The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1907-09-27

II you VIII look at the clearlngs ~
showpin the same sheet for the years
1904, 1905, 1906 and 1907, for the last
week Of August, you will find a con:
slant progression and increase in all.
the country outside Of New York City.
This shows that business is still Inn
proving in the country at large, and
that the liquidation has not seriously
reached as yet the country outside Of
its financial center and while there
may be more OF a depression 1t will
take avery large reduction to bring
it down 10 the business of three years
ago, orto the place where 1t will serl;
ously affect tie mills foctor!es and
labor. think we can safely say tha.
business SO far has stood under yarl:
GUS calamities such as earthquakes
fires, severe liquidation, and excite,
ment Of the people, and that there IS
as much doing in the country to-da5.
as 1t has facilities fol-.
The real question that troubles US
is, what of the future? And here am
inclined to be optimistic; not that. I
think for an instant that the rate Of
increase for the past Ave years can 90
on for the next Ave years; neither
should we wish It. The railroads would
be swamped with business. the Fac.
tories would be forced to work over
time, and the banks could not take
care Of their demands, but there Is a
vast difference between this wild, ex.
cited state of ever.lncreasing busl;
ness and a steady continued progress
sion where each and every one has
what his facilities enable him to do
comfortably, where labor is well en-
ployel, and yet not SO crowded but
what 1t cal give good service and fais
results, Let US look at some Of the!
things that have happened lately
which would lend strength to this con-
cluslon: First Of all we might con-
slider the sale Of the New York City
bonds as the turning point in our A.
nanees. 1t is true that they have.
sold at high rate Of interest. Every
one knew that with the demands that
are gon the capitalpof this county.
such a large sale, even with the credit,
of a city as good as New York, would
demand high interest one of the good
things about this high rate OF inter.
est for city bonds which will spread
all over this country it that it will.
tend to make our city officers more
careful in their expenditures. Tile.
people viii watch aud criticize the
same more, and thereby the extraya9
gance Of municipal expenditures will.
be checked. and it is time they were.
checked, for they have ouSrun all rea.
son. Then we must put in force econ:
omles that win enable the people To
save and, invest their parplus 50 as
to absorb the large amount Of short.
term notes that have been put out
The financial Editor Of the New York
Evening Post answers my inquiry BY
saying that between the tirst OF Janus
AIRY and the first OF July, 1907, the rail;
roads have issued shprt.teFm notes
$5S6OOOooo indnstriaI corporations
$1sS0O0,0oo. Here are over $700s00of5
600 that must benrogidel for butsltl
the people will make up their minds
ithatye have passed tile crisis the
ings Banks Insurance and TRUST Cons
paniss and investors win soon abspfb
this large amount and relieve ops
banks and individuals So that thssl
can take care 81 current business
of tie c6Rntrs With tlieir funds WEI
nInst remember that they have ail
besnspld II only aquestion 81 Pine
idc lhem n the FORM Of uermancnt