Show AD tIE E R REVIVAL 10 10 U BE GENERAL Tf kers leers Declare Country Is Progress Toward formal Production ting ling bankers of ot New York agree that ot of business depression has been d dand and that we are already making SL toward toward normal production Few will Tilt be a a. boom but a grad crad- provement i Is hi expected to carry busl- busl f far above recent month One says the most Important and most moss tary requirement for revival of bustS busl- busl S an n abundance of funds This we wa wen wen n greater measure than at t any other othern n ur history We Ve have nearly half monetary gold Bold and the fed fed- system has a surplus In ex- ex requirements sufficient to ex- ex loans In addition to member banks have hae an expanding Bf of rember of about more 1 TAto to the Increase in gold supply It possible to now make loan loans in excess of the out- out obligations of a year ear ago aKo when were vere practically at their peak ither ther r primary Influence Is that mer- mer merI I allowed stocks to run so low buying movement is absolutely Ine In- In e Many Many that in at year they have reduced Inventories I 40 per cent Assuming that twelve a ago i ago Inventories were above nor- nor such reductions prove that I the past year has exceeded pro- pro p This condition cannot continue United States can get pet along with with- IY IF specific volume of foreign trade essary But a sudden contraction tends to throw the worlds world's I o out of proper adjustment t and 1 I t rouS I ness paralysis ra SI usch as we are now Is 11 the inevitable result Rement Re- Re Re-I Re I ment takes time but that we Ie can sur- sur of ot foreign business Is hardly s seriously questioned Average pro- pro I family of five flye does not exceed annually and no one will seriously the average family's ability to i hat amount I I realizes that there Is a building e tile world over Railroads were S ar behind with needed work It Ite Iten e en held up because It was impO- impO I I needed funds except at aty y ve rates Tates There Thera Is evry reason to solvent vent roads roada will be able to get i i om orn money at a low rate In Inar ar future and as soon as labor dis- dis are arg settled It Is entirely probable a af if f new bond Issues will be floated I p ply y of foodstuffs Is ample for this abut but should Europe become able to ain aln In large Quantities we would higher prices for farm prod prod- agricultural activity ly y In one line stimulates others other other- s th at once building starts start on a I s 3 e. ate railroads start buying heavily ops ops' ops command better prices all alt lines I to resume I Iare are not now the 1 center w. w but may be In that position I I years The United States not no nu the confidence of more nations ny European country and whereas I were kept In London be be- t jealousies there is a aa a good chance of balances coming I countr country because ni coun I moro jealous of ot 1 England than J Jy y Also we have haye b b by far the larg- larg gold and are the on one country larg-I larg i tion to lend almost an any amount I t Ican an bankers have lost heavily i lack of experience in international I but the experience has been valand valand val val- and much information has been col- col that will wili enable them to avoid simi simi- val val-I stakes In future I. |