The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-06-08
THE CHANCE is STALKING PLACE
CETEXCITED."

TIME above h the title of a trade circular letter lust issued by one
of he great automobile manufaeturins companies, While the
folder itself Is devoted principally 70 the automobile trade and
applies 10 general business and to the somewhat 6ystericai attitude Of
many people toward the business outlook that the portions reproduced
below are believed worth careful and thoughtful reading. The cir
cnlar Is principally a qu"taiion from an article in Motor World
The day the big war stopped we ali began % talk about recon
s3rucfion," says this article. While some folks talked the sutemo-
industry hack to business had gone on with the shows. and the result
was a stabiizing influence that worked a wonderful benefit to the
Ever since those days demand has been ahead Of suppiy-and
But all the time it could be seen-and seen plainly-that tNre
was coming a day when some sort of rcadiustment would have to4be
hus for months Motor World has been advising its readers to get in
shape 20 meet any situation that might arise.
This situation, by extreme pessimists, was predicted as cue in
which everything would go to smash. Others, Of a more optimistic
nature, foresaw IT as a mere slaekening Of activity
''But the fact remains that high wages and higher prices, each
viciously chasing ahe other around IN a circle, and credit and expan.
sion going on and on, could not forever continue We must some day
reach a point where we must sit down for a few minutes and take a
zone Of the wisest of economic staiisteians said there would be
some changes in business by autumn Of the present year, and thereby
1.-THE story is this If things went on as they are going today
the banks, who are the beginning and end of most business activities
have decided that they can ameiorate conditions by taking hold OF
the situation now instead of next fall and easing the adjustment
through instead Of letting Il come with a bump later on Wherefore,
Che banks are saying % al business Una. u isn't wis 70 o1rr9w srssi
IF YOU have a real, legitimate reason for borrs wing line 20 ahead
But il there is any question about il, hold of Ter a while and give us
That's what all this bank restriction means The hanks are
asking searching questions Of all those who want to borrow money ia
order 20 sort out the very necessary loans from the less necessary
loans and lend the money where it will do the whole country the
what has caused some agitation in the automobile trade is tina:
wartime story about the motor ear being a pleasure ear and a lux
urs BY the time he gets through hearing from a flock , Si suos, sl "a.
the limit in helping stabilize business but II wont for ore mngt,
stand for being cassed with French perfumes and scented 'ohe
aTbe banks, or any one else, can have our shirts for the asking
IL they are needed-but they cant do much except create opposition
Z they start making uneomPlimen!ssy remarks about eo IKE ,So s' nSi1
Swherefore, the thing for every motor ear dealer TO do is above
all things keep his head. Don't get excited, no matter what happens
The world is not coming to an end, the industry IS not gong. to D