The Birmingham age-herald., 1923-09-26
WAR IS OVER AND PAID FUR, CLAIMS GOTHAM OFFICIAL
Ruhr And Coal Strike Caused Business Curve To WaV-
 CT, Bankers Say
By HARLAN s. MILLER Leased Wire to The Age-HeraI


 ATLANTIC CITY. Sept. 25.-Jubi- lant over the release of the Ruhr re- gfon for participati ton in world busi- ness. bankers in session here ex- pressed the belief Tuesday that the last barriers to long period of frightening American prosperity has been removed.
 Only two adverse factors had caused the business curve to hesi- tate whether to continue upward or flatten down, prominent members of the American Bankers association declared. These were the anthracite . coal strike and the Ruhr situation. With both out of the way, the for ward path of the nations commerce is clear.
 Accommodation of passive resistance is turning point in economic and political affairs that will be reflected throughout the world" declared one expert on international finance. "Germany's decision to cooperate with the allies places her in the po- Sition of Austhia a year ago. Just as Austria's internal condition and ex- ternal credit have greatly improved, so will Germany profit by hec con cession."
 .'So far as American business as a whole is concerned the war Is over and .paid for, declared Charles E. MItchell, president of the National City ban< Uf New York.
 The great body in indebtedness owing from foreign countries repre- sen1s commodities sold years ago, and while J am not advocati:Gg the Wjping out of that indebtedness. say that if we never get penny of it, We would be no worse off than now. Enjoy The Prosperity.
 Let us enjoy and prolong the prosperity of the present. Our pro- ductive powers are intact; they are functioning efficiently. and our bank ing and financial system is equal 10 any demands that may be laid upon it.
 We want a revision of the present income surtaXes that dam the natural flow of wealth and divert it into tax except investments that mean state and municipal reproductive development and waste. We want the oppressive hand of the government taken off of business and freedom given to individual enterprise"
 Melvin A. Traylor, president of the First Trust and Savings bank of Chi cago, prescribed a mental vacation" for the country to cauterize the Psy chological wounds left by political pickering and industrial calamity howlers. Traylor summed up the country's "Fancied Fears and Woes as a "Morass of Illusions"
 Today capital shrinks from it's burden of taxation he said, and rails at the restrictions of govern ment regulation. Labor clamors for shorter hours, shrieks for better working conditions and demands more pay. The farmer, exploited by politi- clans and suffering from the unwise activity of earnest but i'll advised friends, is rampant in his advocacy of political fallacies that would mean economic harikari for the country,
 N n
 Riding Into Power.
 While capitalizing the woes, real or imaginary, of each group, the demagogue is busy riding into power on the protests or approval of his particular faction. each and all of whom are prophesying, dreaming and seeing things" Traylor concluded by .ter1ung most of the national troubles ? as state of mind exploited by pro fessional agitators.'
 As the 4000 bankers gathered along the board walk, the Polly annas" among them outnumbered the "slooms' by more than hundred to one.
 w. C. Wilkinson, president of tte Merchants & Farmer National bank of Charlotte. N. C., reported "business as a whole satisfactory" in the south.
 "The manufacturers of cotton goods report that business has im- proved in the last 30 days and that orders are now in satisfactory quan- titles at fair prices on most of the cloth goods" he said.