Evening star., 1922-01-01
SECRETARIES HOLD
HIGH 1922 HOPES
Hoover, Weeks and Davis
Sure New Year Will Bring
Greater Prosperity.

Prosperity and high hopes of sue
cess for 1922. based on the SOUND
economic principles that obtained
previous to the f1uctuating type OF
business OF a few recent years. as well
as expressions of gratitude Tor the
pleasing prospects in store LOT the
United States as a whole, are the New
Year greetings Of Secretaries Hoover.
Weeks and Davis, made public last
night
considering that we have gone
through the greatest war in history
and considering the dangers that we
have passed through in the great re-
adjustment of 1921" said Secretary
Hoover. I'VE have lot to be cheerful
over and we have ahead of US very
substantial hopes of steady improve
mert both at home and abroad.
The industrial and sociai up
heaval resulting from the war
reached its crisis during the ola
year" said Secretary Weeks. me
period Of adjustment has been Try
ing for the people and government
alike: but the rapidlty WIN "n,r" n,,.
the American people have been put
ting their affairs in order during the
past few months makes the outlook
for complete industrial adjustment
and resulting prosperity during the
coming year bright.
THE United States is due for
business recovery that will make us
happy because more prosperous.
Secretary Davis said. This country
is too full of life to lie stagnant
long"
Mr.. HoOver's Statement.
Mr.. Hoover in his statement said, in
part:
THE economic situation for the
new year holds much good promise.
Our year of liquidation is over. and
we can look forward to a year of re-
cuperation. Except for the seasonal
din of the winter. we should have a
continuous lessening of unemploy-
ment and an increasing betterment In
the agricultural situation.
I'VE still have good many read
justments to be made. due to the in
equality in the fall of prices and
wages. The farmer has fallen too
much. Some Of the industries sucf
as coal. railways and construction. are
far above the average levels OF the
country, but economic pressures. al
though painful are in motion which
will eventually reduce the expenses
Of and the charges of these industries
against the community.
"A secondary part of our recupera
tion must depend upon the recupera-
ton abroad. In Europe the most
promising thing is that there is
more general realization that Ger
man reparations. the land armaments.
the unbalanced budgets. the inflated
currencies, the unnecessary barriers
against economic movement must all
be reduced IL Europe is to alta n
economic stability and if the Yer.
solid progress made in other direc-
tions during the last three years is
not to be lost.
Mr.. Weeks Lauds Pnrley.
Secretary Weeks expressed the be-
lief that the greatest achievement
OF the old year is the conference on
the limitation Of armament"
Though the conference has not
completed it's deliberations. the world
is assured a reduction in naval arma-
ments." he said He expressed the
hope that 1922 might make 'us bet
ter Americans and bring US indus
trial tranquility peace and renewed
prosperity"
Secretary Davis greeting says. in
There is one last tug through diff
ficulties before we can reach the
stage of recovery. In the best Of time,
January and February are always the
months of most unemployment. To the
workers of the country 1 say. Pull
through and have faith. Just beyond
this last bog lies the firm ground Of
revived business and re-employment.'
Advice to Employer.
ITO business leaders and employers
earnestly counsel, Give work to the
fathers. SO that the children may stay
in the two best places for every
child. the home and the school. Give
employment wherever you can. to
ease the strain on those out of work.
At least to some extent, start your
mills. with true American faith In
the future Of your country"