The Birmingham age-herald., 1910-02-28
IN HOTEL LOBBIES,
sntisfnctory Trade slauation

o' N'- NOiAtN ttiih Nas " NAioNtfS'f '1N-' Of Richmond, Va. arrived in Birming- ham Saturday night and left yesterday for Montgomery. MT. eR'ley is man. ager of the Cable Piano company at Richmond and MT. Greener is treasurer Of the same company there. They had recently visited Chicago. where the Headquarters Of the Cable company are located, and on their way south stopped at Cincinnati and Nashville, the latter city being the old home of Mr. Corley.
 This is my first visit to Birning ham in 20 years and the growth of the city in that time has been indeed wonderful.s said MT. Corley. "As prom ising as the future of Birmingham was in it's early days the strides that have been made have far exceeded my ex- pectations''
 In speaking of business conditions them tip-top. He said that everybody In Chicago seemed optimistic and that all branches of trade were prospering.
 Business and National Politics
 "One of the best evidences that tn business of the country is in sound con- dition and that financial interests are inclined to be bullsh. is the fact that in spite of the nervous effect which national politics and Standard oil and American Tobacco cases pending in the United States supreme court are nat urally having on capital, all favorite stocks rally on any report or sugges- tion that is the least reassuring,H said man of large business affairs.
 "The Wall Street Journal one of the ablest, cleanest. and most conservative papers in the United States, presents the situation in very clear light when it says in part:
 Already the effect of the proposed restrictions upon the railways has been pretty thoroughly discounted anu their attorneys have been withdrawn from active opposition to the bill. Tliis is due in large measure. no doubt to the fact that Attorney General Wick ersham has licked into better shape the provision for the issue and hold iug of railway stocks by other rail- way systems. so that the serious fet- ters upon future railway development which were embodied in the first draft of the bill are somewhat relaxed. Upon the whole, the special court to try in- terstate commerce cases and certain other features of the new legislation will probably do little harm to railway interests.
 T7l,I. ,,I. fvr,t a political point of view, which hangs over the business situation, is the pend ing decisions of the supreme court in the cases of the American Tobacco company and the Standard Oil com pany. Whether in these cases the court reaches broad conclusion, on the right of American corporations to do business under the sanction of those for which the federal con stitution was formed, or narrow one, giving to the provisions of the anti trust law the clinch and grip of a mod ern inquisition. it is to be hoped that the decision will at least be clear and simple. The business community will hen know where 1t stands and cor porations formed to promote American production at home and commerce methods to legal requirements or to go out of business. as the case may be. In any event, their tangible prop erty will probably remain Intact.
 Tn that same article the opinion is expressed that "a democratic major ity will be elected to the House of in November" The Wall street Journal concludes as fol- lows:
 "'This Ca democratic House) may not prove an unmixed evil to the bus mess world or even to the party in power, especially if the opposition ma jority is not too large. Practically no general Legislation is enacted where the two houses of Congress are at odds with each other, or where either or both are at odds with the Presi- will mean a negative policy in legisla- tion after March 4, 1911. A closely contested election this autumn will have the additional merit of putting both parties on their good behavior and perhaps of turning the eyes of the minority again toward the con- servative candidates and policies which were deliberately fouted when the party surrendered to Bryanism.
 ".Apart from the supreme court de- cisions, there is a fair prospect of a considerable period of repose from hasty and radical legislation
 Southern Headquarters
 c. P. Walker, the American Radiator