The Wallace miner. [volume] (Wallace, Idaho) 1907-current, 1919-02-27
THIS SUMMER WILL SEE
BIG BUSINESS REVIVAL
NANclAL WRITER AFTER
INVESTIGATION


ten by James ID. Crowley, a well
known Boston broker and financier,
predicts a peace boom" which Is due
to be in full swing by the midsummer
of the present year. Under the cap
ton of How and When VIII This
Peace Boom Start" Mr.. Crowley out
lines program that sounds good, and
his reinforcement of the argument has
a ring of sincerity to ii that Is stimu-
lating.
"As to how" he says, "the psy-
chology of the situation, the univers-
ally present American optimism, is
the fundamental answer. A period OF
expectancy 'prosperitywardS is now
working and will soon advance from
the half speed of the after-war days
to the full speed ahead of peace
times. There is a ruling, regnant
spirit of hope, optimism and prosper
ity abroad in the land.
"The file leaders and the rank and
file of the American people today are
sanguine, optimistic talking and
breathing prosperity. Not the imme-
date prosperity of initiation, but a
quiet contained feeling of confidence
In the outcome Of things notwth-
standing the clouds that hang around
the horizon
These impulses are being reflected
11xt ha int ri
newspaper articles by the leading cap
tains of industry, bankers, university
professors, statesmen and men in
high places throughout the nation.
ton Hepburn, chairman of the advis-
DRY board of the Chase National bank:
II am an optimist and | do not think
there Is room for any one but an OPP
tlmist In this country. | look for
continued prosperity"
Judge e. III. Gary, chairman OF the
United States Steel corporation, says;
II look for a protraction of fair bust
ness, with increasing volume, tending
toward great success and prosperity"
Long Period OF Prosperity.
George M. Reynolds, president of
the Continental and Commercial bank
Of Chicago, says: 'fWhen all things
are considered it is reasonable to
suppose that there will be long per-
iod of continued prosperity"
Frank A. VANDERBILT president of
the National City Bank of New York,
says: I'm the. long view I look for
long period of great business and 1t
is a good policy to plan for that"
These opinions are substantially in
dorsed by William A. Low Of the First
National bank of Philadelphia, Thos
A. Edison of Menlo Park, Brig. Gen
Thomas Trip, chairman of the board
of directors Of the Westinghouse
Electric and Manufacturing company;
John Shelton Williams, comptroller OF
the currency; Thomas e. Wilson, OF
the Wilson Packing company, j. Og'
den Armour of the Armour interests
w. B. Dickson of the Midvale Steel &
Ordnance company, President Farrell
of the United States Steel corpora
ton and John G. Jones of the Alexan'
der Hamilton institute.
This volume of testimony from mer
of highest authority points to th'
coming of the peace BOOM Mr.
Crowley writes, and reflects the state
of mind prevailing among the people
OF the country from the gulf to the
lakes and from ocean to ocean, ane
In a concert pitch sounds the affirm
alive from the highest authority.
When II Will Come.
AS to when" the big prosperity
will start, he writes:
'qThe time of the arrival of the
peace boom is more difficult of def
milton, but, like the how it is also q
question that is more or less wrapped
up in the psychology of the situation
The period of adjustment necessary
to bring this boom to pass has beer
fairly entered upon and in fact at this
date 1t is in a more advanced stage
than most people realize, This ad-
justment is gathering momentum
from day to day. The accelerator is
being opened wider each day and the
speed of the movement is moving VI
fast.
Problems we will always have
like the poor. and some other people
they will always be with us. The
money supply problem, the labor
problem, the railroad problem, the
price of food problem, the socialistiC
problem, the bolshevik problem ant
the international problem-all these
are truly of pith and moment, ant
dominate at this time, but problems
are not new to the American people.
I'VE have been coming through
them for many years, many Of then
as hard and difficult to solve as these
none of which were insuperable OBJ
stacles in the way of the American
people, and without doubt these sup.
er-problems will eventually be SOLVED
also and in their solving there will bt
nothing placed in the way of the com
ing peace boom In finances which will
be required in part in the process"
In Early Summer.
In a strong recapitulation the pres