, 1923-03-25

100 ANAANAAAa III ~ AftA NAAH FAAtiA0
OF q greater demand for steel and iron
products. AS the Colorado Fuel &
Iron composites become more pros
porous, the entire country always
prospers with IL.
Phoenix, Ariz, a center Of 5000
people, shows the best conditions sta
tistically OF any city In h 4 section.
It profits not only from the mining
industry but also from cotton. This
district has enjoyed not only a good
cotton crop but favorable prices.
Building is active-local purchasing
power increasing and the outlook IS
very good. Phoenix is a very good
Illustration why every city should
seek to diversity its sources Of in
come. Among the other cities for
which I am hopeful are Butte. Great
Falls. Billings and Helena, Mont;
Boise and win Falls, Idaho; Chey-
enne. Casper and Sheridan, wyom.
ing; Ogden. Provo and Logan, Utah:
Albuquerque. Las Vegas, New Mex.
leo; Tucson. Douglas. Ariz., and Ell
Paso. Texas. I am especially hope.
full in regard to Fl Paso because It
is the outlet OF northwestern Mexico
which IS one Of the richest sections OF
the American continent. Some day
Mexico IS going to settle down and
Ell Paso viii greatly profit. Nearly
all of these cities are fast becoming
distributing centers and in all Of them
there stlll ire opportunities for men
who have the six II" OF successes: In.
tegrtty. Industry, Intelligence. Init.
alive. Interest and Inspiration"
In conclusion Mr.. Babson said
when studying conditions in other
sections Of the country remedies for
the local difficulties arc usually easy
to suggest. For instance, when
studying conditions in New England
It is apparel that the labor problem
is New England's greatest handicap
and h wage workers of New Eng.
land have It's future in their hands. II
is very apparent that the need OF
the south is more capital. and energy
with a greater willingness to work
and risk. When one Is studying the
problems OF the wheat growing sec.
Ions he Immediately sees tina many
now raising wheat should raise other
products. When. however. It comes
TO offering n solution for the prob
lens OF these mountain states the
task is very much more difficult.
Frankly, l am unable to suggest any.
thing TO these people except to ron.
tinue as they have been doing. sta.
tistics show that hey are utilizing
their natural to as great
an extent as the arket permits; they
are endeavorins TO diversity their
sources OF income md develop their
communities along broad and perma.
mont lies. I call your attention to
the excellent results which are being
obtained in the sections under the
cultivation by the Mormons. How
ever. one may differ with them on
religion, they certainly set us all an
example by apply religion to every
da work. What these faithful Nor.
mons have done with tho desert sands
OF Utah shows what can be done with
all these Rocky Mountain states II
people T willing TO apply the same
industry. thrift, and the other fun
damentaIs OF prosperity"
When asked about general business
conditions throughout the country as
n whole, Mr.. Babson stated that the
-Babsonchart shows activity 6 per
cent above normal. He is not quite
as optimistic as he was n few months
ago, believing that come lines are
again approaching de1ation. He still
Insists that the period OF readjust.
meut is only about 60 per cent com
pleted, and that any attempt to run
up prices any higher at this time
would result in c~urtailinE many in.
dustries. Next week Mr.. Babson will
issue a report on the conditions in
the Pacific coast states.