The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-04-17

Such a survey IN n practical way %
the financial and business situation OF
the country as opportunity does not
often permit OF. The washington Times
is able 10 give today, by expression Of
opinion OF hnancieres Of all classes from
all parts Of the United States. gathered
ia the city as guests al the dinner Of the
American Bankers Association last
evening
The unanlmity OF their statements 70
The Times that business IS normal or
better than normal, and that d great tide
Of prosperity is setting in. is The striking
feature OF their gathering in the city
Virginia, Kansas, New york. Mary
land, and Pennsylvania bankers, who
are among the representatives Of a
score OF states here, ali agree that con
dici0ns are more favorable than st any
time since The high tide OF business ia
1909.
None was ready Go predict that prose
cutiou OF the trust cases would enden-
ger business, nor did they seem 70 fear
the legislative program which is IN
sight
Normal Conditions Prevail.
Normal conditions are once more pre-
VGuInE. better than normal. said
Iorme- Secretary shaw. Money is be
coming a little tighter. owing 20 in
creased demands for capital Greatly
increased gross earnings Of railroads
were commented uuon.
So far as legislation IS concerned,
there seemed 10 5e q dlsposiJio6 to
fear the central bank idea, joined with
a willingness 90 give il fair considera-
ton, while the opposition to postal
savings banks seemed 20 be as strong
as ever
-speakinE Of railroad prosperity. Mr..
Newcomer said
II consider the fact that the in
creased gross earnings Of the Ameri-
can railroads is the one uGalsWerable
argument showing the fine condition
OF our business today
we can produce net earnings by
reducing Our operating expenses. BIZ
all kinds OF economy. but when the
gross income Increases II means big
ser tonnage. and bigger tonnage can
not mean anything else but bigger
the earnings reports OF practically all
the Important railroads OF the CoUn-
Try since the first OF the year. and SO
far as I have been able 10 determine
all 7f them show marked increases.
Former Secretsry Optimistic
Something OF n anne optimism was
ezT ressed IL the Jews Of Hon. Leslie
n SGav. former Secretary Of the
Treasury, now Of philadelphia NO
shock can keep this country hack said
Mr.. Si.av. ats business interests may
ige paralyzc5 for a brief period By dis
trust and scss Of confidence. but re-
cows bound 10 come believe the
0utI--r was never brighter. and even
present co-ds fo1s IN the business world
are above normal so far as activity IS
concerned
The country may well look forward
20 an interesting report when the None
tarr Commission submits Tvs -...E--
ueuCz-iruS- r can not forrSee definite
lE WE9- EEr5- conclusions VIII be, but
new currency llr most
rr11E1. BILE recommendation
A. T. Campbell. Of the Hanover Va
-fouar Bank. <e~ York city. discussed
the proposed central bank idea and the
postal savings bank plan, from the
standpoint az the New York bankers
Mr. Campbell said-
IndivIdualism the Creed.
$50 Tar as have bsen able to OBJ
serve. the NV YORK banks are opposed
20 the central bank scheme. We be
feve JIM i-llv5Eua1ism- We believe tn'
individual credit and individual respon-