The Birmingham age-herald., 1915-11-25
Schiff and Vanderlip In Line With Schwab About
 American Conditions
LOAN
 PROVED BIG FACTOR
Schiff Even West So Far As to Say Prosperity Is Not Only Here, But Has Come to
 Stay
By HOLLAND

New York, November H.-(Special) Had the annual dinner of the New York Chamber of Commerce taken place on
 Thanksgiving Eve, instead of week earlier, the words of cheer and encour- agement which some Of the members Of
 that association ventured to speak would
 have been appropriately associated with
 the day. This Chamber of Commerce Is
 the oldest institution of it's kind in the United States.
 It has frequently reflected. at the ime
 of it's annual meeting, what seemed to be
 predominant in intelligent opinion throughout the United States upon public
 matters. Its annual dinners have occas-
 ;onaly served for the exposition of some
 of the contemplated plans of the admin istration at Washington of which the
 public had no knowledge until there was authoritative revelation of these plans
 at the dinners. William Windom when
 Secretary of the Treasury, set forth d contemplated purpose of the administra- ton of President Harrison, but 1t was not so striking and anxiety-producing an ex- position as was the one made by his predecessor in that office, Gov. Charles Foster who then made the appalling dis closure of the fact that the gold in the federal treasury was being rapidly
 drained, statement which seemed to be prophecy in view of the sad experience of President Cleveland when for three years of his second term he was attempt ing to keep a sufficient supply of gold In the treasury.
 At the meeting of the Chamber of Com merce last week, there were no disclos-
 ures of purposes of the administration, although the Secretary of Commerce, MT Redfield who had been invited to be a guest and to represent the administration, said some things which seemed to hint at the purpose of the administration not merely to keep it's hands off business but in addition to encourage business so that these beginnings of prosperity, of which Secretary Redfeld spoke with dig nified enthusiasm and be maintained un- til they are no longer beginnings. SIGNS OF PROSPERITY Perhaps the first word spoken publicly by a man of recognized authority and of worldwide experience to the effect that prosperity is not coming because it is already here, was the statement of Jacob II. Schiff. He is a banker who in dis eusslons or public questions has some | times been disposed to be critical espec- | lally in financial questions He if was who at a meeting of the Chamber of Commerce ventured severely to criticise certain action taken by Gov. Leslie Shaw when he was Secretary of the Trea sury for the purpose of enabling the farmers of the west easily and conveniently to move the crops from the field to the market.
 If MT Schiff criticised the Secretary of the Treasury. he was himself severely criticised for having spoken as he did at that tune because the feeling commonly held in banking circles throughout the united States at that time was that there might come serious financial trouble grave disturbances of the money mar ket, unless the farmers were assisted in 1 their annual crop movement