The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1914-09-16
All Interests Cooperating In : Move
ment That 10 Intended to Improve
the General Welfare Of
the Country.
SOUND AND SAFE BASIS
Henry cisws Says People Of All Ma
tons Should Rebel Against Their
Governments to Stop the
War.

NEW YORK, Sept. -Substan-
tlal progress is evident in the
important practical work Of Clarifying
the financial situation. All interests,
without exception, are cooperating
cordially for the general welfare.
The problem Of necessary readjust-
ment has. obviously, been attacked at
its root. Hence, when business in
stock exchange securities is at the
proper time resumed, 1t will then he
on completely sound and safe basis.
The governors OF the New York stock
exchange with their usual conservat-
ism are handling the situation In a
broad-minded way. They may be re-
lied upon to reach proper conclusions.
The financial markets almost in
variably afford an accurate index of
the mercantile and industrial activ-
tiles Of the nation. Thus a stable
market for securities Is dependent
upon the degree of prosperity in those
activities. Our foreign trade which
has been so completely upset by the
arrangement OF foreign exchange IA
cilities is a prime essential to the
progress of trade at homes Sterling
exchange transactions are approach
ling more nearly normal basis than
has been current at any time since
the war started. It should not be
necessary to resort to the expectation
If on 10 re ho
metal. Facilitating shipments of
wheat and other food products that
rae needed 80 freely abroad. would be
more effective. sten - ass
President Wilson has designated
October 4tf day for the American
people to raise their voices in prayer.
that the horrifying carnage that is
now in progress and which means
such widespread desolation and SUI
fering may cease. It is to be hoped
that the prayers of the millions upon
millions of Godfearing people OF all
icreeds, in all nations will be answered
and that the wholesale slaughter, the
obstruction Of homes, the waste Of
| the savings of the unfortunate people
shall not be permitted to proceed to
the extreme Of complete exhaustion.
Let us hope that the day appointed
may In fact prove to be a day Of
Thanksgiving that the derlorabIe con-
ditions have ended. I've
When the war has ended new con-
ditions will arise. The international
struggle will OF course have to be
financed The burden of taxation will
bear heavily upon the people OF all
which side may be designated the
final apparent victors. Happily, our
own country has not been drawn into
the maelstrom and our Increased taxa
ton is merely the result of the in
reference by the foreign situation
with our routine revenues. With the
great arrangement and destruction OF
export markets that have heretofore
been served by the belligersnt ma
tons, our own manufacturers and mer-
chants will unquestionably find many
favorable export opportunities. Con-
gress has already enacted legislation
that undoubtedly means the establish
ment OF merchant marine which
will in turn facilitate the expectation
OF the products OF American farms and
American mines and American factor
les All this means an increase in
our national activities. It at once sug-
gests an increase in the freight ton
mage carried by our railroads and In
| the the volume Of the products of
our manufacturers. Still further an
increase in the volume Of business
means corresponding expansion Of
profits; hence in the value of secur-
tiles of the various transportation and
Industrial agencies. 1t may, l be-
lieve, be taken for granted that Amer
lean foresight and ingenuity will be
found completely equal to the task OF
taking full advantage OF the oppor-
tunities that are SO clearly in sight.
| There is still another favorable
feature OF the situation that will in all
probability follow the arrangement
caused by the European conflict. 4
refer to the worldwide necessity for
economies, that will be forced in all
branches of national. state, municipal
as well as individual affairs. Elk
ttravagance has been increasing on
such a phenomenal scale that some
check has long been needed. The
real effect will be far-reaching.
Abroad, the race for competitive arma-
ments will presumably end for con-
siderable period with the termina-
ton of the war. Our own people have
undoubtedly received an object lesson
Of the necessity of accommodating for
rainy day. They may with good
reason be expected, when their in
comes return to a normal basis. to
take advantage of the low level Of
high grade securities as the best meth
cd OF investing their savings.
Viewing the situation in . broad