Thus far the coming of fall has meant only a mild yet comfortable situation of uncertainty. Business prospects appear sound and healthy, but sufficiently stabilized to obviate much speculative enthusiasm. The real difficulty, so far as domestic business is concerned, is to find an important weak spot. Even Congress—long the scapegoat of business ills—is now persuaded of the political value of a constructive rather than a destructive attitude toward economic questions. If anything, tax reductions during the coming year should make prospective legislation attractive to business.
In this bright business Eden,...
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