The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1921-02-03
FIRST SHOCK OF BAD
BUSINESS is CLEARING


Although the general business -sif
uation aas changed sai nisle durini
the Iasi mnnFAs. there are proaoun nce.
indications Eha. ihe first shock q ~
present depression is over in ih'
opinion Of Archer Wall Dou-i4s
chairman OF the Committee on ssa'
iistics and Sianaards ot sae thanoei
cf Commerce of she Cnrea sia.as
IN his rsonshiy ne7pri on business con-
dNions. ISSUED hy The Nations Bus
sness
The mos, cheering snd aopeluI
feature o. the situation is he fast
spreading realization that what We
are soins Asough Is the only possible
way 10 seat us The Indispensable
need ot hard. conscientious work.
lpaie iAon -hi Of obligation 10 cur
TASKS. and setting BACK once more to
those enporary lost arts 81 sales
niaasaip OF common sense merchau-
dising. Of economical. eiliMens pro-
duciioa aaa als,ributoa saye Nr.
Douglas
0niy ihus can We e5te service ln
every phAse 81 national life The ran-
roads have St, the exa anaie o. re-
;rencAmeaf by company. by team
work. and by iAe best service iaer
have siven 10 years sn that S.
what o7erv other business viii Rave al
do If il is ia save its soal alive
Automatically eYervw hore nreAae-
iion IS adjusting itseif So demand
This graase has finally reached iae
iron and s.eel industry aua s. scu-
erai throughout Industrial ife Tex
tile mills GOT theirs srst ana con-
sequen;'y because q lower costs 81
production seen tarthass advanced an
tee roaa to realias'm ai AN iAs
writing more %, rhem are reslm ne
than shutting down Aasos sicaAy
the situation iaad 81 usre
normal relation se.weaa saaqis an4
demand which means ihe solution 8.
many oa oar nsb'sm
"Deslers vao on 4,las aarsst
are cndcavorinc t0-sfn orlv a r
prices they paid rather -haa on n-
slaccmeut coefs are t9olas oah
themselves as fn iheir abiHg e
away wiih i IS a-e also those ma u-
fac'urers who haee. eia aars's reasons
why they saauIi maintain war prices
indefinitely The sooner Rihin q
reasonable tine .bo,h of iham iaFe
their medicine she sooner we ~. re-
turn TO normal times
THE general ihoushs of business
men esernz here is fast crystahl.ng
into the resolve TO nnd some way ous
OF the difficulty. some method 20 cline
in with the operations of those nsiursl
laws which musi finally yos@ oal the
complete solution q our numerous
problems Unfortunately fhe remedies
so far proposed in Congress arc mere
Temporary expealen;s 81 Nhich il Is
doubtful whether they win even aC-
conp.ish their passing purpose Tas
fundamental suunlness q ihe sii4a-
tion Is widely felt The geaersi men
tai a; i,nds. waile recognizing Tia
completeness ct the collapse 81 lniia-
tion. percleves that Il was not only in-
eNiiable bu, necessary before a more
enduring basis could BE reached. This
IS The basis for ths; widespread un-
dertone Of confidence in the NOT fai
distant future Alsays provided o.
course that We work oat cur saliva
tiOn wih common sense and judgment
rather than with fear and trembling
There is much surface bat offer
superficial o11imism as ic the neal
future. as = good deal OF ). is abviousl,
intended Tor public consumption
Some o. It. ieo. would be more con
vinciag Il !, did mt cone from thoss
who live in financial atmosDher'
and have scant personal inowiedse O
actual conditions prevailing n ha
vast stretch of country oerond n
ken Of those in the great oonges.el
cen;eTs THAI so many. living in n
scenes OF staznant trade and los
prices Of farm commodities, st.iI haf'
Reasonable confidence n fhe tusur'
IS the hest assurance We have II III
belief giu -eoroio-icsl ishr2sel iha
the center Of the depression IS nor
passing over Us
TO those who ssiil seek eomfor
from that ancient fesisA. he gyrz.ioa
OF the stock market as propAesyin
the fupre. all they hare % do 10 2
disiIlusioned Is 70 contrast the carve
OF twenty i1dastriais and twe1-y rail
reads during the 4As. fire months I
see hox utseriy al cross purpose
they are. snd acw iirtle they indies'
the actual situation. Whre in6usl-il
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