Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1912-05-28
CROPS NOT POLITICS
MUST SAVE COUNTRY

Nh' n'HDoi VI iihAhA' VI tue iht-
versity OF Pennsylvania, William
Guggenhelm stated that one OF the
chief reasons Why the quickening OF
business did not take place In the
fall OF last year was TO be found in
the record made BY the American
haryests OF 1911 Leaving the cot
ton harvest out OF the consideration.
Mr.. GuggenheIm characterized the
harvest OF last year as very disap-
pointing Furthermore, he intimated
that our business activity along large
and healthful lines for this year and
for the early part Of next will not be
dependent upon politics or be seri-
Ously affected even by presidential
politics but viii depend upon the
magnitude and quality OF the crops.
In a Enthusiastically sententious
manner. Henry Clay Frick. upon his
return from Europe a few DAYS ago
stated that the condition OF business
this year would be chiefly based upon
the harvests OF summer and early
fall. Mr.. Frick apparently dismissed
with Indifference the bearing which
presidential politics might possibly
have upon business.
The views Of these two men. one
OF whom has recently devoted him
sell 10 a scholarly study OF econ
.omlc questions Is In perfect sympa-
thy with the opinion OF many of the
leading men and bankers OF this city
They are not asking whether or not
TAFT or Roosevelt Is to be nominated
Tor president or whom the Demo
cratic convention OF baltimore will
name They do not talk as inter
ested observers OF the struggle for
the control of the Chicago national
convention They wonder whether
Taft or Roosevelt will receive the
nomination They speak as citizens
do. and not ag business men. when
they ask the question. Can Roose-
welt be- elected n he be nominated"
or Can the party be- united II Taft is
nominated
But IL has been observed since the
meeting OF The national committees
OF both parties at Washington In De
ermher of last year. that the lead
ing business men are not disposed 10
attach much Importance to the ef-
feet of the presidential nominations
or the presidential election upon bus
mess activity Of the United States.
That feeling is curiously reflected
Boo The attitude OF the securities mark
I'd since Colonel Roosevelt began TO
make his aggressive campaign for the
presidential nomination. II might
have been surmised earlier in the
winter that such a demonstration of
popular following as Colonel Roose-
Welt has recently secured would have
caused serious depression In the stock
exchange Instead OF that, however.
security prices have not been affected
except apparently IN beneficial way
\ Superficial View.
Those who have argued that this
maintenance of good prices and occa
sionally the considerable activity In
the direction of appreciation OF prices
In the securities marke. demonstrate
that large business interests are not
apprehensiye that the nomination and
election of Colonel Roosevelt will be
harmful base their arguments upon
superficial reasoning The course of
prices In the securities market has
been affected either not AZ all or
else only in slight degree b, the
sensational presidential politics which
nov prevails The prices in the Sc
curities market have been affected
10y influences with which politics has
nothing T. do. This. al all events. is
the opinion OF men who are qualified
10 Judge.
The TWO great factors which are 10
avail IL there be great prosperity are.
first, the undoubted pressure Of bus
mess impulses business all over tho
United states is az present held back
chiefly because the country is await
ing the record OF the harvest of the
next summer and early fall N those
haryests make a new record. then our
business men are firmly persuaded
that no political agitation or any
dcmagogy can avail to prevent mag
.niiicent revival Of business. and this
stimulus will be increased through
the demonstration newt year thar the
Panama canal Is fact and not a
dream.
The Real disappointment.
/ 10 Is only within few weeks that
our business men and bankers have
felt free 10 confess that the haryests
OF last summer and fall were a dis
appointment Now they frequently
say that but for the record-making
cotton crop and also unexpected and
truly marvellous increase In our ex-
Iportation OF manufactured oommodi-
ties the present year would have been
thus far one not merely OF theoreti-
cal. but OF actual. hard times
The Demons 81 the swamp
49,. far.anNffa.a Il Hh.t. afHr.. tf..r