The Birmingham age-herald., 1915-10-01
East and West CuItivating Better Understanding of
 Each Others Problems
BANKERS BACK FROM
 MEETING IN DENVER
Floating of Big Foreign Loan Ex' pected to do Much in Bringing the Various States Into
 Closer Relations
By HOLLAND

New York, September s0.--(Special) pr. George Bedell Vosburgh, who is a member of the faculty of the Denver uni versity. and who has no superior so far as information respecting the growth of the remoter western states especially Col orado, is concerned, was quoted recently by a friend as having said that Colorado is now a far greater influence and of closer relation to the general prosperity of the country than many persons in the east. and not a few even in the west. really realize. In his view, Colorado ranks second only to California in importance among the states west of the Missouri river. Dr. vosburgh's opinion has been voiced by some of those wno have re- turned from the Investment Bankers as- socia ton meeting held last week in Dem yer. Naturally majority of the invest ment bankers of the United States are to be found in the larger financial centers Of the east. Their number and influence justified them some years ago in organ izing a national association. Already re- suits of benefit to the public have followed thil organization and its meetings which have shown that the investment bankers acted well when they perfected their or ganization.
 The association was invited to hold its meeting this year in Denver, and there were several reasons why the cordial ln- vitst was gladly accepted. Investment bankers especially some of those of this city, were persuaded that they would be able to carry to the remoter west infor- nation which would be of value to the people who are accomplishing so much in the vast area which is included in the general term "the Pacific slope"
 In the closing months of Elihu Roots service as United States senator from New York, he was strongly convinced that one of the chief drawbacks obstacles to the higher development of nationwide pro sperity was the fact that different sec tions of the United States have lacked in- formation each respecting the other, not urdersta nding that the nation as a whole is a great cooperation organization so far as business life is concerned, and that the prosperity of any one section Is in considerable measure dependent upon the prosperity of all other sections MT. Root, when senator, delivered an address at Harrisburg, Pa, the theme of which was the necessity of establishing oflial understanding between various sections and constantly maintaining accurate in formation, thereby removing the ten ueDcy to entertain VltWS WHICH were based upon false statements. Senator Root intimated that no small part of the jealousy which has permeated some sec- tions of the country with respect to other sections had been occasioned by false in fern ation. sometimes given out by those who have political ambitions.
 This view was cordially approved by some of the great international bankers, especially one who has had prominent part in the negotiations of the loan be- tween the United States on the one hand and Great Britain and France on the other In speaking of Senator Roots re- marks. he said that there was world of truth in the latters statement. Further more, he said that that man would serve the people excellently who could persuade them that there should be no jealousy, latent or outspoken, between any of the sections of the country because all are dependent upon the welfare of each
 The Investment Bankers association, or at least some of the members who rep resent the eastern part of the country, were glad of an opportunity to revea. to the people of Colorado. and through them