The Washington times., 1922-05-06
bUS|NESSb00M
NOW MANIFEST,
OFFICIALS SAY
Hoover, Davis, and Crissinger
Join in Assurances OF Ex-
panding Industry.

panding Industry.
BY GEORGE n. HOLMES.
International Nsws Service.
From three high government Of
ficials-Secretary Of Commerce
Hoover. Secretary Of Labor Davis.
and Comptroller Of the Currency
Crissinger--came strong assurances
today that the industrial skies OF the
country are beginning to brighten
business Is getting better, factories
are picking up. building is booming,
unemployment IL decreasing, credit
il easier, and general conditions are
more rosy all around.
Summary Of Reports.
The general improvement extends
from industries to farms, according
to the optimistic surveys completed
by these three officials. In general,
the reports find:
1. Secretary Hoover - Unemploy.
ment is rapidly decreasing. and in
some sections measure for relief
adopted in the winter have now been
dispensed with entirely.
2. Secretary Davis-There is q
widespread Industrial awakening
from coast to coast, with only a
few dark spots" farming condi.
tons are encouraging, and building
is booming over the country.
3. Comptroller Crissinger-Reports
from twelve chief national bank ex-
aminers. embracing all Federal re-
serve districts, show without ex.
ception that business. agricultural
and credit conditions are rapidly
becoming better.
The reports indicate the spring
boom in building has been the
greatest single factor in improving
conditions, both in the matter of
providing jobs for the jobless and
In making credit easier.
Ignore Coal Strike.
All Of the reports ignore the ma
tional coal strike, which is keeping
hundreds OF thousands Of miners
idle all over the country.
Secretary Davis survey said:
There Is a widespread Industrial
awakening. There are a few dark
spots where there is considerable
unemployment. such as in louisiana,
in large shipbuilding centers: also
in New York city, San Francisco
and Chicago. However. the exten-
sive building program in New York
will absorb all building trades me.
chanics. Chicago is engaged in a
building program. but is considerably
handicapped by reason Of the Ian
dis award. which has not been &C.
cepted. Nevertheless, conditions are
improving rapidly.
THE farm situation Is decidedly
encouraging. Demand for farm help
from all sections Of the country Is
indicative Of the optimistic attitude
Of the farmer.
New York State reports a great
decrease in unemployment.
There Is a revival of business in
New England States, nothwithstand-
| ing the suspension in textiles.
New Jersey reports that building
| and contract operations are now in
full swing. They are encouraging
outside workers to come into the
State.
ohio reports increased activity
in all lines.
Improvement In Pennsylvania
Pennsylvania is showing de.
cided improvement in industry.
There Is considerable improve
meht in industry.
There Is considerable improve
ment in Indiana"
Virtually the same conditions were
reported from States Of the North.
west, while in the West North Cen
trail group, comprising the States Of
Minnesota, Iowa, Missouri, the Ia.
kotas, Nebraska, and Kansas. the
survey said:
"All are entering upon an era OF
considerable activity. In some of
these sections, especially North Da-
kota. there Is actual shortage of ex-
perienced farm help"
Secretary Hoover made public let.
ters from various municipalities re.
porting general improvement.
Mayor NJ. w. Gross. OF Allentown.
Pa. wrote:
Several large employees are run
ming full time, and have taken on
additional men"
A. l.. Humphrey. president OF the
Westinghouse Airbrake Company.
| wrote:
Employment Is going very rapid.
ly. II business continues to i'm
prove for the next ninety days. as
1t has so far this year, there will be
very little unemployment"
|