The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-05-27

STOCKS STRONG NOW
sv THOMAS c. sHoTwELL

sy THOMAS c. SHOTWELL-
NEW YORK. May rs. ait'l"ugh tae
reading financial interests have dis
-Y-fzy7y7t T77rft-tC-z 2 t-it''--r-
on the stock market. the haze 'tot
ty anv means discounted the possible
political develfmcnts ON 1he othe1
side II ia we'll for she public T. bear
in mind the fact fhsa politics an
44x4.rnixl Il powerful influence for hteft-
or prices and thyt the chances are,
1t viii do so before The end Of sum
saer Therefore ia eliminating poll
ties the caH,pajs nafs tor higher prices
are taking no chances. bat are Simply
holding one Liz thing 1n reserve.
Too much stress cannot be ia}d
npon the reasons outside 81 politics
FOR the strength II tho market. These
reasons have ETa-. stronger IL the
PAST week for crop conditions have
sraproNed materially II addition 70 tfA
crops there is the record tonnage 81
steel at the lowest prrces n ten YEAR.
Money IS chcap In all parts Of the
world aud IL freely offered for all kinds
Of business enterprises. Peace has
been ests blished IN the labor world
insofar az Il can affect business IN
d big way
Panama Dispute settled.
4 neyy influence has como nnoxe
p.ctvdly from Washington. The Tara
dian lobby almost succeeded in haF~
3ng ships ownod hN American railroads
barred ont of the Panama canal hut
at the last moment eonHnonsense mas
prevailed and those ships viii be sd-
shifted. The result vglll be the bulld-
fng III sea erai Important liners ~
American railroad companies To Tic
.Aaa vail ~ q a
tn, people Of the United states. The
ships must mol enter into conspiracies
10 hold up freight rates. out as tlay
hid no intention If doing 50. the re
strietidn n not important II Is one
cheerful sign that the politicians s1oul1
have admitted that tne owners OF mo
American railroads are not anxious
~ destroy their ovu business.
Settlement Of this Panama dispute
together with other favors BILE factors
s3ra1as the way to Some railroad deals
OF the FIRST magnitude The Seahoard
Air Line deal has ALREADY progressed
SO far that an official Announcement
should come almost any day FRANK
Could will figure largely In the he"
management hut actual control viii
he in the hands Of new interests that
have been induced 10 go into the prop
erty iy AR Gould,
The Political Situation
The political situation IS such that
Il is impossible TO take fair view
Of the financial situation without a
elear understanding os what the poii-
ttylaps may do, BooseFelts Atutuca
h much more important than Fet
earnings lust bow. one of his lJti-
r3a:e friends ana political advisers
made the statement yesterday that
Roosevelt Intended TO issue "a mani
fest tn the near future embody ing
t.,f rs.t4 10 r5sp
been perYsisteutiy reiterated III this COZ
unn for seN erai wears TO the effect that
fhs gov erutucut is equally guilty with
the trusts in what has been done II
tht. x4aN of bis civilizations, aud that
there should he an amnesty prociaua
tim, and Il fresh start. If this S!"W
IS really taken hS >tooseVeit, and hts
friends SAY that George " Perkins
and Frank Munsey are Supporting hi1'
because of his positive promise Ia ro'-
low This ine ~ action, tleu even
Roosevelt syil be hailed Win reJo4o-
ane by tile business world business
men fear bim because b" IL al eN'
freple radical Thry forget that
Roosevelt Aus ha8 fou- wears "a digest
public questions and that his digestion
has been Aei' ed ' sociai oSIaelsiu
In. HIS f@Nn~ite eiubs. Standing aside
from tha cattle, citizen Roosevelt has
beer aide 10 see Ihe mistakes unda
~ President Roosevelt and being n
clever politician HIS apparently DIS
rlded tai talsa advantage Of them.
Trusts Handled Wrong.
According 10 The program Outlined
FOR Roosevelt campaign tho first
move viii be a proclamation TO nc
effect that tho trust question has been
the start lie win claim that II was
impoSsibie 20 Brow this in the begin
nfYlg. bTTf ff1-ft t1fs sfft=e-t eyf dissolution
.g AZ. 4 ca
have proved that tire government was
moving in the wrong direction. He
- i. III Sa& 80 &fth tfafhs sSssss 'ffat'
Sherman ant trust law IS legal
inunstr0siiv because II cannot be obeE-
I'd He viii advocate Its repeal. He
viii say to ali big- corporation that.
3nasmuch as the government remained
inactive while they were building
Themselves ~. the government VIII
stand its share of Whatever criticism
may follow. An ordinary president
Notlld hp overwhelmed with the storm
II protest that may follow the adop-
tt0n Of such a course, but Roosevelt be-
TFeNes he has eueh mold on the lIaasf-
nation Of The people that they VIII
take II from him and b. glad to get II.
suits against hundreds of corpora
tious begun by President Taft will be
discontinued. and Roosevelt VIII put
n1self At the head " the army of
prosperity and Work for 4 cons tFuCtiF2
campaign III all departments Of bust
ness.
This is a clever political move 10
make for prosperity is coming regard
less 81 what any president Of the
I E!ted States MAY do, and If RooseX eli
should be elected and put these radI.
cal principles into action. he can easily
gain credit for the great prosperity
which the COUNTY, wifi De enjoying by
the RIM. term
The investor and specIator Is re
c-7-r1 a5a-rTzt Esv.5T9z fDssEs III r1Te
market by the n@rln4i aud natural
Improvement Of business ana crops.
Should The Roosevelt campaigners foi-
low the lines sugge@-ed that viii ne
81 much more added 20 the good
fAinas Va stoie tor thcFe who have
faith