New Britain herald. [microfilm reel] (New Britain, Conn.) 1890-1976, 1916-11-11
Henry CZeus
Weekly Letter
Especial to the HeraId)


suit Of the fight between the republi-
can party and the democrat party as
square and fair one, and everybody
should accept inevitable in a kind
1p spirit, forgetting and forgiving the
amin osities which have cropped out
during the contest and be encouraged
by the prosperity now prevailing
throughout the nation and the strong
prospect for its continuance for some
time to come. That is something that
no other nation can boast Of in any
thing like the same degree and should
be enough to make the American
people happy and commended, es-
pecially when they compare their lot
with that of the sufferers throughout
Europe. Many people think that our
present election terminated in a mud
die owing to the votes of the electors
being so close. I think, however,
that is a cause for rejoicing rather
than otherwise, as it will serve to
compel both Of our great parties to
put up, as they have done in this
election, high grade men for their
candidates hereafter and not merely
demagogue politicians. 1t marks
new era for our country, which will
tend to perpetuate our republican
form of government, which [ firmly
believed is the best ever devised by
the brain of man, especially for our
cosmopolitan population-a govern
ment Of the people. by the people and
for the people. The result OF the
election goes to show that there are
but few vital issues at stake between
the two great parties; besides, we are
almost sure to have in the field here
after candidates both learned, capable
and highly representative men, SINH
lar to those who have competed in the
present Hughes Wilson contest.
Hence It is to be hoped that 1T will
lead to the conclusion that both sides
will recognize the absolute necessity
of putting forward their best citi-
zens; then no serious harm Is likely
to happen to our people or country
whoever may be the prize winner. 1t
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 forever
more.
Manv stocks again touched high
records, chiefly the industrial as a re-
suit of big earnings or upon the early
assumptions of republican success.
The reaction started by election dis
appointm quickly exhausted it
self and prices again began a new up
ward movement The impression
gains strength that the high point Of
the market as a whole has not yet
been reached; in other words war in
fation is theoretically at work and
no permanent setback can be ex-
pected until this influence has spent
it's fOrce-a contingency admittedly
not yet in sight. Prices of cOmmOdi-
ties seem buttressed upon one or two
incontrovertible facts; an abnormal
demand, coupled with general scar
city. Wheat, cotton, corn, meats,
leather, VOL, rubber, steel, copper, in
fact practically all important COM
modities 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
to the cost of production. There is
apparently but one check to this up
ward movement, and that is exhaus-
ton Of buying power; there being no
immediate prospect of the war end
ing and no uneasiness regarding the
credit situation. Already economy
and substitution are being practiced
dC home anu Ill llG SHOP, DuL Cn1S,
while symptomatic, is not thus far
important as to it's results. Amer
lean industry continues running at
top speed as a direct and indirect re-
suit of war Influences. The demand
for munitions is expected to continue,
at least until spring, if not longer;
our mills are endeavering to fill the
vods in foreign markets.; our ship
dc in # OF
speed and profits never before expert
enced; while the country itself is now
feeling the powerful stimulus Of the
big profits Of the last two years, es-
pecially 1915
There is one vital thing that is not
scarce, and that is money, the cir
culation per capita being the largest
in our history. Credit is abundant,
SO plentiful in fact that bankers are
already taking steps to avert the dan
gers Of imitation, including the dis
enlargement of gold imports Easier
conditions are also reported abroad |
Money is plentiful in London The |
great banks Of England and France
are increasing their gold holdings and /
rumOr has it that the Bank of Eng
land rate will before long be reduced
from per cent. 1t is quite evident |
that belligerents will be compelled to
come again to New York for financial
aid; all of which tends to permanent
ly increase the financial prestige Of
the United States. SO long as these
influences remain at work, the infa-
ton movement must continue, and
when war ceases there will be COM
pensations to offset their disappear
ance. great industrial awakening
is already on foot in this country.
new industries are being created at
an unprecedented rate. Unless all |
signs mislead, we have already en- |