Show RETRENCHMENT END T APPEARS ON ONit ONt it t HORIZON I V More r Investments Investments Must V Come Coine Says Auto V Manufacturer I. I I. I Money tone Is n a drug on tho ho market t In the centers conter r an anti and Is IM rapidly b becoming becom beom- om- om ing so IO o throughout the countr country According According Ac Ac- ACV cording to D. D K P. l Edwards comptroller or of the Olds aids Motor works The Tho banks arc re crammed with It and dl discount rates on prime commercial paper ate arc at nt ph phenomenally phe ph- Jow low levels in most of or the rf clUes cities and anil nagging steadily every ever uh rc If IC the old oki saying that thal money mOM t talks lka were vero literally true there CIr would b be a n lot of or conversation con up UI li our banks tOOl today nut Hut Mils LI condition must mud ery soon create creale Hown remedy which will be he found In lii r production and n a larger larer volume 4 J This vast net reservoir of ot mone money this dammed up buying power Is h exerting such an Increasing and tremendous tremendous tre tre- tro- tro for or Its release relate l a e and le legitimate le- le employment in trade and m manufacture man man- n- n that It must soon loon sweep away away any remaining barriers rl of timidity and hesitation and nd be running full ful and deep and strong Itron again In Its lis accustomed tomed channels 18 Mono Money as a r standard of ot values alues is 15 the b biels 18 o of bank b credits and the banker l t sell credits that lilt Is make mako loans loana to earn oarn dividends dl and succeed rd In his Il 1 nes Ho Ito cant can't afford to lot let his hi roc be heaped ped up 1111 and and Idle In his bank The Tho- bankers banker cs the shrewd and progressive ones are aro Impelled Im Im- Im- Im fI pelted ned by the motive of or n Hlf eI lf Interest AntI and profits for themselves s to tn get mone money back Into sound legitimate business again by bT extending their loans more lr b at attractive rates The new Tf-i-al Tf reserve bank law J has lias R remove removeS removed S ast reason reson for or th the tho hoarding of or reI re- re I J-es J of or idle funds b by the banks hanks and and i has rc r rendered our currency el clastic and responsive to the needs of or Whets When the war bC began begaii last lant A August U this countr country had l Just finished a long period of or liquidation ant and retrenchment Merchants and manufacturers and bankers bankers bankers bank bank- ers had been playing safe fe for tor or several severa years cars Stocks of or materials m and merchandise mer mer- chandise chandIe e were down to solid bottom Cash reserves and quick assets were large There was wall no general ov overextension overextension over ex r-ex- r tension of credit to make the tho credit structure shaky Business had trainee trained off ocr nfl all Its tat fat and fl I no ICO to speak and what was WI left was clean hard Industrial and commercial muscle mus mus- cl cle dc capable of or effort efort th that t would make new records In output and sale s. sales In short everything was In readiness for fort fora a t strong steady healthy expanding movement in business It Ve Vvo c w were re on our t toes s. s r ready l dy for the spring prIng forward eo lIO to speak when the European war Ar broke with terrible suddenness s and temporarily temporarily tem tern paralyzed everything The amazingly ly quick and complete re recover recovery recovery re- re cover covery we made madr- though shows conclusively how sound and stable were ere underlying un un- un- un denying conditions ut that time of ot shock and nd nd strain Those same me conditions even strengthened by the further liquidation and economy even strengthened strengthened strength strength- ened end by the further liquidation am and economy that prevailed during the tho faland rail fall falland and winter exl exist t today It Jt In is estimated that each month has been added to our available capital by the tho nations nation's economy econom and anti saving sa since the war began This totals the stupendous sum of ot But nut now the shock of the war Ar is over o the readjustment has tins been successfully made confidence and Initiative have revived and the al almost nl- nl most unanimous opinion In the tho but best I Informed Industrial commercial and I financial circles Is that thc he great forward forward for for- CorI I ward movement mo in business temporarily arrested list last summer by the war Is starting n again and this time with ir irresistible irresistible Ir- Ir resistible momentum and certainty The automobile business an as always wilt will lead In this tItle movement |