Inadequate to Meet
81 Demands. 49,,
fRavmond in Chicago Tribune,

: - J
reports which have come into treas
sury, department OF agriculture, and
census Office all indicate that the Unit
ed States is to enjoy at least one more
year Of extraordinary prosperity. BY
this it is not meant that there is any
Indication Of a turn in the tide after,
the present year. 1t is impossible to
forecast longer than that.
The indications are as stated, how
ever, that there are to be business ac-
tivity, good demand for labor, fair
prices for money, and extraordinary
prosperity for the people at large the
country over. Some weeks ago there
was grave anxiety among financiers
In New York, and this was reflected by
government officials in Washington.
The stock market Is 8 poor barometer
{ of real business conditions, but at the
I same time the disturbance in the mon
eya market was SO general that many
people began to believe the country
was on the verge, not Of a panic, but
of s receding wave, with q contracted
demand, consequent oyerproduction,
and ultimate hard times. The lamen-
atations OF the commercial Jeremiahs
/ seem to have been based upon moth
/ ing more tangibles than depression in
/ the price Of stocks, most OF which
+ were not worth much in the first place,
coupled with inability Of several big
I railroads ito make new loans at profit
+ able prices for the alleged improve
I ments, the actual making Of (Which no
one could guarantee. N
Reports All Favorable.
Now reports are all coming In the
3other way. The prospect is for good
1 business and good crops, and In all
likelihood the year 1907 will be added
to the list OF fruitful years In the his
tory Of America which began shortly
after the Inauguration OF Mckinley
ten years ago, and which have con-
tinued from that time to this without
! the slightest indication of turn Of the
s tide.
About this time Of year It Is natural
ITO expect alarming stories(as to dam
age to fruit wheat, and pretty much
everything else. All the peaches are
killed of every spring, but they are
q in the market just the same in the
summer. Winter wheat generally has
too much snow or too little, blowing is
retarded by cold weather. or early ce-
reals are burned up by heat Miscel-
laneous calamity stories OF this kind,
as applied to crops, orchards, and live
stock interests, are good enough to in
aluence futures for day or8two. but
they do not come In contact with the
government estimates.
Thus far Indications are that there
will be an enormous crop this year Of
almost everything. The reports thus
tar made to the department OF agri-
culture are almost universally encour-
aging There has been ap~, 1rease in
acreage all along the III and, altho
the summer may bring at totally diff
ferent conditions, the farmers livestock
men and promoters of dairy and poul-
try products have right TO look for
ward to a prosperous year.
Farmers in Prosperous State.
The farmers generally have paid of
their mortgages. Now they have mon
ey In banks and some Of them are even
making loans on city property. en-
tirely reversing the dfd relations be-
tween city and country. They are in az
position to stand q temporary setback
1t would take two or three years of
steady had crops to put. the farmers in
the condition they were in twelve or
fourteen years ago.
The situation in the farming COM
imufiity has been reflected in general
business. Reports from all interior
cities are alike. They show that the
various furries in the stock market
resulting in q general reign Of almost
panic prices for speculation In securi-
ties, have not affected general BUSH
ness conditions in the slightest degree.
The banks Of Cincinnati, ST. Louis,
Milwaukee and st. Paul send in re-
ports which are similar to those re-
ceived by the great financial institu-
tions Of Chicago.
There Is plenty of money for legiti
mate business and always has been,
even during times when rates were run
up to the highest notch in Wall street
The banks In the Mississippi valley and
thruout the south have been lending
money at profit on gilt edged CONNER
'cial paper, on cotton, sugar wheat,
corn, hogs and cattle. There has been
no furry up or down in business. The
even range OF continued prosperity has
been extraordinary.
Transportation Limos inadequate.
y Up to the present time business has
not expanded as much as 1t might
have done If 1t had had more, facilities.
The railroads have been unable to
handle freight offered to them. Retail
merchants have been unable to secure
supplies from their jobbers in time to
meet the constantly increasing demand, |
and farmers during the fall and winter
have been unable to market their crops
as rapidly as they would have liked to
do. 1t has been hard TO get coal out on
the prairie, and it has been almost as
hard to get wheat from the prairies to
the seaboard.
There has been a general inability in
every lire Of business to do as much as
the demand would have justified. Stores
in cities have proved to be too small
Tor the increased volume OF business,
many firms have been unable to secure
enough delivery wagons, there has been
In express business. and
railroads are clogged beyond the posi-
bility OF their getting out from under
at any time in the Immediate future.
Nothing but business depression Will
relieve the transportation lines at the
present time. They cannot make
Enough new Improvements In the next
two or three years to put Their roads
DAA.a AAaa oaa<.hk "a hA toda.y. II 1roS-l