Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-08-02
HILL STREET F|NANC|ERs
keep !. 2 EYE ON RAILROADS
eek Market Enters New Week
ssvatchful of Recent Increased
Rates.
APECT BIG IMPROVEMENT
of Currency Announces
5SHnndreds of Millions of Unused
sCrcdits in Bnnts-No Trouble
Fin Financing Crops.
ny nnoAnAN MALL.

NEW YORK. August 1.-The nnan.
ssft1 world enters the new week with
iAree new developments presented
NHS Its appraisal and digestion. Two
&c constructive ana the other de-
IYructiye, but all are OF extreme i'm
ta5rtance and so far the stock markc:
sSAs not been able TO decide which
.4lll dominate. These two factors
1.-The rate increases.
3Vhe. administration nj Washington
as realized the unwisdom of de-
iEroyinE business with its Charted
assimism and several departments
taYe come out with hopeful state
tents.
1.-THE Bolshcvists have whipped
'ssoland and wan, to impose bitter
Hfrms. which the allies do not seem
the moment able TO prevent
SpeS Were a week ago or IL not are
S}nturing rs expected. The roads
Saght to have a month to get the
Eates ready for application and there
<fjuSt another month of government
Sslarantec. The roads are already
34ssn under government cmtangle-
Rents.
81 Expects u. Il. Improvement.
IA very marked Improvement must
Z,
EHe factor of this will be- the rapid
gearing up of congssted freight and
payment OF freight bills on the mill
kSons of tons of such stun. The
E5eight thus paid for after September
fEst will have been carried at gov
eminent expense and cashed in for
Rhe sole benefit OF the roads. That is
6ae trining inequality that the roads
6fnlly deserve the bencf; OF in view.
Si the many things the government
ms made them purchase that they
kfdn't want. So tho normal develop
eRsents are on the side Of a conStruc-
Eve market.
b The Polish situation is mnqucstion-
Ebly bad because the Bolshcist VIC
Dry has resulted from what seems TO
pave been an unjust attack by the
Esoles. This victory Will 20 n long
Eay toward stabli2ing Bolshevist
Elle in Russia
EThe improvements will probably
ESkc the shane. not OF IN immediate
Eoom in business. but OF q deprcs-
Eon less severe than would have
Eeen seen. The unwise policy of
ElkinE about debating credit but do
Eag nothing to bring II about has
Rrced thousands of business CON
ts' not likely that all of them can
Be saved AT this late date.
Declares Money Plentiful.
The Controller, Of Currency says
Slere are funurcdS OF millions OF un-
ssed credits in the banks. The Gov
F.nor OF the Federal Reserve Board
kfys there VIII be no trouble financ-
Hg the crops That Is no news 10
Ssrsons who understand the Federal
Easerre law.
Now that the government; has de-
Eded 10 do the right thing in flnanc-
|tg Il behoovcs all business men TO
EruGgie 10 make this optimism Of
ective. Big crops Will do no good
Unless they are put in contact with
Eie consumers and IN order 10 do this
j. needed l. is the
Eatriotic duty o.: all good citizens 10
se the railroads. whether for freight
passenger service. only on I'm
Eortapt business. Every individual
llould be forced 70 give a valid rea.
t5n for riding on train so mat the
acks may be LETT free for the sITif;
Eiovemen; OF freight.
The next four months ought 70 soc
4ths history OF America.
1f every body VIII contribute 10 ,his