The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-02-07
BUSINESS TONE NOW
is FIRM, SAYS MEYER
Director Of Maxwell Company
Halls Ending Of "Big
stick" Period.
"MOTOR TRADE DEVELOPS'
"Passing Through a Period of
Trials Naturally Incident
to So Rapid Growth"

"presidcnt Wilson's words are taken to
mean the end of the big stick period in
politics and the dawn of an era OF better
understanding between Government and
business" said Eugene Meyer. Jr., a mem
her " the New York Stock Exchange
board of governors and director of the
Maxwell Motor Company. in Detroit at
the auto show there. There Is a great
change FOR the better in conditions In the
East. The previous extreme depression
was due TO unwarranted pessimism and
the lack OF faith in the ability of the
country to solve it's problems.
European money was driven out of tho
country over three years ago, and since
that time We have had no call from Eu-
rope for our railroad bonds and stocks
Politicians have exploited antag onism to
business, but 1t now looks as though the
wise politician sees something of po-
Ntical wisdom as well as sound sense In
The more constructive attitude The
change in tactics Is restoring confidence
To get money Interested. you must assure
Il that a fair return will he forthcoming
IN the future We should assure rail-
roads and other business ventures that a
fair return will result from an invest
ment.
president Wilson has sounded a note
OF optimism and II has been heard the
world over. He has said he would pun
sh the individual rather than the COM
pany or stockholders, where wrong has
been committed. He has thereby shown
himself TO be u builder rather than a
wrecker.
Due to the big stick attitude of past
years We have failed to attract capital
Europe will not invest its capital IL 1t
,.t,s-,
shaky. Money that should have been in
vested in the United States the last three
or tour years has been going to other
countries. However, easier money mar
kets in Europe and America, combined
with expressions from Washington. show
ING "a reasonably fair attitude toward
business OF to-day. are having important
and prompt results.
IF we want capital we must go to meet
Il; We must assure money that safety
Les in the future Assure investors that
they are certain to reap "A fair return
and they are entitled to no more--on
money invested and you al!ay all fears.
In other words. YOU do away with panic,
and panic is nothing more than the ex-
preston OF fear"
In touching on the motor business Mr..
Meyer said
The motor business has been passing
through period of severe trials, as is
rapid growth. The New York people
Identified with the Maxwell Motor Com
pany are following its affairs with the
rlosest interest We consider the way In
which our business is growing now and
he outlook for the future extremely
gratifying We know our product is all
so.utely right and We believe the market
Tor IL is practically unlimited"
sales of Packard cara last month. the
factory reports. exceeded those of any
January since the company began bust
ness These were distributed about equally
between the So and As six cylinder models.
Packard dealers in Cincinnati, Syracuse
ana Amsterdam sold their entire allot-
nents of the A. model before the arrival
o. demonstrators. the factory announces.
In an attempt TO settle the status OF
The automobile dealer who makes trades or
Sells used cars AN appeal has been made
70 the CORPORATION Counsels Office to de-
serininc whether or not such tradesman
10 a Junk man and has to take out a
second hand dealers annual license. which
costs s2j. Tn. automobile men in this
city who make swaps for cars and sell
them afterward as used cars received
notices some time ago from the Bureau OF
Licenses that they were supposed to take
OFT licenses. The case of one OF them
VAS brought Up in court yesterday and an
adjournment was got IN order TO nave the
Corporation Counsel pass on the case
charles A. Stewart, general manager
o. the Automobile Dealers Association.
urges all dealers who have been asked
TO take out licenses to wait until the
opinion has been got. II lie understood
the association purposes to fight the case
as far as is necessary.
Green's Purchasing Agency, which dis
trout"s Metz cars DIN this district and
handles other makes, has moved to new
quarters AZ Sixty-second street and Cen
''sl Park West from the store formerly
occupied at 1901 Broadway.
l. y Van Patten. Saxon distributor,
fis word from the factory that demon
strat.aS car is on the way. II should be
ae-" by Monday next. Van Patten has
been making sales without anything but
photographs and descriptions, 80 he ex-
poets 10 do much more when the demon
s'rator gets here,
There seems to be more than a little
ground FOR the objections OF the Man
Rattan Automobile Club to some of the
statements made by the National High
ways Protective Society. For instance.
u vas announced by this society that
New Workers using 1913 licenses on their
cars would be arrested In Connecticut.
even though they Were, unable TO get 1914
licenses supplied to them In this State.
TINS, II turns out, Is not true. because
connecticut has recognized the situation
here and viii hold of until February 10.
Nn"n our plates are to be distributed,
Ms'nfUrmation that only startles and
alarms the motorist is hardly highway
Protection. In fact. II doesn't appear to
:" any part of the socety's Job to at
tempt ~ give such information. II looks
If" Just trying to get into the foreground.
liYthcr society which Is making "A bid
'o' r'tl'" proposes that there shall be a
N'''' court, This IL not new idea, by
ans means. II was suggested IN THE SUN
VT tI" winter Of 1911. and since then has
"'1 take" NJ 10y the city OF Chicago,
ll' had such a court in operation
year or So