Show I I CONFIDENCE ILL WIL I i II RESTORE BUSINESS Situation Is Clearing Steadily in East Says James A. A Pollock CROPS MUST BE MOVED Cotton P Product Will Wil Work Wonders in Bringing in ill Gold I The rh V. V n Ml It tr financial l- l lal situation Is clearing cleaning 0 but t inn IU c ml ana Inu a n of uC sound ll S judgment on 01 the part of or bUSIa busl- busl a nl ij i inca to normal Ien 1 Coi restore cott- cott throughout hout the COUlt country Is the tite WU Jine A. A stuns It i UI Ig hl ls fi CO W kb from m fr rue ana vantage f of oC St St. 81 loti Th has been cen II i I Ia 10 II d IJ I he be rebuilding of or the com com- r 4 Li L weakened w al ene by I in- in fatton and alt the tit lack laek of oC ing medium proceed without t in in- I- I With nth the requisite display v voC tw rC II lc of oC confidence enc recovery wI Mill be he repaid Money for fOI moving lH the crops crol which in tn ih aggi aggregate gale represent an au Stir sum In is of or course coure c essential With Hh the these c marketed there will wil bo be bo no about the Ini- transaction acton of or 01 business 8 The moving ro of the tin t- t ton tun crop is perhaps p s the th most important of oC all al on account count a of tho tw large amount that is exported u it I flow fow of gold goldin old oldin in oui Ol tIli With th 12 J X 0 bales lales of colon cotton an and bushels of oC wheat wheal to both hoth commanding the thc high high- highest est pt lt prices juices known for Cor years thc these e products IrO- IrO pro liro- ducts mn t tt t turn loon Immense immense l sums of ff money The he effect can scarcely be le lal- lal real In Iii reality the tho entire difficulty cnn can nn be traced down to the absence of ela elasticity In n our currency 8 system With th tin the hunk bank epo of f the country countr amounting to thIrteen cn millions of dollars olar while tile the entre entire circulation I Is only three billions It t Is necessary nece nr for only a l. l comparatively small proportion of the depositors to tu beIn be- be In to draw lea I heavily upon their accounts to I. I create a panic When hen one stops stop to of f this It I Is easy to lo realize how Important is cc in ln a country Ike wh n-e n Q Il per cent of or nil all al the busl- busl ie mess s transacted l in normal times Is train train- Ihlo through h th the medium of credit bank drafts and atal s similar lar o l I I or mone money on deposit nen anything an- an arty any thing occurs to cal l distrust in n those these the NI entire tire business stream is soon dis Must Musi Iu t IIa c New S Sj tm This country needs and must have ha c a system o of currency Which will wi permit of expansion In times of extraordinary demands de do- mands upon it It i. i tho moving of our enormous crops Oth r r countries have ha c such huch systems in forCe foice and ant thc they are urE working well cl liven f ur neighbor I Canada n. n whore con conditions arc similar to tois of us LIS In this in- in 0 oui I is iM awn wa tt rant I he Gt t ly mOans r I oc of credit H e to the Sex Sex- tent n of n. n Po per ThIs would Hu amount to like with us und antI al alIt It would go o CI far o ln relieving th the present situation I If it i would not nol h. have havea a varied I It t the altogether The Tho protective c I b by 1 the tho hanl bunks t tn n going upon the clear clear- coor Inc ne lw house hou e batiks banks bids fair to an U 11 t. 1 of failures In IS 18 3 only the N sW tw w York Voik banks adopted that system and th the lie i result wa vas vis or of course C jC CO that t all ni o Of the thE hSUi York and bank to lu New vr w flowed ant lh tha court court- and business houses bouses hou g throughout lu an o dT- dT tr try tn simply imph had hii to close Now ow the lie forent forit localities are arc virtually on an an un t equa a toI to toie footIng fooling and It I will wl be bo much mich easier I ie- ie estore tore normal Hormal |