The Birmingham age-herald., 1916-08-15
Nearly Three Billion Bushels of Corn Expected to
 Be Produced
MANY BANKS CARRY
 $10O,OOO,OOO DEPOSITS
Stable Government in San Domingo to Offer Fine Field for h. vestment of American
 Capital
By HOLLAND

1877, Samuel J. Tilden returned from {
 summers excursion to Europe That vis to Europe was planned within a few day!
 after the electoral commission decided
 that Rutherford B. Hayes had received
 one majority for president in the electora
 college over Governor Tilden An infor
 mai and spontaneously organized demon
 stration of welcome was made on tho
 night of his return, great throng gath
 erlng in front of Governor Tildens city
 home at Gramercy park, New York city
 The presumption was that he would say
 something in response to words of vel
 come which would have bearing upor
 the political situation. To the surprise
 of all, Governor Tilden did not allude
 to politics. The central thought of his address was our harvests of Indian corn
 why they should be increa sed, how we could greatly enlarge our exports of corr products and what this would mean not only to the farmers. but to the railroads of the United States. Years later, it was realized.
 Governor Tilden said that he learned with astonishment that some of the Euro pean people did not know the value of cornmeal properly cooked as a fcod And he intimated that if some American cooks were to go to the continent of Europe and to Ireland and teach the people how to make cornbread and other eornmeal prod ucts, a great service would be rendered to the United States.
 At the time Governor Tilden spoke, corn was already the most important of Amer ican grain harvests in money value, but much of it was used in feeding cattle, so that exports of beef cattle and carcasses and other meats indirectly reflected the American corn harvest. Now, in view of the partial failure of the wheat harvests there is careful study of the condition Of corn throughout the United States and ln- forma ton received today in New fork is gratifying because 1t shows that while there Is not to be a bumper crop Of corn. it is to be a large one, and may amount ot 2,SO0, ,0000 900 bushels. One piece of infro- nation received from the northwest was very gratifying. It was from a high au- thoritv at Minenapolis, who wrote to his correspondents in this city that while there will not be more than one-half as large a harvest of wheat as was garnered a year ago and perhaps less than one-haH on the other hand corn promises very we'll
 This information reminded some of the exnerts of conditions which prevailed In inc northwest last year. Then there was a bumper crop of wheat, but owing to climatic conditions considerable snort age in the corn crop was reported. NOW the conditions are reversed. II IS wheat which has suffered and Indian corn which promises very well.
 LAST YEARS SURPLUS
 Further information received here today ;s gratifying because it makes 1t clear that the 1000 COOL bushel wheat crop or Ia st wear provided a surplus of which avail can be made this year. There IS very large amount of old wheat now com ing to the market and at the hlghest price level. This old wheat will onset the IT, jury to the new crop and is already put ting great deal or money ililo 'iio "N of the farmers.
 Some of the great industrial corpora tions have so managed their affairs as 10 build up in years of plenty handsome sur pluses upon which they may draw when the years are lean. In this respect the wheat farmers of the country, and especi- ally of the northwest, resemble the m dustrial arrangements, since sthe surplus built up last year is now available 10 make good the shortage of this year.
 THE GREAT DEPOSITS
 few weeks ago list was published of 29 banks in the United States which were carrying deposits in excess Of $loo,- GOO. 900 each. It was said today by excel lent cellent that should list be published in the fall it would show considerable increase in deposits and would be long, CT list than the one published few weeks ago. New accounts are being open ed with the banks of New York and other cities by those who deposit phenonl- enally large amounts of money to open the account. It is not infrequent that new accounts are opened with deposits
 fIny fhnt Is deposited Much of this money repre- sents payments which have been re- ceived by American industries on account of purchases of munitions of war. The reasons are excellent for presuming that purchases of this kind will be made the remainder of this year and large payments are to be made also in the fall and early winter on account of ordered few months ago; which will have been finished and ex- ported during the fall months.
 CUBA AND SAN DOMINGO
 A few days ago authoritative reports were received from Cuba telling of such prosperity, accompanied with orderly gov ernment and efficient administration. as Cuba had never in the past known. e, In the financial district, the belief now pre- vails that within year or two a like statement will be made respecting San Domingo, except, of course, that as the republic is smaller than Cuba it's output cannot be as great Now that the Unit ed States has established and will main tain orderly government in San Do- mingo, it is expected that there will speedily follow large investments of American capital there. Already an American corporation is undertaking the development of the deywood and tanning industries, the products speedily to be ex- ported from San Domingo to the United States Transportation may be furnished within year or two which will make it possible to develop the very rich copper mines in the interior of San Domingo. American capital also will be invested in the sugar industry. So far as commerce with the United States concerned, San