Show CROP PROSPECTS ME ARE GOOD AND NO CAUSE FOR OR MM former secretary of the treasury shaw sees no reason for being blue over present financial S tuat on new york leslie M shaw former secretary ecret ary of the treasury autho authorize the following interview on the present financial and industrial conditions our farms produce more than fg 6 00 per annum and the pros hect is good tor for an average crop our nines mines yield more than 1500 1 ind and our forests more than 1000 1 and neither of these sources of wealth has been exhausted the ou out of our factories in other than food products is 12 and no fires ibave been extinguished the railways arn more than 9 and they are all in successful fu operation the payrolls of our factories and railways aggregate approximately 3 and the scale of wages has not been reduced in other words the real sources of the people s wealth have not yet been affected and the ability of in Ju concerns to pay dividends Is not act measured by the market price of heir stocks logical reasons for ser ous conditions are therefore wanting psychological reasons are never want ng rig it I 1 judge correctly the people will have exactly what they expect it hose who have money in the banks withdraw it and lock it up it if the banks refuse to grant accommodations and it if the consuming public decline to place orders then ae re will very sool witness the effects let those who hink that times of disaster follow each other ther at regular in eeals bear in mini that this country never yet expert need a period of depression that was not traceable to financial or economic agitation or legislation and usually 0 both in 1893 the redemption of green backs in diver instead of gold was openly advocated the party in pow ar er was under promise to remove tho the protective tariff horn our industries and the free cronage of silver at the ratio of 16 to I 1 was championed by prominent members of both parties rhe fhe country might have survived any one of 0 these sources of alarm but II 11 not survive all three at this time no one questions our financial system and the tariff will not bo be touched for at leaba eighteen months some check jn in the speed at which we are going is most desirable dei rable and tho the becking hecking process has begun it et will require A 6 fair measure of con brence and courage to prevent undue in our industries cap tal cannot be forced into activity buc but it can be forced out of activity I 1 have never seen the time when versal sanity was more e to ur well being |