Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1920-05-01
COUNTRY FACING OTHER CON.
OPTIONS FAR MORE MENAc.
ING THAN FINANCES.
GEORGE o. ROBERTS
REVIEWS SITUATION
Farm Lcans Being Taken Care OF
and Bank Deposits Keeping Pace
With LoaneRaiiroad Conditions
eloekins Movement Of Live ssoek
--Waoss Add TO Complications
spscial to Times Republican.


Des Moines, May 1.-BanlSing con-
ditions in the middle west are dis
GUESSED briefly by George d. Roberts,
OF tho National City Bank Of New
, York, along with various other fac
tors entering into the general busi-
ness situat ton as he finds 1t and as
set forth In his monthly review for
May /. He reprints a letter received
from Q banker in . country town in
Illinois, in which the banker says
I'VE find that almost all of the
banks are having IN unusual de-
mand for money. Altho deposits are
more than at this time last year, the
total loans are more in proportion
This has been caused partly by
ehs very active movement In farm
Hand and, In consequence, a large
amount Of money loaned on farms IN
connection with these sales.
''Quite q large amount Of these
loans are still in the hands OF the
original loaners, as they have diff
nculty In selling them to permanent
investors. This 10 due to the fact
that quite o large amount of money
has been invested in liberty loan
bonds and other bonds, which, owing
10 the rate OF interest and exemption
erom local taxes. will net better re-
burn to the investor.
.At present the railroad situation
he's checked the movement OF live
toclk and other farm products. When
khis 10 righted and the railroads are
hbls TO receive shipments freely,
there will be quite q movement of
live stock. There is not a very
large surplus Of grain in the farm
err hands, and owing to recent rains
II viii b difficult to deliver the
Grain and soon farmers will be more
busy with farm work.
Retail merchants a. rule are
having . good business and colec-
lions arc fairly good.
while there are not quite as many
farmers feeding cattle and hogs,
some Of our customers have a larger
number than usual.
i, we foel that tho situation will
impeove gradually but do not look
Ier uuoA change In tho next thirty
days."
Business b Sound.
The report states that trade Con-
dit1ons are generally sound and de-
ciares rnsrs are problems and periis
he. serious even than those in
red In . business reaction.
a ~ H.
ward the present industrial organi-
sation. the prevailing unrest in In
dustry. the shortage of capital for
making needed improvements in in
dustry and transportation, the de-
tachment OF wages and prices from
the gold standard and the growing
confusion resulting therefrom are all
matters to give serious concern.
''rhe modern industrial organiza-
must be % In order to supply the
wants Of the present population at
the present standard Of living. The
fact II that the necessary organf8a-
ton IL so complicated that few peo-
pie comprehend It or understand the
economic laws which govern 1t.
Hence there 10 endless interference
with its normal workings to the In
jury Of all.
IAN application Of the fundamental
principles upon which society has
made all its progress in the past,
practicins industry and thrift, would
rapidly improve conditions. There is
nothing in the financial or Indus
trial situation which would not be
quickly remedied by increased pro-
d6ction but society will not make a
success Of trying to divide more than
It produces or gain anything by
breaking down the Industrial organt-
CATION"
He declares. after discussing the
raise in wages to meet the increased
costs Of living. that leach new de-
velopment imposes further burd ems
somewhere and stimulates further
demands. There is little recognition
that these troubles have their root
IN the loss Of capital caused by the
wa resulting in low production as
compared with the wants of the
population and that remedy must
hA anr1tAd berAS