The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1908-11-04
SEE REAL
TRADE BOOM
Men of Affairs Agree That
Taft Victory Is Signal
of Prosperity.
IDLE MONEY WILL CIRCULATE
Rail Chiefs, Banks and Merchants
Predict Certain Revival In
All Business.

Prosperity and a revival of business
are spelled by the election of Taft.
That is the general view of business
men. as expressed last night after the
result of the election was no longer in
doubt.
The revival In industrial and COM
mercial fields is not to be confined to
any particular kind of business. but
Will be general in the belief of those
who are qualified to speak. All lines
of trade and industry will feel the
beneficial effects of the Taft election.
The revival is likely to begin almost
Immediately and will continue In ever
increasing volumes during the next six
months or so until the affairs of the
nation are in a business way once more
normal
All Are Unanimous.
Railroad men and bankers, manu-
facturers and merchants. stock brokers
and board of trade men all join in de-
claring that the transformation of for
mer Judge Taft into president-elect
Taft means the end OF depression. One
of the immediate effects of the election
will be the carrying through of many
deals, and many of them for large
sums. which were awiting the success
of the republican nominee. 1t is stated
that millions of dollars are represented
in business transactions which were de-
pendent on Taft's election. All this vol
ume of business will now be electrified
into life.
See Boom I'm Stocks.
LaSalle street brokers and board of
trade men prophesy that there will be
one of the busiest times seen for many
months on the exchanges and boards of
trade. Dealing in stocks will become
active, and there will be large expendi-
lures both for investment and specu-
lative purposes
One of the important effects of the
election, 1t is stated. will be the placing
of American securities on frmer basis
in European money centers. The for
| eign investors have been somewhat
timid of late concerning securities OF
| this country, but now they will once
more enter the American field with as
surance.
| In the manufacturing field the effect
of Mr.. Taft's election will be seen, it is
prophesied, in increased output and in
| the buying OF far larger quantities of
/ raw material than has been the case
for months. Manufacturers and jobbers
have been carrying exceptionally small
stocks for some time past, but they
will now begin once more TO branch out
The railroad men join the ranks of
the prophets of prosperity. With one
| accord they hailed the election of Taft
| with expressions of delight.
1t is the general opinion among the
| transportation interests that Taft's
election will result in better business
conditions almost immedi ately. AL
| though many of them do not like the
fact that he apparently stands for all
Of the Roosevelt policies, nevertheless
they are convinced that he Is the best
equipped and sanest man for the posi-
ton.
/ Although they would not talk for
publication upon the subject OF in
creased freight rates, there are few
who do not believe that Taft's election
will obviate the necessity of either a
general increase in freight rates OF
the alternative of reduced wages for
railroad employees. Business men in
general are looking to the railroads
to aid business materially. The mo-
ment that the railroads begin going
forward again in the general direction
of expansion 1t is declared that the
whole country will move with them