South Bend news-times. (South Bend, Ind.) 1913-1938, 1918-12-22

Trust < Savings Co. gives The
News-Times the following interview
on the subject: Optimistic and also
conservative views have been eN-
pressed by various authorities, the
color of their specific opinions de-
pending largely upon the particular
line Of business they are in. But
in practically all cases the prophe-
cies are judiciOusly tempered with
the cautious tone--a sort Of implied
if
ION one point. however. all views
are agreed, for on that point there
is no room for namely,
that 1919 will be a year Of recon
struction and readiustment through
out the nation. With this thought
plain. it is also clear that the vari-
Gus changes expected will involve
problems as we'll as opportunities
Will the New Year. then be chiefly
characterized by a moderation o.
commercial activities, or by addi-
tiOnal prosperity
Look to This Country
There is evidence i'm support OF
both sides to this question For
example. on the side of optimism.
which holds that the New Year will
be mainly one Of opportunity, the
following general facts can be put
forward:
First some hundreds OF millions
France. Belgium. Italy and also
some of the nations with which we
have been at war. are looking TO this
country for food and supplies.
Second, manufacturing plants
iron and steel industries. coal fields
Of northern France and of Belgium
are in such state as 10 make It
difficult for them TO resume early
production. The plants ruined must
be rebuilt; factories dismantled must
be re-equipped; new machinery and
transportation facilities must be in
stalled at the mines, and the deteri-
Grated machinery in war-idle plants
must be replaced. A large part
many authorities claim the largest
part-Of this great mass of new
equipment. must be supplied by the
United States. These needs of Eu-
rope will naturally snfuence the in
dustrial conditions in America
More Government Bonds.
There is another phase 10 be kept
in mind as regards the coming u
months. and that is there will be at
least two more issues Of government
bonds. From some quarters advices
state that the fifth loan will call
upon Americans TO subscribe for ap-
proximately $4,000, 100000 worth OF
bonds.
For the present I would say that
the situation resolves itself into
proposition that those who wish TO
make the most Of the opportunities
during the New Year: in fact. who
want 10 make sure of being able 20
handle any problems or conditions
which the reconstruction period is
bringing. should establish sound
banking connections 49, i'm other
words. reinforce their financial re-
sources in anticipation OF 1919 de-
velopments"
Il is OF interest to note that the
bank with which Mr.. Mcintosh is
connected, subscribed for over ST.
100000 OF Liberty bonds. War Saw
ing stamps. war certificates AM
certificates OF indebtedness tn
Mishawaka Trust Co. is continuing
20 devote a large share Of its facil-
titles and services TO cooperating
with ;he government. and in its new
building has exceptional equipmen.
and attractive quarters for handling
financial transactions Of all kinds
and in any volume.
Your Xmas dinner viii not D.
complete unless You serve ARROW.
the renowned cereal beverage. Order
n 49, ~ nnn.. Dhnnn l. nlInnn a