Saturday news. (Watertown, S.D.) 19??-19??, 1914-01-29
Eastern Bankers, Manufacturers
and Railroad Men are Very
Optomistic this Year.
BRIGHT OUT LOOK FOR 1914
New National Currency Law
will Make Financial Panics a
Thing Of the Past.

ulWS va GAtC dSts
Chicago, Jan. 2S.-Business condi-
tions in Chicago and throughout the
country are decidedly better than they
were a short time ago, Nineteen
hundred and fourteen promises to be
year of profitable activity The
present looks like a good time to go
ahead
Thousands Return to Work.
That, in brief is a summary Of the
views expressed by a number of prom
inent bankers, manufacturers and
merchants interviewed yesterday
Since Jan | several thousand men
who had been laid off late in 1913 have
been put back to work in different in.
dustries. Reports are that working
forces will be still further Increased.
9eints for encouragement
Among the points advanced as In
dicating an active business year are:
The seeming certainty that the rail-
roads will be granted an advance of
5 per cent in freight rates.
More plentiful supply of money and
lower interest rates.
Coming Inauguration of the new sys-
tenn of regional reserve banks, which
lis counted on TO make panics impos-
sible.'
Better understanding between busi-
ness men and the administration
.. Ogden ARMOUR who conducts one
OF the greatest bugilisas ssnter EIises in
the world, expressed his satisfaction
with the present business outlook.
"eThe business outlook is rosy, in
deed said Mr.. Armour. The manu-
facturers will be busy and money will
be easy.
Bankers in Chicago repeat the opti-
migtie go ahead assertions made IN
the city by Secretary of the Treasury
McAdoo. Those are my sentiments, \
said James b Forgan, president Of the
First National Bank, and added that
the $50 ahead spirit, coupled with a
general feeling#of optimism, presaged
a better business condition
Money Rates Softer
Money rates are softer than they
have been in months Rates are set
Ting around a s per cent basis in Chi.
cago. Money is flowing in from the
country iii large volumes, but it is a
natural situation at this time Our
customers report that business is pick
ing up and the collections are fairly
good
John ]. Mitchell president of the
Illinois Trust & Savings bank, said;
Business sentiment has improved
greatly in the last week or ten days,
although the tangible developments
which should show as a result of this
condition, have not as yet become nu-
nierous. I believe that if the railroad
rate advances are allowed, and i am
of the opinion they will be, the Incl.
dent viii have a splendid influence
based upon the better feeling which
already has been established"
Patten Hopes for Prosperity.
James A. Patten. declaring that he
hoped for prosperity during the com
ing year, said that the results accom-
plished SO far had been small
q. D. Hubert. vice president OF the
Merchants Loan & Trust company
pointed out that the fact that manu-
faeturers we're inclined to increase the
working forces in their plants was
one Of the best Indications Of better
conditions.
y Write optimism In blackface type
clear across the page and you will ex-,,
press my sentiments, { said Harry N.
Wheeler, vice president of the Union
Trust company
salesnsa For general mercantile
trade IN South Dakota. to sell a new
proposition or merit Attractive COM
,niseion contract for 1911 $500
weekly for expenses Miles Fl Blk
Ter Co. Wholesale jewelers.. 254-2
Cariin Bldg, Cleveland, Ohio. sSs*
Ii. a. Hanten. who underwent an
operation at one Of the local hospitals
some time ago for hernia is again
able to be about the city