Show I Russell Lowr financial eT 7 Sari Sall co July r. d do de' A Averno oh observed the lh Roman Pomar poL Which mon means somewhat freely translated that any my machine with ad n r decent d brake brako e can n go down hill hili without effort and without dela delay but It takes take a t pretty prelly fair aIr car r to lo climb up tip a again ln on or time the high sear seal Those Tho o who are arc Impatient tient buln business s recovery recover does not with six cylinder s ml might ht do well to consider this into As 8 s u n. matter of fact signs sign of or Improvement im- im Im provement nt are arc easily l II j visible to tho those f who will vilI hut but see e. e The two factors actors 1 of ci greatest moment crops and nd politic are arA taking moro AAtI satisfactory shape hape every er c day dare Bunk Bank reserves arc are very hl high h. h financing of or railroad ad projects I Is going on on on without friction idle cars are arc getting busy once moro more and ami price adjustments ad adjustments ad- ad are gradually getting to the point whet where buln buying activity Is I a t ed S The outcome of or tho the Chi ago aJo convention canyon conven lion tion although accurately forecasted I reduces to certainty what was wa before I merely a a. strong probability j f Both noth hi In Its Us platform and anti In iii the tho th selection of or nominees nominee tOo the Republican party Is committed to a no continuation of pres pr present s- s ent nt policies The Democrats Demo s have c so soar o I far ar proposed no sweeping changes and andas andis i as is the tho next congress con is 1 almost almo t certain I to a bo be o Republican no m matter tN- tN the ho fall all election el results sull neither U d elevation eleva n lion ion of or Mr raft Taft nor of Mr r. r Bryan an to the he presidency Is likely mel t to bring about any ony radical legislation affecting the th the business interests of the country The chief statistician pf pC the Jl depart p r ment nent o of a agriculture calmly b announces that hat the th crops of or the United States In DOS 1308 will he be worth about eight billion tlC gf I of or big i yields and good prices s Is one once on p moro more with vilh UP us Of or It will take lake a lot of or to bring tho the products to market hut but the annual bugaboo hll of crop moving mo otters offers no terrors to financiers this year Jar flanks Banks In the big eastern centers are full of oC mon money which they the have a t. t hard time limo loaning l even at althe the ver very ery low Interest rates prevailing pre pre- and Indeed the whole coun comm countr country tr try as well a as England and France exhibits hunk hank reserves of oC a seldom witnessed d. d The secretary of or the tre treasury sur probably ably will not be asked to lend a hand handIn In the crop moving mo maneuvers as Is customary In fact the treasury facing fac fac- log Ins a deficit for the fiscal year of close upon seventy c millions has enough h to todo todo do to supply Its own needs ne dl and It Is Ls Ismore R moro more than likely tho the national banks will be bo called c lIed upon before long for tho ho further return of government so deposits which they tho now hold to tho amount of or orI about one hundred and fifty million I dollars 1 oh inns rho Tho new currency bill moreover moreo with v Its It provision for an emergency c t l. l sue ue loaves leaves lea es less Jess reason rea on for Cor the treasury treasury treas treas- ur ury to help the banks which now have c havea 11 a means mean to help themselves es If It tho the money mone needs of th the country countr unduly pressing overt even though the method be somewhat cumbersome Whatever cr shortcomings shortcoming the cur cur- curr r ne law may have have and and it certainly has hu ins plenty plenty plenty-It It Is at least east a fOIw forward stop step in its recognition of or tho the I principle r that currency may nitty be bo based baled u upon on well veil I Secured private ate credit represented by h commercial paper Just a as well weB a as at upon the tho national debt represented d toy iy BO government gov bonds bond |