The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-11-03

BY b. C. FORBES.

NEW YORK. Nov 2.-yeiled
threats Of an election panic" are
increiulous and absurd.
What conceivable excuse would
there be for riotous smash, no mat
ter who is eiccIed9 The president
Of the United states is at once the
most powerful potenate, and most I'M
potent Of rulers. He cannot write
a single law on the statute books.
Apart from TINS, why should the
election OF Mr.. Woodrow Wilson. or
of ex~fresident Roosevelt precIpItate
generalization Have not botn ex-
picitiy aVowed thai they will not try
to reVoiutiunlze things in one day. or
one year2 Las not each explained
latterly that he has no intention of
upsettlng business? Both have
very properiy~-come out for tariff
reduction; but not for insersate, an
discriminate slaughter of each and
every schedule.
Capital IL not all on the side of
any one. candidate. Never was its
favor so evenly divided. Therefore,
the result of Tuesdays polling. what
ever 1t may be, will please great
many important men of affairs.
A panic is out Of the question.
Conditions in American spell pros
perity, not panic.
Our farmers are waxing rich
Our railroads are carrying the
heaviest traffic N their history. and
at better profits than during the last
year or two.
Industries Prosperous.
The tte>'l Industry Is IN the prince
not the pauper stage--the Steel cor.
p"ration's net earnings Tor the las
quarter exceeded s30.0G0,o00. as con.
trasted with less than $4,000, eco IL
the nrst three months of thls year.
Novem0er's dividend and interes
Disbursements are we'll ahead OF las
year, even the railroads showing bet
Ter payments to stockholders.
Labor Is fully employed at the high.
eft waSes--in doilars--ever known ir
THIS OF any other settled country,
our government is at peace witt
every powerful nation, and com.
/ parativeiy free from minor troubles
Al the moment security markets ar.
nervous over political and monetary
Developments abroad. and the cnnse,
| quent rise in the price of money a.
| nome. while the imminence Of tn,
presidential election induces more OF
! Tess restraint. But these things are
| emporary.
| The conditions that make for pros
neritv are In cnronnrisr,, 49,, W 80 -
Bake, voic.n. 49,.
| The palkan ,.oIcano - st;m ...
.ng. hut the nowars oil, ,, ,,n spd ~,
NV act circ,imsrecttv ,rhara ~
lie likelihood or 1o,,.rat ~, q ~. -.
/ tton-trdeed s,,cS natootx...o a
lunthinkable And .ba n,,tatirn. 80.
Balkans ON n van, ana ,,itnbia ho sis
viii rernove f,.f,s,, r,.n-a ,I1t,tt1.' =,
Or he sorest ana r,ost ds,.ra,,,' va
! IN the whole MAN E,n- ,e,o,.o 49,,
| generation, ~ pa,Lan - $50.
sourca of anxietv L@nc~ ~ ro,,os -
| win he falt vbnr tbo ina,,itatJa ',,e
alignment nae heen noda
| Euronasn sscnrtf., hat1,a~ ,>
| Inv tha war "a tts s,tir5i;.ta 49, 'sir
t.oId enormous amounts incI,,ai,,a, -,
! $40 0o0 00n IN sTE 60o ana 20 ,,at,,t,,. ;,
| issues FOREIGN hanks Zoo ha,.n 49, -,
| ed mn their Sieconnt rates -
| their supnIfas ~ gn,d ~ 5tsop,,,.e'e -
Ihorrnw4s,t- IRA tn straryts,sr 49,. - = :,
sources
In consenuerce ~ This r,ora,- So
| become ccrresnordi,pI, aon - ~,
YORK ConnIaints 49, - "a
that orr hankars ba..a aror.,, ta,,',f,.
mon foreign oantars ~. 49,. -. 49,
rowings have bear hasaa ,,nn,, s,+,,ro
shinpents ne cottop apd ~ saas ~
mia nvnor,s =, ~. r7ri1aa S. A.
!