Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1921-12-31

ferred to are running at 100 per cent ca
pacity by any means because business in
December, 1920, was considerably below
the maximum reached during 1919. But
1t does show, beyond dispute, that we
have definitely started toward our long
looked for era of good times.
Il do not agree with the prominent
citizen who recently stated that there
can be no permanent American prosper
ity without European prosperity. We
are young as q nation and have the adap-
liability and recuPeratiye powers Of
youth. We will adjust ourselves to what
ever is going to happen IN Europe. True,
our wonderful progress in the past built
itself partially on business with Europe,
but that is no reason to conclude that the
future must be on the exact same basis.
This is the era Of radical change. No
matter what happens in Europe the faith
of America is that we will and must go
ahead.
GRADUAL REDUCTION
OF IDLENESS.
1.-THE gradual reduction Of idle labor
all over the country and concurrent in
or ease in manufacturing output IS sufti-
cient indication that a healthy turn has
started. There is danger in any further
slump in general prices, which might, in
the opinion OF leauluB eCououisISs Ac
suit IN an excessive rebound and cause
secondary price imitation more disas-
trous even than the war boom.
America now leads the world and II
IS no exaggeration to state that Indian
apolis, comparatively speaking, is in the
front rank of the great industrial cen
ters in the march to normally. Our pub
lie utilities are doing this at prices
lower than can be found in any similar
comparaol situation In the United
States
The unheard of record in building
construction here, showing an increase
in the first eleven months of 1921 over the
twelve months of 1920. is a most en-
couraginP indication that indianapolis Is
headed straight for q populati ton of $780,
600 in 1925"
When asked for his views on the bust
ness outlook for 1929. Frank Wampler
vice president and general manager Of
the Indiana Bell Telephone Company
stated that considering the cataclysmic
disruption through which business has
passed during tie last five years he feels
wonderful strides have been made by way
Of getting back to normal conditions.
Important fundamentals involved the law
Of supply and demand. the conservation
against the dissipation of earnings. the
disposition on the part of labor 20 render
full service for each dollar received and
the approaching relation Of price TO the
cost OF production.
There is still much to be done, per
haps the most important thing being
a reimbursement u the tax situation 10 q
basis that will divert funds Of the invest
ing public from tax exempt securities So
they viii flow into constructive channels
Moreover. we must foster all possible
ways to relieve agricultural and stock
raising pursuits as they are the very
foundations Of business and we cannot
hope 20 build substantially until this is
settled said Mr.. Wampler
When asked for an opinion regarding
the utility situation. Mr.. Wampier ex-
pressed himself as very hopeful 90 the
future, basing this statement on the
fact that in general the public is daily
becoming more familiar with the prob
lens 81 the utility ana gadnally com
ing 10 realize the vast importance II
good utility service. without which In
dustry is handicapped business retarded
or stled. social activities curtalled and
comforts deuied.
To promote business IS necessary
for the general public go encourage ex-
pansion which can only be- done 10y
putting in the dollars that return in scrr-
ice rendered. When this IS fully uul.-
stood there will be no difficulty Or
curing adequate rates. 1t slouli Dee
lied, he said. that the danger IS
in having rates too high but rather
converse Of having rates too low. since.
the investor ana consumer are 90 a very
large extent the same led vidu8ls. on the
one hand receiving service. on the other
hand interest on their investment.
c. L. kirk, vice president and general