The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1914-05-23
ONE FOR KANSAS.
Continued From Page One.l

ton Of =. W. Hoch and he has just
retired AZ president OF the Kansas
Bankers' association.
Kansas will land but one director OF
the federal reserve bank. AT present
there are three candidate for the
Mace. q. H. Rogers Of the First Ma
tional bank of Abilene and ]. w. Carey
of the National Bank OF Commerce OK
Wichita, are both candidates Tor
place on the directorate. Several con-
ferences were held by friends of the
in an effort to bring about
the election Of all but one candidate.
but none Of these conferences bore
fruit.
The new tariff law will not ma
terially affect the price of grain and
produce, according to q number OF
we'll known state. bankers. who de-
clare that the Kansas farmers need
fear no unrest regarding the future.
These bankers point to the fact that
wheat IL now higher than at any time
In IS months and that American spec
ulators have withdrawn their orders
for future delivery Of Argentine corn.
AS for beef. the bankers arc resting
easy under the present market quota
lions. which are $3.50 higher than q
year ago.
1t u the failure of the new tariff
to bring financial suffering to the
I2E110I anu TIC PAOSkCSec ~ 49, 49, =
est wheat crop ever harvested in the
state, that is causing the LOO bank
ers attending the Wichiat convention
to look on the future with more hope
than has been felt in financial circles
in several years. Not one banker at
the convention has expressed senti-
ment of pessimism. For the first time
in from four to seven years the state
promises to produce full wheat crop.
The new tariff has not brought the ex-
pected hard times and the bankers
deny that there IL a Tightening of the
money markets because Of the Demo-
cratic tariff bill.
Western Kansas Prospects.
western Kansas will have the FIRST
really big wheat crop In four years"
said Charles e. LobdeM Of Great Bend.
a Republican and ono Of the best
known bankers in the state Every
one IL optimistic regarding the future.
Short crops last year caused q tight
ening Of the money market, but an
Improvement II already noted and
believe that the business outlook Ii
better than at any time in four
years"
Every banker at the convention II
an optimist and sees only improved
conditions in the business outlook of
the state and nation" said Senator
John T. Denton of Grenola, Elk
county.
AS for the tariff. the Democratic
Cancellation of orders for Argentine
meat for future delivery means that
the Kansas stock producers will not
suffer. they say. AZ for wheat, it Il
already higher than at any time in a
year and a half and the quotations on
corn are as high as the best inter-
ests of the nation will warrant. At
4. H.. - r~A Z
Wagner of Larned, one of the most
widely known bankers of the state.
Wheat Price High.
1.-The price of wheat today in the
United States is higher than it has
been at any time within q year and
a hail. said John E. Wagner of
Larned. THAT Is Notwithstanding
the fact that We, have the best wheat
prospects in this country that we
selling in Chicago at cents bushel
higher than in Winnipeg or any in
terror Canadian point. That abso-
lutely destroys the contention that the
importation of Canadian wheat will
injure the American farmer.
Corn is selling today at a higher
price than is good for the American
people or good for any American
farmer. The importation Of Argen-
tine corn has not reduced the price.
but probably caused the price of corn
to remain below a dollar a busnel.
last year in the history of that coun-
try. Yet its Importation into this
country is comparatively light. Their
impOrtatiOns never will injure the
American farmer, owing to the fact
that they are 1000 miles nearer Eu-
ropean sea board markets than they
are to American interior markets
Uyhapa their ho In
shipping to Europe, they pay an
ocean freight rate. In shipping to
the United States, they pay an ocean
and a railroad freight rate. The pur-
chase of Argentine corn by our board
Of trade men and spectators. every
shipment for future delivery has been
cancelled and their margin Of loss
paid.
THE importation of beef has fall
en- from eight million pounds a
month-which is about the same
amount as is sold in Kansas City at
morning-to almost nothing at this
time. while the price on hoof aver
ages a dollar and a half higher than
a year ago. Then we had q tariff
duty on meat
Little Import Effect.
THE tariff. high or low, does not ma
terially affect the price of Kansas
wheat in my opinion" said Senator J.
D. Joseph of Butler county. Wheat
imported into this county, except In
years Of great wheat failures, consists
largely Of seed and wheats that can
be prOfitably mixed with our wheats
in making certain grades of flour
chiefly for export -four trade-and can
not be said to affect our local markets.
~ln case of a general failure here. it
Is proper that wheat should be import
ed for the same reason that had 1t
been possible. 1t would have been a
benefit to Kansas farmers to put a duty
or q high transportation rate on corn
, shipped from other states into Kan
sas the past year; even though such
| an act would have enabled one farmer
| in fifty to have received 81 a bushel
for his corn. 1 think such conditions
| ought to answer the tariff arguments
and / am sure that there liz no alarm