| Show ti 0 PATIENCE IS A VIRTUE a s the dispatches of yesterday not j only indicate that the union pacific has been with difficulty enabled to I 1 arrange for its indebtedness but that another of mr goulds roads the I 1 I 1 missouri pacific will not be able to i pay its usual dividends hard ilard times I 1 and the scarcity of money are given I 1 as the reasons I 1 I 1 far from paying the customary I 1 interest on the capital capitol invested it has been puzzling a great many strong I 1 firms and corporations to keep their heads above water the reaction from the crisis of ten months ago I 1 has set in but it is le moving slowly and has not assumed such hopeful proportions that any wise manager would feel justified in crippling hia his resources to pay a dividend just to satisfy stockholders who do not fully understand the situation for the benefit of such stockholder sIt 0 any there ba in ogden concerns we have made this brief allusion to the situation in truth we think the fact that eo so few local business bouses houses have been compelled to assign during daring the extraordinary stringency of the past few months is matter for sincere congratulation ula tion the most prosperous institutions in town are free to admit that they are not making much money the great majority have scarcely been able to clear expenses of 0 coarse course trade ia is reviving now and there is to good reason to believe that all losses will ba be recovered but to expect immediate dividends in the face of the 0 ordeal r deal that has just bean survived is altogether unreasonable the large stocks of goods with which the stores supplied themselves a year ago proved beciana autumn lingered in ia the lap of winter until new years then the effort to dose close out cheap the winter stock to make room for the spring arrivals proved a miscalculation again for winter a lingered in the lap of spring until i 1 june by that time the money stringency e in all its force WAS uga ai us and in order to get cash to meet their bills the dealers had to cut prices down to I 1 the lowest figure thus it has gone g one on the anxious merchant being driven from pillar to post there are extenuating circumstances in the case of those who have failed and much to be proud of in the case of those who have weathered the storm it is a time that should shoal d ba be characterized by helpfulness economy and chirety chi rity to expect impossible things Is folly and to run ran heedlessly into increased embarrass ments in the face of recent experience would be insanity the clouds are breaking now but until in all departments part ments we are able to feel and see the clear sunshine Bone blae it is the part of 0 wisdom to keep in to close to 0 the shore |
