The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1921-08-29
COOLIDGE SEES
RIFT IN CLOUDS
Vice President Is Optimistic Over Bust
ness and Political OutlOOk-At
..a Northampton

NORTH AAfPT0N, Mass, Aug. %. Il
An optimistic summary OF the present
business situation was given by Calvin
Coolidge, vice president of the United
States, at his home here, yesterday.
IL here Is every reason for the American
people to feel encouraged at the out
look, - he declared and went on to say
Mat the New England industries were
the first to recover from the recession
of public purchasing power" and that
this should be followed by business
revival in the West and South. we
shall need patience, energy and cour
age, he warned, but added quickly that
he prospect was extremely encourag-
ing. Domestic problems, MIR COOLIDGE
pointed out, were dependent on foreign
conditions over which our nation can
often have no control He stated that
the present uncertainty made it diff
cult to tell what laws ought to be
transacted. The chief reason for the re-
cess OF congress was to give the commit
tees graphing with these problems a
chance to devote all their attention to
them without being distracted by work
on the floor of congress.
] The vice president referred to the pas
age of the tariff and tax revision bills
~ the house and the introduction of
he railroad relief bill as constructive
'teps towards return of business nor
nalcy. He also said that the various
departments were eftectimg rigid econo-
aies under the direction of General
l Dawes and the government was rapidly
l being put back on a peace time basis.
The problems before the present gov
| ,rnment, - said Mr.. Coolidge, ''are very
Teat and more intricate than at any
| ,theT time in the history of our cOm
| ry. Domestic problems are dependent
| Ipon foreign conditions, often times
| over which our nation can have no con-
| -rol. The main difficulty everywhere IS
/ uncertainty. which makes it very diff
| 'ult, not only to transact business, but
1 o determinee what laws ought TO be
| 'nacted. The congress Is undertaking
% relieve the business situation.
4 Naturally, the different business ac-
i -ivities are each asking for relief, but
| the most superficial Investigation re
veals that they are all dependent on
| Zach other. The former is asking foI
better credit and transportation facili
les; the manufacturer Is seeking a bet
Ter market for his output: railroad:
| IRE asking credit to tide them over al
| era of diminishing returns. Business ir
| general wants TO know what the com
| ing tax rate Is going to be. 1t is Obviou,
l that these establishments are inter-re
lated
The working out of these details j:
| a matter requiring great deal of study
and investigation. 1t Is work that hat
70 be done in the different committees
There are vast interests involved, anC
only the greatest care can determine
the proper remedies. Much progress ha,
already been made The chief reason
for taking a recess by congress was tt
give the committees engaged on thes,
great problems an opportunity to Civ,
them their undivided attention. ur
hampered by the requirement of any
' work on the floor
The house has already passed tbs
tariff bin and the taxation bill. \ BIZ
for the relief of the railways is under
lway. The various departments under
the direction of General Dawes are al
ready in process of enforcing the most
rigid economies The government is
J RAPIDLY returning to a peace time ba
sis.
II There i every reason for the Amer.
lean people to feel encouraged at the
5 out look These New England industries
} which were the first to feel the recess
5 sion Of the public purchasing power a
} year ago last spring, have been the frs
to recover. This should be followed bg
} the recovery of other lines of business
} in the West and South
I'm addition to this, there is the pros
Ipect of world relief in the disarmament
conference We shall need patience
energy and courage but the outlook 70
} every desirable business activity is ex
d trcmely encouraging