The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1908-06-29
ENCOURAGING NEWS
FROM EVERYWHERE
Business Conditions the Coun-
try Over Are Improv-
ing Rapidly.
THE WEST is PROSPEROUS.
NEVER IN ITS HISTORY HAS
THERE BEEN SUCH GOOD TIMES
NAVY PLAN PROVES BENE-
viCIAL.

New York, June 29.-J. Pierpont
Morgan, as he sailed for Europe on
Thursday, gave out that he was opti-
mistic as to business affairs in the
United States, and Mr.. Morgan is
recognized as eminently conservative
and in the very best position of any
person in the United States to OBJ
serve financial weather. Daniel Gug-
genheim, returning from Europe last
week, gave out an interview thorough
ly optimistic and stating that informa,
tion gathered abroad convinced him
there was now clear sailing and
smooth waters for financial, CONNER
ciaI, agricultural and industrial navl-
gators of the worlds streams of traf-
fic and production.
Railway men of the South, the West
and the center Of the country all re
port more business and a lessening on
their lines of the number of idle cars.
So pronounced Is the improvement in
the territory covered by the Southern
Railway that the report gains cre-'
dence that there will be no reduction
in the wages of the railway employees,
which action, three months ago, was
thought would become necessary by
July /.
The advance in cotton abroad and
the immense shipments of fruits, and
vegetables from the South are aiding
railway and general business in that
section immensely, and even under
the state legislation of recent months
the railway companies have found
themselves in better shape than they
had hoped for.
Encouraging News.
kilograms from Chicago and Pitts
burg to this city are extremely en-
couraging as to the trend of business
as noted from both Of those centers.
Many persons here in New York re-
Gently arrived from the Mountain
States and from the territory begin
ming in New Mexico and running north
to Alaska, taking in Colorado and all
west to the Pacific Coast, declare that
never in the history of that vast re-
gion has there been such good times.
There has been no stoppage or busl-
ness in any of the agricultural sec
tions out there, and the short lived
depression in the copper and lead dis
tricts of the mining sections has been
far more than made up by the great
rush to the various gold fields and
the increased demand for labor and
for supplies of thousand kinds need
ed in the erection of buildings, mills
and recovery plants throughout the
mountain region.
Navy Plan an Advantage.
The withholding of money by East
ern investors, which in dull times IN
,tensified the dizziness in the days
when Illinois, Iowa, Nebraska and
Kansas were being settled up and de
yeloped, finds no parallel in these days
and with these states, which produce
so much actual money from their owr
mountains and canyons. and whose ag
ricultural products can find an Quite,
on either the gulf coast or through
the ports of the Atlantic and Pacific.
The determination of the Navy de
partment this week to adopt the plar
known as the two-ocean power for oul
navy will be of immense advantage Il
the people of the far West and contrib
ute in a great measure to their pros
perity and speedy development O
their coast and interior cities. Vas
establishment for our navy at Sar
Francisco and upon Puget Sound viii
have to be created.
>a..~@,n@r ATTY xnn