The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1913-02-04

United States to nearly fifteen per
cent. for the territory exclusive OF
/ New York City.
From part Of the west, including
] that section which during the Bryan
campaigns was hot-bed Of populism,
comes the assurance that the public
Is not as antagonistic toward the
railroads and large business combina.
tons as it was. On the contrary,
there ts desire to accord corpora
lions fair treatment and not to press
the restrictive legislation which was
so popular four or five years ago.
The public is awaiting with keen
! interest the announcement as to Pres
ident-elect Wilson's cabinet, and while
there is always q great deal of curios-
ity over such selections. the feeling
Is intensified this year because Mr..
Wilson up to this time has given no
Indication of his intentions. There
have been rather general limitations,
however, that the personnel of the
cabinet will contain men identified
with the progressive wing of the Dem
ocratic party; and the hope has been
expressed by business men that at
least one great department head
would come from the strictly conser-
yative ranks.
II In sense the country is now In q
transition period and there Is no
doubt that the changes which are to
be brought about will mark the abso-
lutte abandonment Of many time hon
ored practices. Although such changes
oftentimes lead to temporary compli-
cations, there is nothing alarming in
the outlook, and to the consensus OF
opinion among business men is that
the new administration should be Civ
en- fair chance with reference to de-
filming its policies
While much has been said concern
ing radical legislation which will af-
feet the banks, the money market and
the various exchanges, it is doubted
whether any law will be enacted with
out thorough consideration.
For the whole year Of 1912 this
country exported $5S2, 900, 900 more
merchandise than It imported. On
only four other occasions in the
years 1898, 1900, 1901, 1908--has this
record been surpassed. Under such
conditions the present outflow to Eu-
rope and South America seems to be
wholly abnormal Since the opening
of the year the shipments of gold to
Paris have exceeded s9.oo0,OoO, and
those to South America $4,000
making altogether nearly s15,000,000
The Paris shipments represent yir-
tually the purchase of gold by the
French market through the instru-
mentality of special inducements Of
fered indirectly by the bank of
France The Paris marke. has been
seriously disturbed for months by the
complications growing out of the Bal
kan war. 1t has been estimated thai
in Austria alone the people have
boarded s150,oo000O in cash because
Of the fear that the disturbance would
extend to the great European powers
In France and Germany as well as in
other countries vast amount OF. cash
has been boarded for the same rea-
son. and this has brought about
situation where the foreign banks are
obliged to materially strengthen their
reserves. To do this they are import
ing gold from the cheapest moD5,
market In the world, which happens
to be the United States. Owing to
the heavy return flow of dividend
money to this country these gold
shipments have caused no derange-
ment in the local market.
AS soon az Turkey formally accepts
tie terms offered for settling the