The Alaska daily empire., 1915-08-04
PROSPERITY AT HAND

That the United States has already entered on an era of business and revival is the admission of the financial papers of the East The term admission" is used advsedly for many of the financial publica- ons were reluctant to admit that anything good would come to the country the Wilson administration.
 It is admitted also that great deal of this pros perity that now looms large throughout the industrial centers of the East is due to the currency and banking law The fact that the banks of the West for the first time in history asking for money with which move the crops is concrete object lesson Of the working of this law Notwithstanding that largest crop point of and valuation in the history the country is already beginning to nave from farm city. money is being loaned is being loaned n New York as low 3h per cent years time and @can money" is Represented as begging talk CTS at per cent This is unprecedented for the first of August.
 The steel industry and other manufacturing indus tries are booming. The mining States are working at a. speed never before witnessed.
 clear that all that is now needed to make busi ness good from the Atlantic to the Pacific is demand for lumber The lumber trade is slow in gaining way largely because of the lack of foreign demand Other countries are not as prosperous as the United States and they are not buying lumber. Our mills produce more than our own country can consume However is sateed that even with lumber there signs that the domestic demand will be large during the fall and early winter.
 There win be some of the Western towns which are oyerpopuated because the prosperity of former days rested rather upon real estate and promotion spec uations than upon trade and the employment of labor in the industries. where the recovery will not be as rapid as has been in the East, but it will not be long before labor will be employed there and the man who produces will be able to market his product at an advantage
 It is stated in New York Chicago and other cen ters that there idle man who cannot secure work if he desires and Is capable of working
 The Boston News Bureau. referring to the stua ton July 2ith says:
 Nothing could be healthier than the money
 conditions Year money in New York has ac-
 tually loaned as law as SH per cent and time
 money market broadly speaking is Sl5
 per cent basis Call money goes begging at
 per cent lt ,s obvious that America has the
 sinews of with which to finance boom of
 immense scope
 The steel business is jumping forward by
 leaps and bounds in all departments All of
 the big structural steel plants are working
 fuli time. which is a commentary upon the ex-
 tent of the domestic demand The demand for
 steel to be used in connection with munition
 orders from both abroad and home is tremen-
 dous. All of this buying is stimulating the iron
 market greatly.
 It is difficult to point to any big manufac-
 turing mining industry in the country that
 is not gathering business momentum with every
 succeeding day War orders have long since
 ceased to be the explanation. The United
 States has entered upon a of revival
 which gives not the slightest sign of abate-
 ment