New-York tribune., 1907-09-20
RYAN BACK HEALTHY.
ON LINER WITH MORTON
Fou;faIdc Head Thinks Country m
Good Condition.

osize-t If the Equitable Life As
o-~a Socetv and Thomas r fSSSii' l-ie ~ :,
-s,.os bere Yesterday as fellow passengers On 'ie
steamship Deutschland .,.o ,7 . 1,,If
A. t,,-an who has spent about tt'iee Gnu q - 10,
NJ - much of the time on automobile
.,- arroared 10 be in good heai'i. t n -.
+,,+es }a,,o Eeen circulated In TINS Guy ol u.s.
.C,,s breakdown. lie went 10 Europe speC,@iIS ,S
- take tie cure for Theutl@'4o 49,
l,o has long suffered -. 1,,,. 80
-. - .re numerous questions put TO him. AZ
a.. 47,. Yesterday a person Quallhed 10 speak 'ol
,s- F2z-an pronounced as untrue 'he 1eioi'' 0'V'1
his poor health. ,,,r,,,n;ca.ive The
~. -. .,~osfdar. has been investigating IN
o-,oa business in France. Spain ana itaiN- lie
.Tso eneut four weeks at Carisoad- fiis views On
,bo economic conditions OF this country were me
ENC that he expressed il London, that business
cs-erslI,, throughout the country was good and
,bat there Was nothing radically wrong" The
,-.s,raad situation also he regarded not bad
II am a great believer in the natural growth of
America" said Mr.. Morton Business generally Is
rooa and II it had not been tor great financial
s,ff1itv and the most urgent demand for money 10
deal with IL there have been such decline
in orr securities there has been. All that is
necessary IS for us TO proceed slowly. and in time
values and confidence viii be restored"
Ny Morton said. speaking Of the railroad out
lock:
The outlook in the United States is not at all
bad So long as we have good crops we viii have
good tonnage. There is no overproduction OF any
kind and while there has been depreciation OF Sc
c1,r;tiss il will not last long. Good crops make
good earnings the railroads. and good earnings
viii offset temporary depreciations n value
Mr. Morton spoke in the same optimistic strain
OF The insurance situation here and in Europe
while the business not yet recovered from the
shock II received q year ago. confidence Is
being restored. he said The great exhibition OF
financial strength made by the American com
panies has removed all uneasness- Few instItu-
tioTis could have wthstood the assaults made upon
them the American insurance companies did
The prospect Of new business is much better than
s. WAS year ago. There is every reason TO believe
that il will soon he normal again. and everybody
will be better fer the change from high pressure
methods conservatism Just conditions in the
insurance business viii ultimately be better
owing 10 a return OF conservative methods, so,
beliere will be the case In other American enter
prises which have lately into what may be
termed notoriety. Men of wealth have severely
criticised President Roosevets policy: he ia right
Certain reforms had TO be made. and he insisted
That this reformation should take place. Ult-
nsately il viii be found that his influence has been
for the general good OF American business The
Chicago packing house scandals were the talk Of
the world. Now I that the English army is TO
be supplied with meat from Chicago.
I found financial disturbances in every large
CENTRE continued Mr. Morton The real cause
Of the trouble is scarcity OF money This scarcity
of money will probably lead to the curbIng OF
business. and then matters will automatically ad-
just themselves
A reporter asked Mr.. Morton what he thought
Of the third term talk Of some of President Roose-
velt's admirers. THAT is not academic ques-
tion," he replied.
On good authority fl be said that Thomas
T. Ryan does intend 10 retire from business
SIS reports have said. Some time ago he retired
frcm many Of the railroad and industrial boards
Of corporations in which he a director.
he is still largely interested in these institutions
although be does not intend fn future to pay any
attention 20 details and far possible has
turned over the active management TO other per-