Evening star. [volume] (Washington, D.C.) 1854-1972, 1918-03-03
and with some consideration of the flu

ture.
The financial operations for the re-
mainder of the fiscal year calls for bill
hons OF dollars. just how much is still a
question; equipment for railroads, added
wages. assistance TO corporations in
their operations call for more
Ihrift VIII furnish the money, but
much of it will come out of the banks
10 certainty. and with a Az per cent
rate Tor government bonds, as now
seems likely, no small part will come
from the savings banks of the coun-
try. Millions of income. war and ex-
cess profits taxes have to be maid in
June and the needs of the next fiscal
year VIII in all probability assert them
selves before that time.
lime money is scarce commodity
IIsht now, although it is fact that the
resources of the nation have barely
peeh SKINNED Few sacrifices have
peen made, some few have purchased
ponds and war savings stamps until IL
TO the extent of 81, while MANY have
not gone beyond their spare dollars.
Banks the Mainstay.
The banks have been the mainstay
OF the government now, as before. and
IL Is well that the federal reserve sys-
tenn is in full force and working
1t is difficult to look upon the Rus
sian situation with anything but deep
regret as an awful disappointment to
.ne anles and encouragement in like
proportion to the Germanic allies
Looking over the labor situation ;r
respective or strike and continued in.
creased wage demands. there is the
suggestion of shortness for the making
The severity of the winter has sina,
many farmers about all thew could 40
70 keep warm and care for their stocL-
; I nuch corn remains in shock for
iek o, time and help to handle il. The
oiinculties OF the farm-labor situa &C.
are such that the government shn,,,5
Ike some solution before the de-
mands find the market unnren.rad
W farmers IN the neighborhood az
aee this Ion VIII not plant to their acre
- 'nis year Tor the simple reason that
.ney cannot handle the work Of c,,itf'
RS 1dring Tor and harvesting
the government has practice,
hiI1 49, Oh tne passage of the railroad
greatly. but they also reo,,;rs melp
financing. 'equire much
No features Of the situation are in
ha.n unknown, and have proba bly
II would scarcely seem the nor put
aom TO delay their solution for .
must be found ior one
n numerical paper is not being m.s.
enough ,,,sa; 70 give the banks a large
IN the use of the Aldrich'y,
mi asure. which served this conntn1
wen, other securities. which are y.
aonltted to rediscount now. wara not
r by the controller of the .rc-
reney: hfgh-grade bonds and stncL cur.
price, as security for notes wtsh
.ne guaranty of local bankers, ar
ss;anlzatlon in the various cities 70
r nleh- grade bonds could be used fod.r
n Min notes Seered for rediseount AZ =
price considerably below the m.rr.t
S sne maintained at a level below MAJ.
set value at all times. secnred ~,
nanks responsibility. it would rre.tly
crease the rediscounts, and wo,,,I
ho pc serious imitation. NV
ne coilateral loan is USUALLY l;n,;S.
car money is payable soon after caiiinc
but TINS is only repetition Of !.
suseestion that has been adysncsd
oeIore' and is not within listenine Sis-
tance of approval ois-
:. rof the labor problem. the soluttor
is to be found soiouoh
futting two and two together II do..
NOT look much like a time for buii
markers: 1T docs not look like time
Tor expansion anywhere only tn n,.st
tne governments needs. Yet II is
within the possibilities that stocks viii
move to higher levels on specuiafiye
ma nfpula ton.