OCR Text |
Show THERE IS PLENTY OF MONEY. We do not bellevo thnt the aj parent depletion of tho bank reserves In New inrk City Is giving tho real financiers ans concern I'oi first of nil the it serve Is still a good deal above the limitation fixed In the liw, nml there ts abundant protection down to anl even below that limitation hecon 1 the reason of the withdraw il of tho leserve I perfectly well known, wua expected nnd fully discounted nn I Is but temiornrs Thla wltndriw tl la what Is Keuernlly cnllel sending money west to move the crops Aa a tnitter of fact, It la tho wlthlrawnl for a tlmo nf tho money owned by Western Innks for use In paying tho farmers for their wheat and corn. It Is not Hastern mones oven chle lis, though 1 robnhly somt Kjstcm money Is cnllcd for along with th Western credit bal-nnces bal-nnces It Is something that goes on every cir but this scar n good deal moic money is called for thin In nn average soar, because Iho nopn nio tinusujlls nbunlant in I the pi Ices fot grain irt kept up better than evir before In a season of grent lenty So that the farmers ,et tho I enellt ot that remirkabl volume of money with Irnnn from New ork fin uso In the West Hut tint money will quickly drift Into commercial chimin la again nnl will bo sent buk tn New York for deposit as credit bilincea for tho banks of the Interior At the snmo time It Is n wise step which Is taken hs Sei retnry Shaw of tho Treasury depnitinint in ananglng to put Into business use snmo of tho troasurs surplus It might be that without this ireiautlon some reckless) speculitor woul try to rail the market mar-ket It Is thirefnie a mtasuru that limit be appreciated by the bualnesa Interests of l lie i minus to liavo thu Seen lory so prompt In barking up stability sta-bility even btfore It is tin onioned, for n. thnnt tn st ihlllty Is in list II ii 1 erll Tho iiiaaurys strength ia n tiomen dous thnt with Ita sui port Iho teserio tnnnot he weakened no inittet whit tho demand for mones mUy he |