Bisbee daily review., 1909-06-10
SECRETARY YOUNG: RETURNS FROM EASI


 retary George U. Young returned yes terday afternoon from trip of sev- eral weeks in the east on private bus mess. Having satisfactorily disposed of his own affairs he devoted some time to a general inquiry into busi- ness conditions throughout the coun- try. That the depression is not yet over is evident but at the same time 1t is disappearing and confidence is slowly returning.
 The inquiries of Mir Young were made of financiers and of travelling statesmen and the managers of the
 larger department stores Of Chicago | and New York. Commercial travellers contribute the best barometer of trade conditions and the department store managers the next best. In the opinion of MT. Young. the country is divided into two parts, ] with Chicago on the dividing line.
 East of Chicago times are not good l and much complaint is heard. But
 west Of Chicago. people are forget.
 ting that there was panic and the ! luFiuSF west one tUDts, the ItEEAtfs
 of its becomes more indistinct. \ There are varying opinions of the effect of the tariff discussion oil trade but it is generally agreed that there will be a boom in business
 after the tariff bill has been com pleted and there Is a general impress
 sion that the bill will be good one. The impression is that the tariff law T x.+slf h. sSl.eaflxy rhonuad in
 the direction of a downward revision
 after it leaves the senate; that the !, present discussion in the senate is
 more for the purpose of emphasizing i the facts of the republican majority
 in the principle of protection and that after that has been done the real revision of the bin will be be 1, gun in earnest.
 l Speaking again of the return oi l prosperity, Mir. Young said it seemed ! to be the more marked in the east
 with which money could be procured I for legitimate mining enterprises | The banks and the trust companies of the east are bulging with cash but l there is not a cent for wildcat prop ositions. The trial of the HorT | brothers at Kansas City has forcibly
 directed the attention of investors ts 1.-the fact that there are two kinds oI mining and the result of that tria I has gone a great way to assure then that only the legitimate kind will bt tolerated
 The government itself has fol some time been takini hand in thu
 mining promotion business. It is fact. though it is not widely known lthat the government had competent Iengineers scattered throughout tht west Investigating the claims of min ling promoters. As a result or sucf investigations. many en enterpris' Twill be brought to sad end and in
 yestors throughout the country vii hay ethe assurance that money pn into a mine will be reasonably saft investment, as safe as any other al iter making allowances for the fac lthat ore cannot see into the ground Mr. Young was surprised at th' appearance of activity in Phoenix ana he agreed with other citizens wh' have lately returned and with visl tors that this is the best town Il
 the country.
 I HISTORICAL DATES. I75s-The English effected land ! ing at Louisbourg.
 1SS5-Five Spanish pirates wer
 hanged at Boston,
 I83s-The Seminoles. under Osct ola, were repulsed in an attack o
 the post at Micanopy. Florida Is5l-San Francisco vigilance con mittee was formed.
 1Se2-Federals under Gen. Shield 3 defeated by the Confederates unde Gen Jackson at battle of Port R ? public , ls6S-Senate passed admission bill l for the states of North Carolina + South Carolina. Georgia, Louis,an; q Alabama and Florida
 n 1876 Charles Dickens. famor l. English novelist, died. Born Feb. s 1872.
 ) 1Ss1-British parliament passed tf
 Boring Sea bill.
 2 1S99-A. ]. Cassatt elected pres l dent of the Pennsylvania Railros ? company.
 1902-House of representative
 passed an anttanarchy bill.