The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1919-04-18
Business and Finances
By w. S. Cousins. Editor American Benker

sidering that these certificates must
fifth war loan, that the monthly rate
of government expenditure is still in
excess of billion and half dollars.
that the federal reserve act of 1919
will produce about six billion dollars,
and that America still has consider
ably over a million men in France,
it is apparent that our financial prob.
Tins in connection with the war will
not have been solved by five or six
billion dollar bond issue-unless. of
course, the banks are called up to
complete the job. and this will be a
decided disadvantage to business gen
orally throughout the country.
There is a mistaken popular notion
that the fifth war loan will mean the
pledging of five or six billion dollars
in new money" for the government,
and thus establishing a new credit
for the treasury in that amount. The
Victory war loan will do nothing
more than pay up the past liabilities
of the treasury to the banks, and en-
able it to start once more with clean
slate. Should the loan be fully sub
scribed by depositors of the CONNER
cia1 banks, the process would be- one
of bookkeeping only, the charges be-
ing transferred from the account of
the government to those of the de-
positors, who would receive as their
compensation the governments
promise to pay" at future date with
interest. No new money or credit
| will be created by the transaction, but
| the banks will be placed in a better
position to take care of the CONNER
cial needs of the country Recogni-
ton of these facts should not dampen
the ardor of intending subscribers to
the loan, but should inspire realiza-
ton that in taking heavily of the new
loan they will be creating more
healthy condition for general business
in the country in general, and in their
ow community in particular
1t is geerally recognized that dur
ing the past three months business. es-
pecially along the line of expansion,
has been slack. and the demand for
commercial accommodation has been
extremely limited This has favored
the accumulation of a considerable
quantity of free funds which should
be used in taking up the Governments
II.
corporations offering of $500, 100000
in per cent bonds proves conclusive
ly that the public is ready for what
is considered an attractive investment
and in every sense it may be consid-
cred that thee country is ready 20
boost the loan to a successful con-
summation.
Building Problems
One of the greatest after-war rob-
lens of New York and other large
centers of population is that of home
building, and the finding of living ac-
commodations for the thousands of
families which are f1ocking to these
centers, ore are re-establishing their
homes after the interruption caused
by the war In all these centers gov
eminent, banking, manufacturing and
distributing interests are merging
their influences to bring about a
much-needed revival of building con-
ing material price commodities has re-
suited in working downward the price
of cement and steel, and similar action
in other directions is expected to put
the building construction cost factor
within the reach of the investor.
1t is also proposed to establish a
national home loan bank to be OPP
: Grated under the existing banking
laws and as part of the federal re-
: serve banking system through which
greatly improved facilities might be
provided for the removal of restrictive
features of the present building loan
system, not only for the present
emergency but to place building
financing on a definite basis. such as
, is provided by other forms of CONNER
: cial banking
Mr.. and Mrs. w. R. Wilkerson and
I children Of Boise visited Caldwell