Daily Kennebec journal., 1914-01-06
Touching "Abidinq Eaith,u

The Pittsburg Dispatch, a Demo-
cratic publication in the smoky city.
publishes its annual financial and in
dustrial review edition In red ink In
the center of the first page is a pic
ture of a man after the Ben Franklin
style, listening to telegraph instru-
ment presumably chronicling very fav-
orable tidings from the outside. His
face is wreathed in smiles, and he is
writing, A Happy New Yea.
Across the top Of the page-way
across-is more red ink in huge dis
play; ABIDING FAITH IN YEAR
1914 FELT THROUGHOUT THE
LAND The picture is surrounded by
a dozen letters from what is too-evi-
IDENTIFY selected list of publications.
Two or three thick-and-thin Demo-
cratic newspaper editors show almost
hysterical enthusiasm over the glow
ing prospects and the outlook for
1914 rosied over with the cheerful sun
OF confidence and good cheer" These
are at the top of the page Of the 9TH
ers the following abiding faiths" are
interesting samples:
BALTIMORE AMERICAN.
To the Editor of The Pittsburg Disnatch
baltimore, Md, Dec. 31.-The American
hopes for prosperous 1914 1t cannot
commend those Democratic politics tnat
nave borne fruit in the tariff and cur
rehcy measures at the behest of Presi-
eens osiis wilson. % II knows that the radi-
snip or telephones and telegraph lines is
fraueht with danger President Taft 3
ADMINISTRATION was marked with wide
spread prosperity, and though business
conditions at the present time are far
from satisfactory, we hope that they will
soon ADJUST themselves to the new laws
and be benefited by them. This is a great
ihno th and Its industrial development is
the marvel of the world. 1t is our sin
cere hope that nothing will check the
prosperity of the country or long retard
Its progress.
FELIX AGNUs,
Publisher Baltimore American and Balti-
more Star
THE HARTFORD CoURANT.
To the Editor of The Pittsburg Dispatch: /:
hartford, Ct, Dec. 3.-New Eng
passing OF the New Haven dividend, fol-
lowing the Boston & Maine, has brought
serious trouble into many households
Many New England securities are near
thelr lowest known figures. Factories
hereabout are many of them running on
reduced time with reduced force The
managers, however, are not Respondent
they feel that after readjustment to the
new conditions business should pick up
again and that the shortness of supplies
caused by short time will meanwhile
compel considerable trade. In some lines
too, there has been little il any let-up
as yet, but there the managers say they
are wondering when II will come. I'm
doubtedly more uncertainty prevails
than for years past at this season. Still
the Christmbas trade has been excellent
feet as quickly as any other part of the
perimented with from Washington.
CHARLES HOPKINS CLARK.
THE PHILADELPHIA INQUIRER.
To the Editor of the Pittsburg Dispatch;
Philadelphia, Pa. Dec. 31-Business
faces an experiment with the tariff and
the currency. Manufacturers must wait
the effects of the low duties To the ex-
tent that foreign products are imported.
American products must fall off. The
great textile industries are marking
time. Foreign mills are reported to be
doing good business with their custom
airy patrons, and there must be plant en-
largements before vast quantities of
goods can be dumped into this country.
Hence, the full effect Of importations
will not be felt at once. but must be
brought about gradually. The American
manufacturer is always hopeful, and he
is still hopeful, but not optimistic. He
intends to keep his machinery going IL
possible, but he is In the position where
he simply cannot tell what will happen,
because the importer is a factor with
whom he cannot reckon.
JAMES ELVERSON, JR.,
Editor and Publisher Philadelphia In
quirer.
Such abiding faith ought to con-
yere the President and Cabinet for a
round of self-congratulation- pur-
chase Of stock in foreign industries.