Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1921-01-01
BUSHES, S,
FOR 1921 ROS
FINANCIAL EXP
New Year to See Rea
mcnt Along Sour
Lines.
ERA o! DEFLATION ISa
VALUES TO BECOME Isl
Some Commercial "Sore
Remain to Be Looked
After.
AMERICAN SPIRIT ADAM,
Judge Gary Says People of l
States Always, Overcomd
All Obstacles.
AMERICAN SPIRIT ADAsIa
tBy Universal seryice.l


and business stress of tho De
months is definitely past
There are still n good ma
spots. but they are being gr1
cured. and the outlook for 19
Gates that a sounder and more
business condition has been
Reelection in commodities
q severe task TO many mcicha
loaded up at high prices. but
is well on its way and resultfd
healthier business condition. dtir3
the coming year. SS
These are concluslons reached9
general inquiry made of flnan4
and business leaders throughoutgkh,
United States by Universal Seryfca
Their expressions follow:
Judge Gary Confident.
Elbcrt IL. Gary, chairman OF
board OF directors OF the United ST
Steel Corporations: -
Il am as hopeful and cann,
the future rs I have been Mt nny'tiimSftt TINT
Conditions are no verse than mniY,
months ago. The wonder is that az
nave not been much worse
Conditions are abnormal. ands
me minds of thoughtful peopld
distorted. This, OF course, is a
suit CT the terrible time we hayo
passed through, / wish to referf
ticuiar!y to the United States
our own situation-our opportN
and prospects,,
Il have before referred to the ptl
ticulnr resources OF the count9
Others have frequently done this, q
the ir'wspapers have published "a
and hgures. In addition to these
have the spirit and determinatfof1s
overcome all obstacles to the gre
est success"
n. \. nanltcr optImIstic.
Charles II. Sabin. president OF
Guaranty Trust Company: s
Those who are most closely stu
ing the existing situation feel "
the turn of the tide in dccliningS Spri
and liquidation is very near.
Although there are many reai .)
ments from the effects of war
be made In tho months and VI
come, they believe there II
able assurance OF u returz
business conditions. stall
easier money, and large,
portunities.
1T should be u sourt
lar congratulntion to IL
American financial instit1
whole. arc on sound basN
prepared to meet both t.
the situation raises q n
tunitics that are certat
Copper MnRnate PIS1
Daniel Guggenhelm:
The West has great fut
tai faith In Americas future, Al
there is considerable unempf5
/ have found that 1t is chiehy
the rowing class. The good
married American is holding sRIss
and has saved money" 60
WarburE Sees Trade Revival.
Paul NJ. Warburg, former chairrnj
Federal Reserve Board: z
IF actual peace is establisheds
Europe, II tho obligations Sof a suI
virins and recupera,ing sGermaiI
VIII prove an asset of value inNff
balance sheet of her conquerorss "a
Il, at the same time. poiAIcaEs Nf}
social order in Germany will sxert$it
healing influence in Russia. the NV
est point will have been reasheds E dS
all the world will soon BE-
uphill grade.
That will be the nom len a.
may throw our weight intoa{hk
and tip them from despondehd
courage and cheer. 1t ls them
ambitious plans of relief may scy
into full fruitIon. and that the swoff5
deadlock in production and trads
may be broken" 81 s.
National City Head sanEuinaS 54l
j. a. Stillman, president NaEsnnS
City Bank of New York: " iS;assi sasSSi
The existing state of bustiie 50 III
preston over the world is the ratnrE
result of the low purchasing poW{E
OF tie populations of Europe aa a{s
fected by their disorganized Iiida8
tries. 8 4 ,4SSS ssss$
European production will ha;vef5S
be revived, and the Industries af III
world brought back into balancsyh{
fore state of general prosperity,$cAN
be re-established. Prices which Shaffj
fallon TO approximately pre- SsWl
\syels may be preeup,s3