Evening star., 1921-12-28
I0FF|C|A[S EXPECT
BETTER BUSINESS
Administration Has Reports
From Various Sources In
Spring Optimism.

A great improvement in business
generally throughout the United
/, States is looked for by the admins
| to the President.
The railroad situation. which a few
months ago was in such serious
| plight, is manifeStly improved, ac-
! cording to the most recent reports
| received at the White House, and
+! from these il is indicated that this
| improvement will continue through
out the coming year This reported
, state of affairs naturally causes the
; administration to feel optimistic re-
! garding the other Industries OF the
nation because of the direct relation
| ship between the railroads ana an
other business activities.
Much of this improvement on the
part of the railroads is unquest!ona-
bly, due, the administration claims
to help which it has extended to the
roads which were in the greatest
need The administration explains
| that it has been able, without addl-
tional help from Congress. 50 TO nan
die the railroad securities as TO MAKE
the necessary financial settlement. ahu'
: as matters stand now. II can continue
handling these securities ana mahHhs
settlements without asking Congress
for one dollar Of appropriation.
Predict. Recuperation.
! With the funds available the ad-
miniStra alton is firmly convinced N"
/ il can meet the railroad situati ios
for the coming year ana, ptcause "
this condition. il is happy 10 pre-
dict a marked railroad recupefa' 'ioh
| throughout the year. As one hish
! government official eXpressru y ~.
| day that recuperation on the pa
| of the carriers OF the countis ~
/ happens without a corresponding
| cuperation of business generdlIE,
! Among optimistic reports regarding
the promise of better business IN lnis
country for the year is one recehlis
received by the executive from
! tary Hoover The exact GetallS nave
not been made public, but VIII be
later. In substance it is known "
contain facts and figures inditaiihS
/ gradual return to normal CONDITIONS
and healthy revival OF American
industry.
! the Few subjects discussed al the cab
4 met meeting yesterday afternoon, al
1 though the meeting Itself was hlofe
+, or less Of an informal social eath"r-
| ing, because Of the absence from IN"
city of several of the members of IN"
cabinet. 1t WAS stated following the
meeting that the administration pro-
posed governmental aid IN the bulin-
| ing up and maintaining of merchant
| marine is not ready for presentation
! to Congress, nor Will IL bt l'i s'N'ta
! weeks TO come. 1t was made known
that experts Of the Shipping board
are now engaged in constructing
| plan Of some form Of subsidy which
when approved by the President, VIII
be submitted 10 Congress
Rumors Lack Foundation.
! 1t was announced at the White
House that there is positively no
| source for the rumors that have been
current regarding the resignation
shortly of Secretary Of the Treasury
Mellon. II Was stated that the, PreSi-
. dent has received no inti,nation that
Secretary Mellon is contemplating
leaving his cabinet. and il is believed
| that the rumorS are without fouuda-
ton.
One high official stated with much
positivenesS after the cabinet meeting
that the President very likely, when
! the proper time comes. will recon-
mend a number Of necessary changes
in the present revenue laws. Just
what these changes represent and a
what time the executive will pro-
pose them is not now known.