Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-02-02
DEPRESSION HAS
HIT BOTTOM IS
EXPERT VIEW
Nation Has Reached the Low
Water Marx in Postwar
Business Decline; Better
Times Are Predicted.
Especial Correspondence 10 The JournaI)

! Especial Correspondence 10 The JOurnalo
! New York, Feb. Reporting
maximum manufacturing Shut
down. minimum business activity
and extensions Of all sorts pract-
oalIy paralyzed throughout the
country, economic experts, who
have Just completed Il searching
study Of present conditions for
, downtown capitalists, deciuared to-
day that the nation has now reach-
cd the low water mark III post
war business decline, Since any
further recession in commercial
activity would amount TO utter
stagnation, these men assert that
from this time on things cannot
grow worse, and must, therefore,
grow better. Although many IL
nancial prophets pretend to see in
the strengthening stock market
some signs of general discount
ing OF future return to better bust
ness, there are few men Of affairs
in this town who are at present
prepared to say that the march
back to normal will begin before
the end of the opening year
Building Boosts.
Though the work of all thel men
who are uncovering the startling
construction scandals here is high
| w appreciated by New Workers,
| the efforts Of few OF them to use
| this public usefulness as a basis
for furthenng their political am
billions is row deplored by the peo-
pie of this town That a man who
can prosecute as well as sam I'M
termeyor should allow himself to
I play politics at the same time, with
an eye to an ambition for the e..
S. senatorial toga, is not accepted
by the public here as a pleasing
ipicture. New Workers now hope
that the man who has so ably fol-
! lowed the trail of the crooked
builders will quit blazing his own
trail toward future political office
Battleship blight.
That many millions and even
| billions of dollars may be saved to
the taxpayers of this country by
breaking down q budget for battle
ships that cost and keep spending
fortunes. is now declared by eX-
perts who have been looking into
| the real place Of the big navy craft
! IN modern warfare. Since one air
/ plane can drop some chemical
compound that will put the big
gest and best navy ship out of
business and asphyxiate it's crew
| in a few seconds. it is pointed out
! by these men that whatever de-
| Tense money is necessary would be
much better spent on air service
development and chemical research
than upon the antiquated hubs of
| the old-fashioned fighting ships
In times when taxes break the
backs of most people, 1t is hoped
that such saving cuts may he con-
sidered by the budget makers,
Rent Rcvel.
Sealing up their rent rates to
even higher levels than ever the
landlords of this town are just
starting ON their last rent revel be-
fore new building pricks their
bonanza. balloon In spite of
scores of new structures that are
being opened to tenants, these
SIdSIJIlB BIdlltl0 al sui ldlolll5
rentals on the old excuse of war
time costs of coal and other neces-
/ stiles. When the growing blocks
of new skysGrapers and apartments
are finally flung on the reaFestate
market, it is admitted that the
rent trust will be obliged to take
almost anything it can get for
home and office sQace.
Lax Lunclling.
Showing a startling falling off
in the numbers of workers patron
i2ing lunch resorts, recent reports
from behind such counters assert
that unemployment Is making huge
drains upon the noontime crowd.
! Unless regular employees were di-
miniShing the piles of doughnuts
and cans of coffee would vanish
faster, it IS declared. Neverthe-
less, economists of the best feed
ing circles point out that lack of
work must increase the eaters who
formerly pGtronized expensive res
taurants and send them to swell
the crowd at the lowly cruller
counters.
-----S--
A husband of Akron. o.. wants
. divorce from his wife because
she would not dance.