Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1911-06-04
CROP REPORTS ENCOURAGING
Information at Hand Indicates Good
Season Ahead.
FRUIT YIELD WILL BE LARGE
Big Job with Fat salary 60 he FILLED
by the New York Clearing House
Banks-Standard Losing
Old Leaders.
nv PRESTON c. ADAMS.


accurate information concerning the condi-
ton Of the crops Is a mighty good founda-
bon upon which 20 build forecast OF the
with this prelude. It may be permitted
to print statement which comes from
a big manufacturing concern in the middle
west whose agents and statesmen cover
the entire country and are in n particu-
larly favorable position to get accurate in
formation concerning the crops The state
"The dominant note seems TO be that
while both soil and growing crop condi-
pal matter now to watch is rainfall
throughout the west. northwest, the CEN
trail west. as upon the amount which we
receive in these sections between now and
July 1 will depend the outcome OF the
crops; apparently there is no surplus
toned, nor in the southeastern Atlantic
states"
Conditions Mostly Favorable.
Western half of Oklahoma stlll too dry,
and while sufficient moisture for present
needs in eastern Colorado. western Kan
sas, western Nebraska, eastern wyoming,
Idaho and Montana. all of both Dakotas.
northern Minnesota northern Wisconsin,
yet reports show subsoil in these sections
very dry hence need of seasonable rains
from now TO insure crops.
Corn not all planted. but general increase
Q to 10 per cent in acreage indicated;
plant so far in good condition.
Cotton mostly planted. with about per
cent Increase in acreage. Growth OF cotton
plant retarded east OF Alleghanies by dry.
cool weather; west OF the same to Missis
sippl river by cool. wet weather; partcu-
larry fine west of the Miss!ssippi river: no
mention of boil weevil.
Winter wheat promises as large a crop
under favorable conditions ever har-
vested; about per cent increase in acre
age Spring wheat I'm good shape about
10 per cent increase in acreage.
Large increase in oats acreage, but con-
dition badly spotted.
Large increase in flax acreage in north
west
All secondary crops show increase in
acreage; generally good condition.
Large increase In acreage of alfalfa,
west.
Fruit crop promises largest for years.
particularly apples and berries. Peaches
hurt severely in certain sections, but still
good crop. Citrus fruit damaged to soma
extent in southern California and Florida
peninsula.
Coal mining improving; all other mining
quiet.
Live stock shows Improvement over last
year
Lumber interests quiet
Sufficient water in irrigation districts In
west
Good Job for Expert.
One of the most important banking posi-
tions in the United States must shortly be
filled and already the possible candidates
are being considered. The office Is that Of
special examiner for the enlarged New
country will he placed i'm possession Of so
full information concerning the financial
operations of New York City. It will be
his duty to ascertain the exact status
of every bank and trust company in the
organization. From him nothing will be
hid.
He will be clothed with unlimited power
In regard to investigating banking ac-
counts and transactions. The knowledge
chasing at almost any price. II is es-
sential, therefore, that the governors Of
spuatons as to- the conduct of Os this ef
fetal during his term OF office and after
he may resign.
To secure the right kind of a man a
very large salary will be necessary-not
less than $25, 600 per annum in all probable
l n,y,, 10 nave the duties performed thor
four times that sum to New. York. 1t
is said that no local banker will be
Gifted.
Second in Importance to the admission
or trust companies to clearing house mem
bership is the agreement to appoint a spe-
cial examiner with an adequate staff. 1t
is even said that If the financial powers
were as anxious to introduce this innova-
ton as they were to enroll the trust COM
panies.
Without casting the slightest aspersion
10 the state banking department. II cannot
be said that its periodic examinations In.
spire full confidence now that the trust
company business has reached such mag
nitude and has become so extremely diver
sified in character. When merely trust
funds were handled the pubiic's Interest
but today the New York trust companies
are to be found engaging in ali sorts OF
operations from the promoting of ''holes
In the ground" as mines to the collecting
OF interest on the government bonds of
widows and orphans. The national banks
tionabe doings, and II is believed that the
new arrangement will prove a valuable
step In the right direction.
Standard Losing Old Leaders.
One by one the old timers Of the Standard
Oil are receiving their final summons, and
the younger generation have not de-
monstrsted their ability to successfully
III the gaps. Seven prominent Standard
years, so that today only a few OF those
who were associated with John D. Rocka-
remain at the helm helm. Daniel o II" a was
among, the, first to go, II. II. Rogers:
often described as the brains of Standard
on, ~ died under lamentable circumstances;
In financial circles II was well known that
this rugged ioo finaneieT lost heart over the
ford, f. O. Barstow and Philip Ruprecht
have all passed away. while this week
James Smith, head Of the manufacturing
died suddenly at the age of So. How far
oVerwork has been responsible for the
mortality among Standard OF officials
acquainted with the facts believe that the
strain involved has been factor in cut
of those here enumerated.
Who will be the successors OF the Stand
ard OIL leaders removed by death and OF
the septuagenarians and octogenarianB
whose active labors are nearing an end7
Young John ID. Rockefeller has no taste
for business. but desires to devote his life
to the philanthropic schemes evolved by
his father; William Rockefeller's son.
Percy. is an active. strenuous worker Of
recognized ability II. II. Rogers Is cred
tied with possessing more than average
brain power, but he has not SO far CON
WINGED his associates that he Is destined
to adequately fiji the shoes OF his father,
The young Bedfords are noted for their
strict attention 20 business and they are
already filling important positions in va
rious departments. But as already stated.
the younger element have not vet won
their spurs. Fortunately, their training
will 1T them for complying with modern
rules for conducting gigantic enterprises
inRsmuch as they cannot but realize that
the age OF unrestralned and unmerciful
tactics has gone bv and that hereafter "a
corporations' morals must be above re-
preach