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 Of the supreme court
decisions already referrel 70. 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 deci-
,sions against fixed prices and its IN
equivocal ruling in the commodity
clause are widely accepted as snow.
ing the mental attitude OF the SUI
preme court in regard to combine
tons Other corporations, If this i'll
dication is fulfilled, will also be COM
PEELED to comply with the provisions
of the Sherman law, rs thus for tao
first time definitely determined by
our highest tribunal. But this does
not mean there will be any confisca.
tion of property or Interference with
property rights, whether these prop.
erty rights are called goel-will or
selling organization or anything elsc.
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 shouts
not ,be forgotten that stockholders
will Still retain the full intrinsic
value sof their property
N Business Outlook Favorable.
lAs for as the tariff is concerac
the prospects are that before money
is needed for the crops this ratard.
ing influence will be quite out of thc
way. The dominant party in tho
house of representatives is showing
a degree OF conservatism that b.
| speaks the Accomplishment of prac
tical results TO the exclusion OF
| merely ideal policies that mean 4
I 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
meRt with Canada and of the so
| called farmers free list. Aside from
this, the wool schedule will mos
| probably receive severest revls.oc
while the steel and cotton sehedul (
are expected to be accorded moro
moderate treatment. With these on
of the way. the business outlook vii
unquestionably improve, and it viii
| simply be repeating history ii a Sub
| stantial wave of prosperity shoult
| take possession Of the mercantile ami
| industrial activities of the country.
| will at the same time be simply re
peating the receHt experience OF Ell
glish business affairs with an accum
ulated demand that has already beei
referred to above. And, Furthermore
1t will merely be repeating history
the financial markets, we'll in ad
| vance, discount this approaching &C
tivity and prosperity.
| Crop Prospects Good.
This. of course, Is taking a long
range view of the financial situation
There may be in the meantime, an,
possibly will, be some degree o
| periodic irregularity; but the tren
from now on should prove a favor
able one for holders of securities
While it is yet too early to coun
lupon the crops as a definite facto
in Improvement, yet 1t is encouras
ing to know that winter wheat an
winter rye have emerged from tn
| winter in excellent form and ar
promising very favorable results
This means they are promising sti
mother link in the long chain G
ears of prosperity in the agricu
tural sections of the country. TIL
condition of the ground for the sprin
crons Is also all that could be dt
sired. Officials OF the Union Pacifl
| it may be recorded as significar
instance, very frankly state thu
llong their immense railway systel
he crop prospects are the finest tha
have ever existed at this season
The year.
HENRY CLEN6.