The daily Alaskan., 1908-11-20
THE THANKSGIVING OF HENRY
 cLEWS.

remote, he oAAeAS NP date of November '. in this way;
 The election is over, The country has most emphatIcally declared that il wants peace: that It desires noth' ipc 90 much as rest from threat sna5 radicalism. 1t needs a free chance to recover from the inertia begotten of last years panic. ofI coprse. the result of the election had besn 10 a considerable extent dis roppted in the stock market, hence rbere has been no such speculative rebound since, as some very hopeful bpt inexperienced observers antici- hated. This. however, should cause no disappointment; for the defeat of radicalism has been so complete. and the demand for sane, sober aud hon sst government so emphatic, that far.reaching results to all business interests must follow These will not come in overnight, Weeks and months will be requisite to bring out the full beueticeut results of the po- uucal tidal wave. which swept the country on November 3, and left a lively realization of the dangers es- caped. So much for the sentimental effect of the election which is i'm portant. What of the practical effect which is more important?
 A considerable amount of business had been held in suspense for sev- eral months. until the result was foreseen. Many orders and many new enterprises were temporarily pigeonholed. AS indications of Mr. Tan,s success became more pro nounced activity was resumed by tbs more yenturesome spirits, hence rhs event was discounted to a con siderable extent. Yet an important amount of business was undoubtedly posrponed until the result was defin' uely settled. Such orders and such enterprises will from now on be un' dertaken more confidently and add 10 the volume of business. And largely because of the new and well founded cheeruluess there is good reason to look for steady recovery towards the normal in business.
 The outlook for industrlals is also more satisfactory. Here, too, ex- penses have been curtailed as far as possible. and with the resumption of business profits will rapidly recover from recent losses. The iron indus try is stm a good trade barometer; and if the orders received by the United States Steel Corporation are any indication. the outlook is cer- tainly promising. Orders for about 900 OOO tons of iron valued at S25'' 900 900 to $8O.OOO.OOO were placed in October: the sales of copper were unusually large: a decided improve ment has taken place in the cotton goods trade; the grocery trade is more active. and the general revival of enterprise is shown in the large increase of new interpretations. All of this activity was stimulated by the expectation of Mir. Tatt's cleo. ton: so that a burst of activity now would be unreasonable. Another boom is the last thing to be desired.
 There is every reason. however. to take acheerful view of the future. As to the tariff. which could really be modified without harm to any inter est and with great benefit to others. there is little prospect of anything important being done. Discussion may be complicated by our reciproc- ity agreements with France and Ger. many: but the protected interests are strong enough to prevent any radical changes. What ought to be done is to pass a measure enforcing a graduated reduction, lasting over a series of years. thus saving indus