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WHAT OTHER EDITORS SAY RECOVERY IS PROGRESSING (Omaha One rather encouraging sign of the times the apparent belief of practical economists that the depression has about worn itself out and that natural forces are now working in favor of increased activity in commercial and financial lines. The captains of industry and the leaders in finance who have been openly pessimistic or ominously on conditions for three or four years are as positive that the whole situation improving and will continue improve until the nation again blessed with prosperity in the not very distant future. The statement of General Dawes last week good example of this new trend of informed opinion. "While recognize fully. said the gen eral, "the overwhelming long time importance of balanced budget and wise governmental policy point out that the normal course of covery involving mass action is not determined by human reasoning but by human nature, and that the rate of following the same course in this present depression and for the same simple causes that did in the two great former depressions in the country, those of 1873 and 1893 And embarking on the dangerous seas of definite prophesy say that these simple causes will bring about great sustained uplift in heavy goods and mark the beginning of the year full of prosperity in next May and June Recovery is inevitable Nothing can stop the progress toward it, just as nothing could stop the progress toward the chasm in 1929, The various steps taken by the government to aid business and employment will neither greatly retard nor greatly accelerate the return of good times." No one is looking for miraculous change in conditions over night but it must be apparent that these optimistic utterances of commercial leaders are in line with the popular views of the day Many believed from the first that the depression would just have to wear itself out and that is just what happening, in the opinion of those best in position to feel the pulse of the nation Lets hope they are right. 100 CENTS (Nebraska City Liquidation of the Bank of Syracuse which closed in 1932 has been completed insofar the depositors are concerned, and they need no longer be concerned. This Otoe county institution one isolated example in itself, for it has paid out 100 per cent to its creditors and says Bank Receiver Luikhart, there will be something left for the stockholders. The closing of the Bank of Syracuse was no aftermath of bad banking or negligence on the part of its officials was victim of the times Its closing was taken in the interest of the depositors who were told from the day the institution closed that if they would be patient they would get all their money State authorities who had charge of the institution remarked recently that its assets were the "cleanest" of any closed bank in the state They meant that loans would be collectible with good judgment on the part of the receiver and that there was no note in the bank which indicated poor judgment on the part of the lender. It is to the credit both of the receiver and the officers of the bank that the depositors have been paid 100 cents on the dollar. It to be hoped, too, that stockholders may realize every possible dollar from the assets which are remaining, for they deserve it.
