El Paso herald. (El Paso, Tex.) 1901-1931, 1910-10-06
Nothing But Optimism

began to prepare themselves hui Ie GAP0~"u VIZ
gold. strengthened their reserves cut down the lessd desirable i@ns and devoted
their resources to keeping the going businesses in shape dS'Ouragng my Specuia-
tive new undertakings. So well have they done their work that al fear OF a
"H a tv drS so tbe United States treasury sent out a statement to the effect
that general financial conditions this fall Will be normal or even better than
normal throughout the United States; if here ever was any danger in tn money
situation. he danger mark has been passed, and all signs are favorable. Money is
plentiful abroad, and that is always regarded as a good g for nnancla saOnpy
IN this country.
Nearly every op in the United States is above the average record. Corn
will make the biggest crop ever gathered, and the Oat crop is the greatest in many
years.; the cotton crop is much larger than last years, and he demand holds the
prices up o a high notch. 1t isl ESTIMATED that thu crops and i've sOck and Omer
products of agriculture viii bring to HI growers this year., not less than
ssooooooooo; this means that the United States will have a tremendous surplus
of fwd nd manufacturers raw material to export The exports will largely over
balance the imports leaving the difference to be paid to the United States IN gold
thus greatly Strengthening the American financial situation The banks in thu
larger cities have arranged to TAX advantage OF the emergency CURRENCY Jaw N
case III need should develop but the very readiness to meet any extraordinary
banking circles
exports IF merchandise and manufactured goods from the United States to foreign
countries With the exception of Brazil, China and Japan, Our exports to every
important country and to every me Of the grand continental divisions, show
tremendous increase this year over the corresponding period of last year. The
increase ranges from 10 percent in Great Britain and Brazil, to 25 percent in
Mexico AMI Cuba, Sc percent in France IN Germany and 40 percent in Canada
and Australia, the percentage being the increased exports from the United States
to the various countries in August 1910 as compared with August 1909. Nearly
all tn countries show a substantial increase in total imports from the United
States for TIT first eight months of the year over the corresponding period of last
year, but III increase month by month is very striking.
The general situation in Kansas City is typical of the whole country. FI
two months the Kansas City bankers have been predicting ar easy money ltua-
ton in the fall, their prediction being based N the general tendency toward con
srvatsm that has been manifest throughout the country IN banking and business
circles M on the tremendous crops hat were believed to be assured The prea-
dents of various Kansas City banks are quoted as follows:
. gr radius Ranf5 n ap e IB ft m Sd W0 mSrk ed B haGFs T se R R6e m4rE In l dnsEf DH Hi in d
onseryatiF way The big lasd regulation Huaat@on y xFn d %re a &c g nsd 1gaa9 o6 drap Gn
s nass RG@ ~sieen sn sras os st Ssff fS@5 u in se ed m"nasas o sit shs 5s 9@@ r6 9 fs@ aa
exehangs as rs conditions for the entire United states; they do not Peaiae the
ms sa SsS%d d q d @S sG Sa5 h aa snss % IsS5s n IS. sSSFyfRg Al 1H ae # q Ss5
fsisr ysa IN AND H%a 09 de first Ss Is for@ 3gAta hsnssTsss for tn sS2pn own season.
record TS a are e Dgn bef mDse m" general asn business outlook nas improved materially.
an aSno e RSq5 b sss 6s p pPa sF aay IN M 6 %Ss r s al Pi snsd nj ss I'll al Ss snaRS
5 osgs Bs. Rssns snd 4 finances esS are O@ n a A Safe basis: An Ems lKsnsas! cy banks
sss sso g@s F %Sss n G1 IS Rssssins Exports " "aS look ahead" wis confident
D"% a .adnv advertising agency in Chicago and New York has received reports
<m hundreds of correspondents all over the country representing banking gen
.a1b business. agricultural IN the tadep papers The reports aeu universally sat
80 en "a ,atmisbc The papimO opinion is that thu situation is sound in
verv way and highly promising. The situation in Kansas is typical of most of
the resto of the country. Kansas wheat is tn best since 1884 in quality, ant tn
quantity breaks all records as it doesah also for oats The corn crop is the largest
for II years. Governor Stubs estimates that the producers OF AanSas Will receive
s5s2 100000 for their crops and livestock this year. In Oklahoma the wheat crop
viii be double last years; in Colorado the sugar beet nd fruit crops have never
been better; in Texas the small grain crops are larger than everbe before; the hay
crop is better than it has been fOr. several years. and sugar and rice will pc well
up to the average
Travelled around the state a good deal recently, but nowhere has he heard any com
plants from the farmers of hard times Prices are generally sOOa every 1arma
has something to SELL and the market is ready to absorb all the offerings
The deduction from the mass of reports is made that this country is in a
position to enjoy me OF te most prosperous years In business " ~' wa ever
knOwn. The bOunteous crops cannot help but have a stimulating and invigOrahng
effect, and every branch OF business should profit from this unezamPed prosperity;
the business man can % ahead with the feenng that ne VIII enjoy q sOo year
Henry clews, the veteran New York fnancer, finds the most significant
indication of improvement tin underlying conditions in thu better distribution that
banking interests have recently been able to make IF bonds Within The
last fortnight SOM s5ooooooo in e securities have beens successfully placed
ns' ssnS :" tnenanna fsror IN finance snd busnes Under
+a new conditions now in sight, the expected decisions of the supreme court on
m@aln o" r. - hsrd1vn ossMe 70 xsegerate the importance Of the bumper
crops in the stock market; 1910 is likely to prov the banner year in American
agricultural history, and this is a fundamental situation that will probably be
Effected b he financial market well in advance of either trade or industrial
activities"
In the great chorus of satisfaction and optimism there is not me dscOrdant
note 81 Pas is in position to share literally in this general prosperity and it
remainsw with Or own people whether they will place themselves in position to take
advantage of the situation, or will resist the well marked progressive tendencies
with i'll judged ad costly hesitation, or a narrow and antagOnistc policy.
Two years. ago, the Republican vote in Texas exceeded $4,000. It wOuld take
very Etae work this wear IN the part of each Republican voter to double or
rar ns aouns =. vo+s If If eoe The natv has never had = tronas u canES.t :"
for governor than judge Terrell; he should receive a large proportion of the in
dependent votes Of the state
For s1 years the barber shops of St Louis have been closed IN Sunday by
that many invaHds com. into ST. Louis OF Sundays who are victims of consmp-
tiu and other contagious diseases; in their weakened condition, according to the
whiskers are not promptly and santanly removed, they aTea menace to thu public |