The Paducah evening sun. [volume] (Paducah, Ky.) 1906-1929, 1910-10-03
sd YORK OPENS
Z RIFT In CLOUD
RESULT OF REPUBLICAN STATE
CONVENTION GOOD.
Conservatively Progressive Tone of
Platform and Excellence of
Candidates.
WILL RESTORE CONFIDENCE

New York, Oct. "A significant
indication of improvement in under
lying conditions is contained in the
better distribution that large bank
ing Interests have recently been able
to make OF bonds. Within the last
fortnight some s50.00O,000 in new
securities have been successfully
placed, including the s7,50O.O0O
Union Pacific fours sold this week in
London After a prolonged season
Of depression it is in the bond de-
partment OF the market that first
signs of improvement usually ap-
pear; and there is nothing in sight
to suggest that the bond situation
will at this time prove a faulty bar
ometer of approaching financial
weather
The Republican convention at
Saratoga this week may be regarded
as marking the elimination of the
spectacular bitterness that has been
so actively shown among the leaders
OF the dominant political party. Ex-
President Roosevelt's success places
ity which he undoubtedly fully recog-
nizes. II Is most natural 10 expect
that from now on he will exhibit the
pronounced traits that. have made
him 50 conspicuously successful as a
political leader. In other words, Mr..
Roosevelt having taken the active
leadership in his own state may now
be depended upon to work with his
accustomed energy and skill for the
success OF the ticket that he himself
has been so largely responsible for
naming; and il is quite reasonable 10
expect that he will use to accomplish
this end all the wiles of the trained
politician, not the least important or
effective OF which are cooperation
and cordiality with fellow workers.
Colonel Roosevelt is too experienced
and too astute a politician to permit
personal rancors to continue the
dominating features during the re-
niainder OF the campaign, which
from now on should assume a con-
SANITY decreasing influence as a
factor in the general financial situa-
ton.
The frank, unstinted endorsement
OF President Taft and his admins
tration by the New York State Re
publican convention is another
feature OF significance in the general
financial situation. The president
has been conducting the duties of
his great Office In a calm and judicial
manner, and has not been attempt
Ing by his acts to advance his own
political ambitions. His policy in
this respect cannot fail TO secure the
endorsement of our broad-hinded
American people; and his assurances
that associated capital is to have fair
play means much to the greet army
OF American citizens who are the
chief stockholders in our railroads.
In our great Industrial corporations,
our public utilities and other forms
or investment. The president Is at
present giving most careful con-
sideration TO the question OF filling
the two vacancies in the supreme
court. His recent admirable seIec-
tion Of Governor Hughes Of New
York may be accepted as an indica-
ton Of the type Of men he will Sc
lect to occupy the responsible posi-
tons under consideration. No
president ever had better opportun-
ity TO serve the best interests of the
people than has President Taft in his
selection OF Justice for the supreme
court bench. Agitation against
combinations Of capital and OF indus
try. not to mention the great trans