South Bend news-times. (South Bend, Ind.) 1913-1938, 1914-08-28
BY JOHN HENRY zUvER.

L
people are accommodating more of a
get together spirit" are forgetting
personalities. and are looking at
things more from the standpoint Of
their effect on the future, Secy. II. q.
SpauIding of the Chamber Of Com
! merce, believes that South Bend will
make its way through the war crisis
with good results
The secretary Of the chamber was
particularly interested in the inter-
views with manufacturers published
in The News-Times yesterday and
expressed belief that matters would
move on, with proper cooperation on
the part of the public. very much as
predicted The small manufacturers
in particular doing an exclusively
domestic trade-domestic within the
United States.-cannot, in his judg-
ment. be possibly affected, unless il be
in the matter Of raw materials needed
in the manufacture, and even in that
I he seems TO have the confidence in
American ingenD " to believe that if
pushed TO the wall, the most of those
materials will be found to be pro-
duceable in this country.
South Bend haF one or two inStitu-
lions, the Russ Bluing Co, for exam
pie. OF which the European war will
probably be the making. and even
those concerns that depend upon Eu-
rope for dyes. like the South Bend
wooden mills are finding that they
can get by except to a few cOlors.
which will by no means put them out
of business.
With the elimination of the crazy
Partisan fashions during the war
there is a possibility that many OF the
gaudy cOlors will drop into desuetude
anyway, and the more sober colors
capable of American production.
Banks Are Also Optimistic.
And on top of this the South Bend
financial situation develops sound.
The banks are optimistic. and the
banks as repositories through which
all circulation media passes, are al
ways a good criterion of COM
munitys prosperity. The bankers, in
fact. are even more optimistic than
the manufacturers.
THE United States will profit by
the European war. not necessarily as
a matter Of morbid desire. or excess
energy. but purely as a matter of ne
cessity-a sort of turning this wy,
Of the pendulum Of fate"
The above is the language of z. II.
Miller, secretary of the American
Trust Co. Prosperity will be forced
upon us by it, he says.
"This country was never in better
shape since 1907 than il is now" Mr..
Miller contends. The federal reserve
bank system renders a money panic
impossible. and this war will force in
dustrial conditions TO the good in
spite of themselves People who
worry about the European demands |
upon our gold reserve have the wrong
idea. Instead of our gold they will
soon he taking our goods, and South !
Bend az a manufacturing center is
going to boom rather than fall back
on account of this war;
According t. Mr.. Miller the situa-
ton is not half so bad with regard to |
shipments to Europe as it has been
made TO appear. Since England an
nounced recently that the northern
Atlantic had been cleared for COM |
merce British freighters have been
doing a thriving business in those |
waters under the protection of the |
British navy. An agent of the Cunard
steamship line, in South Bend. only |
yesterday. declared that the bottoms
of his cOmpany's ship are all full and
that they are sailing. The freight
business of the Cunard line has sell |
dom been better.
May Affect Singer Plant.
This fact may throw some light on
the situation at the Singer plant here, |
said TO be resuming full operations. |
in South Bend than ever, due TO many
of the employees i'm their plants in /
Scotland and Russia having been call |
ed away to war II is understood |
here that both these foreign plants
have been forced TO shut down. and |
that the trade will be temporarily |
supplied from the South Bend fac |
tory, probably shipped abroad in En- |
glish bottoms.
South America ia already appeal |
ing TO the United States for products |
and manufactured goods formerly |
purchased in Germany" says Rome G. |
Stevenson. vice president and treas !
urer Of the St. Joseph County Savings
bank. This is a comparatively new /
field to us. and once gained an in !
cident OF the war, we ought TO be able |
TO hold IL. The orient is also coming
10 us for assistance before the thing I
Is over which is another important !
field"
Mr.. Stevenson expects the war 10
he over by the first OF the year. but !
at that anticipates a considerable eN-
cess demand for American goods |
even In Europe all through the period |
of reconstruction and rehabilitation.
1T Is a foregone conclusion he
saws Europe, South America and !
the orient must have these things !
and where else than in the United |
States can they get them? l posi-
lively believe that the United States
and South Bend as a manufacturing /
center along with it's having forced !
upon it, an era OF prosperity such as
has never before been experienced"
Mr.. Stevenson. like SeCy. Miller Of I
the American trust, and with them, 1
the other local bankers are as one on
the subject OF solid local and national /
finances Neither our bank nor any !
OF the South Bend banks have suf-
fered so FAR as l know on account IF |
this war, nor are they likely 90 suffer-
says Myron Campbell. president OF !
the south Bend National bank, and 4
CT airman of the clearing house as
~ citation. TO which all the banks be-
long.
Matter of Supply and Demand.
Deposits are gradually growing. /
There have been no unusual with /
draWals. There will be no necessity 4
foI it." Mr. Campbell continues. /
There has been a tendency TO slightly i
increase banking rates. but that Is /