Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-03-27
FAVOR LOWER FEDERAL
RESERVE BANK RATES
lany Bankers OF Country Think
That Reduction Would Help
Stimulate business NrliNitN.

ThcTe Us growing feeling IT.
'ankinS aud Industrial circles that
tho rcdiscoun; rates ~ the Fed
raj RESERVE banks were reduced
here would be- marked iupIgv''uen,
II the business situation
Bankers ar" not ia any way critt-
izin@ Federal Hcscry. authorities
or maintaining the present schedule
|l"riod Noy,rtii-lcss there arc many
'ho feel that should ratios ao low
rod slightly 1t would lend courage
o manufacturers. merchants ana
thors who hnv, hesitajcd 10 20
head under existing circumstances.
Itnir- Halt Industry.
nova. have acted AK e hrok. ON
industry FOR some months, nnd il b.
low thought that should banking Hr-
nmih"dhtipu he ohi"!rHhi, az more
advantageous figures. production
|night ne enhanced ana cost of man
|ifloture lcss-H.d.
Bankers ar. aware ina, ,h. Nigh
c"iHc"unt rates charged by tn" Fed
ra. icSe'N banks w"r" "a necessity
'HitnH no" lit-t year or NOR" Z" prv-
NOT" IiGui'tti ~ i"tn> ~hich had
Npaudod :" excessive PROPORTIONS.
li n"w emphasized mat loan
''A 't va i ff.II lltN il''''' Hsit tAIffl
'nie certain classes of OBLIGATIONS
til In No hands Of tn. yuripus !-.d-
Tal banks arc rather high IL BIS
nM hr!.gy"I th"i u industry "as
"us through greater credit faci!i-
i's az lover cast. existing obi
iigu3 would h." worked on NOR"
HIihll than nt present
from abroad that Emplaut is
'h7iN'i NE ip"'r money rates. 20"
count raj" on Treasury Dies has
IN reduced capl- d spttoh"s tell
.i.giaui rate t'hich i- now Z. per
'ui Na'ic these r"ppIts thus iar
ltF" iH,E"G official condemnation.
TIPS 20 iliH na'nr" ordinarily ur.
ipth"l i utmost secrecy Val
|>irc'' nnw"Eor. learned come time
'Nr mat where 'n"r" - smoke. th"r"
nr, "hH certain financial author
los are inclined 10 tho opinion that
treat Brl'Hin's bankers may D., Wow
nE ia" situation along TIA" lines
TEE" "h1Er From tn, bIuE loan
r' say nothing 10 really justify amy
sanc'ipn ir central bans rates 81,
ms time Hut they add. from an
Industrial. point Of y.,w ther, IL.
over money rates Il probable re-
nn,r Force, ncnn,ion.
~ I' "Hphhs!z.h that '"soryo bank
dalton amt TO check tho excessive
circulation that WAS r,u,,,ar, in
|upth commodities and ...u-i,t..s
SINCE the tr;tl!EuratEpu ar HIM J..rl
|ratcs. prices FOR conmnhI,i.s Iayc
isuuppG iuyycr In, ..gtn. l,S,,,,.s
tocIovy prc-,vai NsUr.s
The drastic decline Inn, mas ,,L,
Mac. l yoCUrjtics 10 Wei l5,'ouy !
car and a h1ly -
rpEcrs' loans w.r. nha;,, Sl-.1 1Gn
200. WIN the MAST y,-
shr!iik Job such oLIIya,IGr ,.,,,,..
q over 81 JUu Gnn n.G 80 =.
uruoyor a, pr,scu, ia ,hnW, nnnt
|ioJ DAN, ! lit,ln 49,,
turnover vas s;5.ooo rGG ,pj IN ~
io0 drIlS '"" F'''''''-
War unpa- ,rI ao.,,,.,.....l..t
|dfstutnis h.td n, '' i'p"T
|,auks Inns. ufsn d,,l'. ''I i''"'' We
Few uf biz. rrirr,rt g,, 'nS 49,.
|u,rt 'T,.a,.ir, l'.lr w. 20 ,.fi' ,
b. ih. h.rL IA ''.u- h'lh
|luy, r.r.r,f, .,f,' nchi"S
,rfbu-ioii .,nto,., , "l'' tls-
re. rlrir.,,f '.I7' 'INHF-
tor, ..l., li,,,ii,'.n.., pT tN"'' invest
|uy>.'.t,.ru7 "'""' T""i'-'"TH
r,,,,n, ,
ia .H,. ,,'' hume
harl,rs t.,'N 'Nlp.pF''u"nt
rr.s'rv. n1rl Jhii n.y."