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Show WE'VE SEEN THE LAST OF TIGHT ' MONEY AloutJ (.-Utih. i Mse up now pretty pret-ty soon. The Uinkciti c.innot appl tho screws to lfitlmato business enterprise en-terprise t longer with safet) to themselves. Th- bauk'crs last ie-m'ainfng ie-m'ainfng excuse has been discounted by tho action of the Federal Reserve banks in reducing the discount rate to tVt per cm! In other words the reserve ratio for the country now actually tops 80 per cent .after adding the 36 per cent required against deposits, writes tho editor ot Sugarman's Indicator. Hero is good news tor tho country at large. The extraordluarn- faclll-ties faclll-ties extended to the bankers by the Federal Ilcsem Board cannot fall In making their accumulated reserves already sky-high. aallable to the average ibuslness man.- ' In "turn thw will mean that mil lions of unemployed workers will soon bo returning to their Jobs as business picks up and the wliole coun try gets Into harness once more. There Is ever indication that the period of general slagnutlon has touched bottom never to scrape It again In many moons. i |
