The weekly chieftain. [volume] (Vinita, Craig County, Okla.) 1905-1913, 1909-06-18
OUTLOOK
IS VERY BRIGHT
Prospect Of an Abundant Harvest is
Already Having It's Effect on
Monetary Market.

Guthrie, Okla. June t2.-That tn-
ancial conditions are conductive to a
good business year is the opinion Of
Robert Schlberg, cashier of the Guth-
ries National bank, in a statement
on banking matters issued locally yes
terday. During the last eighteen
months, he says, the situation has
passed from one extreme to another
While In January, 1908, currency was
scarce, forcing Institutions to resort
to issuance of scrip, within the year
the supply has increased until pie
thora OF unemployed capital is found
in every monetary center.
"As the interest rate always de-
pends upon the supply of available
money" Mr.. sohlberg says, "the In.
terest rate has gone to the lowest
point during recent years and yet
even with this low interest rate the
banks are carrying large quantities
Of currency In their vaults and on de.
posit in reserve banks"
What is true of the country at
large is also applicable to the insti.
tutlons Of the southwest Mr., sohl-
berg continues
The healthy mean between the two
extremes which have existed in the
monetary market Is now being await.
ed by all people who are interested in
the welfare of the country. An ad.
justment of monetary affairs is being
earnestly sought by all business and
banking interests Congress has ap-
pointed monetary commission.
which is working zealously on the
situation 1t is collecting data from
various sources In order to reach a
conclusion as to the proper legisa-
tion which should be passed. The
influence Of this commission is being
felt everywhere All financial legisla.
tion Is being referred to It, An ex-
ample OF the commissions activity
occurred when on the 2Sth day of
April. 1909, reports were called for by
the controller OF the currency and the
state banking departments OF every
state In the Union This meant that
for the first time in the history of the
United States every bank and trust
company made sworn statements on
the same day
"The prospect OF an abundant har
vest is also having It's influence upor
the financial situation. The effects q
winter killing which Is the larges
element OF determining the volume o
the agricultural products Of the coun
try are known as at the present time
The experience OF bankers through
out the country during the past years
affords the assurance that August vii
bring large demand for ready fund.
IN order TO move the crop now ma
turing In the fields OF the great wcst
and south This demand will continue
strong untH the lst OF January II
least and IN anticipation of this de
mand the money market is growing
stronger and more certain.
When all things are carefully
weighed in connection with the flnan
cial situation there Is every prospect
of a prompt return to the good times
( which tins country has had with the
exception Of the recent depression for
the last twelve years. There is every
prospect OF unusually good prices for
farm products and fair wages for Ia.
bor A disposition Is shown on the
part Of all business men to act upon
the optimistic side Of the situation
and de their part In creating active
hffefnaaa aaaHitfoUa