The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1921-05-20
SEE BETTER TIMES
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of the fact that everyone is beginning
to sense the need of getting down to
real work"
Many Idle Factories.
"I saw many idle factories and in
dustriai plants when came out here"
said Jerome Thralls, secretary-treas-
urer of the Discount corporation, New
York City, but I didn't see a field in
That's the key to the whole thing
work. And the farmer is setting the
best example. In consequence you in
the agricultural districts have held
your own very we'll"
Thralls asserted that the nation
might as well throw its surplus food
supplies in the sea as to seek to hoard
them. The question of credits. he in
dicated. was a secondary matter.
An Economic Question.
'It is an economic question" he
asserted. "One-half of the world can
not go hungry while the other half is
well fed"
And it was around this theory that
the convention speakers split on their
views and policies. Lafayette Young,
publisher of the Des Moines Capital,
frankly told the bankers that the
United States was not looking for in
Vestments or speculations.
My theory for prosperity in the
United States" he said, sis for every
one to quit chewing the rag and go to
work. The gospel that will save the
country is for every man to do his
best, stay by his work, have a good
home, save his money, bless God and
die"
To the Young theory John S. Drum,
of San Francisco, president of the
American Bankers association, did
not subscribe at all. He wants a for
eign trade finance corporation to in
vest in over seas securities. Thus
! thru funds invested by America, for
eign nations may purchase in the
markets of this country and secure a
credit adequate, for at least their
present demands and needs.
w. p. G. Harding To Speak.
Interest in todays convention CEN
tered in the visit to Topeka of W. T.
C. Harding of Washington, governor
of the federal reserve board. Cover
nor Hardings attitude regarding the
nations financial condition and
credits for the middle western states
was anxiousiy awaited by the bankers
His statement before the convention
this afternoon regarding the federal
reserve system and its attitude
toward Kansas securities was the
most important bit of information to
come before the convention
This morning Governor Harding
tives of the livestock interests. The
federal reserve board head consented
to the conference several days ago.
1t concerns credits and securities as
well as the general market problems
confronting the feeders and shippers.
Discussed Mp. Il. Financing.
"Nonpartisan League Financing"
was discussed before the bankers this
morning by W. e., McFadden, of
Fargo, n. D.. secretary of the North
Dakota Bankers association, Some
league in North Dakota were revealed
to the Kansas bankers in the McF'a
den speech, exposing methods or the
Townley organization in raising funds
for their campaigns and organization
work.
Guiding the Ship" was the subject
of a talk during the morning session
| by c. @ Chandler of Wichita, chair
man of the board of directors of the
First National bank of Wichita Some
of the troubles which encounter the
| banker in guiding the ship thru fl
| nancial storms were related by the
| Wichita banker.
1 Building and Loan Sections Meet.
Members of the building and loan
section of the Bankers association
| held final sessions today. Trust COM
pany Representatives discussed their
problems at a meeting III Offices OIL tllS
| Central Trust company Thursday eve
ming. A banquet was served for trust
| company representatives. Building
and loan association members also
| banqueted Thursday night.
! Harvey P. New of Lebanon, Ind,
was the principal speaker at today
building and loan meeting. He dis
cussed the rural loan law of Indiana.
! Other speakers at today's sessions In
cIuded: ]. F. Knoblauch, Wichita; w.
1 L. Bowersock. Great Bend; William
Heyner, Tonganoxie;; L. H. Rose.
Rosedale; and P. H. Forbes, Topeka.
| At noon today the bankers, building
and loan and trust company repre-
sentatives were filmed. The movie of
| the bankers was taken during their
session in representative hall and as
they were leaving the state house.
To Close Convention Today.
Sessions of the convention close to-
day with the election of officers. F. J.
Atwood. president of the First Ma
| tional bank of Concordia, will be made
president by reclamation. He is the
! present vice president of the associa-
| ton.
Wichita draws the next convention.
date will he dota lat