New-York tribune., 1912-07-15
BANKERS ARE CHEERFUL
From All Sections Come Words
of Encouragement.
BUSINESS SHOWS GROWTH

Only Suggestions of Possible De-
lay in Return of Prosperity
Politics Ignored.
week ago The Tribune published few
,...ors received from bankers and business
..,carns in several centres. giving an ex-
..oesion of belief in the present and pro-
p.o,,ve conditions Of the country. These
s!y.,ors were in answer TO a list Of questions
-, ~ the leading bankers and commercial
..,ses throughout the United States. The
n.evers published last Monday and some
-.,ers here published give valuable informa-
v.n On the present business status and
70, the FINANCIAL and business world ex-
pects in the future
rbs following are the questions asked in
49,. ,o+ter sent by the Financial Editor Of
The Tribune:
Ts YOUR business improving?
From your observation do you think other
,,stitutions in your line are enjoying a
etnoilar betterment?
DO YOU believe that we are beginning
,ar,od of renewed prosperity?
The Hamilton National Bank, Chatta-
,nooga, Tenn;
E .Peplying TO your various inquiries Of
i,bo 21st ult. in reference to business condi-
IRONS in this section OF the country.
4 .It is our experience that business IS i'm
lrroying steadily. and from our observation
ntber institutions throughout the Southern
states are enjoying great degree OF pros
rerity perhaps the greatest IN our history.
We can see nothing in the way for period
of renewed prosperity; in fact. the outlook
from every standpoint is the most promising
,hs South has ever known"
Tho Citizens National Bank, Of Balti-
more, Nd:
referring 10 your inquiry Of June 20.
an enabled 10 answer your first question as
IN our business improving in the affirmative,
and from observation am inclined 10 think
that other institutions in our line are en-
4py5ng a similar betterment.
F--As TO the query, DO you believe that we
are beginning a period Of renewed pros
perity? ! think, in a general way, that in
dcations are bright, with one good sized
cloud on the horizon, and that is the
, weather. II we have good crop weather
for the next sixty days ! think there is
nothing else 10 prevent renewed prosperity
Of substantial character Unless we do
have good weather business is bound TO
drag along in about the same condition as
the present the remainder Of the year. AS
crops are now up to q fair average, owing
10 the lateness Of the season, and there are
50 many interests depending upon the yield
Of Mother Earth, that particular improve
nert will have 10 come out Of the ground"
Nationa! Bank, Grand Rapids, Mich:
IN brief reply to your inquiry Of June
81 may say that our business IS larger
than II was last year az the same time and
our deposits are growing and we are max
ing more money. We think this condition
obtains throughout the state and in this
part of the state
Regarding question No. we are unable
{, say whether we are at the beginning OF
period Of new prosperity or not. We do
believe, however, that in general way
business is being more conservat!vely han
Died, buyers are purchasing only their
needs, merchants are not overstocking their
shelves. manufacturers are not piling up an
excessive amount Of manufactured goods
and that all are selling about what they
make and about what they buy at fair
,ptoat This being the case, we should think
THAT any influence which gave the mass Of
the people a greater buying power would
bring about greater prosperity.
The farmer seems 10 be getting his share
o. the money these days, all Of which, IN
the long run, brings about greater buying
power
We think that business is handled here
on conservative basis and hope that moth
Ing in the country will interfere 70 prevent
It's continuance on the same basis
The Bank Of Buffalo. n. Y:
Answering your first question-On the
general average for the year, Yes. but
Just at present, NO
"AnsVering your second question-From
our observation. which is limited princi-
spally 10 this city and its immediate vicin-
ity, We believe that properly managed in
stitutions in general are enjoying gradually
improving business.
Answering your third question-Not
withstandlng the fact that We think that
we have not had the liquidation since 1907
which we should have had, we are of the
op.Sion that the country is entering upon
speriod Of renewed prosperity which moth
ng not even the election Of the most rad
hal candidate BY either party, can stop"
The Fourth National Bank Of Atlanta,
Ca
In reply TO your letter Of the 10Th ult..
vi say that our deposits and net earnings
!tsuary 10 date are ahead Of the same
is.cd Of time for 1911 Other institutions
a DOR line IN this city are doing q pros
EfoGs Business. For the last several years
cas general business conditions in the
@1th, particularly Georgia, have been
sooi"
The First National Bank Of Birmingham.
Ala
Replying to your communication OF the
an Glt, would state that our business is
A'ger than II has ever been az this sea-
s'h Of the year. although our transactions
el'sAg the summer months are cons!dera-
ny hghter in volume than they are during
,ae ii and winter and our deposits are
.sa. as rule. This is usually the case
wa Southern banks. a large portion Of
@eaPe business depends upon the cotton
L -rz lsF'e Is much better demand IN the
ahsham district for pig iron than has
''sa u evidence for several months past,
80 Prices are better than they have been
'ns last twelve months. No foundry
.Hns at 81 80 ton. The steel mills In this
a0n are running full, but the prices Of
We products have only recently begun to
seH an Improvement
nhile there is some uncertainty in the
,'"ueal situation, confidence Is generally
Spsessed in the permanenee Of the i'm