The Bridgeport evening farmer., 1916-07-07
TEMPORARY PROSPERITY"

'No intelligent man is deceived by the temporary prosperity due to ab- normal conditions" said MT. Hughes in his telegram accepting the nomina- tion of the trump progressive commit tee.
 If the prosperity of the United States is temporary it is the biggest thing of it's kind that the world has ever seen. If 1t is due in part to war in Europel there is reason to believe that the con- ditions which war has produced will be prolonged for many day.
 How does MT. Hughes know that present prosperity is only temporary, and how could the American people have experienced such industrial and commercial activity if it had not been for the wise legislation of the Sixty third Congress which liberated Amer ican finance, industry and trade from the thraldom of monopoly and prtvi- lege? a
 The total national bank deposits on March last amounted to $10, 790, ,00O,- 900, an increase in one year of $2,19S,- 000, ,00O On May 1 last national bank depositors numbered 14,28s,059, an in- crease of 6,597 ,591 in six years, Saw ings bank deposits increased from $4,- 451 ,555. .6SS in 1913 to $4,936,5s1, ,S49 in 1915.
 Our exports for eleven months in the fiscal year 1916 amounted to S5,- 73,00O,0O0, an increase over the pre- ceding year of $1.374, 900 900. and $1,- 000, 100000 more than any previous year. Of the exports, here noted, not more than $500, 1000, ,0OO was represent ed by munitions of war.
 In all parts of the country, trans portation lines rail and water, are taxed beyond their capacity. Freight embargoes have been resorted to in many instances. Ship-building is in progress on a scale unknown since the Civil War. Net earnings of rail- roads for nine months ending April 1 last show an increase of $248,800,000 over the corresponding period of the previous year.
 The national wealth, which was es- timated in 1913 at $107, ,104 4,211, ,917, was computed in 1915 at $1S7,739. 071,090. With more gold than any other nation, New York City alone has nearly $500 ,o0o ,o0o of the metal in it's own vaults Bank clearings for June were $600,000.000 greater than last year. July 1 the National Trea- sury reported a surplus of $78,000 900 as against a deficit one year ago of $59 ,000.0 900.
 So far as labor is concerned, we have the word of Samuel Gompers that never before in the history of the world were so many people em- ployed at such high wages and under such excellent conditions as is the case in the United States to-day. No ca pablo man need be idle. Throughout the West, farm hands are offered $3 a day and board, and farmers them selves have rarely experienced such prosperity.
 That these conditions are due in part to war in Europe no one will de- ny, but in a much larger way they are of domestic growth. Our interstate commerce is many times greater than our foreign commerce. For the first time in many years all our industrial and commercial enterprises are bas- ed upon banking and currency sys- tenn which cannot be manipulated by a private coterie operating to-day as inf1ationists and tomorrow as con- tractionists and panic-breeders.
 For the first time in years, further more industry and commerce find themselves largely liberated from the blight of monopolistic taxation levied to help some people at the expense of all the people; and instead of greedily attempting to corner home markets. there is an enlightened and courageous effort by enterprising men to open up new spheres of trade in all parts of the earth.
 We do not say that these conditions are permanent. We do say that they make for stability, and that in peace as well as in war it is upon just laws, and not, as MT. Hughes would have us believe, upon meddlesome and dis eliminating laws, enacted at the in- stance of interests selected for favor and for monopoly. that abiding pros perity must depend.
 If MT. Hughes knows that this amazing prosperity is only temporary, how is he going to prove it?-New York World.
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