The Washington herald., 1910-11-28

St Paul. Nov. .H.-That the United
states-and the world. IN fact-is about
TO harvest the fruits grown OF extrsva-
gance. ]. J. Hill absolutely positive.
It is too late to warn; the hour is at
hand, he says
The veteran builder OF railways ex-
planned the reasons for his prophecy. He
was in affable good humor, and spoke
freely.
why. when I told President Taft
few days ago" said Mr.. Hill. that there
would be many thousands OF men thrown
into idleness next year he was almost
ineredulous Of my sincerity. But am
not making guess; 1t will be a fact"
Mr. Hill paused for a few reflections
upon the Chief Executive. parentheticaly
declaring thar the President is a good
fellow that he means well, but added
that he has made lots OF mistakes.
The trouble with Mr. Taft e." he
continued. that he lives in a political
atmosphere. lie can't get away from il.
Il pervades Washington, and the Presi-
dents views of conditions are limited, In
large measure, by those who surround
him"
Says We're Too COmpIaeent.
Mr.. Hin declared that American peo-
pie were stoo complaceat. They spend
too freely and are greatly Inclined 10
take rosy view Of things entirely IN
warranted by circumstances.
DiseIaiming any intention Of posing as
a calamity prophet. Mr.. Hill insisted.
however, that 1t was not a guess but an
absolute certainty as to what awaits the
country when business activities become
dormant. He pointed out that at present
there is very little projected. which
means a suspension of activities.
DO you hear OF any generazy sys-
Nemstie plans for improvements during
( the next year," re asked. There IS
none. Factories and such other enter
/ prises which are productive in their na-
tuTe and which contribute 10 wealth are
not contemplated by those who have the
money TO invest
This means that those who have moth
/ ing 10 sell but their time viii be with
out employment There VIII have 10 be
shutting down Of the mines. because iron
and coal and other minerals that go into
the production of commercial articles viii
not be in demand. The same might be
said about the lumber business and other
forms OF activity. As result OF all this
! there will be many thousands Of people
without employment"
Few Supplies Needed.
In preparing orr Great North
ern orders for next year, we find that
We are going TO need very few supplies.
This is because We are making no extern
sions. Last year we ordered z45.0o0 tons
of rails and had no surplus For the next
year we viii need only about 7O000 tons.
Il might repeat such Illustrations IN
our business. Last year We had 10 have
i. 900 new freight cars. this year We shall
need but 3,e00. Last year we were COM
PEELED 10 equip a large number OF pas
senger coaches: this year We shall need
none. We ordered over 800 engines last
year; twenty new ones viii be abundance
for next season,
other business interests? Well. I hap
pen 10 know they are making no fur
ther provisions looking toward improve
ments or extensions than We are. II isn't
because they haven't the money. but be-
cause there are no Inducements, consid-
ering public sentiment and business out
looks for them 10 invest II.
What viii happen? I say tariff is a
matter of uncertainty. Enterprises in all
lines viii come 10 standstill. There
win be no progress. Many people win
have TO change their occupations and bad
habits Of living