New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1919-03-09
Credit Expert Finds
Business i'm Serious
But Hopeful Mood
Merchants in Agricultural
Sections Are Carrvin.
Stocks Costing Above
Normal, but Financial
Strain l. Lackin,
TELEPHONES:
Beekman 5000
Beekman 82l3

J. II. Tregoe secretary and tre....
er Of the National Association -,
Credit Men. who. because of his no.
ton. gets view of business cora,
tons throughout the United S,.,..
from the inside rather than observ;n.
them from the surface, says that NO"
with whom he has talked and had coz.
respondoncc take d bright view Of II.
future They sec no cause for ala,,,
through the readjustment period Il !,
Nj. Tregoe's firm belief that with
confidence. cooperation and saving III.
business situation viii work out ssti,.
factorily to all interests.
Since last November this credi. -,
pert has travelled 15.ooO miles. cover
ing the country as far south as Toy..
and as far west as South Dakota. vbs
opinions which he has formed ON bas
moss conditions have been tho rcsu,. -,
his talks with business men in the ~
ferent localities he has visited and ~
correspondence which he has had w;,L
the l25 branch bodies Of the Nst,orn
Association Of Credit Men. these locai
organizations being scattered throne
out the United States.
here is no reason Tor alarm h.
SAID Yesterday The biz nroblon'r
which we have to face are prices aml
labor, and what may be done 10 kcen
the channels or business free from
clogging and maintain our lets o.
spirit. The decline IN certain corr.
mod ties may work some hardsh,n
where stocks were unusually beav,
The payment of 4 large war tax and
the new Victory Loan may cause some
credit disturbances, but considering the
great adventure through which we have
passed and the problems Of the read
luStment period we have been very
Fortunate.
strain may occur. but il people will
De CohAden' cooperative and saving We
shall WORK out the problems confront.
ing Us and bring prices and business
to a normal and sound basis"
Business Men Serious
Mir. Tregoc has just returned from
trip through the agriculture states
OF the est Minnesota. South Dakota.
Nebraska, Iowa and Missouri. He
spoke in glowing terms of what these
states arc dong and the tremendous
asset which they represent to the coun-
try as whole. He said that he dis
cerned IN his conversations with bust
ness men in those states that tnev are
serious and desire to know what nirbt
be expected Of them
- 4i-f:9tr south Aol,o+o o- m ,If,,..
ton, he SAID at is marvellous how
the state he's prospered in re-eQt
wears, and those on the Atlantic sea
board cannot appreciate the wealth and
developing powers of the nation until
they have seen this Fart Of he coun-
trE, whose history is registered By
generations, and not by centuries.
The productiYcness Of the soil. with
the high prices. has brought prosperity
in wonderful measure Land that
was bought from the government d
quarter OF century ago al few dol
lars an acre now is bringing from SIS
to $3.50 on acre. The Indebtedness on
the land must nave been decreased
through its income production, and in
commercial matters the stocks of mer-
chandlse are not above normal in units,
but above normal in cost.
No Strain on Credit
Indebtedness for merchandise is a
little below normal al present. and
there is 10 element Of credit strain m
TINS country, nor any reason why the
REIMBURSEMENT period should rot be
passed through successfully. 1t VIII
if The people maintain their composure
and GOOD sense
Unemployment in these states is
not the same problem as in industrial
states in other parts Of the nation The
increased bank deposits and buying
power reflect thc prosperity.
" can be grateful that this newer
part OF our nation has forged ahead so
rapidly and proved its ability TO con
tribute to the national wealth There
was discernable a seriousness among
business men concerning the future and
a desire to know and anticipate what
might be expected. This Of itself Is a
good omen.
There is genuine love for the IA on
IN the states and desire to assis. 30
the solution of economic problems
And. IN addition to It's increasing
wealth, we must become aware Of the
splendid man-power This reflects the
traditions and training OF the Eastern
seaooard"
Mr.. Tregoe starts to-day on trip
Ohio and West Virginia, which