Milford chronicle., 1924-10-03
HOW AND WHERE HE GETS
RELIABLE INFORMATION

4AA-4AAe AANA V8NAAA = = AVAN
President CoOlidges Labor Day ad-
dress from the White House, in
which he said that American wage
earners are living better than at any
other time in our history, is, ac-
cording to Frederick B. Patterson,
President of the National Cash Reg
lister Company, of Dayton, Ohio, bas-
ed on an intensive study of actual
conditions, on which the President
has been engaged for several
months. He said, when 1 was in
Washington a few days ago, to pre-
sent to the nation the largest flying
field in the world, donated by Day
tons citizens, 1 was amazed at the
eagerness the chief executive dis
played to know all about labor and
industrial conditions in the middle
west. He wanted to know if Dayton
industries were running full time;
how the cost of living compared with
the scale of wages; in short, his
mind was keen for a general pic
ture of living and working condi-
tiOns.
Il was given to understand by
those close to the President that no
visitor to the White House from any
section of the country, who has an
important position in industry, or
art, or journalism, or any public eff
fort, escapes this desire of the chief
magistrate for industrial informa-
ton
1T is for the reason that he is so |
well informed as to actual conditions !
that President Coolidge is so opti- |
mistic. He has amassed a wealth of |
first-hand information. When it was
my privilege to pass on to the Pres
ident what information had, I told
him that business is not waiting to
be good, it is good now and is stead
lily growing better. pointed out that
the middle vests wheat crop is
the best ever grown, eX-
ceeding last years crop by 1881
900 bushels At the average farm
price Of August 1, this crop has a
value of $133,500,000 greater than
the value of the 1923 crop. This will
enable the farmer to re-establish his
credits and to become big factor
IN the buying market.
But this" continued Mr. Patter-
son, ''is only one indication of our
natural trend toward prosperity. l
was happy to tell the President that
Ill of the industries of Dayton were
and as to my own in
lustry l was able to assure him that ,
lOt only was the National Cash Reg
ster working full time, with full :
orce, but that though 1928 had been
,ur banner year for sales, our 1924
BUSINESS was smashing all records. .
told him that of our 5000 employ ,
es most of them owned their own .
omes and a great proportion of i
hem rode to work in their own au-
7
with the Dawes-Young repara- 7
ion plan actually working, and the +
vacuatiOn of the Ruhr started, it r
axes no great vision to see a re-
of foreign business which Il
) bound to aid the prosperity of r
merica.
Money is plentiful; credits are A
Ugh and unemployment is at a min \
num- No man need be out of work. A
o one today fears the bugbear of o
residential year-it always was an q,
naginary rather than a real ill
nd one of the reasons for firm bus 7
ess confidence lies in the fact that /
II present prosperity and our
light future prospects are based on
e products of our soil. That is real n,
merican prosperity, solid and we'll Of
rned. .
I'm conclusion I was able to as =,
ire the President that not for long ri
ars had all classes of industrial p,
Orkers, manufacturers, employers, 6;
lesmen. managers, had greater M
use for an optimistic outlook than w
ght now. am convinced that moth 8,
g can stay the forward industrial
arch of the United States, not even oh
e prospects of a presidential cleo Ki
N, the result of which is, in the ur
bile mind, a foregone and happy
tai