The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1921-08-12
As Business Turns
the Corner
tHidnnlheham News }

" H|NNNHN
Judge Hibeft u. Gary expsesses the
unqualified opinion that In the future.
pfohahly not far distant there n 20
come "the biggest business this coun-
icy has ever Witnessed The state
mont was made recently when the
distinguished Industrial captain spoke
In words OF encouragement OF the
Harding administration. inspired
thereto by a ramof that the preai-
dent would advocate early relief for
thr transportation syatems of The
country.
judge Gary unhesitntingfy pro-
nounced the business situation bright
In this country. as compared with
the chaotic conditions In Europe. Hts
conclusions jlhe perfectly with those
~ A. G. bedford OF the standard OIL
company. Judge I.ovett. and Herbert
Hoovet all OF whom are as n In
believing that ''buslncrs has turned
the corner and Il an the upgrade,
But the chairman or the board OF
directors 81 the United States steel
corporation has concrete evidence OF
the Improvement In business. Some
reason for HIS attitude OF optimism
whist many ~ his CONTEMPORARIES fan
10 see light ahead. " contained in
this report Of IL leading financial
authority;
perhaps ono Of the reasons why
he felt Justified Ia his hopeful view
was the fact hat the corporations
eatned twice a. much In the second
quarter as was commonly PRESUMED
TO he the fact. Excellent Judges nr
the steel corporations business had
predicted hat the net earnings for
the duarter would be only ff2. 0O0, 900.
IL Il rarely hat these estimates are
out II the way. but this time they
were 90 por cent OF the way be-
cause the urnings were S2f,oOO.o0
Judge Gary has frequently alluded
TO the fact that one OF the cauaca
of continued business depression was
n morbid mental condition. Busi-
ness men could not see straight. Their
vision was obacufed by their anxieties,
This led to b estimate that the earn
ings OF the corporation woO.d be not
more than al 100000. or at h most
$4,000. 600. whereas net earnings
were gaining so b n u was possible
to report "A total OF $4,000, 600. This
difference. undoubtedly In Judge
Gary's view. Illustrated the prevail
Ing tendency OF the spring. II has
led business men to look upon the
dark side. not percelving the various
symptoms which pointed 10 a change
or as va often has been said 10 the
turning OF the corner"
News or shiS wholesome ana henfh-
full character spreads like wild fire.
u II well calculated TO put courage
and confidence In the heart OF timor-
Gus gentlemen wis have regarded the
internationRi political n Industrial
maladies as inourable. II signifies that
the world IL on the mend.
This trade authority finds another
rehson 20 Justify Judge Gary's optim-
Ism. and that II the fact that There
II no longer extravaganza ana nt-
tempts to gain enormous profits in
busincss-and no longer such reck
less waste In industry" Amongst
manufacturers and nova
days there II a quite studious Effort
TO effect economies; IND this II true
not only Of immense establishment
such as the United states steel cor
porntion. hut In the little concerns a.
we'll And even ns the greatest s,ee
manufacturing concern achieves con
crete results from this system ~ care
fui expenditures. 40 do the smalle
concerns learn precious lessons Il
thrlft and economy The lessons. too
filter down to the workers. intclll
gent rctronchment and careful econ
miles indeed form a sound and stable
basis upon which this country MAJ
build q greater prosperity than mn
hitherto enjoyed prosperity h
which neither capital nor labor maj
have oppressive or dangerous power.
TO punish the masses ~ consumers
There were No pronteers In Arcadia
Everybody worked. earned, and wa
happy.