Money Most Plentiful Should Boom Buildin$ After Election

The banks of the United States are loaded down with cash. Seldom in the history of this nation has there been as much money in bank vaults as there is today.

And one of the chief reasons why the lumber business has slowed up slightly of late is that there is an apparent determination on the part of its owners to KEEP IT THERE for a few weeks more at least.

From the Atlantic to the Pacific the city banks are overloaded with money, and it is unusually low as to loaning rate.

There is enough mon.ey laying idle in American banks right norv to finance a home for every non-home-owning person in the country, and leave a lot over.

But they are not loaning to prospective home builders. "Slow" notes are not in demand. They are hanging onto it until election is over. After that, if nothing happens to upset the equilibrium of the financial thinkers of the country, it may become more generally distributed, and there is ev€ry reason to believe that much of it may find its way into building channels.

The financial prospects of the country for the approaching winter are unusually good. \A/hat we need most of all in this country is low rate, long time money to loan on small homes in rural districts. It isn't the difficulty of SELLING homes that troubles the country lumber mer- chant. It's FINANCING these small homes for worthy people.

You can't take from tvvo hundred to five hundred dollars and buy a home in the average country town, like you can in most of the cities. And it is the financing of attractive, modest, modern homes in our rural districts that is badly needed. If we are to keep the boys and girls on the farm, we must do it by giving them nrore congenial surroundings at home.

One of the greatest blessings that could descend upon this country today would be the creating of ways and means for doing the following things:

Furnishing home building finances at low interest rates, on long time notes.

Selling them the homes at redsonable PRICES to begin with, so that they would have something of genuine value to show for their savings and their devotion in paying off the homes.

Too often when the finances ARE furnished for building the family of small means but good moral character, a home, they are robbed in advance in the PRICE of the home, by speculative builders whose only interest is to sell the building.

There is no better security than mortgages on homes that are wisely built and honestly financed, and the security in that event is mutual to both sides of the transaction.

Let us hope that when the election is over and the fear of constitution destruction is founcl to be groundless, that much of the great accumulation of money now in the bank vaults of the country rvill find its rvay into the hands of those who are worthy of credit, who would o!r'n a modest home of their own, but have not the ability to make the financial start.

It would mean much to the nation generally.

CHAS. R. McCORMICK RETURNS FROM PORTLAND

Chas. R. McCormick of San Francisco, President of Chas. R. McCormick & Co., has .returned to San Francisco after spending a week at Portland. He was also a visitor at the company's mill operations at St. Helens' Oregon.