Wauwatosa news. [volume] (Wauwatosa, Wis.) 1900-1948, 1922-12-21
aaI.OOK FOR 1928 GOOD, SAYS
= BANKER
e.,get This Years Difficulties, Which
cere Inevitable tor Reaajust-
ment, He Advises.

ast's look ahead" urged Mr.. p. ID.
as,es. of the First National Bank in
Z interview today on end-of-the-year
s@saess conditions. He declared that
sblle business in 1922 had been al
kcied by many distressing difficulties
Bsse were tempered by encouraging
a,elopments winch justify an optl-
risue frame of mind in looking tor
var to 1928.
The New Year is almost here" /"
IA mr. tIates, and the nearer we
i to it, the more apparent it is that
b is going to be a good year. Ii
2 left much to be desired, it would
en- to be good common sense for us
fosget about it as soon as possible
nd concentrate on the year 70 come.
8 il looks as if it is going to be a lot
4 kster; it is up to US to make it meas
Ire up to expectations.
In this year now drawing to a
dose there has been a strange medley
d conditions. Many of them were
productive of optimism. Some were
Dt
@Just when we thought we had the
gheels CREASED and were due to whirl
ight into prosperity, along came the
strikes of miners and railway work
gs. They were settled in due time,
but not before they had given The
iaarnity howlers a chance to make the
|seIkin ring with their mournful pre-
actions.
aIhe farmers, too, have had their
mails. After raising bountiful crop,
hey found a market which refused to
AXE It off their hands at prices which
Gabled them to buy the things they
Iseded. The freight car shortage COM
yleated the situation.
Looking back now, we can see that
Aese conditions were really outcrop
pings of the process of readjustment,
Vhieh had inevitably to follow the
var. After warti;,1e wages and war
ame state of Limo, labor troubles were
istural.
"The nations of Europe are strug-
ting under staggering debts and, as a
eSalt, are unable to buy food from
snerica in the quantities formerly de-
landed. This meant more readjust-
neat. The general liquidation Of cred
IasRas another important factor.
That is one side of the picture.
fhe other is more encouraging. The
lIaeess of def1ation brought with it no
panic although conditions were ripe
iOr the greatest panic this country had
ser known. The wage situation gem
raLy better than for many months
With more employment and higher
wage scales in operation. Government
Egures show that bank dep. SIS in
September of this yer were sclually
billions of dollars Sraater than in Sep
tember, 1921. THIS indicates a tre-
nendous increase in buying power.
The agricultural situation is also re-
selying the earnest attention of the
goVernment and the leaders in finance
md business.
4The declaration of Secretary of
agriculture Wallace, that we cannot
hive productive agriculture unless we
aa7e prosperous agriculture, has the
spproval of every thinking person.
We are now much better prepared
~ go forward to lasting prosperity
ban we have been at any time since
Ae war. Labor troubles and the
sher difficulties served to clear away
q distractions in our path. Their
aanifestations were unpleasant, but
no means disastrous.
And the big thing to remember is
Pat now they are behi d US. They
ERE disagreeable, decidedly so, but
Il do not have to cherish their nem-
~. We can forget them and occupy
.g minds with the promise of the
hture.
LET'S LOOK AHEAD"