The Washington times., 1923-10-05
FINDS BUSINESS
ON SOLID
BASIS
Woolworth Head Says coun-
try Is in Best Condition,
In It's History.
By W. s. COUSINS,
1898 Cosmopolitan News

(COpyright, 1923 Cosmopolitan NeWs
Service.l
NEW YORK, Oct. 5. America has
made long and rapid forward steps
since the end OF the European war
ana economically. commercially and
industrially this country Is ii 4
better condition today than ct any
other time in its history. according
to II. r. Parson, head Of the 3. =.
Wooiworth Company.s chain Of retail
stores. He declared himself an uTl,
qualified optimist today.
"a survey of the States and Ter
ritories In which the ], 294 retail
stores Of the WoolWorth system are
located, !" said ParsOn, shows that
sales have increased enormously
this year. know Of no time when
business seemed to be on more
substantial basis than at present. "
Buy Stock On Market.
Not one Of the $500 small articles
sold in the five and ten cent stores
is manufactured by the Woolworth
company or any subsid diary
we draw from the markets nf
Tie W0EAGs k3E1l1 - GOl1s4S AAAk4AAT VI
the commodities III the lO-cent class
are actually OF better quality and
higher utility than before the war,
and hundreds OF articles formerly be
.yoIid our reach are now offered on
our counters. This Is due IN large
measure to the higher efficiency Ia
industry and the economy III mass
production
THE records Of the mercantile
houses VIII ch cater to the farming
districts refute most or the calamity
stories we hear today relative to the
condition OF the American farmer.
IL he were as hard up as he Il
pictured, he would be unable to buy
for cash In such large volume from
the mail order houses.
Mail Order Sales.
Sales of prominent mail order
houses are reported from 30, to 50
per cent above the best previous
records. IN many of the smaller
centers Of population, our stores
come next, for the farmer who has
learned to operate his flivver brings
his wife and family to town to pur-
chase his small household and per-
sonal necessities. His purchases
this year have been unusually large,
and he always pays cash.
H I am not greatly mistaken,
many Of the farmers have saved q
good part Of the proceeds from the
sale OF 50 go wheat during the war.
Private credit reports from Mime,
sofa and other farming sections In
form me that the farmers there are
paying their loans ut the banks I'M
stead Of asking for new loans. Z
Some Of the other reasons for
Parsons optimism are the increased
efficiency of labor and OF modern
mechanical devices; the higher
standards Of living tor the Ameri-
can working man; the stability Of
Government and the effective Co
operation between business and legis.
latures:. the increase Of thrift annonR
all classes Of people.
Does Not Fear Congress.
III the worry of the world were
confined to the troubles which really
exist, said Parson, there would Be
fewer nervous breakdowns. Ninety
per cent of our troubles are based
on calamities which never occur,
and the recognition Of this I would
urge on the business men who are
giving themselves unnecessary con.
Germ. over the next session Of Con.
gress.
my own opinion ii that President
Coolidge will succeed in pushing
through Congress one OF the most
legislation the country has ever
constructive programs of business
known.