The Birmingham age-herald., 1923-04-29
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American Bankers AsSoCia- ton Executive Council Thinks Permanent ProS- perity Dependent On
 World Issues

NEW YORK. April 2s.-Americas postwar business baby, painfully aursed through hard times and sick ness by a nation struggling for "normalcy," has definitely reached state of health. happiness and prosperity" according to bankers and publishers of the country.
 The boom has passed the teething stage where over-optimism could Kill 1t, they declared. It is now lusty infant and will grow to sturdy manhood by helping to solve the problems of It's European parents.
 Asserting 1t Is only possible for the United States to achieve permanent prosperity by coming to the rescue of the world, the executive council of the American Bankers association, meeting at Rye, N. Y, reiterated the view taken at the bankers 1922 con- vention that the American govern ment should formulate the principles upon which 1t is willing to join with other nations to establish sound eco homie conditions in Europe"
 The council expressed itself as alarmed" over the "continued un- rest in Europe" and said it has no United States can be soundly prosper ous while large part of the world remains in turmoil"
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 This action was taken after Julius H. Barnes, president of the United States Chamber of Commerce, had painted American business in glow ing colors, but had pointed out the light of the countries across the sea. Meanwhile the American Newspaper Publishers association, In session here, was hearing speakers from many sections describe the hopeful ness of the domestic situation.
 Barnes, while emphasizing the need of interest In foreign affairs. assured the bankers that the present boom in this country is here to stay.
 You hear on every side words of caution" he said. T am surprised at the mon who seem to indicate . belief that next week. or tho week following. tho present business &C., tivity will blow down. I don't mean to throw caution to the winds, but ton total today in America has passed the 1920 peak and that the price index Is 35 per cent lower than 1920. perhaps we are only in normal and regular demonstration of the de- velopment of vast earning and buying power In America, which rests on very secure foundation"
 Publisher. optinistico. 9 Q
 Much the same sentiment VAS dis played at the publishers conference. Victor F. Lawson of the Chicago Daily News said Chicago Is booming along under the impetus of new municipal administration" after eight years of nightmare. The mid dle west metropolis has not yet caught up with her building needs, and is looking forward to banner crop year in neighboring states.
 James M North of the Fort Worth Star-Telegram, affirmed that cattle try are emerging from a most har- up since their sudden drop in 1921, and an open winter and rainy spring has solved the problem of cattle feed ing with little expense.
 F. G. Bell of the Savannah, Ga< News. said the northward migratio( of negroes was leading to healthy state of white farming, with greater diversification of crops in the south. Georgia Is raising peanuts, tobacco and garden products. establishing daily farms and raising cattle and hogs instead of depending simply upon cotton. he asserted. Money Is plentiful and farmers expect "heaping year."
 Ralph E. Stout of the Kansas City star wore the smile of his territory in stating that higher cattle prices and prospects of a good wheat crop were doing wonders for the south west.
 w. J. Pattison of the Scranton Re- publican reported Pennsylvania coal mines to be working full time de- spite the Pennsylvania tonnage tax,