The Cairo bulletin., 1910-12-05
Special.
New Yorl-, ne. s.

opoSA"h
Mr. Hits over-2laomg in erview
created much stronger impression
than it observed and cert9ialy nc 9
than was intended. It Contained psac
ticaly nothing rev. nothing that was
mot known tefore TO al intcl igart
Observers The interview, however.
served to concentrate attention and
awaken a great many untninhihg and
over-conf.aeat indiyidt ais to the real
truth of the situation. tInwelrome rs
tie fact may be, 1t IA being rec9g
ni2ed on all sides that the country
Is In the midst Of reacticna'y intlu-
ences which have been growing
stronger and stronger throughout the
year. These adyices have frequently
pointed ont that an era CT reahiust
lnent had begun which must continue
until q stage OF equilibrium has been
reached upon which to base another
substantial forward movement VA
res CT every lini, secu lies, comm :
| dltes, land, labor, etc, wee hiehl
inflated Consumption rad beea
checked because Of exhausted ! u q
power, and the country's savings
much diminished aalt and AZ least
temporary recession became neces.
sary. THIS is tie stare t'no ga b
we are now passiag Fcw long =
will continue caprot\at presfnt b
| fcreseen. The Indications a@e &c ?
ouiet rerod in business. anl ? re~-
erll eas'ng up in indlst Y. ITO ~
i feet e tsis will be to wa@fen ices
r. 90" tncdt, 'es, check enterpisH ard
i"or ,aee the number of unenp'cyel
Thie is mi'~n to he leroood, ard The
remedy will be FASTENED by raco ri
Zion Of the inevitable rather tAln bg
opposition to it, The sooner con es
sions are made upon al sides thf
sooner will recovery he p9ss be.
ttCdELiol OciilJ T~'t'
Tho effect of sucn conditions i
inevitably depressing rmo1 the ST c'
ma'fet II had been tsough' tn
'nflvoraEe conditions were fully dis
oouvteA: Int it is seen that m ~
Itiouarv conditions above referred 'f
are BEGINNING to mako themse@ e
rore vsibly felt The large 'dsc n
in net railroad earnings now berg re
oorted are exceedingly sigaiHcaa'
Cross earnings rs a rule are s9o"'ial
very moderate gains over last ear
ara tnese are being heavily nOu1ter
balanced by the heavy growth in eE
penses. MANY rodas are row s9oWia.
large losses in net results, cW'r'
chiefly to the liberal advances recent
" granted to labor TIE rail as
are hoping to secure some relic
through permission to procure ar
vances in freigt rates SGale 20
aessions may he granted BY the l7t7
state commerce commission, lat i J
doubtful whether these will gre 81
ficient relief Should traffic not con
tinue to expand. In any event, hig e
rates will simply be passing on th'
burden to shippers, and then go suH
ers. For a period the railroads ma
be able to econonFze in improve
ments. and should DEPRESSION CO.
itinue TIE roals will have no alter
tive brt to ecoHo7,i2e In p boz i
view of the dlfaeul'v # I'm rn
wages, II is probable That the ON
many will be obliged to nurtai' 'I''
labor force, and thus unf7ruN7 o.
add to the number Of rnemp'oJl
lis to be hoped these results Wlol
follow, but such is certainly the
ent trend Of events, Tho inac.
OF business is emphasized ny t.a
sence of orders in the steel trad
the weakness Of steel prolue
, the railroads are our larees So
; sumers, their policy of retren2h
has inevitably large influence tpc
l the steel trade,