The Farmington times. (Farmington, St. Francois County, Mo.) 1905-1926, 1914-06-26
A REMARKABLE SHOWING
The Republic Printed Friday the Opin'
ion Of Forty Bankers OF the State
of Missouri-All Hopeful and
Say Conditions Good

ter look up the ST. Louis Republic OF
Friday and read what the long array
of bankers of the state have to say.
An expression of hope and confidence
is found in every word Of these giants
Of the financial world. For example
one writing from Chillicothe, said,
1.-THE business outlook here is good.
Wheat is being harvested, and is pro-
ducing well. Corn looks good while
there will be half crop Of oats and
hay. In may opinion the new currency
law will have good and lasting eff
feet on the general prosperity of the
country"
And just turn over on the next page
of this paper and read what Mr.. will
son has to say about the coming pros
perity. He says, 1--WE know what we
are doing, We purpose to do it un-
der the advice, for we have been for
tunate enough to secure the advice of
man who understand the business Of
the country and we know that the ef-
feet is going to be exactly what the
effect Of currency reform was -
sense Of relief and security
eve are in the presence Of bust
ness situation which is variously in
terpreted. Here in Washington,
through the Bureau of Commerce and
other instrumentalities, that are at
our disposal AMI through a correspon-
dence which comes into us from all
parts of the nation, we are perhaps in
position to judge the actual condi-
ton Of business better than those can
| Judge who are at any other single
point in the country; and | want to
say to you that as master of fact
the signs of very strong business
revival are beginning more ard more
evident from day to day.
81 want to suggest this to you:
Business has been in a feyeHsh and
apprchensivc condition in this coun-
! try for more than ten years.
Il will not stop to point out the
time at which it began to be appre-
hensiye, but during more than ten
years business has been the object Of
sharp criticism in the United States,
criticism growing IN volumn and
growing in particularly, and as ma
| tural consequence as the volume af
criticism has increased business has
been ggowing more and more anxious
mo Operation Necessary"
Business men have acted as do
some men who fear they will have to
undergo an operation, and who are
not sure that when they get on the
table the operation will not be cap
ital operation.
"As n matter of fact, as the dag
nosis has progressed, it has become
more and more evident that no capital
operation was necessary; thai at the
most minor operation was necessary
to remove admitted disteTpers and
J evils.
THE treatment Is to be constitutions
al rather than surgical, affecting hab-
/ its Of life and action which have been
hurtful.
/ For on all hands it is admitted that
there are processes Of business or have
been processes of business in the coun-
/ try which ought to be corrected, but
| the correction has been postponed, and
in proportion to the postponment the
/ fever has increased-the fever of ap-
prehension.
"There is nothing more fatal to
business than to be kept guessing
from month to month and from year
| to year whether something serious is
going to happen to it or not and what
in particular is going to happen to it
if anything does happen.
Unfair to Keep Them Guessing"
at is impossible TO forecast the
prospects of any line Of business un-
L
less you know what the year is going
to bring forth. rl"f
Nothing is more unfair, nothing
has been declared by business men to
be more harmful then to keep them
guessing. euGe
"The guessing went on, the air was
full of Interrogation points for ten
years and more. Then came an ad-
ministratiou which from the first had
definite program of constructive
correction. not of destructive correc.
ton, but a constructive correction, q
very clear programme, disclosed SC
far as possible in a general program
in its particulars as well as in its gen.
eral features. And the administra'
ton proceeded to carry out this pro
gram.
First, there was the tariff, ane
business shivered. we don't like tc
go in; the water looks cold, some criec
but when the tariff had been passed
it was found that the reimbursement
was possible without any serious dis
turhance whatever. az,