Polk County observer. (Monmouth, Polk County, Or.) 1888-1927, 1915-09-10
BRIGHT DAY DAWNING
OUTLOOK FOR THE TIMBERMEN
SEEMS TO BE IMPROVING.
Banker From Middle West Issues En-
couraging Bulletin on Business
Outlook For This Country.

In the main, fundamental condi
tions in this country are pronounce
sound, or at least regarded as salts
factory, by George M. Reynolds, pres
ident of the Continental & CONNER
cial National bank of Chicago, VIII
has just issued a summary of th'
bank s annual business review, baset
on $500 letters and advices received
from all parts of the United States
"With an agricultural yield prob
ably the greatest in history, and hav
ing a valuation not far from $4,000,
100000, with the domestic credit sit
nation improving and with labor bet
ter employed than it has been at any
time since the outbreak of the Euro
pean war, there is sufficient basis for
the hope for better times" states
President Reynolds's letter. "The one
deterring factor apparently is the un-
certainty of how long the war will
continue, and the immediate and ulti-
mate effect on the world s business of
the tremendous destruction of capital
ana NE IN the european cohiiicl' ooi-
iectlons are Lar more Satisfactory ~,
tnan tney were a rev months ago me
dlsposltlon generally seems 10 oe 70
lquldate Indebtedness ana TO proceed
on q more raliohal OASIS.
mere ana there are 10 be 1ound
1 nrlgnt Spots IN the business world.
Inc enormous volume Oh war orders,
covering munltlons ana supplies OIL
valious hiiius required y ny ehe oel,lg
ereht Nations ol Europe mas stlmulato
gu ac.iVity ahiong certain lines OIL
nailul actullhg 10 the extent that
many Pianls are operating perceh-
tage ol capaclty that year ago
seemed practica!ly Impossible.
Naturaily tiils mas given 1resn I'M
pelus " tne Steel industry ana IN
tihe, siloula thls actlVlty continue,
MUS llhu les renec'lon e, IN increased
!aliway tralllc' Inese Two may De
Justly considered tne paste lndustrles
" ene .o'n.iy' anu whiie IL nlignt De
lresl'i1ihs 700 nit'ch 10 regard thls IN
ac'iVi1S oased Oh war orders
40 iliuiea'iVe u d srea. wave OIL pros
perl'y, yet IL IS continuing much IN
'.r1i's ;. re :a 'nenins our in!erila'ional nnan-
IA Posi'ioi ny piiihs up credits
'pioao' itS
% long as tle credlt SITUATION
'proao ooes not become so strained
y " MAKE II practlcally Impossible
or our manufacturers ana bankers
= acceP' the promises 10 pay by the
1urcpeal NATIONS, or the volume OF
reaits GOES not exceed our capital IN
epteaness 10 EUROPE TINS situation,
lccoroihg 10 tne view OF most bank
rs r.. ana manulaetuTers, may be con-
iue1ed SATISFACTORY.
mere are Iew pranehes In the
.eei anu iron industry mat are lag
my aiio III mhich lnere Is any uhem-
loymeht' but with the immense
'ops, correspondents polht out there
louio pe 1hrther Improvement, as,
, 1ar. tne demand from railroads
nd pullnihg Irades Is not much IN
Scess OF one-hal1 OF what IL should {
at thls season Oh the year. one
estimates the general
'nsumptlon OF the IRON and steel IN
1stry IN TINS country today al about =
per cent OF normal and with an
iport trade running 10 10 ~ per
mt Oh capaclty' ne estimates tnat Ia
'r employment is easily on a 10 per
ny oasis :,
Inc immense surplus Oh goid In =
is country VIII make TINS an attrac- =
We Market wnen tne war Is over, Tor g
reign countries which VIII De ooilg- !,
TO sell materials IN America at =
ry low price IN order 10 pring about
return OF gold TO those countries .
is writer suggests. On the other .