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Show mm PLEios FOR RAILROADS i International Xo SeK-ice) NBM YORK, Jan- 14. The business busi-ness future of the United States can i now be vlewod with more eonfldenco lurid optimism than has been possible. I for many years, Charles If, Schv. ibj j lJittyiurg Steel magnate, sahl at a banquet of the Ohio society ;.. the al- dorf Astoria tonight. I "There are still groat difficulties t (be overcome." Mr. Schwab said, "hut We are looking at facts as they are We are laying woundatlons tha.'. atu strong and sure. "If we were to have an outburst of i lndustrlay proiperiT, It la unlikely our railroads would bo unable to carry the! burden. For i years they have abandoned more miles of track than they have bul In that period th'-y have probably retired more freight afid passenger cape than they have installed. install-ed. In this country that is an Im-; , possible situation. j 'Ve cann.it have prosperity, our! commerce cannot go on confidently, i unleis the roads arc again made pro:'-, Iperoue and ..re able to attract the capital cap-ital needed to perform their service, i I "Let us repeat all tho laws which repress initiative, restrict enthusiasm and dampen ei.husiasm on the part i of men in charge of iho railroads. Abandon regulations based on political i motive dnd popular prejudice." I Improvement ol buslneas' conditions in the spring and "a general recovery ( by autumn that will make us feel that the sun Is shining again were among tho predictions for tho year 1922 made by Thomas W Lamor, member of tho banking firm of J. P Morgan and I Company, who spoke after Mr Schwab.. Mr. LAimoni prophesied: "Commodities slowly creeping back toward normal price levels- "A gradual unlocking of form loans "An evening un of the disparity be-I be-I tween the prices for farm products and for manufactured goods." |