The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1911-05-01

Before this onward movement can
begin we have some reliable forecast
of tariff legislation and we must also
know TIE effect Ct the supreme court
decisions already referrei 10. The
decisions have, it may be observed,
already been accepted at their worst
that is to say, the market believes
that the two corporations concerned
will be declared in restraint OF trade.
and will be compelled accordingly to
adjust their affairs Its recent dsci.
sions against fixed prices and its III.
equivocal ruling in the commodity
clause are Widely accepted as snow.
ing the mental attitude Of the Sd.
preme court in regard to combine
tons. Other corporations, if this mi
dication is fulfilled, will also be com.
PEELED to comply with the provisions
of the Sherman law, as thus for tnc
first time definitely determined BY
our highest tribunal But this does
not mean there will be any conflsca-
ton of property or interference with
property rights, whether these prop
erty rights are called go0lwil or
selling organization or anything eisc.
1t simply means that business Of our
modern business combinations must
be conducted in perfectly fair and
legal way, which Is position that
every patriotic citizen will cordially
approve. At the same time it should
not sbe forgotten that stockholders
will Still retain the full intrinsic
yaluesof their property.
III Business Outlook Favorable.
las for as the tariff is conceral /
the prospects are that before money
| is needed for the crops this ratard-
ing influence will be quite out of the
way. The dominant party in the
house of representatives is showing
a degree Of conservatism that b..
speaks the accomplishment Of prac-
teal results to the exclusion Of
merely ideal policies that mean 4
| striving for the unattainabie. Best
Information from Washington sug-
gests an understanding whereby the
tariff changes of the current special
| session are to be confined to the
| enactment of the reciprocity arrange
meat with Canada and of the so
called farmers free list. Aside from
this, the wool schedule will most
| probably receive severest revis.oa
while the steel and cotton schedul Is
are expected to be accorded moro
moderate treatment. With these on,
of the way, the business outlook will
unquestionably improve, and 1t will
simply be repeating history II a Sub
stantial wave of prosperity should
take possession Of the mercantile and
industrial activities of the country II
| will at the same time be simply re
| peating the recent experience of Ell
| glish business affairs with an accum
ulated demand that has already beef
referred to above. And, furtheEmore
| 1t will merely be repeating history \
the financial markets, well in ad
vance, discount this approaching ac
| tfvfitv and nroSnarity
| Crop Prospects Good.
This, of course, Is taking a long
range view of the financial situation
There may be in the meantime, anC
possibly will, be some degree o
periodic irregularity; but the trenC
from now on should prove favor
able one for holders of securities
| While it is yet too early to coun
upon the crops as a definite facto
in improvement, yet 1t is encourag
ing to know that winter wheat an,
winter rye have emerged from tn
winter in excellent form and ar
promising very favorable results
| rhis means they are promising still
mother link in the long chain o
ears of prosperity in the agricul
| sural sections of the country. Th'
condition of the ground for the sprinI
crops is also all that could be dc
sired. Officials OF the Union Pacific
it may be recorded as significan
instance, very frankly state tina
,long their immense railway system
he crop prospects are the finest tina
have ever existed at this season Q
The year.
HENRY CLEW6.