The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-10-16
The security Market.

p. f..lul 90 sets forth that the shock
to .,.'.ju ami business interests of this
cos.tr, ana tho arrangement OF foreign
exchanges resulting from the European
wa Gre being overcome and the most
serious conditions now confronting the
arir.nI. business and investment inter-
,s'. = ia's country arise from sie fact
tha' '...s Is mo- market for securities
v'N '.ls situation is remedied. the
preamble says. IN" financial exchanges
,auu.' nc opened and business restored to
normal conditions.
A distinct note th.t has been sounded
through 'n- gatherings OF the bankers has
ben ,r'.rism of Secretary OF the Treas
uiy McAdoo. THIS has not been expressed
formally 100 resolution or in address, but
q hes been manifested by the bankers OF
aa sections IN conversation and discus
sion Everywhere the bankers have re-
ssU'el secretary McAdoo chasing them
officially as "hoarders Of money" because
they carried reserve in excess OF what
The Secretary thought proper.
Al agricultural symposium of farm
financing problems was the feature OF the
prog anime ~ the days addresses. preced-
lng me final business session.
Loslu ". Page chief OF the United
states Public Roads office. told the bank
efs that money wasting on roads should
be avoided hy a supervision through non
partisan state commissions
That farm land larger than the area OF
MARYLAND has been agricultura,ly aban-
toned 10 Tho North Atlantic and New
England states within thirty years was
declared by Ptof. Cyril @. Hopkins OF the
University Of Illinois lie denounced "a
ff.f.'p 4 ul4SfaftI no al.
by the department OF Agriculture experts
10 spend S22,OOO,OOO draining the Florida
Everglades
Barton Hepburn Of New York chair
man OF the associations currency commits
son, discussed the new reserve system
ann inc EFFORTS of the commission TO mould
the iiw IN Congress
Hawking and Cnixenship.
=, Edward IL. Graham. president OF the
University OF North Carolina. in his adj
'it>' "l Banking and the Larger CItI-
zensh % said in part:
BUSINESS ~ business: but IL Is also
A'e-'u essential part OF the life OF the
.n1NdNal man and an essential part of
u" I'VE OF the nation. What we are
coming 20 see Is that good business. like
az other good human activities. has
TWO characteristic marks: IL must he "A
g. Job In Itself and 1t must be done
N accord with the standards of the
nation OF which IL is a part
The iir,t Is q question OF Individual
.."'Hom and efficiency. the second Is a
quest n OF responsibility and relation
'.p R"conciling their contradictions
d a practical standard OF Christian
democracy is the task OF the clvlliza-
.o1 that We are building"
Prof Hopkins of the University Of
Illinois in his address on soil Fertil-
y Introduced a few remarks on in
''ri7i.onal peace. He said
stop building NATIONAL warships and
q asst deiences and unite the national
nnvos Of the world into an interna-
utra' or world navy to be controlled
ny q representative international COM
mission Hr congress, and thus maintain
world peace with the world power for not
until 'he dawn OF the millennium can
~ h.'' 70" pc"n tt".t peace fr IN ven.
Inent and treaty.
The union of al rayisS 1t the close
of me present war into one internato! raj
raral power for the preservation OF per-
nnr0u' International peace should be less
"cut Il achievement, .han was the
union Z the states into the United States
NJ "a time when battles were sometimes
'oNg month after peace was de-
cllrel"