The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1909-09-16
.IaLRGHAnTS' BUYING,
PROSPERITY SIGNAL
President Lynn, of American
National Bank, Says Bust
ness Has Revived.

Every confidence that Washington IS
destined to become a large citv event
ually and that il is now ENJOYING an
unprecedented wave Of commercial pros
perity, is reflected IN the optimistic
views Of r. H Lynn. president OF the
. American National Bank. Although Mr.
Lynn does not expect that Washington
viii ever become a central. commercial
or manufacturing point. for II was des-
tined and planned that it should be
otherwise, he IS Of the opinion that
each year the Capital is growing in
favor as residential city for all classes,
and large growth in population is bound
to result.
For six months past, I should say"
commented AIr. Lynn, business men
have noted revival OF good times and
the return of material prosperity APP
parently this feeling Of confidence ex-
lists in all classes. The merchants, I
know. are buying largely and expect an
excellent fan and winter trade This
feeling was not so plainly apparent last
year.
The demand for money is. good. This,
too, is an index of returning prosperous
days. I believe that you will find that
the banking institutions Of Washington
generally will report an excellent none
tary demand. accompanied by express
sions on the part Of the Capitals bust
ness men OF confidence in our CONNER
cisl future.
Buying Small HoUles.
What is true Of the merchant and
larger investor also may he applied to
the salaried man or wage Garner.
There is disposition on their part
n
tractor left my office a rev moments
ago who has recently erected ten homes
that sell for about $500 to $1,000 Half
Of them already have been sold out
right.
Washington Is destined TO be a large
city-by this mean a city Of residences
and many people representative Of all
walks OF life. Many OF the millionaire
class now maintain homes in the Capt.
tai and others are building and will
build The growth of the Government
means that more employees must come
here to live. I am most confident that
within a rev years this will be a really
large city It will be, naturally, OF
lesser Importance as a manufacturing
or great commercial center as rnea-
sured by other cities who bend their
efforts in these lines. believe that this
is well understood, although this fact
In no way affects our present healthy
commercial growth and progress or that
promised by the future.
The frank attitude Of President Tan
and the present Administration, 70 my
mind. has been of wonderful benefit in
restoring the era Of better things in the
Capital The Presidents announced
policy, following period OF depression
and uncertainty, undoubtedly had a
great influence.
Tariff Helps Matters.
The disposition OF the tariff question
is another thing that recently has helped
matters. The tariff is not what was
wanted. IL is true, but. al any rate, the
question Is disposed Of and every ons
knows now what to depend upon. II
is the uncertainty Of things that causes !
hard times Whatever the duty may
BE- the merchant and the consumer is !
no longer In darkness, and can lay his |
plans accordingly. The final settlement
OF the tariff controversy and its effect
upon business conditions could be read |
iy appreciated by those in the banking
business"
Mr. Lynn's remarks concerning the
confidence with which Capital mercan- |
Tile houses are ordering goods at this
time' have been borne out in former in /
terviews with some OF these. merchants
themselves which were printed in The
Llmes- II prosperity were not here. saw /
those who know, the merchant v,oI,id
oe foollsh 10 buy freely because of the /
imposslblity OF selling. The knowledge /
tnat times are easier among the masses /
generally. and that money Is ciTc1iIafi,,, /
N greater quantities than at any time
since the panic, is regarded as conolu-
slve that the day Of further commercial
ana INDUSTRIAL progress has arrived I
bothin the Capital OF the Country ana |
Throughout the country at large