The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-06-05
FINANCIAL REVIEW
OF The PAST WEEK
Presidential Politics Is Hold
ing Banking and Bust
ness Attention.
MAY HELP CONFIDENCE

and the large output Of new issues
past and prospective, together with
the liquidation to be absorbed from
abroad. The need or likelihood Of some
reaction from the great expansion Of
trade and industry 10 emphasized and
o~autionary comment dwells on the bank
igureA which suggest some stifYening
Of rates for credit accommodation in the
not distant future The %dihfcult!es Of
fcred by the unrest Of labor are ad-
duced along with the uncertainties Of
the crop outlook. and then. to reinforce
deductions along this line. notice IL d.
rected to the hazards Of tho European
war and the chance Of a sudden termi-
nation. while the unsettling aspects OF
domestic politics advertise themselves
Yet neither business nor wall Street
shows signs Of a waning Of optimistic
confidence. Instead there seems to be
disclosed under all tests a sound and
solid foundation for values to rest
upon. Nor Is there any reason to debate
At great length the c%autionary consider
ations which the whole situation reveals.
The more attention Is engaged with
them the more surely will business and
financial activities be conservatively con-
Quoted with the advantage OF preserv-
ing a good deal Of preparedness for every
emergency which may occur.
Foreign Problems In BACKGROUND.
Foreign matters have. for the time
being. yielded first place in Wall Street
notice TO the all important questions Of
domestic politics. II Is widely recog-
nized that politically this is a year OF
great decision which cannot fail to
have far reaching and long enduring
consequences for the welfare OF the ma
ton, but II Is an Interesting fact that
the Presidential conventions. especially
the Republican convention called TO meet
In Chicago this week. have not been ap-
parently awaited with real apprehen-
sion. The feeling OF finance and business
seems TO be that the major political
parties must subordinate the ordinary
concerns OF partisanship to the vast
political requirements Of the times. The
next Presidential Administration will
cover years of world readjustment. Dur
ing 1t the end Of the European war must
he made in terms which will fix anew
the relationships OF all nations. Aside
| from the International politics OF those
years, reckoning should be made OF the
new era OF economic competition which
will attend the conclusion of the war.
and for which even the belligerent ma
tons are makinR ready while carrying
on the war to its close. The country
must have. IN tho world conditions which
49, rosa ,aoaiJsn q. inforrnea hv
$500, t,dSw.n,
Tho On. ,hinv witch mo, %, affairs
,,ya hoon ,,os, c,r,ous .hou, In advance
- che Irasi5an,tai canv,ss has hoen ,hc
nroha ,;,i,,as % on or~sc,u,, rcoryani,a
IT, ~, ,ho p~enuhlic,n Marty Trb,
s,rnr,.r ,ho oandid.,s named and ,bs
s,ronr.r Tho nIatform adon,sd M Chi.
acc III, hs,,sr hu, uha, Tho rountrv
mos, vans Tor ito future GOOD is a
s,rrsv,. h.,voer ,u,o rrircin,i CON.
~.ehuers. me canhpalsh VIII ,nen " la'
mine public policy and will assure the
nation tina, the next administration Of
its government. to whichever party com
mitted. will be held in check BY a strong
oppositlop.
IL we as a people are going to pros.
per and respect ourselves we must have
in Office not only forward looking mer
such as we have had. but practical
minded men capable OF providing The
country with a leadership ADEQUATE tc
meet the exisencies of ALI occas,ons tn,
] fen1HnclpE OF orr notifies IN the last Few
wears have been hostile 10 the produc.
ton of great leaders in any sphere o,
endeayor, political or economic. for ,hs
tendency of political activity has been I,
discourage and hammer tho indiyidu,'
initiative Of men OF large ambition Larry,
energy and large vision The death n,
lanes ! nm in the mas, week noin,,
10 the d~esirabijitv O, restoring tbos,
political conditions which permit a mar
10 yrow 1rea, In servinv TN. country,
opportunitv through the pursuit NJ hi.
own purposee No democracy can ava,
no successful excent "a n conduce. tr
the d~eyelonmen, Of leader. heb,nd vho,,
II can organize itself for anv accom-.
plishment.
Little Fear Now Of Gail "a War.
iesPee. 10 Ioreisn Iaelors IN tn'
ouan"ess Wv nnaleia' Ieekonihs 70
e'N.i' nav uu'y noteo mat III receh'
MIeho ~ 'uea nan an out peeh ois'
49," "a sne Eulop.a" va, ohe,s any
n"Aalu n,oINlns 'he chiteo 'Hta'es
suu'Ne, "o".'.,' susses's 'he "'suoH
'e,"eooeItns ma, .ne war mas peet
tu'. y! SURPRISES ana that desperate et
,o''s tolee d peace may cohJecturali9
me d hmenaee 10 our ehtire neutrality
ine matt. ot peace por'eh's does no
Meisn oI 'ne oahkihs ana business com
nuni'y as an Ihiuence "hich may al
near ua'e nave 10 De oeait WIN. TIT
war Is oeins "aeeu 100 desperately 10
'n,,' EhoeaNofs 10 procure peace arr
sun o"iy "erInahic IN SO far as the,
are OF oeii'sereNr origin ana backing
u.er'utes nave moreover disclosed
nAy m lllAnrnnIa nfnn 4 al.