Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-01-26
d,Y JOHN PAGE,

d'Y JOHN PACED
Els'ncss conditions continue to I'm.
prove throughout tho country. ard tho
depression IN financial conditions. which
has ncvff been severe In tho Panhandle.
Plnirs Country, Is nasginf hy. Tax r..
coir'a FRO ulwnys acceptable ~ an index
n business coniitlons In amy given com.
muaNy ard tho Rec ipts IN Potter Coun.
~ ore ETOntor 80 fnr THIS year than
IN y were ln the ccrrcypondlng period
IN 1920. County Tax Collector Ben
Gclding reports that On nearly every
d1v 81 this ytnr tho receipts have cx.
ccc''cd IN" receipts on the simc day one
vorr ago l.aa Wcck tho receipts on
one day worn over fourteen thnusinI
dullnr1 aH compared g. siS Thousand fcr
thr 1920 drt" Business mon In nearly
all l.uca report that their trade " llc.
rlnninE a. show silns ~ Improvement.
Tn" majority ~ them have rid them.
solve = tn highpriccd stocks ~ goods
Witch thcv acquired In tho ovcrpruduc.
tlrn period ~ i9lg.i92O. and are now
stocked with lower priced goodf which
can lr 9Cld "a a profit instead u at .
sacrifice.
In ;he country az large the tone Il
husir'ss is hotter than Tor some time.
The Fiunkln Automobile Company re-.
ports steady Increasing volume ~
auslncss' likewise other industries. no.
tally shoe manufacturers and the Amer.
lcnn Wcolcn Company. which has re-.
op,ncf itr mills after n period ~ idle.
ness ~ several months. The mills ~
THU company have rcopcncd on the
basis II wage reduction ~ twenty-five
and q half per cent. and IN consequence
N" price ~ woolons can icgitimatcly
be made lower to jobhcr. retailer and
consumer than was the case one year
ago.
Waca reductions hayc also gone into
effect IN other industries. ard this
means ihnt the worlSingm'n nrc doing
hi. part In tho process II dcflatlon. {
ID" benefit II industry IN general
The employees of the Abrnm Coz
Stove Lo!'ch plan ~ industrial Domoc
John Le.i,h plan NJ Industrial Dcmcc.
rlcv. have unanimously voted a roduc.
ton ~ " per cent In their waste They
fc,l that this action. coupled with an
immediate reduction IN selling prices.
viii stimulate the business 20 the com.
rnv and pror de stcadi,r employment
Tho Lcitch plan ~ Industrial D-I
mocrTcv. which II In operation IN mrrc
ihnr goo industrial plants In the Unitct
States and Canada under the personal
supervision - Mr. Lciich and cabinet
which meets In New York monthly
make e each plant a small republic
The corporate heads ~ the orFonlzstio
Ne o. = cabinet. and ara known as such |
Department heads and shop officiah
senate, ana the shop work
crs elect by secret ballot their own rep
who function In a hous'
Of Representatives.
Recommendation IL tho highest |
body have In hc acted upon by the two |
hvnch hes. and similarly. legislation
watch originates IN the house goes to
III higher bodies Tor approval before
scttloc Policies are determined.
Another encouraging feature In IN,
situation ~ the greatly increased vol
unc ~ savings accounts IN the nation |
NJ large. The Amarillo hanks report |
very considerable Increased savings nc j
counts the Dallas hanks report millions /
n dollars added Ia savings accounts
iurinc the Inst quarter ~ 1920 and tho 4
f!rs; three wc,kr of 1921. and similarly |
rhcCrf'.l reports come To- no from the On
lire natlon,
BillionS IL Small savings.
In the city II New York alone the
Swings banks deposits Increased last
year by more than two hundred million
dollars. AZ the close Of 1890 the total
amount 10 the credit of the small saw.
crs ~ this city's savings banks stood
At more than Sl.SS2. 0oe. 600. The nun.
bcr OF accounts was 2.sS9.Si0.
In the whole country at the close
of 1919. the year before, there were
moro than n $500 savings hanks nc.
rounts. with deposits lcrs than a hun.
lrod million short ~ slN billions II dol.
lars. The exact figures were $4,000 NSs..
bee. 4 year ago New York's share u the
total savings hanks deposits Of the
whole country was some y per cent
Il similar proportion obtained nj the