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Newspaper
Cranbury Press
Location
Cranbury, New Jersey, United States of America
Date
Aug 06, 1915
Page
8
A public forum explains banking as a core business of gathering idle money, forming a community pool, and multiplying money through drafts checks and notes. It describes clearing houses trades between banks, and how banks manage credit to support commerce while keeping cash on demand.
Industrial leaders speak directly to the public in this piece by E. P. Ripley of the Santa Fe Railroad. He notes mixed public sentiment, fewer harsh laws but ongoing disquiet, and argues railroads deserve fair treatment and just compensation, with courts offering little recourse. Public officials should balance service quality and pricing against private interests.
Federal Commissioner F C Howe argues free ports along the U S coastline would spur the nation’s shipping and banking, shift world credit to America, and connect the United States with South America Asia and Africa while stressing that trade must be reciprocal and funded by wealth in transit.
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