The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1921-09-24
Topeka Banker Says Kansas Is
in Good Financial Condition.
Farmers Have Raised Immense
Crops During Last Year.
BETTER Than TWO YEARS AGO
Agriculturists Are Over Period
of Insanity, Says Burrow.
Are Right on Job Now and
Working Hard.

Kansas is better off today financially
than two years ago. in the opinion of j.
R. Burrow, of Topeka, former secre-
tary of state, and owner of numerous
Kansas banks.
Those who watched the big slump
in orders a year ago, coupled with a
talk of a buyers strike, may not take
this statement without some degree of
mental reservation, but it's true in
Kansas without a doubt" Burrow de-
clared. I'm this assertion I am cor
roborated by others, not necessarily
bankers, altho am inclined to be-
lieve that as a class we are able to
get in closer touch with the business
pulse of the state than any others"
Immense Crops This Year.
1.-THE farmers have raised immense
state will remove the last shadow Of a
doubt as to my statement that crops
are excellent. All over Kansas wheat
has been unusually good. In fact we
have the fourth largest wheat crop in
the states history. Nothing except an
absolutely unheard of and wholly i'm
probable calamity can keep the farm
ers from husking a record crop or
corn. Save a small area in Dickinson
and surrounding counties, 1t never ap-
ton. Altho the first cutting OF alfalfa
generally was ruined by wet and cold
weather and cut worms, the succeeding
crops have been large enough to make
up for the loss of the first.
Eyes, 1921 has been mighty gener-
Gus with the farmers.
But probably the main factor in
causing the statement that Kansas is
better off financially than 1t was two
years ago, is that the farmers are
over their period of insanity. m aware
that the use Of the word insanity may
jar many, but it's the only word to use
that describes the actual state OF mind
of the farmers when they saw their
1920 crop values go glimmering. Now
they have watched every other line OF
business suffer as much or more than
they did and they feel better.
Are Working Hard Now.
"They are right down on the job
now, saner, and working harder than
ever. But it's going to take more
crops to induce them to buy extrava-
gantly. Purchases are going to be
made more carefully than they have
been for several years.
beyond the question OF a doubt.
the farmers are rapidly liquidating
their debts to the banks. In fact many
banks in the western part of the state
are sending their money east for rein
! vestment They have more than they
actually need in their current business.
1T is realized that the banker is
blamed by a lot of business interests
for the arbitrary stand he took last
fall in refusing to lend money to fl
nance certain well known industries.
He simply had to take this stand or
the country would have literally gone
to the dogs. Furthermore, too much
credit can not be given to the federal
reserve banks. Had it not been for
these institutions we would have had
l.
panics. We never had anything in
years gone by compared to what we
would have had If it had not been for
the federal reserve banks.
Kansas is in an extremely healthy
condition. Her banks are in a healthy
condition, too. Kansas, within two
years, will be in much better financial
condition than she ever was"