The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1915-04-17
Business Is Normal and
Money Plentiful for All
Purposes
PLANTS WORKING
ALL MEN AVAILABLE
People With Money Unable to Place
It-Sale by Kyle of His Cooperage
Plant Significant Trans
action of Week
BY CLYDE w. ENNIS

i
| If it were possible to find within the
vast confines of Birmingham a real
honest-to- goodness pessimisg, that per-
son would find solace for all imaginary
ills and would become saturated with
optimism by visit to Gadsden.
| OF all places where there abounds a
rarefied brand of downright optimism
Gadsden certainly should rank "AAA-1"
as Bradstreet's would say. That bust
| ness in that city is absolutely normal;
that the banks have wonderful supply
of funds and that during the summer
there would be most unusual surplus
of idle money there. is the very SAN
guine statements with which one is
held at bay while passing few hours
| In that most engaging community.
Gadsden has long been held in the
highest esteem by the peope of Bir-
mingham and the remainder OF the state
and the remarkable growth of that COM
munity has not been without the notice
and the we'll wishes of this community.
However the fact that Gadsden can
furnish for the tired business man"
surcease from city worry and bring
him to a point of unruffled calm is
perhaps less known than the other
good things of which that city may
boast
Hotels Are Crowded
| At the Printup hotel, operated by
Adolph P Reich, than whom there are
few more popular men in north Ala
bama, it was impossible to secure a
| rfr he frs fax ,1i oh c If
week. And there was no unusual gath
ering there which would cause such a
demand for accommodations over night.
On the other hand assurances were
given those upon whom good fortune
did not smile, that business was get
ting back to normal" Capacity houses
it may be assumed are normal times at
Gadsden. And on account of the crowd
Mr.. Reich thoughtfully left word that
If any of his many personal friends
came in late from the outside to utilize
! his room for them. There he orders up
a banquet for so persons without any
| hesitation or fussing. 1t is all part of
| the situation.
1t was related to a visitor to Gadsder
yesterday that the Gulf States Steel
company is operating 100 per cent and
has orders on hand which will necessi
/ tate constant operations over a period
| of many months. No disclosures are
made as to the source from whence
comes the excessive business. The Eu-
| ropean situation is referred to cas-
| ually.
The banks, it was noticeable, were
| open to pay the many who besieged the
| n OF u-1,i ban ba nf
| the Gulf States. 1t was suggested that
a run was on but assurances were given
| that only the normal crowds of en-
ployes and others were getting a biz
of change. Snowden McGaughy, whose
acceptance of the presidency of the
Jefferson County Savings bank has
caused intense regret in Gadsden, stated
yesterday that business in Gadsden is
absolutely normal.
He said the situation was much bet
ter than in any city he could name. He
suggested that few communities were
| better or when it comes to prosperity
and happiness than Gadsden. Mr.. Nc
Gaughy was in Birmingham yester-
day.
As for loose money, that enamoring
| commodity that is will the wisp
| to most of us. it was stated that in
Gadsden there was perhaps more idle
money than any community in the state,
| c. w. Greene. we'll known and greatly
| esteemed citizen, and John Paden both
said yesterday that they knew of per-
sons there with money that had tried
without avail to make loans of large
amounts. He said that every cent Of
fered was local money. and Mr.. Greene
said he had tried diligently to place
some of the funds but could not find
anyone that desired to make an offer.
He also stated that during all the
! hard times that we hear the large
cities refer to | have yet to see a real
downright bargain offered in Gadsden
business districts. do not mean to say
saleable properties have not been Of
| fered, but / mean TO say that no offers
have been made which we would term
sacrifice on account of the condi-
tions. That speaks well for the wonder
full stability of our city in which we
all have an excess of pride"
1t Is significant that a 100000 bond
issue was taken entirely by Gadsden
bank recently
| Tracey Holingsworth, who heads one
| of the best banks in north Alabama is
| just as optimistic as others. He does
not shout his opinions from the house
tops but he believes in Gadsden, as does
everyone there.
II do not hesitate to say that more
money is quickly available here per cap
| tia than in any city in the state" he
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