Show BANKERS FEAR NO FINANCIAL CRISIS Local Financiers Say There Is No Ground for S Stuyvesant Fishs Fish's Statement ACTIVITY IS ENCOURAGING U U. S. S and ami Frank Fronk Knox Disagree Dis ng agree With 1111 and Intimate Inti mate Hidden The opinion of or Stuyvesant Fish the New ew York financier that an nn industrial crisis IH is due clue In Jn the near nar future Is no not full fully shared hared In Salt Lake Lako banking circles Local financial men are of or the tho opinion that Mr 1 r. r Fish takes loo too pessimistic pessimistic pes pCS lIc a view of present ent conditions and future prospects The They full fail to seethe see seethe seethe the clou clouds s In the financial sky which seem to trouble the Gotham financier Tho The Intimation has been expressed that lint there then I Is method In ht the madness madness' of or Mr Fish that Fish that it Is not beyond the range of or possibility that he Is trying to the situation for a purpose purpose pur pur- po pose e of oC his own At any rate It Is not nol thought that his statement will coupe cause orr worry of any moment among tho those e informed In Informed informed in- in formed on monetary and industrial industria conditions W. W S. S said last night I am convinced con that Mr Ir Fish Is too pessimistic in his view of oC conditions as expressed ed in his statement I see m nl cause for fearing immediate danger in the industrial world While U it if o true that the volume of oC currency great as 35 It is has ban 1 not kept pace lace wit the increasing volume of business that defect can and probably will be re remedied remedied remedied re- re by an act of congress As for fot Wall street it has always had more than Its share of money and andI I see no danger approaching It is true truo that the people of the country as arule a 3 arule rule are too prodigal speculation Is Js carried on to excess and the time for Cor fora Cora a halt in this direction will finally come I do not think It a n good thing for Cor a n man of Mr FIshes FIshe's standing inthe Inthe in inthe the financial world to send out such a a. statement There Thel is a 3 possibility that he has ban reasons of his own for hi hl his action as Ui to 10 that I am nm not prepared to 10 say l Situation Is Encouraging ln President Frank Knox of the National National Na Na- Bank of the Republic said I r entirely disagree with Mr Ir Fish In his statement The fact that mone money Is dear I Is an Indication of good times rather than bad It shows hows an Industrial industrial industrial indus Indus- trial activity that is encouraging When mone money is so cheap that everybody everybody everybody every every- body has an abundance of it there here is something wrong The country is la prosperous prosperous pros pros- J and the common people have hae no reason to be in want Farmers who whoa a 3 few tew years ago aso were of limited means are ore now mone money lenders and laborers laborer are receiving more than ever over before for their work The factories are sold out two years ears in advance and have trouble In meeting their thell ol orders ers Railroads Railroads Rail flail roads have a volume of oC business that the they can cnn scarcely handle and In general gen gen- eral Industry Is la thriving I fall fail to toReo see Reo the trouble ahead that Mr Fish predicts In ca case caso o of ot a serious crop failure failure fail fail- ur ure uror or of orr a 3 similar calamity of or course tho the forecast t would be well founded |