| Show BUS BANKS UP NORTH NOT SUfFERING Meeting of Representatives Representative of Institutions in Washington Montana and Idaho Spokane Wash Nov No 10 At the meeting of ot the th bankers of the In Inland Inland Inland land Empire held in the t te banquet hall hail hallof hallof of Davenports restaurant r for fOl the th pur purpose p pUrpose r pose of discussing the general financial t situation and its special relations rel to the movement of the vast wheat crop of this thi general confidence was ex expressed pressed by b the representatives of the banks binks of Idaho Idah and Montana who were present In the ability of their InStitution institutions to meet the situation and at the conclusion of the conference the fol following following lowing statement was given out by E B ET ET BT T Coman vice president of the Ex Exchange Exchange change hange National bank and D W V Two Twohy Twohy Twohy hy president of the thc Old National l bank both of this city who vho represented the special committee chosen to report on the situation Country Bankers Not Suffering We find that the situation among the country bankers Is very satisfactory tory all of them having large amounts amou of loans secured by b merchandise wheat and lumber in transit As soon as the currency situation Is ig sufficiently re relieved relieved relieved the worst of Ute tire difficulties will im willbe willbe imbe be over We Ve find that the only way to accumulate accumulate mutate credit balances in n the thO principal prIncipal pal exchange centers Is by the conver conversion conversion sion slon of commodities into cash This process will require several weeks and perhaps months To accomplish this on a 11 large scale will require several weeks and perhaps months on oil account of the present pres nt limited facilities for fOl transportation Mere Question of Time This desired movement of crops will willbe be greatly aided by the action of the state railroad commission which will arrange with ith the railroads for the most prompt shipment of OC grain to nil fill the ships Chips which are at tidewater asking cargoes J C Lawrence state railroad commissioner advised the assembled bankers that such an effort now be being beIng betag ing tag made The situation all over east eastern eastern ern em Washington and northern Idaho is improving and it is only a question of time before there will wUl be a gradual l 11 li liquidation of the obligations due the hanks banks when they will be enabled d to again lignIn resume business Under normal conditions The country banks scent Well wen sup supplied supplied supplied plied with cash resources s and the only difficulty they have had was in con coil converting grain bills bilts Into credits with the coast cities From reports ports r made to the meeting this difficulty will soon be removed remond and they will wit be able abie to se secure secure secure cure such credit |
