Salt Lake Telegram | 1922-05-23 | Page 3 | Bankers Told of Reserve Act

BANKERS TOLD OF RESERVE ACT Measure Created Better Understanding, Un-derstanding, Speaker Says KANSAS CITT. Mo.. May SS.-Ths federal reserve art, besides establishing- the federal reserve hank system, has ereatel a medium of understanding1 understand-ing1 netween hankers nnd the government govern-ment which had never eslstcd before, Thoinaa B. McAdama of nlrhniond. Va.. president of the American Bank-era' Bank-era' association, told the Asorlatlon of Reserve City Hankers at the or-1 sanitation's annual dinner hers last nlKht. Walter IT. Head, president of the Omaha National bank. Omaha. Neh.. talked on flnantial problems of cattle ralsln and feedlnn. "There arc many reasons to believe (hat rattle prices will not suffer a further rieillne." he said, "and aome think prices may Increase. "In the Hocky mountain district and some parts of the Houthwest questionnaires ques-tionnaires revealed that a shnrtacs In cattle exists because' of :ost and' forced marketing, resulting In deplet-l In of herds. The opinion Is that the shortage will he reflected In the prices! for cattle In 122 and i2ir