The Bridgeport times and evening farmer., 1920-08-13
NO PANIC
 MILLER SAYS
President of City Ma tional Bank Says That Hard Times Have AL ready Been Discount ed-Country Shy on Goods Which It Needs Waste of Paper.

Forewarned is forearmed I think people have already discounted hard times" President Frank Miller of the City National Bank told a Times man yesterday in reply to a request for his opinion of the business outlook. 50 many people, he continued,s1ra so many papers have been thinking and saying that we were going to have hard times that every one has been preparing for them and that very fact will prevent their coming. It is not the hard times which every one ex- pects which creates panic but those which comes suddenly and take men off their guard.
 There is little depression in busi- ness at present but nothing serious and nothing more than what ire quently occurs just before a presiden- tial election when people are uncer- tain just what is going to happen and 1t will soon pass away. The country is shy on goods just at present There are many articles in standard lines which can not be bought in the stores. In happened with me this morning l asked in one of our stores for an article which is regularly carried in stock and the merchant told me he dld not have it and had not been able to get it for several months
 This condition, however, will be remedied very quickly when once we get down to the business of making things and we must get down to it soon for people must eat and people must have clothes and people will eat and people will have clothes but we must keep an eye on Germany though, for over there they are working fif- teen hours a day. against a A hours a week which they are trying to estab- fish here.
 Did 1t ever occur to you that Ger many came out of the war better than any of the other countries over there ? She had no destruction at home; her houses and factories were left intact and now she is devoting all her mighty energies to production. While all the other European nations which were | in the war are bankrupt or nearly so she has no outside debt to pay for the simple reason that she could not bor- row except from her own people. T can see no reason to be anxious over the future. Place a good man in the White House, no matter what his party, who will manage things con- servatively, not too much so though and prosperity is assured, for this country is a wonderful country with wonderful resources and wonderful ability. We went over to Europe and showed them how to do things quickly and they are still trying to learn the | lesson. Then we came home and | found we could do the same things quicker than before. Not even the | billions of war debt need make us anxious for if matters are properly l managed the debt can be let alone and In twenty years the normal in crease of the country will pay it off
 You may say for me that in n1 opinion if instead of restricting the
 use of sugar, steps had been taker 1 to stop the enormous use of paper tc
 print the speeches of Senators anc l Congressmen and to send out tn,
 greata quantities of circulars and oth 1 CT forms of propaganda which fl every ones waStebasket each mornins
 a greater good would have been don, l and there would have been no pape, | shortage today"
 ''No, yours is a question no maj
 can answer with absolute certainty
 but still I should say, tell peopl
 don't worry."'