The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-10-20
Wonderful Crop, Industrial Revival Becoming General In
creased Cor Loadngs, Augmented Buying Decrease in
Business Failures All Indicate Better Times Here.

bnula of lbls country wore mover iu
better shape ip assist lu tho onward
movement of tr1Jr.
tu iuls 'Hui loo. through process.
mover lurc tieht OF tho tu.f thut
There w1H beacon. 1u uu. uur 20
vIutpnpI that vlfbsipUI thIH uru"II.
ing tcst--tho federal reserve bank.
ink uratru. WhufDlor iia detects
may ho and they should hc romeo
d.oi lf such There urn.fha system
has proven, ao great. au H'ruug. thnf
itH u#ofIlurss speaks for itself
Tho bankers part lu affairs
while pivotal, is not of fngrogntri
importance. Every ono must cone
tr.bufo GO the upward tIrud. sU, my
subject. "rhe Banker Part iu the
Development business viii con.
H'ruo 60 moan the composite uf nIi
effort from which bbttotmout might
arise.
Future T,noks Good.
times are brucr ana viii con
iiuuc Zoo Improve in proportion to
our oxoralsc uf enlightened business
mon Natural conditions upon
vhirh ju build prosperity uru uu.
qu,HIuuibly sound. H,New th,a.
prominent factors. A wonderful
crop. industrial revival becoming
general. Increased ear luidluEs.
augmented buying, dc,fcua" 900 buai
ness failures: sound monetary basis.
cNpnu ion on VomW'rulDl loans. I'M
creased debts To- individual accounts,
and best ~ ALL a confident atti-
tudo on the part OF the u0pullso.
We should not over.oatlWutr tho
favorable signs. however. buyers arc
atm showing caution. ana the vast
/ D . .H.H.
ing than industriHk catching up with
"A long uDsd, ana not necessarily In
d!catug commercial expansion R"-
ported labor shortage In some quar-
tors IN not n reason fur optimism.
while labor n well employed any
shortage is perhaps moro o lack ot
equal distribution. with the iet-ur
in seasonal uut-or-d doors work. this
condition is being mitigated.
There have been some dctclrinR oh
staulcg ia strikes but the way Il
clear to a measured return 80 exec!
lent conditions II our own sense OF
proportions and tho experiences Of
the depression stuy with Us.
Anything Ike a boom viii carry
with II consequent reaction, There
ls real danger In over confidence.
AA long ~ business IL confined 60
merchandising and not speculation,
the course upward IL unohatruCted,
However. encouraged by legislative
measures. there already appears a
| tendency To initiation. sharp changes
viii surely defer permanent Inn
| prove ment,
Prices always are In fluctuRtion
but pronounced rises oven tend [,
give substance 10 the fear OF "a period
| of secondary initiation, Hardware
/ NrAnI.na s.h.ttNII#.Ia nd %.
| other legialatively affected artlcloi
are experiencing changes. The tar
| iff may or may not ne beneficial
that remains to he seen on
thing Ia patent. and that IL rs i'm
portance is too vital TO business II
general to he political football. |
the new schedule brings forth shati
| price Increases, encouraging genera
| initiation. It's final effect viii b,
| questionable. The tariff has To d,
| primarily almost entirely, with bust
ness Its only political Significance
! has been arti.iclally acquired, Ism
this logical point TO enlist th'
| counsel aud advice OF the seasoned
| minds of commerce, dlyurciug II en-
| tirCly from capacities tor lnflucnCint
/ votes?
Railroads Key 10 Progress.
The railroads, too, arc dependent
| upon business sagacity Tor then
| complete rehabilitation, A sympu
! thetiC regard OF their needs ana theil
value az developers of the nation
| veal is necessary to aid them II
| functioning properly. Tho history u
| eur carriers IN the history OF on
| progress; no expansion can or vii
! Tar exceed our transportation iaciii
! ties.
one seventh Of the country's to
tai wealth II in railroads. and fl
| his land Of far-flung interests Their
/ has developed 10 per cent NOR
Fraokage than there is In all Europe
I The roads have passed through
two uncertain periods one In IN
acquisition or governmental regula
tlon through successive experiment
and lator the taxing demand
OF war. Under such duress, Amer
lean railroads hays not enlarged
hut possibly deteriorated. TrBnspOr
tation charges, while high. are no
acCumulating proportlonate profits
duo 10 operating conditions, al
though the roads are getting bacl
Ia fair profit basis, which Is IN
legitimate expectancy OF every com
merclal enterprise. This Is rcstorin
the attraCtiyeuess TO railroad seCuri
tics. and II In only with added capi
tai that tho long deferred improve
ments are possible.
Tho railroads OF this country un
der the varying yicisgitudes OF IA
last 10 years, are absolutely made
Quate the demands ~ America
business II best. with returnln
prosperity, trouspurtational ConEcs
ton ia unavoidable II no
already upon us. The road
must fcol the interest of busl
ness In their growth and share IN
orcasingly tho confidence OF the pub
'ic. Under such cucourngpmcnt. tn
present improved conditions as re