The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-04-17
OUTLOOK FOR BUSINESS
PLEASING TO BANKERS
Financiers of North and South Expect Great Wave of
Prosperity Opinions Gathered in Interviews
With Guests at Bankers Dinner

, sibility- We 90 not see the necessity FOL
q Central bank OF issue OF course, VIZ
are Cpen 10 conviction, ana II sucn q
policy is the best tor the business OF
/ the country. we are willing for II 20 be
demonstrated TO us. Our present posi-
ton, however, IS che OF hostility to the
plan
AS for the postal savings bank prop
CsitiOn. now pending in Congress, We
talnk that 10 was unfortunate LIdl tili'
was not held up until the report Of tht
Monetary Commission was submitted
Then we could have considered all Ire
reforms IN our currency system at one
time and could have adju 5ted the reia-
tionship between the postal savings
scheme and the centraa 2ank SCnenle
il there - any relationship.
Another Of the big bank rs VINO dis
ClrSSed the proposed rcIorTp5 n the couil-
try. currency system was II u Mc-
C.trthv. Of the Franklin National Bank,
o. Philadelphia He said that fniladet-
phia auauciers had not given 4 greal
deal Of thought TO the central bank idea
but that they were willing 10 De con-
WINGED OF its feasibility
Looking for Panacea-
I've are anxious 10 determine what IS
the best thing 10 do TO prevent rscur-
rences Of our late panic, but are not
quite satisfied in our minds that the
Z
we are looking. Should mature cOnsid-
Grafton develop the fact that the bank
Of Issue proposition is what we want,
then the Philadelphia interests can Je
depended upon 10 support it"
VICE PRESIDENT Albert D. Graham, Of
the Citizens National Bank. OF Balu-
more, summed up general conditions in
~ An. llleIFle" ana MS conciusions are
tltt most prosperous period IS inme-
{ qlately ahead for all business. pariCu-
. larry lu the South
our business affairs are not disturbed
IN the rcmotest decree b. the possible
adverse opinion of the Supreme Court
in the Standard OH and Tobacco com
Iduy cases or by the possible changes
~ our monetary system We are con-
. cerned with matters OF a. more intimate
nature IN Baltimore And when 7 sneak
OF baltimore, ] speak OF the South gen
orally for Baltimore IS. after all. the
eies.5Ilne house for the South
OUT southern trade has never been
better II is Increasing I'm volume 17rrtF7
/. oy month As natter OF facl .T.-e is
10 7e --zl.- or the country undergoing
Lie substantial development now IN
progress IN the South. II is a revelation
20 me man who sees IL or feels its
effects for the first time
Activities In Virginia.
Another encouraging view q the
SoutEern situation was expressed when
Secretary n p Getting, Of tHs Vir-
giuia Bankers Association, discussed
conditions IN Virginia
There is EEeat deal OF nov money
Ia Virginia 5ust'novr." said Mr. Gauing.
"aCd this OF course, means new bust
ness. Deposits are steadily iacrea Sing
and money SIS in strong demand I am
prepared to speak for the entire State
when / say that the outlook was never
more prowisiuE-"
r. r. Shaubacker. Of the Fourth Street
Rational Bank % Philadelphia. declared
when seEus that the car strike IN that
ci-y with its temporary disturbances had
not seriously affected any line Of bust
ness The banks have not suffered ma
teraI-.' he said. and only the strikers
themselves ana few other interests are
the losers In this view 1Tr Shan
hacker was supported by President I. L
EEe. of tho Philadelphia National Bank.
one Of the best known fnsnciers in that
city
A. II. Tituz. 1f the National CITY Bank
OF Neyv York Of which Frank A Van
der e. president expressed the keenest
setl--lction with business conditions
generally. he said that HIS bank not
only had national bur International
problems 20 deal with and that its con-
UeCciouS gave s. an insight into the
financial conditions throughout the civ
iltze5 world