Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1927-10-27
Better Times For Farmers

Bankers are VIGOROUSLY conservative. Their bust
ness training is such that they seldom make a decision
without first carefully weighing all essential factors.
In view of these facts. the generally optimistic note
sounded by the bankers in their national convention
ut Houston may be taken as an index TO commercial,
financial and industrial condition Of the country as a
whole.
For agriculture the bankers can see nothing but
prosperity. The prevailing opinion was TO the effect
that there would be a moderate business recession dur
ing the coming year, which would be more than offset
by the increased prosperity of agriculture. In other
words, the bankers expect to see the relative positions
Of agriculture and business transposed, with agricul-
ture shining in the spotlight Of prosperity, the posi-
ton which has been occupied by industry since the
close Of the World war.
The bankers frankly admit that there has been
some recession in industry the past year. but they are
not worried about il. Such recession has been along
lines best prepared to sustain it, they state, and i fol-
lows a prolonged period Of prosperity during which in
dustry has become solidly entrenched financially.
They take the view that the swinging Of the pendulum
of prosperity from industry to agriculture will have a
very salutary effect upon the nation as a whole and
that il will have a tendency to eliminate any dissatisfac-
ton which may exist.
Commenting upon national business conditions, T..
r. Preston Of Chattanooga ,>Tenn, asserted that the
volume Of business for 1927 may not be quite as large
~ for 1926. but more people have shared in the pros
perity. Especially is this true Of the agricultural
situation" he said. Agriculture has shown improve
ment almost everywhere. and ! see no reason why 1928
will not be a satisfactory year even though It Is a
presidential year
It was the consensus Of leading bankers that Tar
more people have shared in the prosperity this year
than any year in the nations history. and they point out
that II is distribution of wealth which creates nation
nj prosperity. Production and export figures may show
tremendous gains, but the real prosperity Of the ma
tion depends upon the distribution Of that wealth
One of the most encouraging signs OF the times
is the return Of prosperity to agriculture, and though
industry may lose some part Of its prosperity, yet the
prosperity Of the nation as a whole will be enhanced by
reason Of the more general distribution. During the
mast six years prosperity has been almost an unknown
ouantity so far as agriculture was concerned, but in
dustrv has thrived as never before in the history Of
the nation. This has resulted in what one banker term
ed "lop-sided prosperity" which created a condition
far from satisfactory.
Balanced prosperity IL as necessary to national
nrogress as is n balanced ration" 10 the health Of an
individual. when industry, agriculture and commerce
are receiving equal benefit from the production of ma
tional wealth the condition thereby created is as near
the ideal as it is possible for the human mind to con-
ceive.