Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1914-07-28
GOOD TIMES
ARE PREDICTED
Missouri Bankers See Good
Times Ahead, In Report
To St. Louis Republic
OPTOMISTI.C LETTERS
Bumper Crops and Con.
fidence in New Currency
Law Brings Good Feeling

ST. LOUIS, Mo-, July 25.-Bankers
of Missouri, each in touch with the
actual financial and business and crop
conditions in this territory, believe
that the state is on the verge of one
of the greatest eras of prosperity in
it's history.
In number of letters to the st.
Louis Republic, replying to inquiries
as to the exact conditions in the
state, they have declared in no uncer-
tain terms that Missouri is entering
with the coming installation of the
new currency system, on period of
exceptionally good business.
The majority of letters received by
the Republic ascribe the optimistic
outlook to the bumper wheat harvest,
its already noticeable effect in finan-
cial circles in certain districts and
the belief that the new currency sys-
TEN when in operation will increase
the financial prosperity of the state
many fold.
Many of the writer's have gone into
painstaking detail and show in their
letters just what the situation is in
their own sections of the state. The
inquiries were sent out regardless of
political creed or belief and with a
request for replies in the same spirit.
This has been done.
Those in the farming districts pin
their faith to the bumper wheat crop,
the greatest Missouri has ever known,
and the fact that the harvest has
gone on without hitch and the farmers
are having few financial worries and
are able on this crop to take up old
obligations without the necessity of
making new.
Corn, too, has good prospect. In
some sections of the state they have
had plenty Of rain, while reports from
others show that the corn has good
stand and that with seasonable wealth
er will join with wheat in making
this great year for Missouri.
Some of the letters follow:
r. B. Price, president of the Boone
County National Bank of Columbia,
Mo-, is typical optimist:
81 am an optimist in regard to the
effect upon business of the currency
law" writes Col. Price. "It gives the
agricultural districts of the country a
fair deal financially, something that
they never had before.
'It is a marvel that bill, making
such radical changes, and yet so ad-
mirably adjusted to the wants of the
whole country, could have been work
ed out and have become a law with
so little friction and be at once uni
versally approved by the country at
large.
Speaking of local conditions, the
100000 bushels of wheat now being
threshed in this county will soon be
changed to money in the banks. The
prospect of an unprecedented corn
crop presages good money conditions
this coming fall. Every prospect
Ileases."
Joseph Jackson, Jr., cashier of the
First National Bank of Maryville, Mo-,
writes:
"At the present time all indications
are that we will have bumper yield
of corn and small grain will yield up
ditions are good however, bank de-
posits show a decrease from three
months ago, which may be expected,
but are practically the same as twelve
months ago.
"The demand for loans is consider.
ably stronger than this time last year
and the bank discounts are running
25 per cent higher.
This bank looks upon the new cur.
rency law with favor and Is of the
opinion that the same will be a bene.
fit to business in general"
J. D. Buchananne, president of the
Bank Of Herculaneum, says:
"Our district does not rely upon it's
agricultural products, as there is not
very much farming. but manufactur.
ing and smelling industries are run.
ming full force. and are storing such
articles as they do not care to sell
at present thus evidencing the same
opinion that the time is here and
conditions are right and that bus-
ness must come"
J. L. Diffenderfer, cashier of the
Bank of Lebanon, Mo-, forecasts pros
perity under the new currency law: