Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-08-21
HOPING FOR
GOOD RESULTS
Mr.. Chas. J. Bells View Of
Greater Washington Boom.
PRAISES THE NEWSPAPERS
Outlook for Increase in Business of
Capital City.
SILVER PURCHASE DISCUSSED
Incidental Reference to Money Mar
ket From a Bankers Stand
point-Stringency Predicted.
SILVER PURCHASE DISCUSSED

With tan that is shaving close to
the new brown that the prettiest girls
will wear this fall and an all-round ap
pearance of health and good spirits, Mr..
Chas. J. Bell, president of the American
Trust and Security Company and also
president of the Jobbers and Shippers
Association, was at his desk today. Mr..
Bell was highly Mandatory Of the work
that the local newspapers have done for
Greater Washington. and was frank in
the statement that it is only a question
of very brief period when the most
material and beneficial results to the ma
tional capital will be acquired.
President Fell arrived in the city at
10 o'clock this morning and was at his
desk bu. few moments after that hour.
He has been on vacation trip through
Nova Scotia. Mr.. Bell said to Star re-
porter today that he had enjoyed his lit
tie summer outing and felt fully equipped
to resume the arduous labors before
him.
DR.. Bells Airship.
II passed part of the time" said he, with
DR.. Graham Bell and was much interested
in his experiments with his new aerial
ship. He is situated at Badeck on Cape
Breton Island. and is naturally extremely
tic. in fact that he tells me it will be
but a short time when I will be taking my
trips during the summer in one of his or
somebody elses airship.'
Mr.. Bell smiled as he remarked that he
had his own ideas on that score.
You have had no time, l presume, to
take up the work of the Jobbers and Ship
pers' Association since your return?' was
a query propounded by the reporter.
mo, l have just had time to go through
my mail, but l desire to say that l think
the outlook is splendid and the work that
has been done by the local newspapers,
which have followed very closely, is sim
ply fine"
Mr.. Bell said he was going into the work
at once and would be in a position, he
thought, to talk comprehensively of some
new plans and schemes tomorrow. AS to
his observations of things in general and
those that have more especially to do with
his position banker during his absence,
he talked very Interestingly. Mr.. Bell was
asked If 1t was not rather unusual for the
Secretary of the Treasury to purchase such
a large amount of silver was provided
for in a recent order of the Treasury De-
partment-1O0EO ounces week.
NO" said Mr.. Bell. 1.-The banks were
warned that We would need a lot of SUBJ
sidiary coin. The extreme prosperity of
the country will make this money neces-
sary. There is no doubt of the fact that we
Great amount of money Is going to be need
ed to move the crops. And there will, OF
course. be a tight market
will that affect Washington in any
way?"
Only Indirect Effects.
"Only indirectly. Money never gets very
high here. very rarely over or 6 per cent,
but, of course, we will be benefited by the
general prosperity. That is to be observed
everywhere, and the whole world is talking
about it,
Mr.. Bell Is one Of the optimistic bankers
who do not regard the Hartman boom or
Union and Southern Pacific stocks as a
mere matter of rife speculation and stock
1obbery.
II have no doubt" said he, that Mr.
Hartman saw some time ago the remark
able conditions of prosperity which are ours
today, and that prompted him to declare
the dividend. which. under the circum-
stances was only logical"
Then you do not think this was chlcan-
cry and stock jobbery?'
mo; 1t was legitimate proposition. This
country is in an era of astonishing pros
perity. and securities are more valuable
for obvious reasons than ever before"
Mr.. Bell like other bankers however,
insists that there will be very tight money
In the early fall.