South Bend news-times. (South Bend, Ind.) 1913-1938, 1916-11-13
MAN REAL ISSUE
IN CANT A|GN SAYS
FINANCIER CLEWS
Says Election Result Shows.
Best All Around Men
Must be Chosen.
(Bv Henry Clews).

the result or the ngnt between TIC
republican party and the democratic
party as a square and fair one.
and everybody should accept the in
evitable in a kindly spirit, forgetting
and forgivinG the animosities which
have cropped out during the con-
test and be encouraged by the pros
perity now prevailing throughout
the nation and the strong prospect
for its continuance for some time 20
come. That is something that no
other nation can boast of in any
thing like the same degree and
should be enough 20 make the
American people happy and con-
tented especially when they com
pare their lot with that Of the suf-
ferers throughout Europe. Many
people think that our present cleo
ton terminated in a middle owing
10 the votes of the electors being
so close. l think, however. that is
a cause for rejoicing rather than
otherwise, as IL will serve TO COM
mel both Of our great parties 10
DuI up d. AlANg AAohN NC-+N -
election. high grade men for their
candidates hereafter and not mere
ly demagogue politicians. 1t marks
a new era for our country, which
will tend 20 perpetuate our republic
can form of government, which i
firmly believe is the best ever de-
vised by the brain of man, espec-
tally for our cosmopolitan popula-
tion-a government Of the people.
by the people and for the people.
The result of the election goes 10
show that there are but few vital is
sues at stake between the two great
parties; besides, we are almost sure
10 have in the field hereafter can
didates. both learned. capable and
highly representative men, similar
to those who have competed in the
present Hughes Wilson contest.
Hence. il is 10 be hoped that il will
lead to the conclusion that both
sides will recognize the absolute
necessity OF putting forward their
best citizens: then no serious harm
is likely to happen TO our people
or country whoever may be the
prize winner. If that fact becomes
recognized. as it should be, by our
voting population, then the best all
around men will be selected for
nomination on both sides and all
will be we'll now and forevermore.
Stocks Take Jump.
Many stocks again touched high
records. chiefly the industrials as
result of big earnings OF upon the
early assumptions of republican
success. The reaction started by
election disappointments quickly
exhausted itself and prices again
began a new upward movement. The
impression gains strength that the
high point of the market as a whole
has not yet been reached; in other
words war imitation is energetically
at work and no permanent setback
can be expected until this influence
has spent it's force-a contingency
admittedly not yet in sight. Prices
Of commodities seem buttressed up
on one OF two incOntrovertible facts;
an abnormal demand. coupled with
general scarcity. Wheat. cotton
corn. meats, leather. wool. rubber,
steel. copper in fact practically all
important commodities have risen
sharply since the war. Naturally the
cost Of living has increased, and in
many cases, though not all, wages
have risen. thus adding 10 the cost
of production. There is apparently
but one check TO this upward move
ment. and that is exhaustion of buy
ing power: there being no imme-
date prospect of the war ending
and no uneasiness regarding the
credit situation. Already economy
and substitution are being practic-
ed at home and in the shop; but
this, while symptomatic, is not thus
far important as to its results.
American industry continues run
ming at top speed as a direct and in
direct result Of war influence. The
demand for munitions is expected
TO continue, at least until spring,
if not longer; our mills are en-
deavoring 10 fill the voids in foreign
markets: our shipyards are turning
out vessels at speed and profits
never before experienced; while the
country itself is now feeling the
powerful stimulus OF the big profits
Of the last two years, especially
1916.
Money Plentiful.
There is one vital thing that Is
not scarce, and that is money, the
circulation per capita being the
largest in our history. Credit is
abundant. so plentiful IN fact that
bankers are already taking steps 10
avert the dangers Of initiation. in
Guiding the disbursement Of gOlc
imports Easier conditions are also
reported abroad. Money is plentiful
in London. The great banks OF Eng
land and France are increasing their
gold holdings and rumor has il that
the bank Of England rate Will be-
fore long be reduced from six per-
cent. IL Is quite evident that belliger-
ents viii he compelled 10 come again
% New York for financial aid. all Of
which tends TO permanently increase
the financial prestige OF the United
States. So long as these influences
remain at work. the imitation move
ment must continue. and when war
ceases there will be compensations
10 offset their disappearance A
great industrial awakening is already
on foot in this county. new markets