End time-waste in your billing This complete correspondence typewriter automatically foots and proves your bills while it types them A REVIEW OF THE WORLD PRESIDENT WILSON ASSUMES THE ROLE OF ADVANCE AGENT FOR PROSPERITY HERE is good news. There is going to be "a boom . . crops. By the middle of last month the crop reports of business in this country such as we have never had become eloquent of prosperity. The estimates for witnessed in the United States." That was the predic- the wheat crop had mounted to the unprecedented total tion made late in June by the President. He did not, it of 930 millions of bushels-167 millions better than ever is true, fix a definite date for the boom to begin; but it before; oats were promising the second best crop in our is to come just as soon as business gets its new "consti- history, and rye, barley, hay and other crops were showtution of freedom." Part of that constitution it already ing up strong. Estimates for the corn crop indicated a has in the new tariff and another part in the new bank- total exceeded but three times in our history. The coting system about to be put into operation. It will get ton crop, while it had not shown any bumper propensithe rest of it when Congress passes the new anti-trust ties in May, had by the first of July shown the largest bills. The President is positive as to the trouble with gains it has shown its posit 25 years and wicepromi a business and as to its remedy. "Business," he says, ing to be aboren of large business affairs such as J. P. "has been in a feverish and apprehensive condition inhalegan, Henry Ford, the representatives of the Chicago this country for more than ten years. There is Association of Commerce and a delegation from the nothing more fatal to business than to be kept guessing from month to month and from year to year whether something serious is going to happen to it or not, and what in particular is going to happen to it if anything does." What it needs, in other words, is a sort of rest cure, but it can not get this until the necessary surgical operation is completed, and that will not be until the new trust bills are enacted into law. Then there will be "a sense of relief and security," because, "when the program is finished it is finished, the interrogation points are rubbed off the slate, business is given its constitution of freedom and is bidden go forth under the constitution." Then the boom will come. Almost before the echo of these words had died away the evidence of a turn for the better began to pile up so convincingly that a Republican Senator in a high tariff state-Senator Oliver of Pennsylvania-was saying that "within the next twelve months general business conditions will be booming with unprecedented strength." SHOWING HIM PROSPERITY -Smith in Chicago Tribune End time-waste in your billing This complete correspondence typewriter automatically foots and proves your bills while it types them VOL. LVII. A REVIEW OF THE WORLD PRESIDENT WILSON ASSUMES THE ROLE OF ADVANCE AGENT FOR PROSPERITY crops. By the middle of last month the crop reports had become eloquent of prosperity. The estimates for the wheat crop had mounted to the unprecedented total of 930 millions of bushels-167 millions better than ever before; oats were promising the second best crop in our history, and rye, barley, hay and other crops were showing up strong. Estimates for the corn crop indicated a total exceeded but three times in our history. The cotton crop, while it had not shown any bumper propensities in May, had by the first of July shown the largest gains it has shown in th 25 years and was promi ing to be abo HERE is good news. There is going to be “a boom IN Eloquence of the Crop 'N THE sea of American business the winds and waves and cross-currents are determined by many things; but the tidal rise and fall is determined by the the Claflin failure is characterized by the N. Y. Times as "an episode belonging to the past rather than to the present or future," and "the product of a system which will pass with the establishment of the new banking system." In Louisiana, where a "very large number" of planters have already abandoned the growing of sugar cane, the only optimistic note that is discernible is that heard in the statement of F. C. Lowry, of the Federal Sugar Refining Company, who declares that Louisiana will abandon the sugar industry entirely in the next five years and will be much better off without it, as she will then devote herself to other crops for which she is better adapted. Her sugar cane yields but six per cent. of sugar to II per cent. in Cuba and 14 per cent. in Hawaii. NEXT The Tendency Toward Universal Public Ownership. EXT to the crop of cereals, in business importance, stands, perhaps, the crop of political theories. No one can deny that we are having a bumper crop of these, but their beneficial effect seems to be regarded by the business man in inverse ratio to their size. They all seem to lead to more rigid government restraint and a closer contact of business with politics. As one result of the cperation of the interstate commerce law, the talk of government ownership and operation of railroads comes to-day from capitalistic circles instead of exclusively radical circles. The trade commission bill, now before the Senate, which will place all big corporations under control similar to that exercized by the interstate commerce commission on railways, seems to Mr. Roosevelt to be inadequate, and he is calling for a trade commission which shall have power to "stop all monopolies based on unfair and oppressive trade practices," without the necessity of a court trial. Evidently the step from such a commission to the government ownership of large corporations is a shorter one than from the interstate commerce committee to government ownership of railways. Another step proposed by a writer in the Atlantic Monthly is to place all our news agencies, like the Associated Press, on the same basis as public utility corporations and subject them to the same sort of government restraint. This might with equal ease lead to government ownership of newspapers and magazines. "Capitalists," said Senator Borah recently, surveying this tendency, "say they do not intend to invest money in enterprizes that some one else controls." Commenting on this the N. Y. Sun says: "Is Senator Borah the only leader to-day who has this clear vision of the future? Is his dire expectation of universal public wwwwwwwww GOO! GOO! BABIES' WEEK IN WASHINGTON TOO |