Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1908-02-19
THE BUSINESS OUTLOOK.

The restoration of confidence in the
banks, and the free circulation once
more of the country's currency, have
given a wholly different aspect to the
economic conditions from that which
was prevalent in November and De-
cember. The money stringency stopped
the movement of wheat and corn and
cotton from the farmers to the markets.
1t stopped the wheels of factories every
where. 1t closed many mines, brought
building operations to standstill, and
threw hundreds of thousands of men
out of work. 1t crowded the steerages
of east-bound steamers with scores of
thousands of workmen who chose to re-
turn with their savings to their native
lands until the demand for labor should
call them back here again. But the
country is fundamentally prosperous,
and in most sections there is evident
gradual resumption of activity and a
great deal of confidence as respects the
future. Quite apart from the transient
currency panic, there has sat in wide
spread process of what is called liquida-
ton. Loans have been called in and
credits are undergoing readjustment
upon hard time basis. There will be
gottd many business failures yet to
come; and for a year, perhaps two years,
there will be in many lines of business,
comparatively dull showing. 1t will
be a period for the practice of thrift
and the homely economic virtues, IN or
der that the resources, both private and
public, may be used for the best possible
results. There will be a very sharp re-
ducticn in luxurious expenditure and a
corresponding increase in the amount
Of new capital that can be devoted to
business undertakings. From 1.-The
Progress of the World, in the Amer
lean Review of Reviews for February.
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Chairman Conner has called a meet
ing of the republican state central COM
mittee for Milwaukee, February q, at
which time arrangements will be made
and directions given for election of dele
gates to the national republican con-
vention. Some time ago an opinion
was submitted by the attorney general
that the party committee, to comply
with the primary election law and call
of the national committee, must be the
machinery for directing this election.
The United States Supreme Court, in
unanimous decision, holds a boycott
Of manufacturers engaged in interstate
commerce to be illegal and that those
who engage in the boycott are liable TO
damages. Thus the higest court de-
clares shat trade organizations that are
responsible for boycotts violate the law
against combinations formed in restraint
Of trade. The decision was announced
by Chief Justice Fuller and here was
no dissenting opinion.
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For schools, Chicago's bill for year
is $13, 357, TIA. Of this sum SIS, las, 129
is for the salaries of teachers and super
intendents of elementary schools. For
new buildings and sites 81, 459, $40 was
appropriated and $533, 425 was set aside
to complete "a new buildings now going
up. And Chicago is no exception. Every
hamlet and city is crying for enlarged
school facilities.
The friends and political supporters
of Secretary w. Fl. Taft carried the
Ohio primaries in behalf of his presiden-
tial candidacy with a whoop, every
county in the state having declared for
the heavy weight. The forty-six dele
gates from the Buckeye state will be
cast for Taft in national convention.
-
That the willing writing of over-insur-
ance by agents should be placed in the
category of criminal acts amenable to
prosecution and severe penalty is not
able suggestion in the report OF State
Fire Marshal Purtell filed with Gov.
Davidson. He places the cause of so
many incendiary fires in the state to
Jealous insurance agents, anxious to
earn as much as possible, by getting
large premium on excessive insurance.
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That is delightfully."- interesting page
ia today's CENSOR devoted to the hfe
of George Washington. the soldier,
statesman and first president of this
great country 1t is valuable reading
for young and old.
"Dr. Congress, ~ is a suggestive car
toon which appears on an inside page
of this paper. Read it, laugh and pom
der over the silent suggestions.