Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-10-07
CONFIDENCE rs
RESTORED, SAY
u. S. BANKERS
Financiers Declare Money Is
to Be Plentiful, With
Lower Interest.
LIBERTY BONDS TO RISE

LOS ANGELES, Oct THE ''b1ue
funk" that prevailed in the commercial
world eight or nine months ago is now
a thing Of the past.
There has been a decided change in the
mental attitude of the Nations leaders
who keep the wheels of business hum
ming
Confidence is being restored rapidly in
every section of the United States.
The armies of unemployment are
gradually being put back to work, and
before long more idle toilers will have
returned to factory and bench.
Money is going to be more plentiful
Interest rates will be lower.
Liberty bonds are going to rise in
value from now on.
BANKERS OPTIMISTIC
AFTER CONVENTION.
The above observations constitute a
consensus of opinion of the $500 bank
ers who have been in attendance at the
forty annual convention of the
American Bankers Association, which
concluded its sessions today.
Francis H. SiSson, vice president of the
Guaranty Trust Company of New York,
and John G. Lonsdale, president of the
National Bank of Commerce in st. Louis,
two of the most widely known of Ameri-
can fnanciers, analysed the trend of
events and the opinion of the conven-
ton -
Mr.. Sisson said:
'The bankers who came to Los Angeles
have better idea than any other group
Of American business men possibly can
have of the actual conditions Of the coun-
during the recent period of depression
They have had to bear the staggering load
Of financing Americas Industry.
"These bankers, during the last four
days, have exchanged ideas and freely
discussed conditions at home. They have
recounted the dawning of a great era of
prosperity.
GENERAL IMPROVEMENT
rs PREDICTED.
There will be easier money, lower in
terest rates, good progress in nquida-
ton, a better movement of goods in
store, the railroad situation will i'm
prove, banking Will be on a sound basis.
bank reserves will increase, loans will
decrease
"In addition to the above forecast It
might be stated that Americas foreign
trade will grow, for foreign opportunities
are becoming Detter every DAY Tor the
American"
Mr.. Lonsdale, president-elect for the
organization, said:
This convention has been a great
factor in Americas business life. In
personal contact with each other and
through their official conferences the
delegates have learned that confidence is
now stronger in every State. The I'M
employment situation is clearing up, the
farmer, manufacturer, mechanic and pro-
fesstonal man soon will see better days.
'In my opinion the one big problem
remaining to be settled is that Of tax
alton. Once this is nghtened, then any
restrictions on industry will be lifted
and we will see old fashioned boom
days"
At the closing session of the conven-
ton today, Professor Donald McFayden
Of the University of Nebraska. and Judge
Charles F. Moore of New York, delivered
addresses. The newly elected officers
were installed
President Hardings unemployment
conference is to have the support of
bankers of the Z. S. it is evident
resolution endorsing the conference
probably will be adopted before the con
vention adiourns and several hundred
bankers are preparing to help put into
effect the recommendations of the con-
ference when they get back home.