White Pine news weekly mining review. [volume] (East Ely, Nev.) 1910-1920, 1913-01-12

IN prices TOT RoiiAANdA as u
ness reasons. To build soundly Is to
build wisely, and il is sound policy
from a business standpoint not to
destroy demand by a too swift rise
In prices.
As to the political argument
there is abundant opportunity TO
/ speculate touching what is wise or
foolish. The presidential election
is over and the results are before the
people. While the campaign was in
progress the froth that rose TO the
top was more in evidence than the
real substance beneath. II Is n
thing to appeal for votes and quite
another thing to redeem the pledges
of a campaign in the form of legisla-
ton. The party in power pursuant
to the voting in the previous election
has until the fourth of next March to
attempt legislation of various sorts;
but, with the executive and legisla-
tive branches not as one politically,
there is small likelihood of important
action being taken until the con-
gress last elected comes into power.
That congress is a factor of mo-
ment in considering the business out
look for those industries affected by
the tariff. There is to be tariff legis-
lation and ii follows, as night The
day, that certain industries will pro-
coed cautiously with their plans until
daylight regarding the matters that
interest them shall come again,
which will be when new laws are as
good as enacted. Then there will
be a prompt attempt TO dis
count the effect of those laws.
1t is probable that the after
effect of the late election upon
business will be greater than the pre-
liminary effect, for it was the boast
that the election was not of conse-
quenee TO business prior to the
balloting.
In the Hustling West.
The vests composed and unhys-
terical attitude toward politics has
been growing for half a decade"
says a writer recently. and he con-
tinued 1T is not altogether the re-
suit of prosperity. though that has
been an influential cause. 1t has come
out of the more settled character of
the population and the fact that in
bank deposits and invested savings
there are that relieve the
average citizen of worry oyer con-
ditions." The same writer quoted
the following from a "hardheaded"
farmer:
While the sun shines and the rain
falls We are going to have something
to sell that the people of the world
must have; and if we are fairly out
of debt 1t will take a great deal of
depression to get around to us.
On the far western coast of the
country the claim is put forth that
business activity is breaking all re-
cords, as indicated by building per-
mits and clearing house exchanges,
the second largest city on the coast
showing building permits for three
quarters of the year amounting to
over $4,000. 900. IA total o ap-
preached by any city of double its
size in the entire country" Propor-
tionate activity is shown in other To-
calities along the coast. To the pres
ence of reeord-breaking crops is
attributed this fortunate situation.
The orange and lemon crops of the
coast section are expected to furnish
fifty thousand car loads for ship
ment this season., or more than at
any time in the past. Potatoes and
other products have likewise been
the best ever. Sentiment gets a great
stimulus on most of the European
bourses: caused seven large Eu-
ropean banks to advance their dis
count rates; and these things, with
the unloading of a lot of American
stocks at first on London from the
continent and then by London on
New York, necessitated a radical
change of program by the banks of
New York.
Perhaps it is fitting to say that
business expansion will be measured
by the ability of the United States to
finance the movement, other things
being equal. Nor must it be forgot
ten that this country has serious
problems affecting business on hand
Each of the principal political par
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