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Show ME ER DRAWS ! SLUMP LESSON War and the Lack of 1 Proper Business Foresight Fore-sight Blamed I SAX FRANCISCO, Cal.. Oct. 20. ' Depressed business conditions in the last two j'ears were due not only to t the war but to a lack of foresight among tho business and other interests, inter-ests, which brought on a secondary' I Inflation in the fall of 1 0 1 . Eugene l Meyer, Jr , chairman of the War I Finance corporation, said in an address ad-dress here Thursday to tho members ; of the KIwanIa club. "It is the duty of students of tho 'situation to bring out all the facts and preent a repetition, of such destructive de-structive situations," he said. I ' The only hope of salvation for Ihe , bad situation which existed when th,-I th,-I war corporation started its work :n I 'o get tho interests In each locality needing help to work together," ho declared. "Tho corporation." he said, "loaned to about -1.400 banks approximately $200,000,000. The result was that the bigger hanks were able to Stabilise their assets without ' the smaller ones pulling them do n, and prices were generally established also "A recent Instance of tho corpora-lion's corpora-lion's acthltj- was evidenced when the livestock men of New Mexico under the worst drought In 40 years were compelled to ship their cattle OJUtSldS the state. The corporation, of course, could not bring the necessary neces-sary rain, but it did help materially In financing that cattle movement." oo |