The Bridgeport times and evening farmer., 1920-10-06

Credit was expanded to the breaking point.
 ''The credit deflation program has jared everybody. All are now ar ranging their affairs a saner ba- sis. I am of the opinion this rear engagement process will continue for the next four or five months, after which time business will go ahead on a safe basis.
 i've are planning for the largest business in our history for 1921. In the meantime both business men and the people will Hquidate much of their indebtedness and be in much better shape to pay as they go."
 MT. Charles P. Day, President of the Day-Elder Motors Corporation Newark, N. J., wrote on Sept. 3rd, as follows:
 The industry, as a whole- has been curtailed during the last three months. by reason of curtailed credit of banks. I think in a good many in stances these curtailed credits were i'll advised. ...-
 trucks and passenger cars in the country today than ever before. This business will be normal when it again gets both feet on the ground. I believe the country today is sim ply absorbing stored stocks of auto mobiles both trucks and passenger cars. As soon as the absorption is taken up, there will be no trouble Will DdHk1HS cTeullS anu eVSryDOOy that wants an automobile, either pas senger car or truck, will get it in a reasonable time, and there will be more of both of them sold next year than this year. The wonderful crops that this country has produced in the past year and the help that the gov eriment has given the railroad com panfes will be a large factor in mak- ing the automobile business larger than ever before.
 ''fTrha railroads do not for short haul, less carload, freight. It is ex- pensive for them to handle and it is also expensive for the shipper. It has to be trucked at both end with where as, one loading and unloading g and one trip to anywhere up to two hundred miles, will accomplish the same thing and accomplish it quicker and cheaper.
 '"There are too many proven facts that will bear out my statements for me to go into details. -" The president of the Buda Co.,, Har- vey, H., wrote:
 "I have heard from a great many of our customers during the last two or three weeks and I fully expect by the first of November that conditions will have adjusted themselves so that | the industry will be well on its way to a normal baSiS...
 ''The railroads which are operat- ing under a very great strain need and WILL WelCO1ne 11nIneO1dte re11e1. u probably will be years before they are again in normal condition for handling traffic Production is the | crying need of the day. It alone will bring down the high cost of living | But production without transporta- l tion is of no real benefit to anyone | Anything that can be done, therefore, l to relieve the present strain on the railroads and to get the foodstuffs | to the railroads is essential to the l country's welfare. Nothing can dc | this to the same extent as the motor | truck, in far as short hauls are | concerned"
 | Mr. F. R. Whitney, president of the l Commercial Truck company, manu- | lecturers of electric trucks, says: l q think the best answer that we l could make to your request for ou1 views of the future of the automobile l gently purchased 8 new manufacture | ing site and are now constructing g plant that will increase our manufac- turing capacity to about two and one half times our present facilities | ''Although our problem for some time has been one of production l rather than sales, one of the most en- l couraging events that has happened l recently, so far as we are concerned is the receipt of an order last week from the American Railway EXprdss company for ten trucks. This is z comparatively insignificant amount o1
  cerned, but when consideration is giv. en to the fact that they have ordered
 no new equipment for about two years we consider this order as very sig.
 nificant."
 MT. c. W. Nash, president of the Nash Motors Company, said: 1 The writer has observed after many years in business, that the mo
 ment there seems to be a little let UT
 in business, everyone begins to tall about the bad conditions and the frs
 thing we know everybody become.
 convinced that conditions are no
 good. Personally, I do not believ,
 that conditions in this country are il
 a serious way at all.''
 MT. Guy Wilson of the Traffic Mo
 tor Truck Corporation said: Fundamentally, conditions in thi
 country were never better. We hay,
 never had such bumper crops. Trans portation facilities are woefully made quate. People have the, money-the,
 need transportation. Americans hay, Q way of getting what they want
 They will buy automobiles an,
 trucks
 MT. Brarn1ey of the Templar Mo tors Company is of the opinion that