Bisbee daily review., 1914-08-06
Thursday Morning August 6 1914
THE WARREN DIsTRlcT AND VAR

lhE WARREN us hiGi ANU WNh
 Slowly, almost duly because of the bigness of the shock people Of this county beginning to realize the fearful import Of the European war This realization dawning upon the citizens of community, the Warren District as elsewhere No man or woman is SO untutored the worlds affairs be ignorant of the fact that such an international upheaya must be at tended with unusual economic conditions throughout the globe
 But that part Of the globe in which we especial ly interested is bounded by the limits of the Warren District What Is going to happen right here? Future events are limited their capacity for good evil by circumstances Of the past from which they take origin If the business institutions of community stand on foundations built strongly and directed by of proven capacity and conservative methods the commun icy has no occasion for apprehension The Warren Dis trict is such a community Its business institutions rockribbed It's business enjoy the confidence of every intelligent constructive citizen Not alone because of these facts also the character of it's citizens the Warren District going to loose its head over whatever economic disturbances may arise
 Whatever these disturbances may be, they cannot otherwise than temporary The without sufficient backbone stand up straight in the path of passing gust is spineess creature indeed The who seeks to make neghbor believe that the gust is tempest is an acknowledged craven The woman who smiles she cuts down the amount butter in her pastry recipe in order to penny is the kind of woman the world will always adore. The men and women who confront neetng change of circumstances courageousy are the possassors of real nobility
 It would be strange if the Warren District were not visited by the need of economy for time as every com munity in this land will be. Every community the land over the positive assurance that nothing approach ing disaster can befa This is because of absolute stability of our Government It enjoys the distinction at the present time of being the stable nation earth
 In just that proportion which other communities en- joy the Warren District shares the protective blessings possessed by nation surrounded and supported by im pregnable financial and economic bulwarks Just word as to these-Our country has prepared to place more billion dollars in circulation in addition to tho riches already utilized purpose This money backed by prime assets banks will Issued under modification of the bank law passed in both houses. All national banks, state trust companies that are members the new federal reserve system and those who have agreed to join may notes up 125 per cent of their combined capital and surplus There ap proxmately billion seven hundred and sixty million of capital surplus upon which issued can be based or that eight hundred million is invested n government bonds and is not available Approximately nine hundred million plus 25 per cent therefore ready as a basis for the new issue
 Only the skilled dnancier can appreciate these hg- ures. But to the average man-you and in the War rm Distuct-they mean just mis that our countrys credit and our countps stability is unassalable no matter what beudes Europe These figures mean that there stands back of thc Warren District tremendous power which uoeka at panic; which derdes continued hard times.
 But our interest naturally centers in what the War ren District s going to do for itself We believe that tbe Warren District Is possessed Of abundant courage. We believe that Che Warren District will weather brayely season of business depression. We believe that tho Warren District win prepare for greater and more pro nounced commercial successes. We believe that Che Warron District win work out is problems manfuy. Our yast resource here unlmpared future is secure.