Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1914-07-07
CAUSES FOR DEPRESSION

To n of the New York papers Sir George Paish, editor of The
Staist and an economist of European reputation, a few days ago gave
his views of business conditions and the financial outlook in the United
States.
"What is happening" said Sir George, lis 10 peculiar to the Unit
ed States, but is incidenta, to the business situation generally. We cal
cuated upon this reaction for 1915, but it has come earlier, and be-
Geve an improvement is near. AS to the United States the shortage
OF the maize tcorn) crop last year is ne of the contributing causes
Such a shortage is inevitably followed by a shrinkage of trade.
"A more immediate III is the delay in the decision of the Inter
state Commerce commission For that the president cannot be held re-
sponsible. You cannot expect the railroads to concede such a big in
crease OF wages in so snort a time without giving them m set-of
against such an addition to their expenses.
"f the Interstate Commerce commission grants the increased rates.
business will show distinct revival especially with the prospect of good
crops this year.
There is no fundamental reason for depression. The American
people are enjoying a great income which no one doubts will show
enormou expansion as time goes on. But, naturally, if a great indus
try like the railway is uncertain of the future, it will OF spend capital
at the normal rate and many trades ire affected especially the Steel
equipment and timber trades.
disposition to g O easy until the international political situation, partc-
ulary in the Balkans, shows signs of being adjusted.
"Of course, business is nw on such big scale that it demands free
investment Of money by investors everywhere to keep it going. The
main eau OF the existing situation is that continental and American
investors have lost their nerve.
AS to the security markets, the great accumulation of money IN
international money markets foeshadows extremely low rates of dis
count. which rarely tails to bring about a substantial rise in the price of
securities, especially high class ones.
"The insecurity in the Balkans and in Mexico all contribute toward
intenshyrng the trade reaction, which, after their adjustment, will sure
iy be followed by greater expansion than ever known before.
These reactions IRE good things. They result in the survival If
the ftrest and in renewed and enlarged expansion along safe lines"
Judge Ebert II. Gary, chairman Of the United States Steel corpor-
atino, looks for an improvement in business this fall. He sailed o the
said. 81 believe that in the early autumn W e shall see a Improvement
in our business condition We are already witnessing a n increase in
tonnage, and it will be further increased, trust The mere fact that
tonnages IRE increasing from day to day will naturally influence some
improvement in prices"
The old style OF Campaigning" with booze and cigars is becoming
questionable. County central committees IRE instructins candidates
ing by candidates or for candidates is ruled out by the Corrupt Prac-
tees law.
Wonder what is the pay per diem for medhting? That looks like
a good steady job in nice surroundings.
Mr.. Frank vanderip wants every pag of the Congressional Record
read So they are. That's why the government hires proofreaders.