Show PRESS PARAGRAPHS The Tho ne newspapers seem Sem to think the tho business outlook most encouraging Providence Journal The Thc public will app appreciate th the decision reached by tho the United States Steel corporation on motion motion motion mo mo- tion of ot Mr 11 J. J Pierpont Morgan to announce announce announce an an- on the tenth d day Y of each month the a aggregate tonn tonnage go of unfilled or orders ers erson on hand at the end of the previous month Tho The steel trade Is a a good business business bustness busi bust ness barometer and It wilt will be bo of at general son gen eral utility to have the books of tho the steel corporation thus thrown open for public pub pub- lic Inspection twelve times a n. year In Instead Instead instead In- In stead of ot quarterly In a double sense Bense Its prosperity Is a 0 matter of wIdespread widespread widespread wide wIde- spread Interest It may bo be added I that Its showing for or the tho quarter ending June 30 Is unexpectedly good with regard to earnings Only once In Its history have these been larger Rochester Post-Express Post The pessimist pessimist pessimist pessi pessi- mist wo fo o havo have always with us But In spite of criticism II our Incurable optimism op op- wins Ins the admiration of every forel foreign visitor This Is the land of ot hope of opportunity of achievement The Tho Americans cannot be bo conquered b by circumstances they conquer circumstances circum circum- stances by br sheer energy and determination determine determine- tion And nd Just now tho the American people people peo peo- pie have o no cause for tor pessimism Every ery bod body whose opinion on the subject Is of practical value assures us that the United States was nevor really ally more moie prosperous than tItan It Is II at the present moment mo nio- ment ment- Statistics too prove that our manufacturing Industries aro are In a n. most satisfactory condition Times Gazette Wall street Is not quite suro sure whether the transcontinental transcontinental transcontinental trans trans- continental railroad scheme which re recently recently recently re- re collapsed was a tragedy or a farce There was a little of or both In the thea a affair h The Pearson syndicate is supposed supposed sup sup- posed to have been separated from or real monc money That Is tragic It was guided to a large larEe I ex extent ent by an Individual other than Pearson Pear Pear- son Ron who but a dec i decade e ago a o was l looked upon upon as a a of fortune and n e who sufficiently recouped himself In Innerve innerve nerve nere and credit meantime to s set t bigger and presumably more mere astuto astute Napoleons of ot finance by the ear oar This Is simply farcical Buffalo Commercial It seems reasonable reasonable reason reason- able ablo to suppose that the collapse of or th the ambitious Canadian British syndicate that bought the tho control of or tho the Lehigh h Wabash abash Rock Island and other railroads railroads railroads rail rail- roads on a falling market and was as forced to let go 0 this week was the Immediate cause of the latest tumble in stocks generally gen gen- orall orally The scheme was not a n wild one but it was nas ill III timed The market feels feel reassured because tho the great mass of these securities aro are no now nov v in the hands handsor of or financiers able to carry them and to protect other Interests Tro Troy Times The New Nw York Herald Is doing good work in collecting information tion which goes gocs to provo prove that manufactures tures tures finance and industry II In the United States are aro in sound condition and that no reason exists for fol apprehending an any serious setback In the Immediate future In this crusade In the Interest of ot prosperity prosperity prosperity pros pros- the H Herald goes to the most relia rehia- ble sources for facts acts and tho the consequence Is that the tho testimony given shen Is Brooklyn Eagle The now automobile law is a serious effort to reduce the number numb r of street accidents b by weeding out the Incompetent and reckless drivers drivers ers erg Tho The law was needed and It hn has come to stay stay If It the courts hold that It is impossible to punish reckless drivIng ing adequately under its provisions tho the law can be amended next winter winter which which Is I not notel el very long to wait walt In tho the meantime meantime mean mean- time the courts courtl- will naturally enforce the law taw as ts' it stands leaving lea Its Impotence impotence Impo Impo- tence to be declared by the higher courts on appeal St. St Paul Pioneer Press The familiar r saying Is that tho the steel industry Is the tho barometer of f the business world When 1 It Is falling tailing there aro are like likely to bo be financial financial finan Oman cial cici storms and It Is well for those navigating nat navi gating gatin industrial and commercial craft to take In a reef r. r When hen the orders for tor steel aro are numerous and large It Is a certain Indication of building building- and other business activities that thal reflect the tho estimate shrewd business men have of the outlook When hen the steel barometer Is rising the tore forecast st Is for tor continued fair tall fairweather fairweather weather eather In the business world The rate rote at which it Is going up at present Indicates Indicates Indi Indi- cates that there Is no cloud In sight Chicago Herald Record Business Ss conditions arc reflected d In tho the VCr very satisfactory sat sat- quarterly report of ot tho the United States steel corporation Thero There Is a n healthy act activity vi t wi without thou t and tho straining of credit The country is not being with the stocks of new of ot merchandise are arc nicely graduated to the demand there Is plenty plent of life In trade prices are aro good and labor finds stead steady employment St St. Louis Globe Democrat The Tho rho strictly economic causes of the advance on the stock exchange of or course we weman were ver man many and obvious It was an unreasonIng unreasoning unreason unreason- ing scare which sent stocks down In the thelast thelast hu last t two or three weeks and which plunged them on Tuesday to the lowest lev level le l of ot the year and one of or them to a lower level le than had been touched even In the panic of or 1007 1907 The Tho basic conditions conditions conditions condi condi- aro are pound i Crops will Ill probably make an excellent showing Louisville Journal Courier-Journal Tho excitement ex ox- about stocks Is amon among stock speculators The farmer business men and anti Inborn men throughout America know that the tho stock market will como come back They peacefully pursue pursue pur pur- sue suo their occupations occupation now and then them pausing to start a rIot or lynch a a. prisoner prisoner pris pris- oner with the of ot tho the sheriff and pay little attention to the market possessed by the original members of ot tho confederation created in 1867 Victoria Colonist It has been well said aid that the most desirable conservation conservation conserva conserve tion Is that of human life lifo and It Is an amazing thing how much this tills Is disregarded l especially in factories and railways rail rall- ways WE in tho United States It Is Js a re remarkable re- re thing that in that great country coun coun- it which is In In the try so so many ways very ery forefront of civilization human life Is r regarded more cheaply than anywhere elp else In Christendom |