The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1907-12-05
Signs of Business Depression
Rapidly Disappearing.
New England Manufactures Are
Resuming Operations.
ON FIRM GROUND NOW.
E. III. Hartman Says There
Will Be No Falling Back.
He Sees the Dawn Of a New Era
of Prosperity.

Boston, Dec. 5.-Signs of recovery
from business depression which started
several weeks ago are being felt in all
parts of New England by the resuming
OF operations in the mills which were
shut down or which shortened their
working hours, and in the lessened
numbering OF curtailnents and closing
The Saranac Glove company of Lit
tleton, N. H, after a shut down of two
weeks, resumed operations on full time
today, and the Quinapoact mills at
Quinapoact also started operations ON
full time after a ten days shut down
The management of the Whitney Box
company of Leominster report a larger
nubmer of orders than for some months
but have had to lay off a few men be-
cause of shortage in stock.
The Isaac Prouty company's shoe
factories employing 1900 hands, when
running on normal time, are expected
to be operating again on full time next
week.
Hartman Optimism.
New York, Dec. 5.-That the country
is already beginning to recover from
the severe shock received in the recent
panic is the opinion of z. H. Hartman
as expressed in an interview published
here today.
1--WE are in the rebound from the de.
preston and we are in it to stay" Mr.
Hartman said.
There will be no falling back. Each
step that we are taking is firm. Under
meath the whole situation there is in
dustrial stability. There is too much
work to be done and too great capacity
for doing it to allow a long drawn out
depression. There are indications ev-
erywhere that confidence is being re-
stored. The country is too big and the
people too sensible to allow the acts oil
a few men to shake their faith in the
integrity of our great financiers and
business men as a whole.
Yesterday there was a little scare al
first, but when the people saw thai
there were rotten spots only here anc
there they quickly recovered from Their
fright.
1.-THE dawn of a new era OF prosperit;
is here. The overstrain on cash is be-
ing relieved and credit is once more
being allowed to perform it's normal
work. But we must not expect at once
to see every line of commercial business
as active as it has been during the past
two years. Perhaps 1t is better for the
country that it should not be so. We
have presidential campaign in front.
1t is only natural we should feel oul
way cautiously for some time. When
say cautiously however do not NEAR
hesitatingly but rather conservatively.
Clark Adds His Testimony.
Salt Lake City, Dec. Sin an inter.
view last night with the Herald, Sen
ator w. A. Clark of Montana, who was
here in connection with his railroad
interests, said:
"I am sure the financial situation l.
clearing very fast. / received a letter
today from the vice president of one oi
the largest banks in New York sayins
he had just returned from trip t.
Chicago, where he met the clearinf
house members of that city and ais
bankers from st. Louis, Kansas Cit!
and st. Paul. All these bankers agreet
that the worst was over, and that casl
payments could be inaugurated yer,
soon without trouble.
1.-The total reduction in the output
copper is so large that six months ough
to see the surplus eliminated entirely
When that is done I expect to see COP
per go back to about 16 cents pounr
and that is enough. At that figure con
sumption is possible on large scals
and while it will not permit all tht
mines to resume on the basis will still
furnish employment for large proper
tion of the men who have been thrown
cut of employment by the recent
slump"