Omaha daily bee., 1908-11-08
MORE MONEY NOW TO INVEST
Capital Will Be Plentiful and Bust
ness Will Boom.
VERSION OF OMAHA FNANCIERs
John l.. McCaEue -Four Years
of Such Prosperity rs This
Ountry Has Not Yet
Known.

More money for investments. Big orders
20 WHOLESALERS, jobbers and manufacturers.
This will result and even already has re-
suited from the election Of Taft. according
to the statements Of Omaha financiers and
wholesalers.
Recent as the election is, the effect in
business is already perceptible in Omaha
and this, although almost too quick for
belief, IL possible because the outcome of
the vote was somewhat anticipated and men
have been waiting only for the formal
verdict on a question of which they knew
the answer in their hearts coupled
with these statements the same con-
s~ervstive bankers and distributors prophcsy
a period of unprecedented prosperity
for the whole country ~ general, but for
Omaha in particular.
Great sums of money will now seek the
channels of trade and investment" declared
John l.. McCague of the McCasue Invest
ment company. Investors have been watt
ing for the result and are anxious to put
out their money. 1t will not, however, re-
suit In a depreciation of interest rates.
Quite the contrary, because the number Of
business men who wish to borrow that they
may extend their operations, will at least
equalize the other factor. Every legitimate
NGAANuAG CaA aAu NhA bO oA1OAAAAAAOdoNCo
and the outcome will be a period four or
four and one-half years at least. of pros
perity and such as this country has hardly
ever seen, for never was the country in
so good a position to forge ahead. The
effect Of last falls furry is entirely worn
off now and tendencies toward wild
eating have been completely removed"
No Need to Borrow in East.
q w yTaNfIAg xiCa rrnGiHnnf Of fhn
United States National bank echoed Mr..
McCague's views.
RATES of interest will be higher, 1 think.
for there will be a big demand for money
by business men. The outcome of the
election has absolutely settled all questions
OF uncertainty and the west and Omaha in
particular will enjoy remarkable prosperity
and growth. Building will be on a great
scale and there is every reason to believe
that Omaha will grow tremendously in
buildings and population. We have the
money, plenty of it, and there is not the
least need to borrow a single dollar from
the east"
Wholesalers are already concretely ex-
periencing the result of the election, 1t
would seem almost too early for travelling
men to send in increased orders to their
houses. but this has actually happened in
some cases, although travellers have hardly
had time to pack their grips and get out
on the road since they cast their ballots.
Besides this feature, however, there is
much significance in the way future orders
are being placed with manufacturers by
local wholesalers, for all realize that the
mills are going to be extremely busy and
there is something more than a possibility
that If they do not hurry, their orders may
not be filled next spring as quickly as they
could wish.
Business has strengthened notably dur
ing the last four weeks" asserted w. M.
Burgess, vice president of the NJ. Il. Smith
Wholesale Dry Goods company, for re-
tailers have anticipated the result Of the
election. This is nothing. however, to what
will be experienced by wholesalers and job
bers in the next six months and, for that
matter, for several years to come.
zone effect on business will be a stiff
fleming of prices and we have already been
Informed of several advances" Mr.. Bur-
CESS statement was confirmed at the very
instant the words left his lips, for a clerk
brought him in at that minute a telegram
notifying him Of such an advance in a
staple line.
You can predict" he added that in all
lines OF business there will be an increase
In volume and travelling men who receive
part or all of their income from commits
sions will make pretty good money for a
long time to come"
prices will %stiffen; have ~stiffened al
ready said William Nj. Glass, general
manager and secretary of the Lee-Glass-
ANDERSEN Hardware company. "All mar
kets should be stronger, 1 think, and sew
eral advances have already been registered
with US. Orders for goods have been better
Of late, for the result of the election was
anticipated by many business men. It is
not a question of politics at all. The situa-
ton simply is that men feel that politics
will no longer disturb business conditions.
The country is in shape, the west in par
ticular. to go ahead as it has never gone
before and all business will prosper ex-
ceedingly."