Eastern Utah advocate. [volume] (Price, Utah) 1895-1915, 1914-05-21

Henry Clews. the Wall street.
banker, has the following TO say
this week relative TO economic con
ditions:
Perhaps the most encouraging
newe n that OF the expected adj
tournament OF congress before tho
middle OF July This " earlier than
anticipated. Needless to say tho
country will welcome such a highly
desirable event. business men and
all upon whom the responsibility
for initiative depends have been
harrassed and perpioxed by govern
mont interference and an excess OF
new legislation that has unauestion-
ably been che main cause for the
present depression In business. This
, policy has not only produced a dis
oouraged state OF public mind. but
has made a practically impossible
to make plans for the future. with
out mourning dangerous uncertain
ties. when business gets a rest
from Legislative meddling, courage
win revive: and thore u no doubt
hut that business will quickly re-
spond. Tho political outlook IL
stiil IN many respects unsatisfactory
and unsettling, although the beiief
grows In we'll Informed circles that
radicaiiam will receive n decided
setback through the ballot at the
next election. At present our law
makers are unconaclously doing
their best 10 MULTIPLY empty dinner
pals. instead OF trying to restore
prosperity. During the frat four
months Of the current year the new
interpretations In principal states OF
the United States aggregated only
s365. 900. 900. against sss.ooo.0oo
the same time iast year. This as
tonishing ahrfnkage OF about go per
cent IN now enterprise Il largely at
! tributable TO political conditions.
Mexican War Cloud.
'sThe most potent factor m the
financial situation y OF coarve The
Mexican problem. Thus far war
haa been successfully avered. II
must be admitted. however. that In
high political circles there "a very
little confidence In tho success OF
mediation. should mediation fail
no one can tell what may follow. Il
4 TO be- hoped that Intervention
: win be avoided. and that Mexico
will he allowed like any other other
\ nation or any other individual 60
work out Ia OWN salvation, should
We be- forced TO Intervention, which
heaven forbid. that may be a long
and costly struggle. Perhaps We
have seen the worst Of the effects
OF tho Mexican difficulty upon this
market. but Intervention would
come as shock and would cot loos
a whole series of new activities
witch must materially Affect caleui'
ations entering Into the future. AZ
Just said, the money and security
markets might be affected BY bond
issues. business would be temper
arlly unsettled by new taxation. Il
= being reported on good authority
that the administration Is eontem'
: plating tho imposition of stamp
taxes. taxes on coffee. tea. sugar
I and beer; also a further Increase IN
the income tax. Sugar changes IN
the tariff would Of course neoessi-
tate fresh rcadjuatment In business
| Armed intervention would also cost
vast expenditures IN certain direc'
tl0ns which would OF course stimu-
late cqrtain lines OF business, par
ticuiarly those engaged In furnish
ing army supplies. Altogether the
Mexican situation "a a most unfor-
tunate one. aud cannot iegiiimately
be Interpreted az a legitimate mar
ket feature. Nevertheless. a ma,
serve TO turn the public mind from
= Ills upon which A has dweh Toe
long and perhaps too seriously. II
will stir up new activities. Greats
!. new Interests. War often stimuli
\ ates Initiation: and military invasiO'
] OF Mexico viii ultimately DO follow
I ca by more peaceful invasion o
\ American capital and labor, whiel
] Will rebound TO the benefit OF III
4 United states. In the long run an
operation. however costly n may be
! that will insure peace and prosprit'
Z 70 Mexico with its vast territorl
\ ana 10, 900. 900 OF people. viii be Al
] elemcat OF future prosperity for IN