The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1909-09-01
SAM ALSO
IS PROSPEROUS

The following Associated Press tele-
gram sent out from New York, tells
a remarkable story of prosperity in the
east at the present time:
NEW YORK, Aug Let is said by
these who should know that Mr.. Harri-
mans return to the United States from
Europe is fastened chiefly by reports
that have come to him telling of the
presumptive magnitude and probably
sudden expansion to enormous proper
tiong OF our Industrial and financial
activity.
This morning one of the worlds fore
most bankers man whose name is as
we'll known and whose authority is al
most as great in Europe as in the uni
ted States, paid to his friends that he
had Cancelled the passage for Europe
which he intended to take by the LUST
tania of Wednesday of this week. He
gave as a reason for this change in his
plans his somewhat joyful apprehen-
sion, to speak paradoXically, that the
magnitude of business would be OF
such character, the demands for funds
so great the movement of the crops
from the fields to the market of such
unprecedd Ted proportions, that he
felt that it would be the wiser part
| for him to remain in the United States
perhaps until late autumn.
Any one who has been brought into
close touch with business or financial
Interests since the recovery that fol-
! lowed the depression of 1884, just be-
fore Grover Cleveland's first election
as President must have been Impress
ed by the fact that at none Of these
earlier times when prosperity succeed
ed depression was there such unres-
trained expression of wonder joined
to some sense of embarrassment, as is
now the case, caused by the certainty
that the prosperity now under way
will not only surpass that of any 9TH
er time, both relatively and absolute
lily, but will be of such magnitude as
fairly to stagger the imagination.
MEN OF AFFAIRS ENTHUSIASTIC.
Men of great affairs, like James Still
man, Pierpont Morgan, Frank A. Van
derlip. are accustomed when speaking
of business conditions to express their
thoughts cautiously not permitting
themselves any eXtravagances, or any
violent enthusiasm. But it has been
observed that this mannerism is now
nut aside. Some of these men say
that the volume of our prosperity. Inc
presumable continuance of it for sew
eral years, are in their view to DE
something which the Imagination can
; hardly realize or picture. One OF these
business men said this morning that he
is accustomed to have association with
what are commonly called large hg-
ures Yet he now confessed that he
found his mind, incapable OF graspins
the aggregate value in dollars direct
and indirect, and he presumable IN
vestments, domestic and in world az
fairs, which are to be consequent up
on this prosperity.
/ Asked for their reason, their reply
is that first of all, business conditions
in the United States, even at the time
of the panic, were healthy and health
full. There were no grievously bao
spots, and not many weaknesses. Nex'
these men do not forget that in the
two years that have succeeded the pa
mic year the United States has receiV
ed some 2OO,OOO,OOO of freshly mineC
gold. And faulty II some respects al
our currency system is, yet it has nov
been improved by the injection into
of the emergency currency law, which
has absolutely restored confidence IL
the ability of the banks always to NEE
any reasonable demand of agricultur
OF of commerce.