Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1910-09-15
FINANCIERS IN
/ OPTIMISTIC MOOD.
-FOUR CAPTAINS OF INDUSTRY IN
CHICAGO INTERVIEW SEE
PROSPERITY.
SECURITIES IN DEMAND
Stock Market, They Say, j. in Con-
SECURITIES IN DEMAND T, u, N
Stock Market, They Say, is in Con.
vaIescent Stage and Business
is Now Ready to March
Forward.

10 4
Chicago, Sept. 14.-Four captains O
industry interviewed yesterday ar
practically agreed that the country i
lagain striding toward prosperity. JohI
NV. Gates, George j. Gould, John Lam
bert and Daniel G. Reid, all vital fac.
tors in the financial and commerce.
world, while deviating slightly In theal
Expressions of optimism, are plainly
ioptimistic.
John w. Gates and John Lambert are
sloutspokenly so. More closely identiheo
with industrial enterprises than with
railroads, they are hopeful without re-
servation. George j. Gould and Danlel
lG. Reid are essentially railroad men,
land they therefore have felt more OF
less what they call government inter
lvention in transport matters, hencs
their hopefulness is slightly fiaWeo
with some criticism.
Gates and lambert We're in Chicago
yesterday on their way to attend the
funeral Of their former associate. Isaac
Ellwood of Dekalb. Ill. With the can
| dor characteristic of a fearless INDUS
Itrialist, Gates stated at the outset that
the future was absolutely unclouded.
Stock Market Now Healthy.
ITO speak figuratively, the STOCK
from measles to smallpox said MI
Gates. "It has been thoroughly purged.
and is now in healthier condition
than it has been for years. In fact, 1t IS
above the convalescent stage and IS
ready to march forward.
There has been considerable talk or
recession in the steel and iron indus
try. This is mistake. The trace,
though not exactly at par, is in good
shape. All sound companies are max
ing money and, what is equally sig
nifcent, consumers shelves are bare,
which means that In a very short time
the organization will be flooded with
orders.
"Just before leaving New York II
was told by the heads of several high
class bond houses that an excellent
demand for coupon securities had be-
gum not an DESTINATIONS inquiry. but
q quiet. steady investment demand.
John I1ambert'S views were little
more general and included the depart-
ment of politics as well as political
economy
Doesn't Fear Fall.
II cannot understand this fear or
what the fall elections may bring.
the outcome of the ballots
DO not think that business generally
will be appreciably affected. Assum-
ing that the democrats gain the house,
which I as a stanch republican do not !
OF course. it would mean more
or less of deadlock in important leg
islation, in which really can see no
harm to business. /
While abroad, Europeans did not
ask me about politics in the United
States. They were more anxious In res
gard to legislation affecting the rail-
Dads. The freight rate question was
pretty much in discussion over there.
Personally, believe the roads will be I
an advance commensurate
80 10 s,,nv hot M
II the way. ] can see no obstacle to a
tightly prosperous period"
Messrs. Gould and Reid had also re-
urned from Europe. Gould said that
Turing his absence he had been kept T
on conditions here, and from
in epitome of his reports he concluded I
hat the business outlook was excel
emit
Good Crops Help Railways.
Reports of the Gould roads" he said I
show the gross earnings are running
higher. but there is some falling off in
he net. 1t is an effective consolation to
NOV that crop conditions along the 1
sould lines are very good indeed. This
lpplies to corn and wheat as we'll as
otton During my absence abroad the
took market has apparently been
ather fiat. and / attribute this largely /
o political causes.
II found that foreigners are waiting
nxiously> for the United States SUI
irene court to decide the American +
and Standard Oil cases, as
veil as awaiting the word from the in
erstate commerce commission on
reight rate matters. They (Europeans)
10 not feel like investing heavily in our
ecurities until these matters are set
led.
In the past. however we have en-
just as serious problems as
hose now, presented and have worked
ut satisfactory solution. / am con-
dent that the present difficulties will
LIKEWISE work themselves out satisfac-
orily and that the future is pregnant
With prosperity"
Being a leading director in the Rock
sland company. Daniel g. Reid's first
emark, naturally, referred to the ac-