The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1916-01-07
CASTORIA
For Infants and Children.
The Kind You Have Always Bought
s' ss.ss se: Of &h4@Szs.

active, some have not been so busy
in years The unprecedented trade
balances in our favor have enabled us
to further strengthen our already
amply gold holdings, which, together
with the Federal Reserve Banks. have
fortified us to an extent that will en-
able us to finance any legitimate bust
ness expansion. The future is always
difficult to forecast, and especially so
now when entirely new worldwide
conditions confront us but there is
nothing to indicate that we shall not
have very satisfactory volume of
| business during the continuation of
the war. After that there will be re-
adjustments, but there is no reason to
expect a drastic upheaval. We shall
probably have to meet keen competl-
| ton and our efforts should now be di-
rected towards securing and holding
| the permanent markets for goods that
enter into daily consumption, leaving
the making of war materials more
largely to the beliigerent countries.
BRECKENRIDGE JONES. Presi-
dent Mississippi Valley Trust Co.. St.
Louis: The past year has been try
ing year for both financial and COM
| mercial institutions in the Middle
| West The West has not been so
distinctively the beneficiary of the
war order business, but in the last
ninety days the tide of prosperity
has been swelling in this section q
the country, until now all lines Of
manufacturing, jobbing and transpor-
tation are actively engaged. In my
opinion this incoming tide will con-
tinue until there is some concrete
suggestion of peace among the war
ring nations of Europe. The general
momentum of business in this coun-
try will carry the prosperity beyond
| the conclusion of peace. but when
peace shall have been concluded in
| Europe, We will find that the shock
that those Nations have incurred
| will have to be absorbed to a certain
degree in America, and rather pro-
longed period of business depression
will then be due The natural buoy
ancy of American spirits tends to
make us minimize the coming trouble
and this tendency may largely over.
come what would otherwise be the ma.
tural result of these enormous losses
among the warning nations.
FRANK v. BALDWIN. President
Hudson Trust Company, New York
City: The past year has been a very
prosperous one for this country as a
whole; while several lines of endeav-
or have not met with the success
which has attended their efforts in
previous years, we have had large
crops, good prices, and few disasters.
The outlook for the immediate future
is encouraging. Money is easy and
there is no agitation on the part of
labor. With a large part of the world
destroying rather than producing, we
have become more than ever a world
market, and | believe we are on the
eve of big business.
GEORGE B. CALDWELL. Presi-
dent Sperry & Hutchinson Co.. New
York City: Conservative optimism
should characterize the views of the
business world during 1916. In this
country through conditions brought
about by the war in Europe, there
promises to be an exceptionally active
business period. The steel industry
which is usually regarded as the bar
ometer OF trade conditions. holds out
the hope OF being the greatest that
this country ever has had Banking
conditions are excellent. with money
easy enough for the requirements of
borrowers, and yet promising a legiti-
mate profit to the banks. One wear of
operation of the Federal Reserve law
has shown beyond doubt that the
general provisions of the law were
wise. 1t has stood as a protection
against tight money and trade demon
Aviation during the past year, and its
rev faults gradually can be eliminat-
ed, look for 1916 to be period of
productive results for the manufact-
urer, the middleman and the retailer
and this means that labor should find
plentiful employment and that a con-
dition OF general satisfaction in the in
dustrial world should prevail.
DAVID R. FORGAN, President
National City Bank, Chicago. Ill: II
when the European war broke ont
anyone had predicted that financial
md industrial conditions in this conn
Try would be as good as they now are
ne would have been laughed to scorn.
II TOOK some time to discover that |
temporarily, at least, the terrible iron.
oles OF other leading nations const;-
tuted great opportunity for this
country. We are only now beginning
20 &c realize it. There is danger Of in,
hatlon from a superabaundance Of
gold, and also of our trouble of Oh.
ing ahead too fast. but for the com
ing. year see no other danger.
believe general business is now good
and is rapidly getting better, and
should hesitate to state how opt;m;s.
nc am for the coming year for fear
81 being considered the reverse of
banker.
e; A. Himself, President TIL.
ruth Third National Bank of Cinc;n-
nati' o.: General condition in this sec
Iion are quite satisfactory. This ;s
especially true as it relates To drv
goods, shoes, iron and steel. grain
and tobacco. The railroads are show
ng some improvement, but do not nc
vet compare with the earnings of 1912.