Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-03-12
4TIONPROSPEROUS,
TALK OF PANIC IDLE,
a SSERTS X. II. COLLINS
~ Consumers Full Value and Labor Square Deal
nd Be Satisfied With Fair Profits, Cadillac Officials
Rule for Good Times Ahead

IopeF scu short on the United states
-Ifss tke eensumer Of the product hi,
asflsr's worth Of value.
~ ssttsned yourself with fair meas.
slss profit.
Give labor q square deal
4 These are the four great principles
Nfich, 10 practical application have en-
Ned H. ii. Collins, as president and
nera1 manager. 20 build up tho tre-
K Xond0us business OF the Cadillac Motor
~ Company. and have won for that
|tncern an unshakable public confidence
Its products.
Mr Collins is an optinist, In that he
UIievcs absolutely In the American peo-
u os n whole. Sporadic outbursts OF
nfest. OF Bolshevism and cries of irn-
ndine panic he treats as the cXcep-
- and not the rule. The American
kople. he says, if let alone, will solve
11eir national problems even before they
i've grown TO the proportion OF real
&oblems. ao answers radicalism with
he declaration that "Wo arc we'll
tsnfioned people"
h while many American business men
~ shouting for a policy OF retrench-
ert to meet the back-fire Of peace,
{r. Collins and his motor company have
nne steadily ahead with their plans to
&eet the inevitable peace-time demands
5r high-class machines. Panic IN thls
buntry, he says, If possible ut AL IS
l3n1ote. and he disposes OF it with the
katement that talk OF il is merely the
Xeraxe business mans lunch-time
4nusement and manner OF enjoying
yimself. while he devotes his busy mo-
&ents 70 "resuming."
H IN heartening fashion Mr.. Colllhs
Halyxes the whole business situation
nd points the lessons he has ura"l
a1prn his own experience. But rcau
khat he himself has to say on Back TO
usiness" and how good or bad the
}61ng is to be:
{Efs was a wise man--probably an
&ishman-who first said that most OF
- troubles never happen. And 1t must
3ave been. friend of his who added
=. sage advice. Never sell short on
be United States
~As a manufacturer, feel disposed
A face the future with both of these
baxjms in mind. The reason | look
brward with a feeling of confidence is
hat / can see nothing in the situation
IS warrant any other feeling. When a
Hation has most of the money in the
orld--metaphoricall speaking - and
he world owes It a heavy debt be-
les. should say that II occupied
= = advantageous position. IL you lind
4 ddition to this, that the same nation
4 on hand no surplus or oVersupply
4 ny essentials, it would seem to me
II this constituted another heavy as
II Looking around, / am not able
n nd that we are overstocked in any
II ag OF Observation-Disclosures 1t be
onotives or freight cars, wheat, fuel
Il what-not. In other words, II would
d X as though we were facing huge
ure with clean stocks and empty
elves, and an enormous capacity to
ioduce.
1--WE have had two magnificent crops
n succession, and are promised another :;
III -supply Of essential minerals is as
~ from exhaustion as ever, and bank
61ances and savings bank accounts are
rounting steadily higher and higher in
<3te OF the enormous popular invest
6bnt In government securities.
a No Causes for Panic
& rThis nation may for aught know
lass through another panic in years 70
! {lne. But as study the situation I am
Ia ced to the conclusion that if panic
Iyer does come, it will have to be pro-
ocedI by some new condition that does
ot now exist-by some cause that has
lever created a panic before.
sff / wanted 10 sit down and work at
I suppose 1 could have as many
oubts and misgivings about the So
allied reconstruction of America as the
[ext man. But, in the face of the facts
have just cited and a volume OF other
violence / cannot even touch upon in
bis review, am not able to bring my
(elf to the point Of doing it Moreover.
4 never did like that expression about
9cing crisis or confronting prob
m~s
<Ay experience with problems is that
~ cease to be problems as soon as
stop confronting, and begin to
UpIe Fortunately, most America n
(Aess men feel the same way, and not
u xoef that way. but act that way,
III Ms a great deal better. For in
nee, " is only few weeks since every