COMMERCE IN AMERICA.
" AN' EXCESS OF OPTIMISM." By Cable. —Press Association- —Copyright New York, August 15. The New York Times, in a leader, eays the general consensus of 'business opinion in the United' States is that there hasi been an excess of optimism since the summer of 14)08, which will necessitate* a curb on the exuberance of j commercial and industrial aspirations. I The New York 'Associated Banks with | difficulty brought loans and discounts be- , low deposits, but financiers are uneasy ; owing to the increase of railway and for- i eign indebtedness, and the surprising j frivolity of farmers and citizens of the j Western States, who, intoxicated with, j high profits, have locked up their resources not only in bricks and mortar, but have got a craze for automobiles.
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https://paperspast.natlib.govt.nz/newspapers/TDN19100817.2.24
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Taranaki Daily News, Volume LIII, Issue 110, 17 August 1910, Page 5
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130COMMERCE IN AMERICA. Taranaki Daily News, Volume LIII, Issue 110, 17 August 1910, Page 5
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