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Show Era of Prosperity Is Certain By Ira C. Tichtnor 1 11 " IT MUST be conceded by every fair minded person, and even also by all the pessimist except those born that way, that the country as a whole has entered a period of real prosperity and one that will prevail for an indefinite period, regardless of the outcome of tha Turklah affair, artless It should embroil all or Europa and all Mohammedan Moham-medan eountriea, which at tha present time does not seem probable. Aecordlns to the best authority on International trade, tha worst that could develop in connection with tha Turkish altuation up to tha point where Franca would Join Turkey In flchtlns; Great Britain, which Is declared to be unthinkable, tha loss or America In commerce with Europe and Asia would equal leas than 1 per cent or America's total spending power. As a result, the Turkish situation, unless it should derelop Into something worse than anticipated, should not have ah appreciable effect upon the general business situation In tha United Slates, and which Is now most gratifying. Freight car loadings now tiara nearly reached the highest mark In tha country's history. Indicating a tremendous movement or fuel, ere pa, raw products or every description and of manufactured goods; building operations are continuing at record volume; Iron and ateel planta are running at mora than 79 per oent capacity, and others are coming in at a rata that Insures capacity output within a abort lima. Tha ravorable altuation la summed up aa follows by the October letter or the Alexander Hamilton Institute: '8ud1enly the clouds on tha domestic h orison hare lifted. Tha coal miners are working full time at high wages; ths railway shopmen, at the reduced wage achedulea, are back at work; manufacturer and Importers affcclea by theewarTrrulleaariperaterraiorr 3eflnltebaalenbw that the president baa algned tha Fordney-McCumber tariff bill; tha far-mere, notwithstanding low grain priors, have produced adequate crops; the bankers, after a long period or unavoldabla credit restriction, nava turned about face and are keeping pace with Industrial production and quickening commercial activity. "Nowhere In the world Is there such a picture of vigorous economic activity. At no time In tha hlatory or tha world have so many people in one country been employed at such uniformly high wages, if allowance la made for stability. In 110 there waa a higher average of wagea and prlcee, but conditions were unstable, and tha net result was commercial disaster. In tha present outlook there Is no sign or a banking crisis. The month or October should be the most optlmlstlo In two yea re." |