The Bozeman courier. (Bozeman, Mont.) 1919-1954, 1922-01-18
BIG men PREDICT =
BUSINESS UPLIfT

- t@#A
WASHINGTON, Jan. 18.-Some Of
the views OF big business men on
business past and future are interest
ing, and a symposium of these views
on the whole displays an optimistic
outlook for 1922 and following.
Dwight Morrow of the J. 2. Nor
gan Company, avs: 81 think the low
point in industrial activity in this
country was probably reached a few
months ago, since which time there
has been a notable tendency toward
Improvement. Barring unforeseen de-
velopments, there is no reason to ex-
pect that this improvement should
not continue during the coming year"
Charles M. Scnwab says: "The past
year has produced some favorable
changes in the business situation, and
in my opinion we are not only gain
ing ground, but are headed in the
right direction"
David R.FeFgan, president Of the
NdCiOAt%A lily BGlhS OhiIoSOs UGAASNSc
the worst is past and that "if we will
cut out extravaganza and run our
business economically and prudently
we shall some day find ourselves
gain in clear water, and when recov-
Try once gets fully under way it may
'ome more rapidly than any Of us are
1oxu 5-,oIipo1 ~ ax~.,aaI - ..
James S. Alexander, president of
he National BanL of Commerce, New
FORK, finds that "aaany elements of
weakness have been eliminated during
he drastic business reaction. The
process has not been completed, but
ne worst phases have been success
ully passed.
Charles H. Sabin, Of the Guaranty
Trust Company, New York, says that
American business activity in gen.
raj has been for some months gradu-
lly emerging from the trough of
oppression. The distinct improvement
since m~id-year in the fundamental
clements Of the business situation as
} whole warrants a much more hope
ful outlook for the coming year than
was justifiable at the beginning Of
1921"
Thomas Branch McAdams, presi-
dent of the American Bankers Asso-
citation, finds that the outlook for
business and finance in the United
States for 1922 is encouraging. "a
courageous program has been
launched by President Harding which
should benefit the industrial life of
the world by billions of dollars thru
taking them from war or destructive
activities and using them for con-
structive purposes"
George N. Reynolds, of the CONT
mental and Commercial National Bank
of Chicago, says: "Progress-very
great progress-has been made. We
have climbed down from the danger
Gus heights to fairly level ground. A
forward movement in business never
begins except when reserves are plen-
tiful. So great has been the i'm
provement now that any legitimate
expansion can be financed"
John G. Lonsdale, president of the
National Bank of Commerce, st
Louis, says: 'The time for any anx.
iety seems to me to be entirely past
The middle Of 1922, unless reactions
occur, should see recovery well estab
Iished."
William C. Potter, president of tn
Guaranty Trust Company of New
York, says: There is much dat
that indicates that business is gradu
ally returning to a normal basis, an
that the fundamentals for sound pro
III gress r daily being strengthened
Many other well known financier
III an economic experts might be quote
III to the same effect. '"The melanchol
III days are o'er.p What issue will til
Democrats raise this fall?