Arizona republican., 1921-06-20
MONDAY MORNING. JUNE 20, 1921.
1he pleasure of criticism tokes from ats tkdt of being naoved by very beaatitul things.
 Bruyere.
The country's All Right

It was Bacon who observed Travel rnaketh man broad" It was travel which made of opti- mist of Hon. Win C. Barnes. former Arizonian but for several years connected with the department of agriculture at Washington. MT. Barnes lately turned to the national capital from tour of the country which took him through Fl Paso. Phoenix Los Angeles, Salt Lake and Denver, in the of which he attended two great meetings of stockmen
 The observations of MT Barnes arc set out in recent Issue of the Breeders Gazette. Mir Barnes left washington with impression that nothing seriously wrong with the country and could be seriously wrong. He remembered what James ]. Hill aonec said. thst any who tries to bear the Limited States will 90 broke" Yet he had heard much about hard times and the drift the country ] toward the rocks that he made inquiry concerning Ithis tendency wherever he went
 Z His acquaintance throughout the west. especially among stockmen h most extenaive He talked with them and when the conversation was in private he found them generally hopeful; they not in bad way at a1l things had not turned out just they had wished. but they had always pulled out of every hole into which they had fallen and that they were roins to do again
 z It was curious thing though, that when these same men consregated in large numbers each tried ssto outdo the rest in uluation. .Everybody busted; The banks were all the hands of bunch of shylocks he Federa Reservs system was. utterly '6bvious Of the needs the stockmen and farmers. and every last man interested the live stock busi ness of the west was either broke ruined or ready tor the bankIuptcy courts, There ,aid MT Barnes who really serious financial condition but the attitude most Of them he found
 10 bs to psychological condition rather than to existing fact Concerning the financial sItuaton:
 Are all the banks in the west about to 70 underg ssked banker In. the northwest. after
 listening to one statement in Salt Lake to that effect By no meansv he replied Have you heard of any unusual number Of bank failures lately! soua ns 95y ea X. rsnesssd two
 little bnks in Idaho and couple in Arizona; all four failures due to poor management North Dakota wedo not count for those people over there are not bankers. They financial acrobats- Do you know, he continued "hat Of these crippled stocnen in this section should for damages lot of banks up this way bringing their downfall through
 furnishing them money for all sorts of fooishness
 without a word of caution as to the future? It's
 almost ci'ime,'' he went on the way some banks
 have virtually forced onto certain class Of
 stockmen dyer the west. What western sheepmen
 and cattle owners most get the industry onto
 stable basis is not easy money many are
 claiming. but rather hard money that cannot be
 eoaxed of the bankers vaults excepting for neces-
 ry businsss plans and not for speculation Western
 farmers and stockmen work hard to secure loans but
 their credited with the amounts
 ey proceed promptly to forget all about their loans
 until they fall due, when they generally ask for ex
 tensions. What they most need is law to make loans harder to get not easier"
 Generally, banks throughout the west had been liberal than they ought to have been for the ' good of those to whom they advanced money but they had returned to sound banking principles They were still taking of their old customers but
 they loanins money speculation. enable !, rheir better market If they speculate futures" said banker. they must dig the money from other sources than fh banks" Nor were the banks advancing money fol I expensive autos. oil drilling machinery extravagan Z. homes or frills of any kind N But everywhere there were foresishted men wh < had observed the approach of dawn which they be ( leved was to usher in day of great natons ' pfosperity.