Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-07-13
SEE AVERAGE CROPS
Railroad Heads Declare Yield in Gen.
eraI viii Be Normal-Jim Hill Not
Discouraged - Shonts and Brown


New York. July 13.-With a SHARP
demand for less interference by poll
ticians with the business element
James ]. Hill, chairman of the board
of directors OF the Great Northern rail-
way, returned yesterday He has been
in Labrador on fishing expedition.
Il have been out OF touch with
things" he said. but / am willing to
predict that If they will only let US
alone we will be all right. There are
some honest intelligent men In this
country who want to do business the
right way. but they can't do it as long
as they are hampered with politics
Just let the politicians let US alone"
Asked about the foundations in many
branches Of the trade thruout the
country, Hill said: There has been
much money diverted from the regular
channels of business lately by the col
lection of corporation and other taxes
When this gets back into circulation
think that with the big crops the
situation will look better. No one can
tell certainly yet that there has been
real damage done to crops, and they
won't be able to tell until the crop is
ready to harvest
There is nothing new about the
freight rate situation. The talk about
land speculation in the west being a
menace is exaggerated. 1t Is not specu-
lation there. 1t is investment. The
farmers are buying land because they
are able to do 1t and want 10 hand II
down to their children"
Nation Has tho Blues.
''The nation has been suffering from
an attack Of the blues" said Theodore
P Shonts. head of the Interborough
Traction system. There is no funda-
mental reason for present conditions
and there is no doubt there will be 8
quick recovery within a short time.
From the sources Of Information al
my command I know we will have q
normal crop turnout this country ex-
cept in q small section of the north
west. and there the increased acreage
will more than Offset the decrease in
production an acre.
That the country really Is In a
sound and healthy condition and that
there has been no cause for fear is
evident 10 those who keep we'll in
formed on all matters dealing with our
national prosperity. That there should
be a depression at this time is not at
all to be wondered at, even tho it be
without a reason. When 1t is re-
called there has been more adverse
legislation than in years before it is
easy to understand why those inter-
ested in stocks affected by such legis-
lation should feel inclined to get rid
of some of their holdings. Yet these
tinlid folks are the very ones who later
will be clamoring for chances to re-
invest.
Sees Reaction From Depression.
1T is true that, SO far as my be-
lief goes, there is slight hope there
viii be any great or sudden increase
in prosperity. This country has suf-
fered from the national vice of extray-
agance. and there must be suffering or
account of this wild extravaganza OF
the past. l believe, however. there will
be a quick and lively reaction from the
present depression, but do not look
for any fantastic upward leaps. we
will climb slowly from this time on
but we will climb more surely and with
greater safety than in the past
"The country should be given a rest
from oppressive, disturbing legislation,
however. If investors could only re-
ceive some assurance of a freedom
from disturbance there could be nc
possible bar to speedy restoration
of the entire nation to good spirits and
hopefulness. 1t is the fear of some
thing further to come that has caused
the present depression.
"There have been too many attacks
upon the railroads. Because Of inn
provements carried on thru past years
It is my beliefe there are few roads in
this country that could be. duplicated
as they exist today, for the expend-
lures represented by their issues OF
stocks and bonds. This effectually
disposes of any contention that all are
heavily oyercapitaliZed."
Brown Sees Average Crops.
W. c. Brown, president Of the New
York Central system, who returned last
Wednesday from 1,0o0-mile automo-
bile trip thru northern Iowa and Min
nesota, said today, in discussing crops
railroad and financial conditolns'
that, in his opinion, with the exception
of the two Dakotas and Minnesota the
wheat growing states OF the country
would produce good average crops.
with a fair rainfall and norman
weather" said Mr.. Brown, Iowa, Ne
braska, Missouri, Kansas and otne.
wheat states, including those east OF
the Mississippi river, will produce