Bisbee daily review., 1914-01-02
Friday Morning, January ?, 1914.
1914 LOOKS AUsPIcIous.


 Opinions of men whose vision is conceded to be clear in observing business conditions unanimous in ex. pressions of hopefuness prosperity in 1sii There has been remarkable in sentiment during ths past few days and for the first time in many months distinct tone of optimism is in the ascendant As is al ways the case the cnange been taking place grad ualy But few have realized it and it needed someone even to drive the fact home
 The event in the letter from President Wilson to Attorney General McIeynods commenting the agree ment that had been made with the American Telegraph x Telephone Company. There nothing in the let ter to signify change in the attitude of the President and much the same sentiment is to be found in his former utterances but not until it was read did tine true significance of his inaugural uterance manifest it. self
 The president said in his inaugural "We are to re- store destroy" So deeprooted was the conviction that President and his party were committed to i'm practical measures that few realized the true meaning of his New Freedom the entirely practical character of his policies.
 There will always he differing views of the influence of lower tar duties but least the of the tarn law of 1913 set at the uncertainty that had existed and made it possible for business interests to know what to prepare for Many believe the high pro tective policy has been the handspring of industrial trusts and therefore, the adoption Of the present tariff was distinct gain in for free com petition fair prices Others believe high pro.ec tion has been the main factor in the immense develop of manufacturing interests and that, to tl' extent the tariff has been lowered trying ar experiment of extremely doubtful character All admit that years of agitation will be for the best tC try out the low tarin policy and judge of its value byresults and also that by ending c uncertainty thai existed progress has been made
 There is also some difference of opinion regarding the value of the currency measure. but it is fac that have gained most oi the reforms for which w' have been fighting during tho past twenty-five year and that the bill if not perfect is near enough to to be considered long step forward, and to place th United States in the list of nations possessing an in telligent currency and banking system. We have SC cured provision for large degree of elasticity in ou currency. mobized and disintoresed contro of the money market II is to be remembered alsc that. willie a central seemed the ideal plan, tha as the regional banks will be organized the basis the capital of their members that tho regional bank il New York will be Of sufficient size meet the need of the big financial It is upe. also that whil the banks in central cities will lose deposit by country banks that these country banks wi have method Of taking of themselves in period of stress and that the central city banks therefore confne themselves to the of their ow section
 It is hard to realize that through with tari agitation and legislation for years to and is harder realize that have attained the of nation possessing intelligent currency and bankin system promising freedom from ponies of the kind fro which have suffered often. many of which wer needless and would be impossible under proper ban ing and currency system. Perhaps than anythin 1t is difficult to realize that are near the end the agitation of the trust question We have been in continual turmoil Of attack and agitation since the part of 1907 when Theodore Roosevelt started the ba rolling We have learned much during that period accomplished much. Starting with the dissolution of q N6rthern Securities Company. we have had the disspl ton of the standard Oil Company. of the Tobacco Cor pany of the Union Pacific Southern Pacific combinato and a host smaller corporations 1t is universal opi ion that we fave bsa sufficient agitation and are req, for reconstruction