The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1916-04-18

Naturally spring time sees the de-
mand for money increase for people
build, remodel and do lots of things
that cost money and the time for the
big demand is now at hand for 1915.
Business is booming all over the coun-
try The demand for money for man
ufacturers is on the increase. This
does not pertain to one line alone but
to all lines and all Of this requires
money to operate
banks of the east to reduce their in
terest rates to other banks? was
pumped at a big eastern banker who
is attending the meeting. He has been
down in the southwest and whether
or not he received a fright from the
Mexican situation is not known but he
surely was gun shy of newspaper men
for he absolutely refused to be quoted,
but when assured if he did not wish it
his name would not be mentioned, he
told the reporter the following facts:
IF there is such a tendency L do
not know of 1t nor have 1 heard of il.
and if such were the case 1 believe I
would, for as you may know our bank
is one of the largest in New Y rk City.
That would be the very last thing the
east would do for the demand for
money is enormous. You must re-
member that we furnish tremendous
amount of money to the south and
west and remembering the fact that
all eastern manufacturers are running
under high pressure you will see that
we require a big amount OF money
daily"
What is your opinion of the fu-
ture?" he was asked.
zone mans guess is as good as an
other on that subject. No man, be-
Iieve, can predict with any degree of
accuracy the future. The wise bank
er of today is simply building his bust
ness so that it may face any condi-
ton which the future may present.
be they good or bad, but 1 really cant
see how we can get away from good
times for some time to come, though
I may be entirely wrong in this guess. "
Money Much in Demand.
What about interests rates in the
near future"
Interest Rates to Go Higher.
Indications are they will strength
en- for crop planting and harvest time
all require big money to handle and
it should not be forgotten that the
money now being put in the ground
will not be taken out till this fall and
| in the meantime we must have money
for the manufacturer every day. That
/ Is a big item that should be considered
and one that will help to stiffen in
terest rates in the near future"
| From the northeastern part of the
state w. F. Orr, president of the State
| bank of Summerfield, brings word
that the demand for money is far
greater than the supply, for like all
the rest of Kansas. business is BOOM
| ing and crop outlook is fine, but they
are making such rapid strides in his
section in the way of new buildings
and improvements that the banks are
| hard pressed to fill the demand.
There is a heavy demand for
money with us and good paper carries
per cent interest. The wheat out
1
and we look for a big crop this year.
Our farmers are in good shape but
are reaching out and expanding and il
takes about all the money we can
scrape together to keep them going
Out in the western part of the state
A. F. Goodwin, cashier of the Citizens
State bank, carried the news to his
friends that wheat is looking fine and
a big crop is anticipated but they are
shy of ready money that carries a 10
per cent rate of interest.
I'VE need more money out our way
and the borrowers willingly pay us
10 per cent interest. It's a big coun-
try we live in and we do things in q
big way and that takes money! he
said.
Following is a partial list of bust
ness scouts, as they are called, and
the banks they represent: Henry P
Turnbull assistant cashier the Han
over National bank, New York city.
They Need More Money.
That banks are clamoring for mon.
ey within 3S miles of Topeka is the
statement of b. E. Wilson, cashier OF
the Union State bank of McLouth
Business with us is good he said
and the crop prospects are bright
but we are handicapped for the wan
of sufficient money in our community
Our bank statement shows that we
have loans and discounts to the
amount of $87,894.03 but our cash
and exchange account shows that We
only have $17,077.95. We could use
a great deal more money out our way
if we could get hold of it for there i.
a big demand for it. Our interes
rate is from seven to eight per cent
The following is list of names o.
business scouts and the various bank:
they represent: Henry P. Turnbull
assistant cashier, The Hanover Ma.
D. w. Jones, V. P. Mississippi Waller
Trust Co, st. Louis, Mo-; E. L. Skaggs
assistant cashier Stock Yards Nationa
, bank, Kansas City, Mo-; H. w. Wilson
assistant cashier Interstate Nationa
i bank, Kansas City, Mo; j. A Green
Yards bank, South st. Joseph, Mo.
. G. G. Moore, cashier, New England
: National bank, Kansas City, Mo; R. S
Britton. assistant cashier, First Ma
5 tional bank, st. Joseph, Mo; e. P
!, Davis, assistant cashier, South Yves
) National Bank of Commerce, Kansa
, City, Mo-; A. c. Cutler National Banl
of Commerce, New York city; Merit
Jeffries, assistant cashier. Nationa
. Reserve bank, Kansas City, Mo-; L
: E. Bleckley, assistant cashier FourtI
National bank, Wichita; c. N. Pruty
cashier Exchange State bank, Kansa
City, Mo; George Young. cashier
= Drovers National bank, Kansas City
' Mo; P. W. Goebel, president, Com
: mercial National bank, Kansas City
: Mo-; o. w. Sheppard, president, PEG
! Piles National bank, Kansas City, Mo.
? J. G. English, assistant cashier
y Traders National bank, Kansas City