The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1916-08-25
OUR COUNTRY SOLiDLY Pros.
Porous.


q political party only recently entrusted
with power. to succeed itself, when the |
next appeal to electors 10 made. OF
course no administration ever has been
able TO do the thousand-and things
promised on the hustings In order to
secure votes, nor has any honest method
ever been devised to appease the dis
appointed army Of Office seekers who
travel In the wake Of apoliticAl victory.
Il 10 not therefore surprising to find the
oppoaition invading President Wilson's
camp to capture this class Of voters,
bat It 10 surprising to find them attempt
Ing to create discomfort among voters
on the basis that the country 10 not In
prosperous condition. there being only
spasmodic instances Of Il which are In
cident TO the Continental War.
What 10 true prosperity Az we un-
derstand II, where . people are gener-
ally engaged In their various caIlings
and are receiving for their products fair
remuneration with good prospect OF
its continuation. we have 9 safe founda-
tion for prosperity.
How 10 It In America todayf Well,
labor unquestionabiy 10 as busy a. Il
chooses TO be, with concessions as to
hours, wages and general advantages
which few years ago were not thought
Of by its fondest dreamers. The most
convincing evidence Of thisis that, con-
scious Of the pressing demands for II,
the country awaits with dismay what
may be the end Of q railroad strike
which would cripple capital. paralyEe
trade and greatly Inconvenience every
one. Such o strike is never called when
there 10 little doing In the commercial
world.
Agriculture, the production Of the
fruits Of the earth at rsmunerAtivs
prices, has never been more attractive;
the cereals. meats and cotton are all
being raised and cold At fine profit.
Prices, while 10 degree stimulated by
war demands. are chiefly fixed by our
home consumption which 10 ever incrsas-
ing and hence they are likely to con-
tinue good.
Manufacturing 10 being conducted on
new high pressure basis never before
known. The iron and steel trade, which
IL always taken as an infalllble gauge
Of success In the industrial world, 10 al
most beyond comprehension In both
volume and prices, and the common
stock Of the United States Steel Corpora
tion has acquired new record price.
The manufacture OF munitions for
Europe, often referred to 40 the cause
OF brief war prosperity, necessarily
cuts but small figure In iron prices
since munitions cover only two per cent.
Of the iron trade.
Engines are now running over roads
whose rails long lay rusty from disuse.
while nearly all standard roads are so
overtaxsd with business that they have
laid an embargo on the shipment Of one
or more Of their heaviest articles Of
traffic.
One Of the most convincing evidences
OF general prosperity based on the
healthy condition Of the country instead
Of the spasmodic demands of war-trade
ID the condition Of the financial market.
II 10 agreed by all leading financisrs Of
the country. irrespective of political
preference. that modern legislation
crystallised In the regional bank system
has done oil that was claimed for II
towards preventing the congestion OF
money In few financial centers at the
expense of the country at large, thus
remedying the Inconvenience and loss
heretofore suffered for lack Of q circu.
lsting medium. Today anyone may
easily secure on loan all the credit his
estate win warrant and securities may
be used as collateral to loan, which |
were never before available for the pur-
pose.
Under these conditions, which have |
been detailed with the utmost conserva.
tism, II 10 not only fair 10 draw the con- |
clusion that our country IL not only Q |
pretty safe but pretty satisfactory
one in which to keep the wolf from the |
door; but It sounds equally reasonable
% give due credit to the administration
for its wisdom shown In producing these
results. When international wars shall |
have ceased. the inequalities In the
tariff prepared for peace conditions win |
fade away, or be readjusted to meet /