The herald-advance. (Milbank, S.D.) 1890-1922, 1914-01-30
Z lHNRl IKTHs7TT WTT
60 AHEhD:.;SPIRITI
To RULE YEAR 1914
THOUSANDS LAID soFF IN 1918
HAVE RETURNED TO WORK u
- -- ~ a IL
I SINCE JAN. l..
CHICAGO FINANCIERS' VIEWS
Big Bankers and Business Men Az
Seem to Be Optimistic-What
the Various Ones Say on
the Subject.

Chicago, Jan. 27.-Business condi-
tons in Chicago and throughout the
country are decidedly better than they
were a short time ago. Nineteen
hundred and fourteen promises to be
a year of profitable activity. The
present looks like a good time to go
ahead"
That, in brief, is a summary of the
views expressed by a number of prom
inent@ bankers, manufacturers, and
merchants interviewed.
Men Put on Again.
Since Jan, l. several thousand mon
who had been laid off late in 1913
have been put back to work in differ
ent INDUSTRIES. Reports are that work
ing forces will be still further in-
creased. @..54s SD
Among the points advanced as ip-
dicating an active business year aras
The seeming certainty that the rad
roads1will be granted an advance Of 3
per cent in freight rates, ..s
More plentiful supply Of money ana
lowersinterest rates. fss @t4'
Coming Inauguration of the new sys
TEN q regional reserve banks. which
is counted on TO make panics impoS
'sible.Y /.
Z Better understanding between bua-
ness men and the administration. 7
]. Ogden Armour, who conducts one
of the.greatest business enterprises in
the world, expressed his satisfaction
with the present outlook. .
The business outlook is rosy, ir
deed, s said Mr.. Armour. 'The mann-
facturers will be busy and money VIII
be easy" s.
III The go Ahead" Spirit.
Bankers in Chicago repeat the Opt.
mistfo "go ahead'f assertions made n
the city by Secretary Of the Treasury
McAdoo. Those are my sentiments"
said james -, Forgan, president Of
the First National bank, and added
that the go ahead. spirit, coupled
with a general feeling Of optimism,
presaged a better business condition.
Money, rates are softer than they
have been in months. Rates are set,
Ting around a 5 per cent basis in Chi
cago. Money is flowing in from the
country ii large volumes, but it is &
natural situation al. 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 banl. said:
business. sentiment has improved
greatly in the last week or ten days.
although The tasaihle deIesQQm4nts
which should show as q result Of this
condition, have not as vet become mt
mesous. | believe that If the railroad
rate advances ere allowed, and i an
Of the opinion theYi will be, tlln sirici-
dem will have a splendid influence
based upon the better feeling which
already has been esta~bhshed,'
Patten Hopes. for Prosperity.
James a. Patton. declaring that he
hoped for prosperity during the com
ing year, said that the results accom-
plished 50 far had been small.
E. D. Hubert, vice president Of the
Merchants Lean 6 Trust company,
pointed out that the fact that manu-.
facturers were inclined to increase
the working forces in their plants was
one of the best indications of better
conditions.
Write Optimism in blackfaee
type clear across the page and. yolf
will express my sentiments" said
Harry N. Wheeler, vice president of
the Union Trust company.