Crossville chronicle. [volume] (Crossville, Tenn.) 1894-current, 1922-01-11
BUSINESS OUTLOOK FOR 1922
ALL THINK WORST is PASSED
General improvement L. Noted and
More Stable Conditions
Promised Soon.

+, Some of the views of big business
men on the business past and future
are interesting, and a symposium of
these views on the whole displays an
optimistic outlook for 1922 and fol-
lowing.
Dwight Morrow, of the ]. P Nor
gan Co, says: Il think the low point
in industrial activity i'll this country
was probably reached few months
ago, since which time there has been
a notable tendency toward improve
ment. Barring unforeseen develop
ments, there is no reason to expect
that this improvement should not con-
tinue during the coming year"
Charles M. Schwab says: "The past
year has porduced 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. Forgan, President, Nation
an City Bank, Chicago, believes 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
again in clear water, and when reccv-
cry once gets fully under way it may
come more rapidly than any OF us
are now inclined to expect"
James S, Alexander, President,
National Bank of Commerce, New
York, finds that many elements of
weakness have been eliminated dur
ing the drastic business reaction. The
process has not been completed, but
the worst phases have been success
fully passed"
Charles H. Sabin, of the Guaranty
Trust Co., New York, says thar
american business activity in gen.
eral has been for some months grad
ually emerging from tn through of
depression ~" The distinct improve
ment since mid-year in the funda-
mental elements of the business sit
uation as a whole warrants much
more hopeful outlook for the coming
year than WAS iustiiiah|e a tll& AZ I.
ginning Of IozI" - =
Thomas Branch McAdams, Presi-
dent, American Bankers Association
finds that the outlook for business and
luldHCC III tHC OiutCu OtatCs loI lyS<
is encouraging. "A courageous pro-
gram has been launched by President
Harding which should benefit the in
dustrial life of the world by billions
of dollars through taking them from
war or destructive activities and u.s.
ing them for constructive purposes"
George H. Reynolds, of the Conti-
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 new.
er begins except WREN reserve sare
plentiful So great has been the i'm
provement now that any legitimate
can be financed"
John G.. Lonsdale, President Nation
al Bank of Commerce, St. Louis, says:
'The time for any anxiety seems to
be entirely past. The middle of 1922.
unless reactions occur, should see
recovery we'll established"
William c. Potter. President, Guar
anty Trust Company OF New York;
says: "There is much data that in
dicates that business is gradually re-
turning to normal basis, and that
the fundamentals for sound progress
are daily being strengthened"
Many other well-known fnanciers
and economic experts might be quot
ed to the same effect. "The melan.
choly days. are fast passing"
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