The Hattiesburg news. (Hattiesburg, Miss.) 1908-1917, 1910-10-18
or to lard or cooking butter for all frying an
Made only by THE N K FAIRBANK COMPANY

to depend very largely upon person
ality. The comparative lack of inter-
est in election issues is shown by the
falling off in registration in all parts
of the country compared with previous
years. 1t is taken for granted that
Republicans will have to face con-
siderable losses at the polls next No
vember, and there is some probability
that the next Congress may become
Democratic. This fact, however, ap-
pears to cause little real uneasiness,
and the elections are certainly much
less threatening element than two or
three months ago. 1t is also a no.
ticeable fact that public opinion is
becoming less hostile to corporations;
this being due partly to public recog-
milton of the fact that corporations
are here to stay, and partly to the
fact that managers of the latter recog-
nize that they must submit to some
form of regulation, obey the law and
show decent regard for public opin-
| ion. The change in the latter respect
| manifested in various quarters is
highly encouraging as tending to dis
arm much of public criticism. No
one now seriously fears the forthcom-
ing Supreme Court decisions on the
oil, tobacco and other cases. The
Court may force reorganization, but Is
not going to destroy property values.
| The decisions when issued will proba-
bly, have no further injurious effect
| than the famous Northern Securities
| case. No harm but good followed
| that decision. The prospects of the
| railroads securing reasonable treat
ment from the Interstate Comm rec
| Commission are daily increasing. So
| that question is also nearing solution.
In this connection President McC,ea's
vania before the Interstate Commerce
Commission was a striking feature.
His argument for better rates was
temperate, strong and based uron
| well known facts. 1t will no doubt
have much weight with the commits
sion and do much towards securing
reasonable treatment for the rail
roads,
The money situation is much bet
ter than expected the stringency an
| ticipated this fall having thus far not
materialized. The surplus reserve of
New York banks is down to a rather low
level, but regular trade demands are
less than usual, and bankers are per-
sistently discouraging undue specu-
lation. 1t is quite possible that firm
spells may be experienced between
now and the first of January, but no
crisis is anticipated. Perhaps the
worst feature in the situation is the
excess of loans over deposits OBJ
served in recent bank statements in
various parts of the country. This
is significant development and will
bear watching. Money is firm in
! Europe, which will tend to discour-
age gold exports to this country. Our
foreign trade, however, is assuming
more normal proportions, and our ex-
ports of agricultural products espe-
cially are increasing noticeably. In
September they were ahead of last
year, and it would cause no surprise
if in October they would also exceed
last year in value. Cotton shipments
have been rushed forward in antici-
patton of a deadlock over the cotton
bill controversy. After October 81
British bankers will discontinue qua
ranteeing cotton bills, unless some
agreement is made with bankers on
this side OF course some settle
ment is inevitable: for Britain is just
as much in need Of our cotton as we
Of her money. The latest project Is