Col. Leonard P. Ayres of Cleveland
has gained a national reputation as a
practical banking economist because he
is not mealymouthed. He dares to state his honest opinions without varnish or camouflage.
In the last issue of the Business Bulletin of the Cleveland Trust Co., of which he is Vice President, he reiterates his belief as to the basic character of the steel and iron industry and its tendency to increase or decrease in the general business conditions. Yet Col. Ayres does not look for any sudden recovery in the industry. As he points out,...