The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-03-25
II
|ls N|GRER YET
II IL. AVE- MosEMExr ~ UNDER M
a RsErsox kND xoucHED ron
nv GREAT ssxxEss.
& ALI. ARE OPTIMISTIC
srEcuLsT1oN. LONG HELD ~
x,urrk, HAS BROKEN LOOSE AND
rcBirc BELIEVES N MOTH
ING NIT MONEY.
All. ARE OPTIMISTIC
4, THOMAS {. sno7 TELL

snected In Wall Street this week. The
advance IL progressing under the d.
rection Of the greatest bankers OF
America. and it's integrity Is vouched
Tor b. the very men who are FORE
most In the movement for conserva-
sssr, in politics. Ii must therefore
continue or the legions of RADICAL
ism viii sweep tho country. Let this
stock market COLLAPSE. and Taft or
any other conservative will be swept
into oblivion next November 1t IL
queer that u stock market movement
should he the test of a nations sta
biisty, but that is exactly the situa-
tom
The reason for this remarkable
procedure In that the action OF the
stock market In the greatest initn-
esce IN business affairs that this
country knows. The stock market
II the only place where all classes
III business men meet on common
level, and where each can make his
personal opinion felt. Even the hypo-
critics who fold their hands and roll
thetr eyes in holy horror on Wall
street, finsl time to slip to the tele-
phone between horrors and give or
siefS to brokers. The rrfornerr tn
Congress- lind time between denun-
EtnxfcnE to watch the ticker. Only
few trHders are honorable ca0nEh
10 stand before the world and aamit
that they do trade IN stoc',s and
fssnde Thus tho stock marke. Is the
only true barometer of business.
Barometer Is Optimistic.
JHEt row this barometer says that
s,rtimiSm IL rising III "A rapid ratio.
ThA people have finally discovered the
false pretensea OF the men who have
/ been preaching honesty in politics
and business, and have decided To Icl
busy In the old-fashioned way. 40,
hat tho ald-fasitioned way was dts
honest. but that the new fashioned
3 way Ii. There In always lust about
&C much dishonesty In business what
ever the laws may be. and the coffse
II pool. the copper conspiracy, the oil
and tobacco dissoiut,ons and the
Roosevelt campaign prove that IL is
all nonsense to believe In any law
or any politician. Honesty pays,
sometimes and the country has de-
ridcd 10 get busy even if 1t does
IL break few laws and comma nd :
fl1ents. 1t has lost faith in all but
money.
The startling advances that have
been made recently are TIM normal
result of this revuision OF public sem
tisnenf. Speculation has been held
~ check 10 long that II has at last
broken loose. All the great fortunes
81 the world have been made throus,l,
speculation, and IL Is the fact that
thG United States In q nation OF spec
uiaforx that makes 1t the creates,
nation Of the earth. Its specuiations
brtng pantes. but country without
panics Is dead one. china has no
panics nor has Spain Having Just
Il cleaned up \ good hearty panic, this
country is in fine shape 10 boom
along.
Textile industry Certain.
one or the greatest reasons for The
boom that is coming rs 1he coming
Of the textile industry. The advance
u wages granted To workman in New
EnEiand Is evidence that the, operators
recognize thu strength of.sihe trade.
! With the greatest cotton 4Rpp in the
histor yaf American. aid with the
shelves OF merchants bare goods II
but boom In tire textile Arade.
Copper il in very much the same
position. Thanks To the agreement
20 limit production reached in Europe
last summer where laws Of the United
states can he defied with irnpunity,
The copper metal market ie now In a
sound rendition as ii was unsound
i've Years ago. The low prices encour-
aged the use Of the metal in places
from which the high prices OF the
previous Years had barred H. Now
with u strict adherence 10 ,the agree
sncnf of last summer the stock Of cop
Pr producing companies must rise to
record figures. Par for !AnialgaIlla ted
T COPPER. Utah and Smeiters can be
DELAYED only a few month"; and per-
haps only 4 fen weeks
Tbs United states Steel Corporation
has proved It's supremacy through a
i that dissolution or no dissolution its
stock can be held under par. but a
short time longer. Actual Intrinsic.
reform values are not being considered.
The country IL entering a boom per-
TOD OF Wild speculation both i'm poll
tics and stocks and Wall street will
not be backward. The reformers who
humbugged the public all last summer
have cashed In their short sales or
steel. and are now on the long side
Rsifrsalds Must Purehass. I
Railroads. arc buying steel equip
rnent at prices running as much 40
30 per cent. Under those charged two
wears ago. They are abe 10 get
cheap money and spend it to advan
fAge. They are all short OF equip
Tuent. and their actual necessities will
force them TO make great purchases OF
material Most Of the roads are short
01 equipment even with business at
tn present light volume 80 that when
trade really starts this summer thu
eh0rtAkc VIII be q Eerioua handicap.