The Leavenworth echo. [volume] (Leavenworth, Wash.) 1904-current, 1921-04-08
LOCAL FINANCIAL
SITUATION CAWASSFD
FRIDAY EVENING
COMMERCIAL CLUB ELECTS OF
FICERS AND DECIDES Oh
NOON LUNCHEONS AND DIS
CUSSIONS

Realizing that the local financial
situation was one demanding the hes
thought and solid cooperation Of
everyone, a meeting of the business
men Of the city was called for last
Friday evening by Messrs. McIntosa
and Stevens. to convene at the ofice
of the Great Northern Lumber Co.
and accordingly there were thirty
two present who put in several hours
Of conversation on this subject.
The financial situation affects
everyone; Many ranchers are unable
to secure money readily to make it
possible for them to 90 ahead witt
their preparations to handle their
crops and money is also hard to ge,
with which to keep business concern
going and to extend the lines of cred
it which the situation urgently dc
mands. This section of the state !,
probably no worse off. probably not
a bad, as some others But the sit
uation is unusual in this that the
banks everywhere are unable to Sc
cure outside money in sufficient SUN
to meet the demands.
Mr. Stevens went over the situation
As he, as superintendent of the lum-
Der company, found it. The mill wa>
about ready to start saving lumber
and making boxes and in order 10 or
crate satisfactorily, meeting pavr1lls
promptly etc, it was necessary f1r
him to have orders for the produt Of
the mill. As lumber and boxes are
very much lower in price this year
than last year, wages viii neces sarlly
be considerable lower A year ago
boxes were contracted at PIC: this
year the price is 1612c and no con
tracts are being made yet even al
those figures, though il is practically
certain that prices viii advance lat
er. The prospects are that the We
natchee district will require 10000 900
boxes and it is not possible for the
mills. all running at capacity. to meet
the demand; and this means all the
mills in the state which can be ex-
pected to participate in this business.
The cause Of the delay in ordering
boxes IS that the different associa-
tons and ranchers must have credit
and are asking for time until Deem
ber. January and even as late af Feb
ruary. The milling companies. hav-
ing their expense accounts, labor, etc.
meet regularly. are not able to
give the longtime credit. but are Of
fcring sixty days from invoice. Lo-
cally there seemed to be no manner
Of alleviating matters, excepting
through carefulness and close coop
cr&tion-which. we take it. means
every business house giving all credit
possible and everyone loosening IN
and putting all the money available
II circulation. One little ray Of hope
was shot across the scene when IL
was announced by one who was likely
to know, that he had just been inform
ee that large sum of money was
coming TO this section from New
York. But the sum mentioned viii
have to he multiplied several times
IN order to afford the needed help
The matter of the cost of living
~ as discussed and It was shown that
staple necessities have decreased in
price 25 to 30 per cent There is
still hope Of further decrease in some
lires particularly beef within tie
next four months.
Taking advantage of the good
rumber present, officers Of the COM
mercial club were elected as fol
lows:
President, c. A Campbell.
Nice-President, Wm Mcintosh.
Secretary. T A. Constable.
Treasurer, Dr. Burkhart.
A committee on organization was
appointed as follows, to recommend
procedure, etc.: F. ". Stevens, r.
B. Field J. W Elliott. H. G. Krol-
pfeiffer and F. A Constable.
The first luncheon viii be held
soon All those present bound them
selves, not to say anything of their
feirs. executors and assigns. to sup
port the club with their lives and for
tunes and we may therefore look
forward to 4 wide-awake and ener-
getic commercial club. henceforth and
Indefinitely.
Such meeting. a. that of Friday
evening are Of immeasureable value
70 a community and the wonder +.
that any village or city neglects such
advantages. The meetings promote
reichborliness and good feeling. fol
one has a friendly interest in about
nine ont Of every ten men he learns