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 * markable headway, will continue uninterrupted.

James J. Hill, commenting upon the result of the election, declared that the success of the Democratic party would not have an adverse effect on business. He said:

"I feel better over the general outlook than I did before election. An attempt was made to bring about a political revolution, but the American people, while desiring a change, showed their good sense by repudiating the revolutionary doctrines offered them and by sticking to sound principles and established methods of bringing about their wishes.

"Governor Wilson, a deep student of the history of nations, has the training and qualifications which should make him an able president."

W. E. Corey, formerly president of the United States Steel Corporation, now identified with many industrial and railroad companies, favors a gradual reduction in the tariff, but not a reduction sufficiently drastic to disturb the country's commercial and financial equilibrium.

"I am convinced," said Mr. Corey, "that Mr. Wilson will make an able and conservative business president and that the business of the country as a whole will reap great benefits during his administration. That he will handle the tariff and other problems ably and conservatively there seems to be no question.

"All indications point to a continuation of the prosperity the country is now enjoying, and business should be given a further impetus by the outcome of the election."

Alvin Krech, president of the Equitable Trust Company, predicted a slowing up of business as a result of the Democratic victory and coming tariff revision.

"This will occur," he said, "until the country can find out definitely what