Show I THE STATE OF THE TIlE COUNTRY i 1 Building permits have greatly declined ned in the ip p t sixty days in this city Cito This has not cone cope from a lessening of fAith in th the thc future ot of the tile city or oi from a 3 lessening of desire on the part of purchasers purchasers purchasers pur pur- chasers or builders But ut men who deal iu realty or build houses houses' must of necessity use a vast vasti i amount mount of money and aua the more ext extensive sive their 1 business the more the they lean upon Il the banks for at nt least 1 temporary Accommodations c d atlO s. s I I These ac accommodations cannot now be obtained 1 t I. I The banks bans are arc afraid because there is upon the I country ou try a feeling of apprehension that something sinister is is' to come CODle It started in ili New York City and has extended over the entire country No one ono so 60 f far r as we know can ean explain it but it exists There Thore is plenty of money in the thc east cast there is a certainty of a fair if not a large harvest the mines are doing well many of the manufacturers are arc running ing over o hours the thc railroads especially the lines are carrying on a u tremendous business and yet ct the apprehension i is upon the country Wh What t causes it 7 It is difficult to understand un Un- d eXcept from th the fact that when these pe- pe rods of apprehension hension come those who have surplus surplus sur sur- plus gold withdraw w it from froni circulation and locky lock y i it up knowing that sl panic be pr precipitated in a U day as it were all the gold will run to cover and that it is slow work to call it out again The Thc mor we think about this matter the more we e are arc jn inclined lined to believe that it w would be bo wise vise to have a great central gOY government bank with power given it in emergencies to issue gov government notes otes drawing small interest payable after a term of f years years but redeemable at any time at th the opt op- op t tiou of of tl the c government with interest and principal t pal al aI ra payable ab c in g gold ld This would give such an increase in in- crease in Il the money moner of the country as would en enable able government and private enterprises to to b be pus pushed cd and there would neVer e any fear that nil all the available money in the count country 1 would some morning u be bc lock locked d up They tell us that there sin is s s in h circulation about 35 per capita calita of a all l our pep peo peo- plc J That is but a fiction o of t the c statisticians The Thc great bl bulk lk of that money is in In the treasury and ad the banks and instead of being In n ii circulation a gre great t deal of it is use used as a club to beat down enterprise enS enterprise en en- I and aud retard progress S The American people need four or 01 five times r l Iu more re rc money o y per capita than any other people Eu Eu- t- t trope i S rope has b beth been 1 building her hel cities and making available available available avail- avail able her resources for a thousand ears and business busi busi- 0 with ith th those nations has settled into into- ness Hess se grooves lOOV S 5 as permanent as ar are arc the channels of their rivers rivel t With HIt us an eager cager people are arc in d direct red assault upon pou sl sleeping resources and in subduing as yet fields and the thc demand for money is in- in I satiable The geo general ral government hould should take the thet t obstructions out of their way or lend them the imi implements im mi i to work with |