The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1911-06-14
BRIGHT DAY IS
BREAKING AGAIN
Optimistic Tone Is Prominent
Feature of Eastern and
Western Opinions.
d0RE BUSINESS AND
LESS AGITATION PLEA
Vail Street Produces Profits
From Fractional-Inch Rain
Falls in West.

7, is noticeable that between the
rather dark clouds OF the political and
antitrust agitations are appearing
bright ravs of optimism both east and
west. William Guegcnheim is quoted In
New York in the following terms:
THE so-called fundamental business
conditions of tho country are excellent
The only exception that can he taken Is
10 the margin OF profit which in many
lines OF manufacture is rather small sun
with any quickening Of the pulse OF
trade, this condition Will be remedleu;
An early adjournment OF congress ana
assurance that tariff adjustment Will he
rational and reasonable would materially
help tho situation. Tariff reVislonists
must bear In mind that anything iurtn9r
than a normal reduction In the tarlii
would necessitate the houidatioh Oh
labor.
He Is OF the opinion that the decisions
the American Tobacco and Standard oi.
cases will have a beneficial result, ana
thinks that the country as whoie Is
adopting a saner attitude towards large
affairs.
He adds THE microbe OF sensation
alism took a rather firm hold OF the
American people, but keen eye can
already detect a cessation OF It's activl-
ties Noloriety seekers are sttil busy
predicting disaster, but luckily we are
more sober minded than we have heen
that these disturbers OF our peace and
prosperity are still so ruthlessly dis
seminsting Is not likely 10 infect any
oEe.
Most Promising Outlook.
Viewed from every angle and taking
everything into consideration. conditions
throughout the country present most
promising outlook, and there is every
reason 10 believe that as a nation We
are upon The threshold OF an era OF ac
tiNi1N and DrOgrcsS.
George e Allen of New York. director
of educational affairs OF the American
terview in Spokane. He added: Prob
ably one of the best signs of returned
prosperity is the $500. 600 bond issue
announced by the Great Northern Rail
way company. That viii tend to have
the best sort of influence. 1t means
something Ia the public, which actions
of the big corporations have not meant
in some time 1t means that the rail-
road heads are coenlZant that money is
available and naturally. they will take
steps To bring il frum under cover. The
result is 10 be z strong Investment mar
ket and good times.
Profits by Rainfall
Wall street manufactured profits on
ago. The members measure profits by
the rainfall. The crop conditions are
fine. This rain has quite entirely
changed the outlook, and the fact that
that We have only to sweep away
psychological fears 10 bring back COM
plete confidence In business.
When the new national reserve plan
the so-called Adrich plan, is Dut into
effect II will be by the people, and not
by the bankers That plan. or whatever
plan Is worked out. will be worked out
on basis OF using farm products. wheat
corn. oats and cotton. principally. as
security for the $500 .000, 600. or whatever
lis needed annually TO move these same
crops.
Bonds. stocks. minerals and that sort
of thing will not be the basis OF security
We are the only nation OF any size which
does not make farm products The basis
of security for loans 10 move these valu-
able crops. We are bound 10 come To
II