Imperial Valley press., 1924-01-02
REAL CAUSE TO
Be OpTIMLS TIC
SAYS OFFICIAL
President n. Y. Chamber
Commerce Sees 1924
Prosperity
BY IRVING t. BUSH
President Of the New York State
Chamber of Commerce

Chamber of Commerce
NEW YORK, Jan. Again the
beginning of new year finds all
eyes centered upon Europe. The
conditions there are only better be
cause ,,hey are worse.
BY this l mean that the people
Of Europe apparently cannot learn
>nything except by bitter expert
,nee. There are some signs that
their experience is becoming so
bitter that reasoning by hate may
give way to the process Of common
sense.
The people of Germany are be
ing purified by suffering and the
government of France is learning
that they cannot salvage tiviliza-
ton with the saber The aeuteness
Of the preseu. crisis is the only
evidence that the end is in sight.
If reason is to have chance.
the opportunity must be soon and
there Is evidence that interna ional
reason will be called into play in
Europe before long.
Seeking Formula
The occupation of the Ruhr has
failed to proiuce anything but
bankruptcy of industry in Germany.
This is beginning to be realized
even in Franc" and the press i
filled wth intimations that the
French government is seeking a
formula This merely means that
they are trying to find way to
change their policy to one mere II
accordance wirh the process of rea.
son without appearing to have
changed their policy.
The economic mills arc grinding
on but it is becoming apparent that
this country can, under courageous
leadership, maintain prosperity with
conditions in Europe badly disturb
Cd.
The summer of 1928 saw drasti,
and the prospects for 1924 are bet
try. 1t was healthy blood-letting
curtailmerA in many lines of indus
te rtoday than they were six months
ago
do net look for anything in the
nature IF a boom, but believe bust
ness conditions will continue steady,
with some Improvement during the
first half of 1924.
Hope for Farmer
That is as far as anyone can look
ahead under present world condl-
tions.
While there IS serious depression
among the one-crop farmers of the
northwest agriculture as 4 whole
viii receive substantially more this
year than last. The farmer is learn
ing to diversity his crops and not
to deppnd too much anon s.aTlos the
prize of wAich is determined bv
market outside Of the United States.
The exporter has passed through
/ is worst period. The manufacturer
in most lines may look for an I'M
proving market.
The earnings of 5he railroads are
better and there seems to be q
tendency to give them breathing
SPELL.
We should learn a lesson from the
troubles of Europe. The difficulties
abroad are due primarily to incon'-
potent political leadership. Ignorant
llcn have been selected to high of
flee. and the people are suffering
because they have been miSled by
damagogues VINO promise the mos
AID produce the least.
The lesson to America is the nee
essitv for leadership.
Amateurs
The amateur dealing with the
tools Of craftsmanship, or of indus
hial leadership, can be no moro
successful than the amateur at
l'mpting to handle the tools of a
skilled workman.
The conditions of the countrj
are sound. Industry has been
qlitc thoroughly liqLidated. The
national debt has been reduced FL
nanres arc improving.
The danger signal is tendency
10 select the wrong kind Of men
for public office There are dema-
gogues in both parties, and if they
are elected, all they can DO IS rock
Jhc boat.
If the voters cf the United States,
when they cast their ballots next
fan, win elect the men whom they
believe to be best qualified by
character and experience tc mainl-
tain the high Standard Of intelli-
gence in public life which has
brought this country from small
colony TO the greatest nation in the
world all will lie well.