The Cairo bulletin. (Cairo, Ill.) 1???-1928, 1907-11-29
MONEY OUTLOOK
MORE CHEERFUL
IN NEW YORK CITY-THE READY
CASH IS STILL SCARCE,
HOWEVER.
COxCENSUS OF OPINION
OF Bankers is That Belief That coun-
try is Facing Disaster Is Absurd
National Debt Trifling--
Farmers Are Rich.

4 New York, Nov. 2S--While tn
money stress continues and a grea
many business men have become pes
simistic as result OF the difficult,
iof securing currency to carry or
their operations, the Tseliag among
| the best Informed financiers Is dis
! tinctly more cheerful than it was .
month or even two weeks ago. A
concensus Of opinions gathered this
week among the directorate Of the
Bankers Trust Company, which Is
made up Of representatives Of the
strongest financial institutions, IN
Guiding national state and private
bankers, brought out the following
opinion which may be taken as the
authoritative summing up Of the sit
uation as it is viewed by conservative
banking interests: 1T is absurd to
believe that this country Is facing
great disaster, These people who sag
that we are ruined are either panic
stricken cr else cannot see the condi-
tions that surround them Ii Is per
fectly true that the currency situation
at the present time has re suited In Il
let-up in business and may cause liqri
daticn to run further
A certain recession In business u
one of the inevitable results of the ex-
trayaganee that has marked the I !.
tf the country for the last five or six
years; one OF the Consequences OF
the labor situation and of excessively
high kages. but to believe tnat bis
business depression will be of the
severity and duration cf THAT which
began Ia 1888 Is, FOR the intelligent OBJ
server. almost impossible. At that
time the railroads were loaded down
with the cost of extensions that pield
ed insufficient revenues to snppol
the investment. The situation with
respect to railroads today is about as
different as day is from night In
1893 western farmers, after several
crcp failures, were struggling under
heavy mortgages and their banks |
we're light WASTED and short in cash.
Today the farmers have paid off their
and hold, in strong well |
'egulated banks, handsome balances |
o their credit
ike United States Steel, their position
is to strength and cash reserves Is
stronger than was the case
# manufacturing concerns in 1893 CT
n the main been conservative and in
General are not now over loaded with
stocks; their shelves are
'retty clean. On top OF everything
he governments monetary condition
5 the soundest in the world. It's
ebt is almost trifling as public debts
%. America still holds and will hold
or generations to some, the primacy
n the production os cotton, wheat
nd corn. while the electrical devei-
pment of the world is dependent up
n our output of copper. These arc
basic conditions that
'ill not change, and will. as years
ONE, yield even heavier sources of
roht than they have done in the pas.
borrower the wastefulness that has
larked the last few years of produc
on is now in fair way to be swept
side. This means that the future of
MS country. as an outlet for safe aud
tant investment. will grow steadily
reater and will yield eminently sat
sfactory returns to the intelligent
nd prudent Investor