New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1912-10-13
EXPECTS TAFT TO WIN
Isaac N. SeIigman Thinks His
Chances Steadily improving.
looks FOR BIG BUSINESS
HAS No Fear of Harm to Amer
lean Interests from the Balkan
War, but the Contrary.
fBv Gable to The Tribune.l

1ondon. Oct. 12.-Isaac n. Seligman
has been at the Savoy Hotel this week
20 see off on the Mauretania Mrs. James
webb who is returning to America on
.ocount of the death of Professor Loeb.
Az seligman came over early in June
and has been for most of the summer.
- Munich, where he will return TO
remain until late in November or De-
oombe-. This will be the first Presi-
Dental election l haven't been home to
vo,e - Mr.. Seligman said yesterday,
obut nv son is there to vote the right
wav-I mean for Taft, of course.
think Taft is getting stronger every
dav and while / am not optimistic he
seems TO have better chance all the
time Of his election.
"A short time ago 1t looked as though
Wilson was the only one who had any
chance, but / think he is now losing
ground all the time. while Taft Is
growing stronger.
Roosevelt never had any chance,
and the revelations of the source OF his
campaign funds will hurt him greatly.
M course, every one in Wall Street
tnew ali the time where the money
came from, but his 'holier than thou
cry deceived many throughout the
country. II is a good thing for them
n know the truth. 1t is time the peo-
pie we're undeceived about these
things"
Mr.. Seligman is very optimistic about
business conditions in America.
everything points to big business
year" he said. Crops are enormous
and earnings OF railroads already point
10 what may be expected in the next
few months. It is hard to see how
ANYTHING short of world calamity can
hold back America. l don't think any
election can do it, The country is
going ahead, anyway. no matter who is
elected"
Doesn't Fear Balkan War.
Mr. Seligman did not think the Bal
kan war would have a bad effect on
American affairs. On the contrary, he
thought It might be a help.
81 don't have much fear of the eff
fects Of the Balkan trouble, either In
Europe or America" he said. 1T GER
tainly won't do any injury to America.
Il will amount to no more than tenn
porary furry at the worst. l have
talked with many fnanciers In Ger
many and England, and all think a
Balkan war will help America by Gre
ating a fresh demand for American
foodstuffs and other products.
"Of course, Europe is now throwing
over American securities. but this Will
mean money for America eventually
and probably in a very short time. as
America is now buying back at low
prices securities sold at high prices.
and will soon sell to Europe again at
high prices once more.
"As for Europe, while there is bound
to be a good deal of nervousness, which
accounts for the present situation on
the bourses, / don't think there Is real
danger of war spreading beyond the
Balkans. The great powers understand
too we'll the necessity Of combining the
war area and are working in close har-
mony for this purpose. ! expect to see
the European markets soon recover
from this preliminary panic.
Another thing 1 noticed" Mr.. Selig-
man continued. is better feeling be-
tween Germany and England. There is
undoubtedly nothing like as much
bitterness between the countries as
year ago The tone Of both Ger
man and English papers shows this,
and any one who moves much among
the German people must notice a better
feeling in the general talk.
oermanys Navy Plan.
"Of course, Germany is building
big navy and forcing a rapid pace in
that respect, but she is building ships
in accordance with a plan laid down
several years ago, and it is undoubted-
ly true that Germany believes her navy
makes for the peace of the world. At
any rate. the naval increases Will have to
stop soon. as the people can't stand
the burden Of taxation required TO
build ships and support the navy.
"Germany's forced rate Of naval ex-
penditure has laid a tremendous bur
den Of taxation on the English people,
but heavy as taxes are here. they do not
compare with Germany, where the
taxes often double the rate in Eng
land. The people, mean the mass of
people who work for living and pay
~ per cent of the taxes-can't carry
the burden much longer, and will re-
fuse to accept a further increase.
When this happens naval expansion
Will have to cease, and the ruling
classes will have TO recognize that true
rivalry Is commercial, not military"
Mr.. seligman deplored the false i'm
preston OF America given by the wide
spread publicity throughout Europe of
The Rosenthal murder, New York police
graft and similar stories. He said:
1t Is most unfortunate that Euro
peau papers print as almost their only
news from America sensational crime
stories. This is undoubtedly due in