New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-01-02
OUTLOOK FOR 1915
FULL OF PROMISE
v.u St. Men Have Hope
Of Upturn in Trade
and Finance.
orTTER TREATMENT
~ FOR RAILROADS
o.,ae Sentiment Fairer Toward
generations Banking Con-
ditionS Improved.
..~er+ IN industry, ssner and

mont .n industry, saner and
ilF'. ..,,;3rrate treatment OF the
-'H s-1 consequent release OF
a- ,ee8cl Tor improvements with
. banking conditions, are inc
~ qFich leading Wall street men
ior IN the new year.
~ Erb. president OF the Ann
tss .hree reasons for saying
i,- IN the new year. -, r.,
4 ~o+ believe said MI Eror
/ ..-c.+io~s IS they have been
II l ,-v worse. but there are in
- " (ys-,uherc row Of a decided
'.. fo- tho better. .ook Tor pro-
~. i-r-ovemcnt with the begin,
ss .bs new YEAR both In g revival
n. s-..-is' activities and in the gen
,s-s-ces Of the country.
/ I've already have a balance
Il &C., commerce In our favor
81 .--o months past has aver
ss,d16010 @ month. and IS hkely
.-~s an th.s basis for q cousid.
81 tine 90 come. -
s...-i Foreign governments nave
,r tb.s country with our manu-
....-s 20 an aggregate OF S5oV'OOU'-
~ ocr government is about to
~svs' BUDGET which will
-.i f,- err~oyimately $780,
.l-t 60 .-- sr rbri,5i0c and steel
. "''"
,i,A III. change i'm public opin-
-4l,l-, t-s b~o-rh- about the re-
VIZ .-.~,e.o IS certain 70 have
.---,,4 effect and furnish sn eN-
~, s+sta commits SiOns Mich
IE't ' ..,-..t, -~evted an increase
g, ha' pr ,,.....L .ts+ Granted bv the
,''fesPo1.1 '....--. 'C,,-0,ission. and
i,srsia,e ly-' s.-,--.,.,5 tbis example.
1 atina nos -.-.- 20 10 +ba
t.G STAKES a-0
la-G 1900. esc.ors to he
4 These are A' 10 L,,si1ess and
T.s,;eo 10 q
--sge
sees Change OF sentiment
o. believe conditions are better TO-
-, thew have been 90 any time
-be last seven or eight years,
IA william j. Wollman, Of j. ). baehe
~ y. aT5ers has been more construc-
~,-k acne ia the last month, as
isror.-g business Is concerned,
/. :. - Lse 7beer for wears.
~ IN. -s.sr+ decision of the Interstate
- .ss go Tcmr5issior is not all that
.-- 80 for. but IL shows that 8
.-- ~ sririt has come over the
---s;,,;., Public sentiment sll over
4 go s-s+ss nss turned in favor
u - ips-;ee-that Is. people want
II 4. Mood. treated IS they would like
n I, y treated themselves. There has
", q general disposition up 10 tnls
ne 70 kick the dog around ana the
B..fcsas have been the cog.
'Ihs change o. sentiment thSt mas
cone over the people is certainty en-
touraging SIS they now seem 70 reallze
throughout the United States that you
zrro. hurt or destroy one industry
vt.ogt affecting everybody. 49,.
.ns 49, ~ 49, ~ - - 10 With in
-. i i-r the number Of unemployed at
r,.,.-, tbsp srv other cause. II we
1 ,,- mil orrsslves togetber. 1915 ought
H. h q fsir vear
N ,o1itir;srs would not think so
--I sbo,t rr-a1s-.ior aud would 90
- 80 vo-t fCr +ba General GOOD
- 10 s -,-T tls limited states would
,,l he world"
Nothing has shown the develop
/ r,,s clearly 6uring the last 1--WE months
{ Zen the work and influence Of the
4 -sI Investor" saws John Muir, head
A q ne firm Of John Muir & Co. "His
4 -uthsses have been constant. discrim-
4 ,l.re and absorbing He has taken
q =, N he r,srls4 iv,5reds ~ thou
u.s, ~ 5oIIsrs 81 sec,,r;tias
sTss,s sr,su ;v,os+o~s .bor,b+trI
s3 ,irif,v ave- for,D;,'c, he neyv srr1v
h ,ts irvsstr.er+ rrbl7c ~ his conn.
i H.. heir action 81 the nresent time
rptaszes their belief and inspires
ss With confidence in the future"
State Ranks +, petter cbsne
- ~ D,''' 'aP
y. W 'olui'loh OF the state banksi
- % ,he year JUST closed nave CIV
4 ~. !Ie concern, particularly the
l it'sd private banks. Us, according TO
'ei the State Banking Department. emil
beatty satisfactory. Never again, in
oplhl9n' VIII the lax conditions that
Il tr-..ea me Siegel failure, with the
Il 49, OF ,other private banks, with
4 r. u deposits be allowed 70
Z IL.
b . .ae new year starts with the banks
B lazy sho NOSE 30 this department
E ..seulSfly, IN wonderfully strong
4 'alon' said Mr.. Richards. During
year Just closed, all institutions
~ unoer strain, particularly the
.,. private banks IN charge Of this
1.eht' and, ~ consequence, some
lem closed, but 70 the extent that
seak spots have been eliminated
i' ..-.loh mas been strengthened. We
t 20 such happenings in 1915, fol
~" banking law, IN effect some
ls now is working we'll and is ar
@Ne guarantee against a recur.
s Of such troubles
I 's'er again will such conditions OBJ
Il 20 New York as permitted the
B 5ous Slegel failure, and more re-
n disturbances among the private
3 We nave seen the last of thai
q " BANKING.
& w H. Pforzheimer pait a tribute
1 ~. speciality, the oil shares. "Se