The Huttig news., 1907-11-16
Looking after their LaboT.
the Output with Careful Regard
 to the Interests of Men.

WllllS 'ne CTlSlS fldS been SdIely passed. and there is the promise in
 he heavy influx of gold and the forced export movement of cotton, grain, copper and other commodi- ties, of coming improvement of substantial and vitalizing charac- ter. there is not the remotest pos 5ibility of an early return to the nigh state of prosperity which has oeen the country's boast now for several years. Finance and busi-
 less at this time may be likened to man who has had a dangerous all and whose recovery from his injuries, though assured, will be tediously slow and attended by many new complications to test the skill of his doctors in diagnosis and to cause concern to his family md his friends.
 It is foolish to say. as many ofus have said just another Wall Street furry" and to hope or expect that t will soon blow over.' The country has been hit too hard to excuse any one for that manner of thinking or for that manner of speech. The blow which has fal- len upon it in the past fortnight has smashed it's Watered prosperity and something besides The busi- ness and financial interests, as first step toward recovery and ulti- mate virilty, will have to undergo a process of readjustment looking to i'snaiier Ddt sounuef opaTztior1s
 That implies necessarily, not only reduced outputs of manufacture. of mines and of forests, but also lower prices and wages than have obtained along to this time. The railroads and their dependent in- dustries, which consume 40 per cent or more of the countrv's iron and steel production and a very large proportion of it's output of lumber and timber, cannot again become heavy purchasers of sup plies of any kind until the money situation shall so improve as to ad- init of the marketing of their se- curities. Similarly, the building industry. which enjoyed unprece- dented activity in the thirty months between January l, 1905, and Ju- ly l, 1907, is plainly booked for quite a period of comparative slackness, although it will likely be one of the first interests to feel the revivifying effect of the substant- ial monetary betterment which must ultimately take place.
 Meanwhile, scatteringly marked beginnings at retrenchment of busi- ness expenses. which had attra" ted only languid degree of interest are now succeeded by wage re- auctions. shut-doWns and shorte. periods of Wo k in instances so in numerable as to bespeak a general and, for some time, c ntrolling nol- cy in this matter. The railroads are now sharply cutting down their outlays for labor by discon- tinuing much construction and re- pair work, in line with their month old decision to buy supplies in only such quantities as should be abso- lutely necessary to their needs. The Iron and steel interests. fol- lowing suit. have closed much pro- ductive capacity for indefinite periods of time. with tha result of throwing thousands of men into idleness. Other branches of man ufacture in number have been en- gagged in similar proceeding more earnestly and thoroughly under the spur of the financial developments of the past four weeks.
 What the saw mill men have been dorg in this regard is, at this time, a rather old story. The lum- Der producing interests were hit