The daily star-mirror. (Moscow, Idaho) 1911-1939, 1923-01-04

adjustments OF -QeHdClOn' are, III q
large part, completed. The one un-
finished item Of particular interest to
us is to place agricultural products
on a level with other commodities, and
there is real hope that this is slowly
being done. The best authorities now
predict at least ten years Of values
Of about fifty per CEN above pre-war
standards, and that ought to help us,
GA healthy spirit of economy and
thrift is dominant among our people
and this coupled with the real earn
ing power of our country is bringing
US back to our normal condition,
which is probably best reflected in
current bank conditions. Generally,
banks are carrying strong cash re-
serves-ours being th~irty-five per
cent Of our total deposits"
No Reason to Despair.
H. Melgard, president of the First
Trust and Savings Bank, sees every
reason to be hopeful, and expresses
his opinion in the following para
graph:
while short crops and compare
lively low prices of the past year
naturally had a depressing influence
Upon our community, l feel that the
financial condition of this section, as
reflected in our bank statements, is
SO gratifying that it should inspire
new hope and renewed confidence and
ambition for the coming year. We
all realize that in this readjustment
period the farmers as a class have
been the hardest hit Of all, and now
that the nation is thoroughly aroused
to this fact there is every reason to
believe that some real earnest efforts
will be put forth by our Legislative
bodies to assist the farmers in re-
storing this most essential industry
to a profitable basis. The grain mar
ket is materially improved over a year
ago, and the weather conditions here
have sc far been extremely favorable
for next crops, so we should have no
reason to despair"
Despite the dearth of the wheat
harvest in the year of 1922, coupled
with the low price for farm products,
and the consequent construction in
the buying power of the Palouse far
mer, the business firms Of the city
are optimistic over the prospects for
the year and point with emphasis to
the fact that Notwithstanding the re-
duction in retail prices for commo-
dities over the year of 1921, the
volume of business has in every in
stance exceeded that of the preceding
year in the actual amount of money
involved.
Building Program Heavy.
The building program for the year
just passed in Moscow has been
greater than during any other period
in tho hictary cF The n,+xr ,,o~- I
totaling approximately half a
dollars have been made or at
least begun, by the city, the business
firms and the general populace.
More sidewalks and paving has
done by the city than in any
previous year, $4,000 dollars having
been expended on the paving districts.
more was spent in lay
ing sidewalks, the exact amount of
which cannot be estimated as it was
joint undertaking by the city and {
he property wners. In addition the {
finishing touches were made on the {
septic tank. s
OF the private building done may s
,e mentioned the erection of the new |
store at a cost of about
40, 1000; the addition of a third floor |
@ Lindley hall, mems dormitory at a
he University of Idaho, at a cost T
II about $35, 1000; the beginning Of t
ball, new women's dormitory q
It a cost of $50, 900 to 500, 1000. a
Besides these outstanding new
t~ructers made or begun, many dwell
ng houses were erected, others re- t
1odeled; churches were renovated or t
editions were made to them. Prom II
nent among these are the $4,000 an a
ex Of the Methodist Episcopal L
the new Christian church
and others. e
The total sum expended for build il
IL enterprises during the year |;
mounted to considerable above 4 r
Of million dollars. This does II