Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1914-06-03

to some of the less vigorous sys-
TENS. That enterprise is still lag
ging is proved by the estimates of
new capital issues for May, which
are given at $121, O0O, 900, compared
with SAL, 900, 900 a year ago. The
striking feature of these returns Is
that $5S, $1,000 of railroad notes
have been issued Tor extended) in
May as against $35, 600, 900 a year
ago. This is an increase of $23, OOO,-
600, while all other forms of new
capital issues are either stationary
or falling behind. The enormous in
crease in the floating indebtedness of
our railroads during the past few
years is a striking proof of the diff
culties of raising new capital, trace
able family to political attacks and
disquiet.
Optimistic.
i firmly believe that the time has
come to be cOnservatively optimistic
regarding Wall Street and the bust
ness situation, as the Mexican affair
is evidently nearing a settlement
through the wise action of the medi-
ators at Niagara Falls. They will
think propose the formation of a com
mission composed of say three or
more members with power to select
a successor to Gen. Huerta as Pro-
visional President who should be
satisfactory to President Wilson,
Huerta and Carranza. With the re.
moval OF the Mexican cloud, to be
followed by an adjournment of Con-
gress in the fore part of July, to-
gether with a, retaliation of our crops
panning out as now promised and the
rate question settled by a liberal al
lowaace, ! predict a substantial re-
turn OF prosperity to our entire ma
ton and a final restoration of annie.
able relations with all foreign conn.
tries. 1900
Results Pleasing.
With such happy results our long
suffering aid patient people cannot
1al to enjoy a renewal of good times
"a contamination devoutly to be
wished" Neither our Government.
nor any other foreign nation. has a
right to interfere with the Internal
affairs of other countries so long as
their citizens and their p%roperties
are not endangered. have M
doubt this will be one of the proyis.
lons' embodied in the decision Of the
niagara Falls mediators, and if we
are governed accordingly we are
not likely to get into another .Mexi.
can embroglio. The selection of re.
personalities Of our sister republics
as Mexican mediators, il they effect
a settlement, will establish a preced.
ent In the solution of all serious diff.
cultles that may arise hereafter l.,
connection with the entire American
Continent. This method, together
with that of the Hague, should be re-.
sorted to without war and be annie
10 prevent in this advanced age the
shedding of the blood of our yonnp
men on the battle field, to whom we
LOOK to carry on and perpetuate mr.
republican form of Government. the
pest which has thus far been devised
1or the welfare of mankind.
Business 10 Quiet.
General business continues o,;ot
out the disposition is to become
more hopeful. The steel industry
contlnues very dull, and it ia stated
That our mills are not running mora
mar 90 per cent of their canacitv
our steer managers, however, are be.
coming more optimistic, apparently
on the theory that the present nor.
1od OF starvation cannot last ;ndof,.
nltely and that replacement orders
must eventually come in more freely
so far as the outlook of the stool
market is concerned, it u ha 70.
membered that cheap money and
good crops are almost irres;stihlo
oulilsh factors. There are still nm.
certalnties to be met and not q faw
unsatisfactory elements to :he deaf
with. Many of these however have
peen literally discounted, and the
more optimistic temper which now
eva is seemingly we'll justified
ana should lead to greater activity
,ater on. This week transactions
nave OF cOurSe hoon o,.,-,