The Colville examiner. [volume] (Colville, Wash.) 1907-1948, 1921-01-01
GOOD OUTLOOK
FOR new YEAR
MERCHANTS OF COUNTY ON
GOOD FINANCIAL BASIS
FOR NEW YEAR
Farmers Can Look Forward to Good
Crops-Lumber and Timber Will
Move in the Spring

A healthy, happy and prosperous
New Year to you! The Christmai
season has passed and the New Year
is here. The books for 1920 have
been balanced and budgets made out
for 1921. We have totaled our losses
and our gains; we have contemplated
the accomplishments of the past year
ana the opportunities missed; we have
made our resolutions for the coming
year and are looking forward to it
hopefully, in spite of all that we
read and hear about a depression in
business activities.
This so-called depression is partly
a readjustment of the country, fol-,
lowing the war, and was foretolds
and expected. In order to ascertain
the facts in regard to conditions IN
Colville and Stevens county, repre-
sentative business men of Colville
have been called upon for their views
and opinions regarding conditions
during the past year and something
of the outlook for the future.
On Sound Financial Basis
J. d. Casey of the Leader store
stated that the holiday trade had
been fairly good and that the past
years business had been as good a.
any other year in recent times. ~
stated in connection with present
business and financial conditions that
we should welcome this period of res
adjustment as much now as at any
time, as the quicker it is over, the
quicker the country will be, ON d
sound financial basis. Hefi believes
that the pit of the deprdssinp @iaF
be reached within sixty to ninety
days, as the wholesalers who have
been extending credit to the retailer
will at the end of that time get tired
of waiting and foreclose. Mr.. Casey
expects to see many failures in the
state in two or three months, but
states that from all reports he has
received, Colville merchants and in
fact all the merchants in Stevens
county are on a good, sound financial
basis and will weather the readjust-
ment period nicely.
Merchandise will be more avail
able during the coming year than it
has been for some time" said Mr..
Casey, las the foreign trade will
serve their own countries to a great
er extent and lessen the exports from
this country" Mr.. Casey also stated
that there was no cause for alarm
either among the merchants, laborers
or farmers, because we have to meet
this readjustment period some time
and as it exists, and the chief trouble
is that the majority of people do not
realize or take into consideration this
readjustment period. 1t is the belief
of Mr.. Casey that after the readjust-
ment period is over, people will pro-
duce and money will have purchas-
ing powe" almost double that of to-
day. "The laboring man who can
not get work or cannot collect his
wages and therefore cannot pay his
bills, thinks he has the worst of it,
but this condition reacts doubly on
the merchant who has his money tied
up in a stock of merchandise pur-
chased at a high price, unable to col
lect from his customers and unable
to meet his bills" said Mr.. Casey in
speaking of financial conditions.
"However," he states, 81 see no rea-
son for alarm in Colville and believe
that the large majority of towns in
Stevens county will hold their own"
"DOn't Rock the Boat"
G. w. Peddycord Of the Bank OF
Colville in commenting on present
conditions states that there is no
cause for alarm and that there will
be no panic such as occurred in 1893,
but that in this readjustment of con-
ditions, the agricultural interests are
getting the worst of it; that in the
spring business will probably open
up and the man who can keep his
dairy cows through this winter, will
get twice as much money for them in
the spring.
Don't rock the boat" is the advice
of Mr.. Peddycord who also states
that 1--WE have a good many basic
commodities on hand that the other
fellow wants and that he will pay
for in the spring, when things be-
gin to move. We do not want to
lose sight Of the fact that December.
January and February are always
quiet months in the lumber business.
The housing situation all over the
country is going to demand all the
lumber W. have here. In this re-
adjustment period, we must not look
back to the past, nor look to the