South Bend news-times. (South Bend, Ind.) 1913-1938, 1915-09-09
BUSINESS REVIVAL
IN j. s. PREDICTED.
American Bankers Realize Pos
SibilitieS For Future, Says
William A. Law.

INDIANAPOLIS. Sept. 9.-When a
number of eastern bankers We're in
Chicago the other day. travelling on
their way 10 their national convention
at Seattle. William A Law, president
OF tke American Bankers association
and head OF the First National bank
Of Philadelphia, said some interesting
things concerning business revival
throughout the country. Among other
things he said:
Americas greatest era of prosper
ity is about TO dawn The important
problem OF the banks today is to find
an outlet for the surplus OF money
that gluts their vaults Business re-
Vtval VIII be slow. But it's magnitude
will be without parallel in our history.
American bankers realize fully the
great possibilities OF the immediate
future.
The United States now has the
greatest bank reserves ever held by
index TO the nation, reports an Unpre-
cedented surplus. This money is seek
ing safe outlet
The rest OF the country has similar
reserves When this money IS distrib-
uted in proper investment the nation
will enjoy prosperity almost unbelieve-
able. But while the bankers face this
optimistic outlook they are careful not
10 lose their conservatism. They will
not encourage speculation. Every
thing must be on the soundest basis
TO lure money into fields of investment.
Banner Crops Help.
THE volume of money on hand is
so great that it is not a simple matter
10 find a normal outlet. At this juno
ture another potent bull factor ap-
pears in the country's banner crops.
The movement of these and the fl
nancial activity they Will set in motor
will still further increase the bank
reserves"
Crawford Fairbanks who has pos
sibly as large and varied investments
as any man in Indiana, has just re-
turned from an extensive autOmOb bile
trip through the central and eastern
states, including most of New Eng
land. He spent much time among
bankers and large manufacturers and
business men investigating conditions
Mr.. Fairbanks says he never heard
50 much hopeful talk among these
people. with many of whom he has
close business and personal relations.
He says ne finds them all either in
push of business, or predicting that
within 90 days the whole country Will
actually be enjoying the most general
prosperity we have had. That they all
believe the problem is not going to be
how we can sell the goods or how we
an find work for the unemployed but
it will be where can we get the men
To do the work and how can we turn
out the goods and keep up with the
demands"
He saws he was also surprised 20 find
almost without exception that the
bankers and largest manufacturers
and business men are swearing by
woodrow Wilson, proclaiming the sue
cess of the banking and currency leg
islation. and declaring IT the best leg
islatiOn for the goods to the country
that was ever enacted.
Stocks Advancing.
Industrial stocks and securities
have been advancing in value most
vvonderfully This is not without
cause OF reason. IT is because they
are producing goods that make large
dividends While we hear that the
railroads are not as prosperous as they
ought 10 be. that Will soon adjust IT.
self II it has not already done so. The
railroads must move crops and must
move manufactured goods 1t is going
10 test their rolling stock to handle
the business and they are getting
ready for IL. Most OF the talk we hear
10 the contrary is from sources where
political ambitions of the party out of
power govern largely the expression OF
opinion. The facts do not sustain any
,,essirnistic talk The prosperity of
this country is going 10 be beyond
question. and il is going 20 be or the
continuing and substantial sort.
woodrow Wilson will go down. in
history. without waiting a thousand
wears. as one OF the greatest men this
country ever produced. and loved and
respected by all the people no matter
of what political party