The Washington herald., 1911-01-08
BUSINESS OUTLOOK
FULL OF PROMISE
Auto Manufacturer Tells of
Good Times Ahead.


ness fundamentals as they exist at the
in store during the ensuing year for
every legitimate enterprise in this coun-
try" says r. E. Olds. the well-known
| automobile manufacturer.
Our farm products for the year 1910
in round numbers. exceed $500. OOO, goo
This is A per cent increase as COM
pared with ten years ago, and is greater
than in any year of the history of this
country. This vast amount of wealth
is now being rapidly turned into cash,
and through the thousands of well-regu-
lated banks in this country will soon
find its way into the legitimate channels
Of industry. trade. and commerce AS
Stunning that a dollar is easily capable
of changing hands a hundred times per
day. there is no gainsaying the fact that
the farm products alone Of 1910 have
! been sufficiently abundant to provide
:ind sustain a purchasing power that will
surely encourage the reawakening of en-
| terpriSc in 1911 that will surpass all rea-
| sOnable expectations.
THE railroad earnings for the eleven
| months ending November 30 1910, show,
with minor exceptions. marked in
crease over the enormous earnings for
which so far have reported for Decem-
Der, forty-six show an aggregate increase
in receipts over 1909 of Il per cent. No
better evidence than this could be Of
Tered TO show the wholesome activity in
our trade and commerce during 1910
fail to find much Of the so-called re
trenchment' in these figures. The facts
rather indicate healthful expansion, not
alone during 1910. but also for 1911
t.
terinS our business fundamentals is the
improved condition of the foreign trade
and commerce of this country Our Gus
toms reports for the year ended Decem-
Eer Il. 1910. show marked falling off Of
our imports and tremendous increase
of our exports, this being notably true
for the last six months of the year This
means that we, as a nation, sold many
more million dollars worth of our prod
ucts curing 1910 to foreigners, than We
bought Of them, and that We have just to
that amount increased our purchasing
power and strengthened our financial
and commercial position both at home
and abroad In other words. We have
our gross extravagances of a
year Or two ago by wholesome thrift and
productive enterprise, the benefits of
which will surely be reaped by those who
now have the courage business sagacity,
foresight, and determination to look at
facts as they truly are and govern their
acts accordingly"
BY the amicaDle termination of it's con-
tract with the Studebaker Company, the
Garford Company. Of Elyria, Ohio, will
present its product to the world under
its own name. For the past two years
the entire production of Garford chassis
has been taken by the Studebaker Com
pany. |
Two grinning and dirty faced fellows |
last Friday morning shot down Broad |
way. New York City, in a very much |
dirtier car. 1t was the Warren-Detroit |
wolverine which left the City of the
Straits on the afternoon of December 90 |
The crew, by herculean effort, made the
trip in few hours less than ten days,
establishing winter record be-
tween Detroit and New York in mid
winter.
The first day and a half out of Detroit |
there was nothing to contend with. ex-
cept the cold and frigid winds OFF Lake
Erie. When the men left Cleveland,
however, the drifts became SO Deep from
four to five f0et, that in two days the
car made total of twenty miles.
Christmas Eve saw the two plucky fell L
ows who rode in the Wolverine" snow
bound near Ashtabula. All day long |
they dug the little car out of first one
big drift and then another In places the
.oad was obliterated. The tonneau was
oiled full of planks and 2 by IS. whic,
Driver Bill Smith and his partner pushed
Under the rear wheels of the car when
,ver the latter dug themselves so far
nto the drifts that they could no longer
secure traction. II
Before it left Detroit the car was
,quipped with everything, from a pick
* to block and tackle. and the tourists
ound opportunity to use every bit of
t. In Ohio and Pennsylvania the snow
vas the deepest. but it was also great
truggle to get across the snow
'ound Montezuma marshes, between
and Syracuse. From Albany
o New York the run was made in che
mud and rain, great contrast to the
arlier days.
A new type Of automobile tire is being
Exhibited at the show in Madison Sduare
;arden. 1t is nearly solid rubber, except /
hat groove is cut In the tread, and an
ther groove runs around through the
Ire near the rim to permit the displace-
1ent of the rubber when the tire is
arryfng load.
s.,..,a... u,-..fY n co-.t.h,e.