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Show oo FAVORABLE SIGNS OF THE TIMES. The county is now looking forward to the practical test of the new bank Ing law, and the general opinion Is that the measure will expand credits, cred-its, ward off money stringency and make financial pauicb almost impub slble An i 6tern authority ay that the! regional banks and the prospects of large crops bhould stimulate business within the next sixty days, and then reaches this conclusion: "Intrinsic business conditions from th' i ','onoinii standpoint is. r mjiiihI There is little over-production in any important industry In fact production produc-tion m many cases has been so curtailed, cur-tailed, notably in the steel trade, which is operating only GO per cent of capacity, that when the wheels of industiy begin to resume their normal nor-mal activity, a positive famine will be found to exist in many markets Thcr are some lines of buslnest VO which conditions are really unsatisfactory, unsatis-factory, particularly In real estate, which is nearly always the last to feel the effects of an era of depression. depres-sion. 'The most uncertain element in the outlook 16, of course, the political situation. Nothing has done more to bring on the present reaction than the continued attacks upon business tor political purposos. It must be j recognized that msny of the attacks i were brought ou by jiHst misdeeds of our captains of laduptry. But, on the other hand, It must be remembered that many of these acts could not now be repeated. The harm has been done, and much of it Is beyond repair re-pair Let punishment fall where j punishment Ik due, and let such laws i as may be necrs., :ry to prevni repe tltion be enacted with as little disturbance dis-turbance as possible, hut nothing is gained by hampering the reconstructive reconstruc-tive and regenerating work which is alreadv making greater headway than is generally recognized in otir Industrial system. Higher standards of con luct ;ire being established In all of our great industries: and, if oui legislators would only work with rathe- than against economic reform, re-form, they would diminish instead of Increase the numher of unemployed. The new anti-trust hills are a source of considerable anxiety in business circles owing to their unreasonable stringency in regard to Interlocking dlrc ti rat' s, Holding companies and price fixing. Some modifications of exi6Llnt' laws in these respects may be desirable, but they should be kept within reason, and it should not be forgotten that the country is suffering suffer-ing more lrom too muc h gov ..iiiiir ut interference than from any other evil ' If Lbe country could be given a year free from all forms of leglsla tion. there would be a great revival In business. |
