Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1908-11-09

Wnen seen LOT the llIneS iic ""o
about to leave his office to keep an ln1-
portant business engagement, but con-
scented to talk for few moments. I'VE
have entered" he said, "upon an era
of prosperity and believe that 1t Will
prove to be continuous with perhaps
some exceptions at first. l dislike
boom and always prefer to see steady
growth, and a continuing return to
prsperity There is something of
boom now, and we may therefore rea-
sonahly expect to see later on re-
action, but it will be healthy re-
action and will be followed by increas-
ed prosperity.
Manufactures must and will start
up and must and will be run at their
full capacity, because a demand VIII
lead to a supply, and there will be
great and continuing demand for man
ufactured goods. The jobbers and re-
tail dealers must place large orders in
every department of trade, because
their stocks have become reduced to
the smallest possible point. There will
be general starting up of all lines of
business, and while there must be, as
1 said, a reaction for a short time
ldltT vi, liIftI punt HdoSCd tiiCiS " AZ
be gradual but satisfactory increase
in business and in manufactures of all
kinds This will mean that very many
men now out of work will find that
there is an active demand for their la
Dor and they will become producers
again and as matter of course not
only producers, but consumers to a
far larger degree than before and ev-
cry branch of trade will feel the good
effect.
1.-THE jobbers and retail dealers must
place their orders and then they must
repeat and increase them. The de-
mand will lead to supply. The rail-
roads of the country will feel the good
effect Of this increase in production,
and they will do a paying business
again. The splendid crops must be
moved, and that will mean the calling
back into the ranks of active toilers of
thousands of other men, increasing as
a matter of course the demand for
goods of all kinds. The marketing Of
our splendid crops will mean the put
ting into circulation of money all
through the wheat and corn producing
states, and an immediate demand for
manufactured goods from there. Not
only will the railroads find an immense
increase of their freight receipts but
the passenger business will be better.
Maine will share in this increased gen.
eral prosperity as times goes on. Our
manufactures will start up again, and
there will be activity in all depal tments
Of business. Maine stands in very fav-
orable position to profit by the increase
ITO me the most gratifying feature
Of this new era of general prosperity is
the fact that laborins men will find
enough to do. Tho distressing feature of
every era of business depression is not
the lessening of values, but the lessening
of the number of men at work, and the
placing OF others on short time. We are
rapidly emerging from such conditions
and believe that from this time forward
there will he a steady increase in business
in all departments. l believe in our rail-
roads, and in their power to increase UNI
der favorable circumstances our material
prosperity. The Union Mutual Life In
surance Co. is q large holder of the
stocks and bonds of railroads, especially
those of New England. and because of
my belief that the railroads are of vast
Importance inGustrially and commercial
~. l accepted recently q place on the
board of directors of the Boston &
Maine"
Mr.. Richards is an enemy to specula-
ton and q firm believer in the necessity
of following out wisely progressive pol
icy of the development of our business
resources. He is firm believer in
Maipo ap1 yrbila yar1, clad to know that
Maine money is more largely than ever
before remaining in Maine. he is salts
fed that We are very far from our high
est business point and that there are
many years of steady development and
progression ahead of MS as a State. He is
strong Republican and he believes that
the people will come as he said Ito more
and more understand the meaning of the
election of Judge Taft" but he is a lead
er in the financial world, and his posi-
ton enables him to take a broad view
of the business situation.
"He believes that the industries Of the
country will be again developed. that I'M
employed men will, as he said, become
producers, consumers on a larger scale,
and he is as before basng his predictions
not on political results only but on the
vast resources of the country and espe-
cially on the splendid crops" There is
only encouragement for all classes Of cit
liens in his view of the situation. He is
especially confident that Maine industries
will increase, Maine manufactures start
up and Maine people find work at good
wages.
SARDOU is DEAD.