New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1913-04-07

condition by a change of administra-
ton which involves readJustmeh'
of the economic principle on when us
industries and vast commerciaI organ
izations have been erected!
Viewing the reports from various
parts of the country. listening 10 the
men of affairs who have travelled
North. West and South. it would seem
that il is possible that an era OF new
things. of changed conditions. OF
broadening influence and OF more
evenly balanced resourcefulness is
being exhibited.
Ii is doubtful whether so many dis
asters could have occurred al one time
in the past history of this country as
have visited the United States SO far
this year and not have produced more
pronounced adverse effects nationally.
The loss of the fruit crop IN California
and on the Western coast amounted to
around $40. 100000. yet there has been
heard no complaint from that section
and business is running along smoothly
without interruption. Other losses,
such as the foods and the cyclones in
the Middle West and South. while still
i'm the public eye. like the floods Of the
South last year, will pass away and he
forgotten in the new development which
will follow. This is not underesti-
mating the importance of these awful
calamitics. but simply emphasizing the
greatness Of the United states as a
whole and it's wonderful vitality.
A few reasons may be assigned for
the apparent Indifference of this Coun-
try to adverse public happenings. In
the West they are getting ready for the
opening of the Panama Canal. and they
have no time 10 consider the harm that
will come To few interests through
tariff measures or political handicap
ping of certain systems. as they are
looking To the future and the great
volume of trade which the West will
inherit. In the South they are busy
building up a districted empire 50 eX-
| tcnsive and SO fruitful that incidental
irritating measures will not deter the
Southern people from pursuing vigor-
! ously the plan they have outlined. In
the East the effect will be different,
and for The time being more uniaNor-
a bic results may be manifested. Alex
ander j. Hemphil, president of the
Guaranty Trust Company. who by
training and experience is most
capable Judge Of fundamental condi-
! tons has recently returned from a
extending 10 the coast. and his judg-
ment is tat the boundless Western
country is i'm a very prosperous condi-
tion and has sufficient resisting force 10
throw off the effects Of politics during
the period OF tariff readjustment
Bankers everywhere throughout the
country in their letters are sanguine Of
continued prosperity.
The steel business. which has always
been accepted as barometer Of trade.
is not only good but excellent. Accept
! ing. then. conclusion that the bust
ness interests OF this country are in no
danger OF being seriously injured. IL
must be also accepted that the under
! lying security Of American investments
il essentially strong ana that the op-
portunities presented to-day by numer-
Gus investment issues are exceptionally
attra and that the only thing nee
essary is return OF public confidence.
which has been shattered mostly by po-
litical attacks on the New York Stock
Exchange and the sO-called money
trust" In the words of General Grant.
Let ms have peace.