The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1924-11-06
TRADE REVIVAL
PREDICTED BY
BANKERS
Business Men and Financiers
Foresee Prosperity Follow
ing Election Result

NEW YORK, Nov. 6.--The finan-
cIal and business world yesterday
acclaimed the Coolidge victory as
inaugurating an era of American
prosperity.
Bankers, industrial giants, brok-
ers, merchants and other leaders
were generous in their praise of
President Coolidge. His election
means, they proclaimed in state
nents and in personal expressions
that American business has been
provided with the stimulus for
which it has waited many months.
Some Of the more important opin-
ions follow:
Ebert HI. Gary, chairman, u. 8.
Steel Corporation:
"The election of Mr. Coolidge by
an unusually large majority has fur.
nished reasons for a worldwide feel
ing of gratitude to wise and ner-
ciful Providence that rules the des-
TIMES Of humankind. We have turn
ed the corner. / look for great
future business prosperity. IL 1t
does not appear 1t will not be
for lack of conditions and oppor-
tunities."
Charles e. Mitchell, president. Ma
tional City Bank:
:. The election eliminates politics
from the business situation and
clears the way for constructive en-
terprise. Both at home and abroad
conditions are more favorable for
an era Of stable prosperity than
at any time since the war;
H. B. Thayer, president American
Telephone & Telegraph Co.:
1T is very satisfactory to see
that the country is standing I'M
swervingly by the principles upon
which our Government was founded
and which have brought to the
people the greatest measure Of OPP
portunity and the great realization
In prosperity and enlightenment
known in history and that, in the
election of Calvin Coolidge, Il recog.
nizes and endorses honest and fear.
less devotion to high ideals of serv-
ice for the country"
Julius Kruttschnitt, chairman
Southern Pacific Railroad:
Immensely PLEASED. Delighted,
with a very large d. Triumph Of
Americanism over disloyal foreign
influences. Splendid thing for our
country"
A. r. Erskine, president Stude-
baker Corporations:
''The business of the Government
In the next four years will un.
Qoubtedly be conducted in a most
intelligent, capable and effective
manner. The productive forces OF
the nation, both industrial and
agricultural, which underlie ell
prosperity, will receive the great
est possible encouragement and
what is equally important, protec-
ton from unsound legislation"
Alfred P. Sloan, jr., president
General Motors Corporation:
"Mr. Coolidge, in my judgment,
has always stood for everything
that is constructive and therefore
cannot but contribute materially to
the prosperity Of the nation"
John H. Allen, president Amer
lean Foreign Banking Corporation:
''The country is ripe for a large
business expansion, the financial
situation is in prime condition,
merchandise stocks are moving and
there is no piling up"
Walter E. Frew, president Corn
Exchange Bank:
1.-THE nation is assured of firm
and trustworthy guidance for an
other four years, and business
should benefit accordingly"
H. T. Parson, president, r. w.
Woolworth Company:
. 1--WE can now look ahead for four
years Of good business without any
hesitancy. Railroads and general
industrial business should have a
great impetus with politics settled.
The indicated Republican majority
In Congress is decidedly helpful in
that 1t should mean the caRrying
out of administration policies
John W. Prentiss, former presi-
dent, Investment Bankers Associa-
ton:
THE people said Tuesday, in no
uncertain terms, that they believed
IN the Constitution of the United
States, In reduction OF taxes, in a
suitable tariff to protect American
laoor, in the personal rights of in
dlvlduals and in personal initiative
and that they did not believe In
government ownership and its con.
sequent destruction Of private enter.
prise.
This being the case, 1t is rea.
eonaole to suppose that hundreds Of
thousands of business men win now
proceed with the development and
expansion Of their particular indus.
tries, confident that If they are
fortunate enough to ACQUIRE. in the
conduct of their business. some
form of additional property that
they now have government which
-