The Alaska citizen., 1916-07-31
TEMPORARY PROSPERITY"

TEMPORARY PROSPERITY"
 No Intelligent man is deceived by the temporary prosperity due to abnormal conditions" said MT. Hughes in his telegram acceptin z the nomination of the trump Progress, sive Committee.
 Ii the prosperity of the United States is temporary it is the biggest thing of the kind that the world has ever seen. If 1t is due in part to the war in Europe, there is req son to believe that the conditions which war has produced will be prolonged for many a day.
 How does Mr Hughes know that present prosperity is only tempo rary. and how could the American people have experienced such indus trial and commercial activity if it had net been for the wise legia- lation of the SiXty-third congress, which liberated American finance. industry and trade from the thral- dom of monoply and privilege?
 The total national bank deposits on March last amounted to S10.- 79O 900 900, an increase in one year of $2,19S 100000 On May 1 last national bank depositors numbered 14 ,28S059, an increase of 6,597 ,591 in six years. Savings bank deposits increased from $4,451,555 6SS in 1913 to $4936591,S49 in 1915.
 Our exports for eleven months in the fiscal year 1916 amounted to $3.S73 100000, an increase over the prec eding year of $1,374 100000, and $1 900 100000 more than any previ- ous year. Of the exports here not ed not more than $500 100000 rep resented 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 scale unknown since the Civil war Net earnings of railroads for nine months ending April l last show an increase of SPAS 800 900 over the corresponding period of the previous year.
 The national wealth. which was estimated in 1913 at $1O7 7104, ,211 917 was computed in 1915 at SJ87,739,- 071,090 With more gold than any other nation New York city alone has nearly $50O,OOO, ,OOO of the metal in it's own vaults. Bank clearings for June were $500 900 900 greater than last year. July l the national treasury reported a surplus of $78,- O00,000 as against deficit one year ago of $59,OOOOO
 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 un- der such excellent conditions as is the case in the United States today. No capable man need be idle. Throughout the west, farm hands are offered $3 a day and board. and farmers themselves have rarely eX perienced such prosperity.
 That these conditions are due in will deny, but in much larger way they are of domestic growth. Our interstate commerce is many times greater than our foreign com merce. For the first time in many years all our industrial and conner cial enterprises are based upon a banking and currency system which cannot be manipulated by a private coterie operating today as inflation- ists and tomorrow as contractionists and panic breeders.
 For the first time in years, furth-
 
 themselves largely liberated from the blight of monopolistic taxation levied to help some people at the expense of all the people; instead of greedily attempting to corner home markets. there is an enlight ened and courageous effort by en- terprising men to open up new spheres of trade in all parts of the earth.
 We do not say that these condi- tions are permanent. We do say that they make for stability, and that in peace as we'll as in war it is upon just laws, and not, as Mir Hughes would have use believe, upon meddlesome and discriminating laws, enacted at the instance of interests