The Birmingham age-herald., 1919-06-22
NO LONGER sTAGNATIoN

For several years farm land business. especially in the northwest, stagnated. There did not come many appeals to the banks for aid in purchasing lands nor were Boston and New York called upon to lend money upon mortgages, so that titles to uncuftvated land could be se- I cured Very likely aid of this kind will not now be sought because it is the im- precision that farmers. in majority of cases, have money of their own with which to invest in these lands. Throughout the northwest there are still vast areas of land whose soil is fertile and which offer excellent opportunities for profitable cultivation These lands are now held at reasonable figures so that the chances are excellent that within the next year or two much of them will be secured by farmers for the purpose of cultivation. This is another evidence of the progressive and yet almost unnoticed development of readjustment. Various kinds of readjustment activities are now under way throughout the entire country, and the full strength and value of them are not likely to be realized by all the people until readjustment is complete
 There are, however, real estate and building promotions under way in the northwest which in the aggregate give evidence of great activity and confidence, as we'll in continued and increased pros- perity For instance, the federal reserve bank of Minneapolis purposes buying an available and convenient site in Minne- apolis upon which there will stand, With in two or three years, one of the finest and appropriately designed bank buildings in the United States. This enterprise Of itself is sufficient evidence of the impor- tance to the whole country of the relation of the relation of the Ninth Federal Re serve district to the general federal re- serve bank system. It indicates assur- ance of great growth in that new ana Iaof a United States
 This. however is not the only under taking of that kind now under way in the northwest. The Northwestern National hank and Minnesota Loan and Trust com pany are to build a structure worthy, hotb architecturally and in it's intension details. of this important institution; that of itself tells a story of industrial and financial growth of the northwest Furthermore the Minneapolis Chamber or Commerce is not dismayed at the cost or erecting new building which IS to be ifs home although that cost is put at million dollars. Notwithstanding the high cost of construction, these important building operations are well under way, and they will of themselves symbohze the growth and promise of the future or the northwest
 ar the Chamber of Commerce of Mime anolis which are to be exclusively occu- pied in important building construction ne this kind The Armours are greatly to extend, through construction, their plant at South St Paul, and that in point IS corrnleted it is the opinion of this cor poration, that in point of hog tonnage the South St. Paul market will become one of the most important in the country This undertaking is also excellent evi- dence that some of the greater minds Tn our business world are forecasting speedy ana satisfactory readjustment and the corning thereafter of an era of prosperity in the United States surpassing greatly any other year of prosperity we have had.