The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1908-10-15
Business Wen Speak Of Activi.
ty in Building Trades.
Railroad and Industrial Bonds Are
Being Floated and Crops Are
Record.Bpakers This Year.
MORE MEN At HIGHER WAGES


months, said today that the country
enc year after the financial strin-
gency in Wall street was entering
upon aneera that would eclipse the
prosperity OF the administrations Of
Mckinley and Roosevelt. A few
striking facts drove them to that pre-
diction.l Despite the panic of last fall
practically one-half a billion dollars
of securities had been sod by rail-
roads. industrial and manufacturing
concerns. and tho proceeds were being
devoted to eniargements of plants and
the building of more factories and
railroads. In September the total
building expenditure throughout the
country was more than Sal 100000.
which exceeded the expenditure of
September a year ago by 81 600 geo.
The harvesting of crops, valued at
almost seven billion dollars. and the
wages paid to contractors and laborers
meant the pouring of millions OF dol
lars of savings into banks throughout
the country. Furthermore, manufac-
turers were preparing for a large out
put \ report of the department of
commerce and labor showed that the
imports for August exceeded those OF
any previous month this year, and
were greater than those of the pre-
Ceding August. All these things
showed. experts said, that the manu-
featuring. mining and other Interests
were lining up for year that
promised to increase the wealth OF
the nation enormously.
Bryan's Election Would Check.
Business men said that they could
see no other trend to the develop
ment OF the resources Of the country
provided the voters of the country
continued the administration which
had made possible in the last Twelve
years the tremendous increase of the
nations wealth. That after the panic
which had shaken the confidence of
bank depositOrs and of business men
who must necessarily transact much
business on credit, factories. mcrch-
ants and workmen should have had
such assurance about. the fitsTe. wac
considered as a tribute to the Repub-
lican administration. Students of
the political and business conditions
said that, IN view OF the history OF
the last twelve years. there was no
doub. that the prosperity OF the coun-
try would increase provided William
II. Taft was elected president. Only
the election of William Jennings Bry-
an, they said. could give the country
a shock that would chill the optimism
of business men and quench the fires
in the furnaces of mills throughout
the country and put down the prices
of farmers products
A cursory review of the manner in
which financiers, manufacturers and
business men generally pulled the
country through the panic OF 1907 and
plunged anew into plans for the ere
alton of more wealth and a continue
ance of the prosperity of the country
under a Republican administration
shows that the last year has been a
one. The Union Pacific
early in the year issued SJ0,-
900, 900 in bonds TO be devoted TO the
OF It's lines and the making
Of improvements. The Peunsylvania
issued $4,000, 900 In bonds
10 continue its improvements. The
New York Central railroad got $780,
300 900 TO put into Improvements.
The Central Pacific sold $iS,0eO,0OO
worth OF bonds and utilized the money
n a way that gave work to many men.
There was the Tidewater company
with an issue of s17,000.000; the
Chicago, Burlington & Quincy with
SIS 900 900. and many other roads
Gas companies. electric light, traction,
Industrial and other companies issued
bonds for improvements amounting In
all to half abillion dollars. New com
panies, with capital amounting to
many million dollars. also were
formed
Activity in Buiiding Trades.
In July the effect Of that outlay Of
n axr oanttag haoapa ounaronf The