The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1916-01-07

PSity AoW SCHCIdlly regarded as Ger.
tain to be country wide in 1916. pro-
vlded always that no new 1egisle ton
is undertaken at this session of Con-
gress to hamper business already
over regulated" Money rates dur
ing the entire year have been low and
bank reserves high. The demand for
local Improvement securities has ex-
ceeded the supply and generally fore
ed prices to the highest level ever re-
corded. The market for Eastern Sc
curities is gradually broadening.
While very few of the Anglo-French
bonds were placed here vet an amount
somewhat between 100000 and ST.
OOO,0OO of the hve-year Argentine IS
were absorbed.
ROBERT WARDROBE, President
Peoples National Bank, Pittsburg,
Penn: The manner in which the
United States met and solved the fin
ancial and commercial problems of
1915 is the Nations most valuable
mental asset in facing the problems
OF 1910 and the years Immediately fol-
lowing. 1t seems to have required an
unprecedented dislocation of interna-
tional trade to reveal the character
and amplitude of our natural and &C
CURED resources. and at the same time
1t disclosed reservoir of liquid CAPT.
tai more than sufficient to take care
OF the return of securities represent
ing our capitalized enterprises which
were formerly held by foreign invest
ors. At the same time the country re-
tanned super-abundance of credits
to take. care of the needs of current
domestic trade. which were available
on more favorable terms than in for
mer years 1t is philosophic axiom
that it is easier for the individual to
stand adversely than to stand pros
perity; and what is true of the indivd-
ual will probably apply to Nations.
The business problems of 1916 and
after will be as serious as those of
l9!4-15, but their character will be
radically different. The chief of the
new. problems will be to restrain the
tendency toward extravaganza. This
restraint will be needed for the indi-
vldual, the corporation and the Ma
ton. The need of restraint will COW
er not only expenditures involving
new capital based upon current abnor-
NAL profits, but upon National policies
involving war taxes in times of
peace; upon legislation that will re-
tard or promote our progress in deyel-
oeping outside markets while protect
ing our home market. The impending
presidential campaign must also be
counted as a factor in 1916. Six
months is about as far ahead as the
most experienced men of affairs pro-
tess to see ahead, and for that period
the outlook appears exceptionally
clear. This is particularly true as
regards the financial and industrial
outlook, which in the Pittsburp Dis
trict is specially inviting.
EDWIN SELVIN. Financial Edi-
tor, Post-Intelligencer, Seattle Wash
The situation in Seattle can most ar.
curately be described by saving tina,
the business community has been
putting its house in order in Drena.
ration tor a period of prosperity and
mere is thoroughly liquidated and the
foundation on which to build is the
most substantial in the city's history
Nonhdence is the dominant feature
among all classes Banks hold record
deposits. For the first time in three
years merchants had a saistfactor,
holiday trade. The port of Washinr.
1ion TINS year passed San Francisco In
volume of foreign trade and for the
time leads the Pacific Coast. More
bonds have been bought for invest.
ment IN this section than ever before
Savings deposits are the highest ar
record. vi
J. c: HENSON. Market Editor A.
ianta Journal, Atlanta, Ga: Manufac.
turers, jobbers and Wholesalers r.
this section of the country are CLOSING
the last six months of 1915 as The
most prosperous in their history, Re-,
tailers are reaping a larger haryes,
than heretofore and bank clearing.
are making new high records ever,
gay, week and month. even showine
large increase over the prosperou,
year OF 1913. The Southern farmer.
and cotton growers are in the bes,
condition of their lives. They hav,
raised more grain, less cotton anf
more beef and hogs. They sold mos
or their cotton, paid their debts anf
the remainder of the cotton on banG
VIII be held for much higher prices
tor they can borrow as much as e;gh,
cents Der pound IN Il 81 .