Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1914-11-23
JOE R. LANE SEES
Revival IN TRADE
Decided Improvement Is OBJ
served by Him During the
Past Three Weeks.
RETURNS FROM NEW YORK
Confidence Has Been Restored and
Business Is Picking Up on
All Sides

Hon. Joe R. Lane has returned to his
City. where he had been called on
business. He brings home with him a
message OF good cheer. Public conf
dence has been restored, business in
general Is picking up. and prospects are
bright for a continuation of this re
vival of business
Mr.. Lane, who IS a former member
of congress from the Second Iowa dis
trict, was also in New York three
weeks ago. The marked change for
the better he noticed in business con-
ditions during the period which elapsed
between his first visit and that OF the
past week is most interesting as well
as encouraging
Three weeks ago when 1 was in
New York the uniformity of feeling
and expression was not only that
business was bad. but that there was
no apparent prospect OF an early i'm
provement But this week | found a
decided change in sentiment. Prac-
tfcaIly every person whom i heard ex-
press himself was unanimous in de-
claring that business conditions were
already improving. and they had de-
cided opinions that business in all
lines would continue 10 improve
said Mr.. Lane.
Commenting further, Mr.. Lane
said: In New York City the cotton
exchange was opened the past week,
after being closed for several months
Business transactions growing out of
this event were all consummated with
-.sfeFarfsnn There
not a single failure of any concern or
business engaged in this line.
ION the same day the new reserve
bank opened in New York City. While
il handled an immense volume of
actual currency and gold in deposits,
it seemed TO have the cooperation of
the entire banking interests of New
York City and surrounding territory.
In fact some of the New York banks
loaned to the reserve bank their as
sistant cashiers and heads of various
departments, all of which indicated
splendid feeling on the part of the
banking interests.
A Phenomenal Showing.
THE result of this assistance en-
abIed the reserve bank on the open
ing day TO actually count a hundred
million dollars in cash rep. .hesetao
million dollars in cash represented
by gold certificates or gold coin. which
in itself was a tremendous task. In
addition TO this the bank transacted
all its other business and was able
10 enter its booking OF all these trans
actions and have them completed by
; O'Clock in the afternoon Of the same
day.
The indications further show that
a large number of manufacturers
who have been operating reduced
forces are putting on additional men
and are receiving satisfactory orders.
Some factories of considerable size
and importance are running to full
capacity"
As IS well known. Mr.. Lane is a
close student OF financial and indus
trial problems. He speaks only when
he has something TO say. His views
always bear weight and influence In
summing up his personal observa-
lions as a result of his last visit to
New York. he said:
The impression I obtained is that
all lines OF manufacture, jobbing and
retailing are improving, and there
seems to be a strong confidence on
the part OF proprietors OF business en-
terprises as well as capitalists and
bankers that a continued marked i'm
provement in all business and indus
trial affairs is assured.
This applies to all lines except
one, viz: railroads. II seems TO be