Omaha daily bee., 1908-08-06
PREPARED ron PROSPERITY.
Activity of Men of Affairs shows Di-
recti0n of the Current.

Baltimore American.
Everywhere the country is preparing for
prosperity. The general public, however, is
slow in giving assent to the announcement
sounded by those whose field of observa-
ton is wider; so that when one and an
other man high in Industrial activities or
in public life heralds the dawning era any
amount OF latent skepticism is stirred up.
Those who do not feel like believing that
the nomination of Mr.. Taft is a guarantee
in itself of a new order Of things are at
liberty to indulge their incredulity, as the
proof OF the pudding is in the eating. But
entirely aside from that really epoch-mak-
ing event, as millions believe II will prove,
the signs of prosperity are abundant. 1t
would be a useless work to recapitulate
them, as they have been dwelt Upon before.
But It is pertinent to observe the activity
Of the men Of affairs to get in the stream
when the tide begins to flow.
The Steel trust is an illustration OF the
general spirit OF preparedness. While its
slump was far short OF that of 1898 and
1894. in the reduction OF profits. It output
has seriously waned and the showing has,
until lately. been far more encouraging.
Nevertheless, there are about this industry
signs Of early revival, not unnoticed by
those accustomed to look to II as one of the
best criterions OF the Industrial times. 1t is
In a position to make its output much
greater than formerly with the same fixed
charges. This tends to equalize to some
extent the reduction in profits. The present
output is much more profitable than a SINH
lar output prior to the beginning of the
liquidation that led to the panic. With the
tide az prosperity running high again, the
rafstrna 20 TIL colossal inAYrafru uuim ~
monumental.
The steel industry is interesting, not be-
| causo the people generally. outside the
holders OF Steel stock. are vitality inter-
ested in its fortunes, but as sure indication
OF the growth OF enterprise that will result
IN every man finding his place again al
wheel or spindle and as the recipient OF a
satisfactory wage. Just how much Of this
| gratifying condition may be credited TO the
belief that Bryan cannot VIA and how much
OF Il is 10 be credited to the inherent nat
ural prosperity Of the country is a matter
requiring too keen analysis to be practically
demonstrated at the present time. It ia
enough to know that everywhere the alert
managers OF industry are preparing for the
swell tide Of returned prosperity which Ia
not expected to suffer abatement. The
finishing Of the Panama cana will open
wide the door TO South America and Asia
and all vastly TO the wealth OF the people
Of the United States.
Certain It is that the political policies OF
the country are sound. Certain Il Is that
the public economy 10 right. Certain II il
that the conduct Of private enterprise has
been and IL being modified 30 as to prevent
conditions arising for a recurrence of the
panic. Certain II is the exigental currency
measure. unsatisfactory as II would be fol-
a permanent policy. has something Of ar
assuring Influence. although IL may never
be called into play. These are simple facts
They are out Of the range of successful
denial So that the pessimists had better
begin TO look fer vistas and stop c~aleulat'
ing how thick N the cloud bank that has
been shutting from their eyes the sun Of
prosperity.