San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-02-20
PROSPERITY
JUST AHEAD
SAYS GROOS
Commercial Crisis Passed
and Before the War Times
Around the Corner.
SEES MANY SIGNS
Banker Tells Advertising
Club Now Is the Time for
Business to Expand.

There is every indication that the
commercial crisis is over and that pros
perity such as was enjoyed before the
war will soon arrive, Franz c. Groos,
president of the GroOs National Bank,
declared in n talk on business cOndi-
tions before the Advertising Club
Monday at the Gunter. Business has
progressed well along in the recup-
erative period and the time is not far
distant when the country will ex-
perience nearly normal conditions, Mr.
GrOos said.
Higher prices commanded by farm
products. the sound con iitions of bank
ing institutions. and the increasing
industrial activity were mentioned by
the speaker as factors which give rea-
son for the belief that prosperity is
on the way.
Mr.. GrOos read passages from n
book on economics which he studied
at college % FEARS ago to show that
the recent per,d of business depres-
sion was not the first experienced in
this country.
The underlying causes of all great
economic events are the same said
the speaker. When there is too much
competition. such as was the case i'm
mcdiately following the great war,
over-productiOn results and commidity
prices fall. \ reduction of wages next
follows. Feeling that these wage cuts
are not justified by conditions. labor
strikes. Labor soon finds that strikes
will not remedy the situation. When
labor comes to this realization. then
We know that it will not be long be-
fore times get better.
Reason for no Panic.
Eve should bethankful that there
was no panic after the period of false
prosperity following the war. I at
tribute the fact flat we had no panic
to our strong banking structure and TO
the federal reserve banking system.
at is the attitude of the success
full men or any community which has
a great bearing on the future Of the
community. If the successful men
show no faith in the future Of their
city. then that city will cease TO
grow, but if these successful men arc
optimistic. then Their city cannot help
but go forward. | do not have hes
itancy in saying that now is the time
for business concerns to make plans
for expansion. More progress should
be made in the reimbursement Of bust
ness during 1923 than has been made
in the Inst three years
Want Baseball Support.
Charles Wucst. representing the
Loyal Fans Club. urged he advertis-
ing men 10 give their support to the
visiting baseball players when they
train here this year Several other
localities arc trying hard TO get the
big league teams. he said. and San An
tonic must not lose them just because
Of lack of hospitality. The visits
Of the northern teams. he said. means
valuable advertising for this city. since
each team is usually accompanied by
large corps Of newspaper cores
pOndents who send columns Of stories to
their papers daily with the San An
tonic date line.
Officers of the Manufacturers and
Jobbcrs League will discuss the flu
ture Of San Antonio as n manufac-
turing and jobbing center Mt the next
luncheon, President BrOckhauscn an
nounced.
Henry Hart Of the City National
Bank presided.