Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1914-10-26
BUSHES IS NOT
AS STAGNANT IN
-ROSENWALD.
President Of Sears, Roebuck
& Co, Draws Comparison
Between Conditions of This
Section and Chicago,

business Of the west has not SUI
fercd like that " the Chicago section
This was the observation Of Jnliu,
Roscnwald president and genera
manager II Sears R0ebuek q Co.
who, with Mrs. foscnwald is visiting
Mr. and Mrs Ivan Grunsfeld Mrs
Grunsfeld and Mrs Roscnwald are
sisters.
MI RoaenwBld's route to Seattle
was through Kansas city. Denver and
Salt Lake CITY Ho came here hy way
oi san Francisco. This gave him an
excellent opportunity TO observe con-
ditions In the west From here he
VIII 20 To Dallas, Tex whore another
branch is located.
The state OF business liz consider
ably less indigo in the country have
been travelling through than 1t Ia In
Chicago, said Mr. Roscnwald last
night 'Our branch at Seattle il the
only one OF the three where business
has gone ahead The third house
referred To by Mr Roscnwald in this
statement ls that at Chicago
Expects Worse Conditions.
Mr. Rosenwald explained the diff
ference IN the conditions in these two
sections Of the country with the state
mcnl that The industrial communities
naturally would be more affected
than agricultural or stock raising dis.
trlcts
The prime cause of the whole con.
dition.t continued Mr.. KoscnWnld. aia
the hack Of thrifi among the Amori-
can people. The average man spends
every dollar he earns and the minute
he is out Of work or takes sick ne il
down and out / see no immediate
remedy Tho condition probably will
become bad enough so that they will
learn to save Some isolated cases
undoubtedly Will show Improvement
and some isolated communities will
prosper but not the country as "a
whole until this change is bfough,
about
NJ Benefit In war.
Mr. Rosenwald does not believe the
war viii Improve conditions
iisatlNa He pointed out that bv /
he sending Of Amcrcan-made prod I
icte q shortage would be crcated al (
lome and the price consequently
would go up
The business of Sears. loebuok a
@. for the Year ending December 81
NH be- approximately 100000 600.
MI toscnwald said Last Years bust
icss totalled $4,000 600. Most Of tho
iain was made IN the early part OF
his year, he said There was some
Increase IN September. he said. In
'ulv as compared with July a year
gu. there was decrease. but laai
august showed an Increase over the
corresponding month of last year
Mf RusenWald Is one Of the wealth
eH men In Chicago. tie paid the big
.rst Income tax IN that city lie IL "a
urge contributor to civic. educational
nd phinnthroplc enterprises. on his
oih birthday August ~. 1912, he
made gifts totalling sGS5.00O
Si0u.O00 10 " VI. &. rs.
january |, ials, he offered 50. ooo
"Waid the cost of a Y NJ. G. A. build
ny Tor eolufed men and boys in any
itt ln the United States which raises
~ popular subscription an additional
um Of fte,p00. As result Of The
'tfer about $1,000, O00 has been sub
'ithrd ln ten cities Wushington
Philadelphia. chicago and fndianap-
ms have complied with All conditions
hd nave been paid $4,000 each.
since September, 1919. he has
qulpped sin free dental inflrmnries
M maintained ten such infrmanes
i Chicago publit schools
-. h