The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1911-05-27
HAS BRIGHT LOOK
Bank Commissioner DOlley Is
OptOmistic.
He Says That Business Is Now
Improving.
1T WILL WORK WELL
New Currency Plans Are Just
the Thing.
Eyes of World Are Now Focused
On Us.

State Bank Commissioner ]. n. Dol
lev. who has Just returned from the
bankers convention at Kansas City,
where he delivered an address on the
reform of the currency, Is in an optl-
mistic frame of mind regarding the
good accomplished at the convention
and the general conditions in his own
state. Asked today for an opinion re-
garding the convention and its work,
Mr. Dolley said:
Kansas City, Kansas, and Kansas City,
Mo, held this week was largely at
tended. The leading bankers and
business of the central west were pres
ent. Bank and business matters were
discussed freely and the general tone
was one of satisfaction, with optimistic
views as to the future. 1t is generally
believed that we are on the verge of
very decided improvement along COM
mercial and business lines.
1.-THE decision rendered by the su-
preme court in the Standard Oil case
was more or less of a surprise and
whether or not the decision will prove
satisfactory to the American people
remains to be proven. 1t may be said
in its favor, however, that 1t Will nave
a tendency to improve business condi-
lions and has removed many doubts
and fears as to the governments posi-
ton towards corporations for the
present.
1T is of course early in the season to
lullT estimate growing GTOpSs OuI II
can be stated that everything that is
known to date is of a character ex-
tremely favorable. Our foreign trade
continues to run very heavy in our IA
vor. Our exports in the month of April
were the largest in our history and ex-
ceeded imports $37, S76,094. This means
that we are accommodating vast credits
abroad which our bankers can bring to
this country upon demand whenever
money rates advance sufficiently to al
lou he n 10 I1Cn6
this side of the water. This vast re-
serve assures an easy money market
for long time to come. The general
business conditions are undoubtedly
leading to a steady expansion of bust
ness and the placing of contracts for
heavy lines of material and merchan-
disc.
1.-The monetary commission plan for
the reform of the currency is accept
ed by the general public and the bank
ers as having many worthy recommen-
dations and from the outline l believe
we can work out system for the
reform of our currency and financial
system. We have confessed to the
world, practically unanimously, that
we are a country of panics with an
obsolete system, wholly inaequate to
carry on successfully the business of
our great country. The general pub
lie are more deeply interested in this
great problem than the bankers them
selves. During panic periods our bust
ness interests are the heavy losers
much more so than the banks
and the bankers. The business inter
ests of the country are demanding
modern up-to-date workable plan, plac-
ing US among the other progressive ma
tions of the earth as to finances We
cannot and will not turn back, but ac-
cept the command and should put forth
an earnest patriotic effort to readjust
and rebuild at the earliest possible mo-
ment our system.
1.-THE eyes of the financial world are
focused on America. We have never
failed to be equal to all problems forced
upon us and we will not fail with this
one and when the completed system is
presented to the world it will win for
us the plaudits and admiration of the
financiers of the world. This great
question should be kept entirely out of
politics aud under no condition should
they enter into it. The great political
parties of our country should join hands
patriotically, earnest and sincerely
casting aside all hobbies, prejudices
and small personal interests and work
out our future financial destiny