Daily Arizona silver belt., 1908-05-27
Good Times Just Ahead
 Says Editor of Dun $

There is encouragement for the fu- ! turc, however, in the fact that these excesses merely absorbed tho supply of liquid capital for a time, and with the economy born of necessity, it will soon be possible to resume vigorous progress Tn tho right direction. Speculative de- bauches and overdoing of roal estate booms, all contribute to the exhaustion of national vitality, but there IS no evidence of ofsorganic disease. Moreover, the spirit is not gone, and the patient wants to get well. An over the coun- try there are countless plans for new undertakings as soon as the time is ripe, much work depending on further reductions in wages or cost of material But the revival is in sight, and brisk movement only awaits the propitious moment.
 This brings us to the question. of how far will recovery go this year? About four months of 1908 have passed and distinct gains can be discerned, but the volume of business is still from l5 to 25 per cent below last years. In this comparison it is well to remember that activity was far beyond all precedent in the first half of 1907, and that it is not necessary to go very far back in order to find conditions making a much closer comparison.
 During the second four months of 1908 there are three factors that call for consideration. Political nominating conventions and the crops supply ele- ments of great uncertainty, and the usual midsummer dullness of business may be more pronounced than usual, al though conservative purchases by deal CTS have kept stocks low, and replensh- ment may become necessary at unsea- sonably early dates.
 By the beginning of the closing third of the year the crops will be assured, and the unusually early start makes the present outlook very bright in that re- spect. The month of October will mark the passage of full year since the panic, and November will remove all palitical uncertainty. As the farmers , almanac says: "About this time you may look for settled weather.'
 The people may decide that political uncertainty ends with the nominating conventions, or caution may continue up to the day after election, but the ultimate results assured. It may take few months more than the optimist expects, but there is no doubt about the final resumption of record-breaking railway earnings, bank exchanges, freight tonnage, foreign trade and all the statistical comparisons by which the prosperity of this wonderfully equipped nation is measured. Our min. eral and agricultural wealth is cer- tainty, our manufacturing processes cannot be surpassed anywhere in the world; our people are not to be daunted by the most complicated engineering or financial problems. We have an area so vast that OUT entire population of S7, 900, 900 could be concentrated in the single state of Texas, and each family of five persons would have ten acres An agricultural yield averaging in val ue seven billion dollars yearly is secured without utilizing all the available ter. ritory by any means, and the United States will not come to the concentrated | farming methods in the old world, for many generations. Even in the present period of readjustment there is little real suffering, the high prices of meat alone testifying to the fact that con sumption is not materially curtailed.
 Following out this line of thought, we cannot fail to be impressed by the fact that no extended period can intervene before all previous records of conner cial activity in tho United States will be far eclipsed, and will tell you that the signal for ''full speed ahead" will be given in 1908 if you tell me that the crops and the elections are coming out all right.