Perth Amboy evening news., 1922-10-16
THE N PUBLICATIONS
TOLD OF BY HASkIN
Daily Letter by Frederic }. Haskin

trial conditions, clothes and shoes,
building operations, the agricultural
situation, the foreign demand Ter
American products, corn and i've
stock, the cotton crop, trade condi-
tions, the shortage of unskilled Ia
boz. immigration and its effeets
upon the farming population, pronts
OF industry, foreign competition,
money and banking, condition OF the
6ond market, imitation of the cur.
rency, prices, wages and the cost Oh
living, scarcity of currency in Ger
many, the Federal Reserve system,
labor banks, personal incomes, the
new tariff.
Farmer Works Night and Day
The publication is by no meahs
devoid of human interest. On the
contrary it is full of it. 1t tells such
stories as hat of the Russian farm
er in North Dakota who, single
handed, cultivated 400 acres or iaEo
il. the harvesting season working
all night on moonlight nights as
well as all day. 1t tells Of the west
ern farmer who with his two boys
| one twelve and the other fourteen
or fifteen year of age, raised 1,5OO
sheep and cultivated a 500 acre
farm in addition without assistance.
AT the other end of the country
the Mercantile Trust Company CT
san Francisco publishes a monthly
review. Among the articles con-
! tanned in the current issue are those
on Mexico's debt past and present.
water power in California, metal
| mining in Utah, the financial sltua-
ton in Japan, the status of the ore
| gon lumber industry, Hawaiian
| $500 n-l ALa fo rnoinr cit1Iattnn in
Idaho. This issue contains a fac
| smile reproduction of a map Of
| North America published in 1850.
| California is shown IS an island and
Alaska does not appear at all. AL
the time of original publication, its
publishers described the map as
rev and most accurate" The bull
letir. frequently publishes such Curl
| osities of special interest on the Ia
cifk. Coast. .
One of the liveliest and most
readable of the bank bulletins, from
a human interest point of view, is
that published monthly by the
Northwestern National Bank of
Minneapolis. 1t is smaller In size
than either of those named above
hut always brims over with inter-
est. not only to bankers and busi-
ness men but to everyone who is in
terested in the way human beings
live. While it contains serious dis
cussions of business and financial
conditions it does not exclude an oc-
casional story about bank robberles,
nor does it scorn anecdotes. Always
these are connected smoothly with
the point Of the main discussion.
The Guaranty Survey is another
monthly published by the Guaranty
Trust Company of New York. Com
merce Monthly is quite a preten-
tious publication issued by the Ma
tional Bank of Commerce in New
York. Both of these are invariably
serious in tone and prepared in a
style unlikely to captivate the cas-
ual reader.
The Girard Letter, published by
the Girard National Bank, of Phila-
deiphia, is a small pamphlet but in
variably attractive. 1t contains
stories of business which vie in in
teresu with the best published in the
commercial magazines.
Each of the Federal Reserve
Banks publishes a monthly bulletin,
reporting in careful detail the con-
dition of business, industry, trade
and finance in its district. These
are rather heavy publications, that
published by the Federal Reserve
Pank of Cleveland probably being
the only one which occasionally
prints matter of general interest.
Editors Are Unknown
These bank publications are
anonymous. The articles are not
signed and usually no editors name
Is given. The men who make them
get no glory out Of their work ex-
cepting within their W organiza-
lions, but the public gets the bene-
fit of their best efforts.
The list could be continued al
most unfortunately. There are hun
dreds of such publications, most OF
them monthlies, but a few semi
monthlies. Many of them are mere
II small two or four page pamphlets
Of purely local interest.
The purpose of the banks in
spending the large sums of money
which these issues cost is to keeE
their customers and depositors &C
curateiy informed on business con-
ditions. A bank will be prosperous
IL its customers r prosperous
Bank officials realize the value OF
education, especially current educa-
ton, which means reliable and
prompt information about impor-
tant occurrences in the economic
life Of the country. The business