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Show H HA'R2pNy. INDUSTRY, HONESTY. H FRUGALITY H "lii commenting oiv business and indus- H trial Conditions Paul A. Sinsheimer, Vice H President of the Mercantile Trust Co., H San Fi anci?co, shows vision, foresight and an understanding of our country and H it.j fi'ture possibilities when he says. BJ ''The temporary difficulty of bringing ' indubtiy into its normal relationship H with all that this entails, has naturally W created a certain amount of confusion. H I It certainly does not warrant the brood- 1 ing pessimism which shows a tendency B to become fashionable in certain quar. H tors. The experience is not pleasant but B it is passing, and not a fixed, condition. flH "A country's economic condition is B fairly well reflected in its national credit. H The credit of the United States has be- H come the standard of the world. This is HH the real barometer for. financial fore- WBM , - - - - - . casting. . . A'Vfe .irejjnclined to , forget all , our cdunt?y hda rilefyand successfiillylbver- l:coe.iWitsh)no1i ilndbrtojokjfe renabi-( renabi-( y ligation of a hafion raVaged N by war, whose bonds had beemgelling at 25 cents -on the.dollar. Five yeai-s later they wjere selling at par. It vi te relief of thei prevailing economid distress" of the time that Washington regarded as his first duty in assuuing the Presidency. His words are worth recalling. Hfe wrote to La Fayette, j I'My; endeavors shall be unremittingly , exerted, even at the hazard of former fame, or present popularity, to extricate ' my country from the embarrassments in which it is. entangled through w.ant of credit; and to establish a general system of policy, which if pursued will insure permanent felicity to the Commonwealth. Common-wealth. I think I see a path clear and direct di-rect as a ray of light, which leads to the attainment of that object. Nothing but harmony, honesty, industry, and frugality, frugal-ity, are necessary to make us a great and hppy people. Happily the present posture pos-ture of affairs, and the prevailing disposition dispo-sition of my country-man, promise to co- operate in establishing those four great and essential pillars of public felicity." '"There will be difficulties, and yet more difficulties, to be overcome, but the application of Washington's formula by persevering people will, as in the past, work the changes necessary to restore economic wellbeing." |