Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1911-11-16
HENRY CLEWs SAYS
TOBACCO TRUST
IS SAFE
Railroad Situation Sound
and Healthy Expects
Congress to Hold spectacu-
lar Session.


tseeei.i rslenram Go Evsalng ftersiai
New York. Nov ib.--Henry Cicws,
foremost financial wizard OF The
tcrview today
The mast favorable feature OF the
week was the settlement OF the To-
hacco case IN the United states cir
cult court Upon the Whole the de-
cision OF Judge i-acumhc appears to
be tho hes, solution that could be
offered. While not accedlng 10 some
Of the extreme claims Of Attorney
General WickcrSham and recognize
ing that return Of original condi.
lions IL impossible. his decision does
destroy the nonopolistlc power OF
the company and insurea q return to
possible competition, with lust rec
ognltion OF the rights of All security
hoiderr, No property has been de-
stroyed. the demands OF the law
have been complied with. and in due
time this controversy should pass
into history. once more treason"
has been read into the Sherman anti
trust law. and u Ia demonstrated that
the courts will not put q drastic In
depreciation upon the law.
There. was a pronounced better
mont 90 underionr In the stock mar
ket during the past week This was
partly due a. actual though tardy
recognition 90 the soundness OF UNI
DERIVING conditions. the chief cause
Of the sharp upward movement, being
the Tobacco decision above referred
90. The elections had slight influ-
ence upon the market. and that little
vas encouraging. The most aignlfl-
cant feature OF the returns waE the
spirit 81 reform which Expressed t.
self ia various sections Of the cOun.
try. This was especially illustrated
IN many Of the large cities. Nothing
could have begn more encouraging
than this expressed lnsistence OF the
eeple for better city government.
This n the one bright spot IN an 9th
erwlrc cloudy political horizon. The
election Of Governor Foss IN Massa-
chusette on the tariff issue meant de-
feat Tor extreme protectionistr IN
that state and will be important Ia
itn bsRring on forthcoming tariff
legislation The large increase in Nv.
Sociallstic vote attracted wide atten-
ton. hut Judging by the arguments
advanced during the campaign this
was more a voice OF protest against
had local government than an indi-
cation % actual gains Ia number Of
soctnilrsic heIicvtTh. Socialism rs
unapcstlonahiy growing bpt not 70
thr talent' iudsrated % Tuesdays
election returns la many cases the
voters simply went over % the Ho-
cIalirtic party In the hope 90 sccur-
Ing better government So much for
the elections. which went off quietly
and do not suTgest any new or
more radical movements than those
with which We are already familiar.
OUTSIDE ~ politics there IN q dis
tihcsly better tone 10 business In gem
eral. Confidence H. growing and busl-
ness shows an expanding tendency.
In ali PARTS Of the country stocks OF
mcrchandIse are much below the
normal owing 60 prolonged connerva.
tism ln mereantile operations. IN
many cases economy has been car.
ried 70 extreme limits. CommoditS
prices with few exceptions are de-
cIlnlng. 10 that conditions are such
an 20 make the situation particularly
favorable 10 shrcwd buyers The
railroads Nre already entering the
market as large purchasers OF rails
and equipment Recently orders have
been placed for over $4,000 cars.
nearly 600. geo tons of steel rails ana
over 500 locomotives. Faulty 500. zoe
tons OF steel will he required to m
the various ordsrs recently placed:
nor IN this all. for some OF the his
trunk lincn are nos IN the markc;
figuring upon still larger orders for
sa.l - a