The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1920-12-19
BIG BUSINESS LEADERS LOOK
FORWARD TO MUCH PROSPERITY
DURING NEXT TWELVE MONTHS
Period of REIMBURSEMENT Almost
Over. They Tell Each Other
nc Conference.

WANNAANANA&AMN ~ Ne AtNs
Than = return a. an era % substantial
s.rssperity throughout the United
sfsiaa IN riNht AZ hand seemed 10 BE-
- almost unanimous opinion of d
afeap % big business men. leader
r mpitmi and labor with large vision
We attended here the second annual
teanlon ~ the war Industries board.
IL reunion was attended hy about
! sgndred uf the nation leading bus
lnem men who served the government
IS sieilar i year men during the war
hnd returned here after a years a.
ieation a. peacc-time problems thor
oaShiY convinced that elements that
lnaae Amcrica lndusfrially tHtronE in
nar wlll make her equally secure and
prosperous % peace.
me re.adlumtment period e. almost
- these men declared. and right
ahead ~ conservative return io busy
mills and factories amnle employment
ana prosperous times
aaniei willard. president - the Bal
iign0re ard Onto railroad. IS one ~
ne former war industries hoard mem
hers who stated his reasons for be-
iieVinK that tho nation VIII soon be
restored to 4 sound economical basis.
Ia thia country We have everything
Ne need said Pres willard we
have uot been crippled ~ the war.
We have NOT passed through any dis
aHfera We have not lest IA million
ueu. We produce more than any ma
fl0n ln lhe world We ARE the richest
country on earth and have the small
eaf debt WIN al theses faNara max
Ing prosperity UhHi reason can thero
be- Cor neaaimism
The railroads have not felt any great
recession of business and do mot anti
tinato any. FIRES. willard continued.
yes said that thn amount pf business
handied - the railroads in the first
y eak 80 December shovel q falling
rft 90 uuiY 90 per cent a. compared
with thc greatest volume ~ business
tene ln any Weeh ~ the transporta-
ZION systems
There g. a. transportation short b
nme." hn said There IA 4 large sur
plus ~ hos ears and the railroads are
generally able els handie an business
offered
Referring - the Increase IN rail-
rad rates Pres. willard said he con.
Aasrcd thst the rates have been adj
Busted fairly. hut that the public
should bear r. mind that thia Increase
Nta oniy from 80 20 GO per cent where
lhe railroads have stood an Increase
~ 100 per cent N their payroiis
RI e. Powell. vice. president ~ the
fFls system agrees with Mr. willard
lhaf the outiook fur the railroads q
toaa. and that readinstmont ~ the
m1hoad problems viii be made
thgauNh orderly processes
TIE railroads have been buying
Afar supplies all along and win con-
finae - buy" he aald The rolling
sfuas Ia iu much better condition Than
& ~ been nt any time since the war.
me Improvement wili continue Ia this
lHestion.
willie confident the nation e. in no
danaar ~ Industrial ataRnation Alex
Nnaer Fnwnn. general manager nf the
intefnafional Harvester Company, aaid
~ fplt conccrn for the farmer who
- ~ the eountryss Industrial factors
~ aid hna been hit hardest bv pro-
eesses - adjustment
Warmers commodliiea. said NJ
f.nkee have declined 90 per cent in
galae II 20 daya Thin - the most
drastic slump that has come in any
Hne II has ieft the farmer 0azea
Relief viii be gradual. hut % will come
along substantial ana enduring lines.
n All come through % broadening
~ che market FOR farm produce
Bernard a. naruch. former chair
mar q the war industries board. also
talked IA an optimistic vein
Capital usually a most fearful
4. aen veondlllnnu arr safest Was his
Observation. sCapital was confident
when pricea were hiwheHt and condis
lions most unsatisfactory You win
recall that predicted aHt spring there
would - q hrrak in prices u has
eamm ard the nation has endured
think We have PASSED through the
wasmt ~ our troubles. pesnlmism Is
uverdnne. There g. nothing o. pre-
vert ire country frnm experiencing
nfusmrlty
tluwh Fruynr. labor leader also lined
10 With the conservative opiiniHta
"ba net try q bring waNcF 80 labor
acwn. bat cali FOR fun sofvicra." said
Fraynr "Hg Increasing production We
nught q b. ahle % hring prices down
ara keep waRen up"
= Leonard RepoRie. who WAS dlfec~
tuf ~ steel supplies during the war.
khlnks the nation can look Tor deeid-
tdly better business conditions IS
Anfi 81 May
rhe railroads can materially oxped+
fe a. return 60 normai business IL
mes VII - into the market now and
pafeAaMe % che limit 90 their ability
ne supplies they require he said