The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1911-07-07
CHEER UP. MONEYS EASY.


Above all other experts in the premi-
ses, the active bankers are the more
adept in feeling the pulse Of the bust
ness world. Included in the latter
category are the agricultural and all
other activities in the country that
have any bearing on the prosperity of
it's people. The bankers are the certain
dfagnostieians of the conditions that
prevail in every mart. This is true be-
cause they conduct the mediums
through which all the exchanges in the
world of trade are made.
And there is nothing of gloom .tmong
the bankers over the outlook in the
business world, even if there is much
shouting on the part Of the alarmists
and pessimists that the dry weather
which has been so general has just
about ruined the nations agricultural
prospects. OF course. these cries OF
distress are far from being facts as
yet. But the hollering about prospec-
tive hard times is one of the most sue
cessfu1 ways Of bringing them into ex-
istence, even if there is not much ex-
cuse for them.
The bankers are smiling at these dire
predictions. They know differently. In
certain localities scattered throughout
the country there are going to be crop
failures this year, but even their effect
locally is not going to be very extern
sive. If there was anything that po--
tended an agricultural calamity of ma
ton wide scope, money would be tight,
not only in the United States and par
ticularly at this time when the agri-
culturists need money to move their
crops and tide them over, but also all
over the world. The reverse is just
the case. Money is easy. That's why
the bankers are smiling at the reports
that times are going to be bad in the
United States in the immediate future.
An elaborate and authoritative review
of the money situation throughout the
world is contained in the current issue
of The Commercial & Financial
Chronicle, one of the most conservative
publications of this character. This re-
view shows that money is easy in every
financial center in the entire world a11G
it concludes with this paragraph:
I'm New York (the financial barOm-
eter Of the United States) the money
market has afforded not the faintest
clue that one of the most important
points of the year is at hand. In other
ed nor has there been any noticeable
broadening of the inquiry for accom-
mediation 1t will thus be seen that
the second half of 1911 opens under
very favorable monetary conditions
throughout the world"
This doesn't look very much ike
hard times were at hand. And agri-
cuIturally speaking, even Kansas is in
better shape despite the dry spell than
are other states. Local bankers have
advices that agricultural conditions are
worse in other states. In Ohio for in
stance they are shipping out sheep and
cattle as fast as they can get cars he
cause the pastures have been failure.
Sheep are even being shipped out there
at IS cents head. And the local bank
ers have further advices that the peo-
pie of Ohio are not yet discouraged at
the outlook.
So why should the people of Kansas
look blue and pirate about hard times.
It would be well to wait until they ar
rive before any tears of distress are
shed. And the bankers are sure that
nothing approximating them are due
for this year.