The Washington times., 1922-10-03
Today,
Welcome, Bankers.
lawson's Last Chapter.
Some Wise Insurance.
Creek Scapegoat Wanted
BY ARTHUR BRISBAN
Copyright. 1s22)

Bankers of America. nearly ten
thousand, are gathered in New
York TO talk. What interests
them interests everybody, for
banks are barometers of business
and prosperity. Bankers read
with interest the day they ar
rived that New York had raised
its. real estate assessments above
ten billions and a half. What a
ransom that city could pay
and WOULD pay if a flock Of
Asiatic TNT-carrying flying
machines released from appar-
emily peaceful merchantmen
should demand it. It's a pros
porous city and growing.
Lewis L. Clarke, one Of the
youngest big bankers, eating
his lunch and reading an adver-
tisement of the Chemical Bank,
held the advertisement, saying,
"That again confirms J. Pier
pont Morgans statement that it
doesn't pay to sell the United
States. short"
The advertisement showed
that in 1888 a piece of land was
sold in the then upper distant part
of New York city for S9,3S8.0S.
That sum was deposited in the
Chemical Bank. That happens
to be the piece of land on which
the bankers in the Commodore
Hotel are now holding their
convention. 1t is now assessed
by the city for $9,5O0,OO0, just
. little more than one thousand
times what it sold for in 1888,
eighty-nine years ago. If you
want your grandchildren to be
rich, buy real estate wisely in
New York, Washington, Los
Angeles, Chicago, Detroit, San
Francisco, Seattle, Syracuse. At.
lanta, Rochester-and first
class growing American cities.
The banking business is a big
one, and without banking, liberal
credit, based on good judgment,
business would be stagnant.
There are 30,499 banks in the
country-8,917 national banks,
the others State banks or private
banks.
Among them the banks have
resources close to fifty billion
dollars. That is five times
what Europe owes us-so we
are solvent, anyhow.
Another, perhaps the last,
chapter in frenzied finance has
been written, Thomas w. Law
son, once the gadfly of Wall
Street, selling his home that cost
millions, to satisfy his creditors.
If you fight the "big men,"
and wait long enough, they will
"get" you, it is said. They seem
TO have got Lawson, but he did
good work making the people
think, whatever his steck-selling
side issues may have been. And
whether they got" him or not
doesn't matter. Life is short.
Mr.. Carry, new president Of
the Pullman Sleeping Car Com
pany, arranges life insurance
for $4,000 men and women, en-
ployed by his company, without
cost to the workers. That COM
bines real progress and common
sense. If more big industrialists
devoted to the happiness Of their
employees one half the attention
they devote to the happiness Of
stockholders, business would be
better, and strike troubles
fewer in the United States.
A good sheep farmer thinks
about the welfare of his sheep,
not merely about the wool and
mutton he can get. An intelli-
gent employer should think of
the health, happiness, and con-
tentment of his employees.
The Greeks, looking for II
scapegoat, say the allies sacri-
ficed Greece.
The fact is that the Greeks
sacrificed themselves when they
let themselves be led by an ash
nine king, throwing aside Veni-
Eelos, a real statesman. The allies
would not have Sacrificed" him,
for he would not have given
them the chance. Now the Greeks
are going to try another king,
apparently. II they do, they will
get some more lessons.
Poincare, of France, tells Eng
land she can have peace now, "if
she really wants it," which looks
like slap at "our dear ally"
One business man said to an
other in a burst of frankness,
"For what I am thinking about
you now you could have me put
IN iRil" -"