Bisbee daily review., 1914-08-11
LOCAL BANKER GIVES
 OPTIMISTIC VIEWS
 ON CONDITIONS HERE
Gives His Reason for Believing
 That Present Season of De-
 preSSion Is Only Temporary and Prosperity Win Follow

One of the leading bankers of the Warren district with whom the editor oi the Review discussed the present financial and economic situation, has contributed the following views un- der the pen name. Optimist:
 Editor of the Review
 ] cannot refrain from telling you of some of the good things In store for Bisbee and the United States
 The banks Of the country are in eX- cellent shape. The government has issued one billion dollars for the use Of the banks Seven hundred million Is also available if needed No banks will find it necessary to close their doors and Bisbee win always be able Co pay in cash no scrip this year. The government has one billion three and four million in gold It has plen- ty for our needs and can give Europe almost any amount
 This country win be running along pormally in a couple of weeks Why '? The Rockefeller interests are buying up an securities coming over from Eu- rope S10S was bid the other day for Pennsylvania, which is three points above the close of the market
 The English government has guar anteed shipments to England grain has gone up three cents as a conse- quence. The increased price of wheat has meant two hundred million to this country
 fulfilled tonnage of the Steel Trust Increased two hundred thousand tons The prices of steel have been ad- vanced S2 to $4 per ton.
 Cans and canned goods have gone up 10 to 3OG because Europe is in the market for it.
 Cotton has gone down, but when you realize that all the fighting will be confined to the German UorGer, affect ing only Belgium, Alsace Lorraine and LuXemburg. the industries of England France ana Russia win shortly go on as before.
 The natural question arises.-How are We to ship our produce to Europe? England has already guaranteed ship ments. There will be plenty of ships after the mobilization is over We have 4250 vessels, Norway has 265O. England has 14.315, France has 2150 and Japan has 23OO vessels.
 Europe cannot do without our pro duce and they will find a way to get il and they apparently have plenty Of ships of their own to get it.
 A banker in New York predicts O great boom for this country. The United States has a great supply Of food. manufactures and money and is ready for anything while the rest of the world is undoing its progress. An other banker says that our commerce has gone ahead twenty-five years while foreign commerce has gone back that much.
 Locally as well as in all the other copper camps, except that we have here the two great companies in the world, great in all ways but especially on account of their treatment of their employees and the better wages they pay, the production has to be cut 50 per cent This country has been using only 39 per cent Of the production since the first of the year From now On this country cannot help but use 60 per cent of the former production and shortly a great amount more Copper follows steel Steel thrilled orders increased 10000 tons. The price has gone up. The rate decision is out of the way and the railroads will need lots of material to make re pairs which they were holding mp un til the decision was handed down
 The countries like South America