The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1914-12-11
THE BUSINESS OUTLOOK

4
Only things the way sharp upturn towards
industrial prosperity in the United States the abroad the
possibility OF continuance political battcring Of big
ness home, Henry Cews in his current weekly
That there is welcome change attitude Of the legislator,
towards big business expected his idea while first
staggering OF the Europe passing Summing III
The business outlook, he says
Looking across Atlantic we find the war still factor o.
supreme importance in American trade Il must be remembered
100000 men under Europe and the
Of the placed by experts $4,000
900 day the rate Of about $O000O00 per year Thes,
figures remembered do not include incidental losses TO war
such destruction of property arrangement Of trade
speak Of the kenng loss Of life and the misery and suffering
millions which be expressed money values NOT
this estimate include the additional losses caused by the
break Of the war in Turkey and Southeastern Europe
without saying that utterly impossible for the world
serve its prosperity Distinct and distant be from Euro
activities entirely escape sharing European
fortune For years large share Of the worlds saving
must be absorbed paying the Of this titanic struggle
ngs out Of which all capital will be unavodaby
duced In other words there will be less capital than usual o
new enterprises and any marked revival OF industrial activity Ii
any portion of the world urgent demand for
good Cash credit may become temporarily abund
ant but genuine capital such derived only from savings
will be relatively for considerable time and vii
command much better rates than before the -
These the effects Of the the
viewpoint and they give only darker picture
u look upon the brighter side After every period Of de
preston public feeling there pychca reaction wher
1.-THE worst has been fairly passed and pessmism invariably give
way spirit Of hopeuness fe real question is have
fairly passed and discounted the worst? would
really had At home have been favored with all the mportan
advantages of good harvest The department of agriculture tell
Jus that the production of all "a
larger this year than last year. and 2 per above the teye
leverage. ! ls. lea }8 se#ysf sis
Iis fact is-o vital Importance in the agricultural sections
the United States especially farming classes and those de
pendent them still the principal element in nationa
prosperity We find the keenest depression financial
te Our industrial ceners have endured depression rather les
severe while the agricultural districts outside Of the bel
have felt the reaction much less than any other Another import
ant consideration that about open congress- witt
distinct promises of less hostile legislation from Washington
this accompanied by policy Of fair play railroads
will have been done towards Fastening ecuperaon this sid
lof the Atlantic. Gsf5fsaef X. tSsi
The cotton crisis about much of the financial
that promised will be necessary The same Of TIL
foreign exchange market The banks
start and have already highly important
in Of future emergencies All things nancia
situation in New York arveousy improved Money
and credit is easier the paper shown
steady improvement Foreign exchange normal than
time the began Our bank have been large
y expanded by the system and both emergency currency
clearing house certificates being rapidly withdrawn The a
ter policy should be persisteny followed in order check go
exports which will surely follow liberal scale If money
redundant cheap Fortunately export
ing from the blow of the and is being further stimulated
heavy which keeping many OF factories
Meanwhile imports comparatively light that liberal
exports in prospect which win keep oreg
obligations and restrain gold shipments Our trade aread
shows signs of having turned the corner" .AB n
1 e p, -ks--