El Paso herald. (El Paso, Tex.) 1901-1931, 1913-10-07
Pres. RAYNOLDS
IS OPTIMISTIC
Head of First National Re
joices in Strength of Ell
Paso-COuntry Is
Prosperous

Joshua S. Reynolds, president of the
First National bank of FL Paso, Tex,
and also of the First National of Albu-
querQue, N NJ, who returned home yes
terday from two months eastern trip,
brings back very optimistic report
regarding conditions generally over the
country. Mr.. Reynolds says he is glad
to get back to Ell PasO, and that the re-
cent statement appearing in the papers
that he was building a big house IN
Las Vegas, n. NJ, to live in, is a joke
FL Paso in general viii be glad to know
that Mr.. Reynolds says FL PaSO is good
enough for him and that he continues to
regard this city as his home.
Country Is Very Prosperous.
Mr. Reynolds says: From my OBJ
servatiOns, Industrial conditions are in
very excellent status all over the coun-
try, but especially in the central states
In PittSburg, one of our greatest manu-
featuring cities the great industrial
establishments were all running full
blast, and the most optimistic spirit
prevailed Among other cities visited
were Canton and Akron, o., both i'm
portant manufacturing towns. In
Akron, rubber manufacturing center,
We saw one factory whose output was
amounting to S4O,OOO,0O0 a year.
The only feeling of uncertainty
which I detected was in New England.
where, of couse, the great leather and
wool interests are going to be affected
by the tariff, and, until the results of
the new bill can be seen with certainty,
they are a little uneasy.
The Currency Bill.
THE agitation that is going on about
the new currency bill, instead of being
helpful to the manufacturing interests
and business in general Of the country
appears to be having an injurious eff
feet just now. However, we believe
that the intention of the trainers OF
this bill is good and we hope they will
be able to get the bill in such shape
finally that it will not only be ratified
by the senate, but approved by the BUSH
ness interests of the country
Money Offered Freely.
During my eastern trip visited
quite number of the leading bankers
in both Chicago and New York, and
found them feeling much more Optimis-
tic about the future business situation
than they had been so or 80 days before.
I talked with New York bankers on
the subject of rediscounts for western
banks They very promptly offered US
S1,500,000 for our customers, which was
very gratifying.
Their ready response from New York
bankers confirms the feeling which I
have always entertained, that the New
ork and Chicago correspondents, with
whom we have an acquaintance and
bushes connections of over 80 years
standing, can be relied upon to help US
carry our customers and patrons
through any period of depression, even
more certainly than a government re.
serve bank, managed by politicians
pull
Fl PaSO Is Good Enough.
Il was told, when 1 reached New
Mexico that you had a statement in
your paper to the effect that I was
about to erect a big house in Las We
gas and live there. This must have
been a joke as I have had a house in
Las Vegas since 1882 that cost me $685.
600 and is still big enough for me and
my children and my childrens' children.
It has been the home of my family for
the past so years
q viii continue to spend some of
my time there in the future as I have
in the past, but will doubtless spend
the greater part Of my time in FL Paso,
here.
TT is a great pleasure to get back to
Ell Paso after spending a month or
two in the east It is such a busy spot
and such clean, wholesome and we'll
built city. I almost feel as Zach Cobb
says, that this is the greatest place on
Gods footstool.'