The Washington times., 1924-04-21
TRADE FIJI URE
DEPENDS ON
CONGRESS
Vigorous Forward Move in
Industry Held Back by
Uncertainty OF Laws.
BY Cosmopolitan News Service.

BY Cosmopolitan News Service.
Views Of nationally known execu.
tives on the outlook for trade and
industry, as expressed for The
Washington Times follow:
BY B, l.. WINCHEL, president
Remington Typewriter Company;
The business future depends on
how soon Congress will get down. tc
real work. and do what it was sent
to Washington to do. The country
is all ready for another vigorous
forward move in business and in.
dustry, and Is being held back by
uncertainty in important Legislative
matters,
do not look for Improvement in
European affairs until some such a
movement as that inaugurated by
the Dawes examination and report
enlists the cooperation of the
principal nations of the world. The
men who conducted that examina'
tion will never receive sufficient
credit for the wonderful thing they
did,
BY CHARMING H. FOX, governor
OF Massachusetts: At the beginning
of the year business men were hope
tul and looked forward to a general
expansion.
They expected a speedy revision
Of federal taxation.
When Congress failed to give
the constructive relief necessary
business men became fearful,
1t now appears that the members
of Congress are hearing from people
at home in no uncertain tone O1
0tsappreval.
1 lpok for a cessation of talk In
Washington and constructive relial
20 business and, with such action
g. general expansion of business fol
the remainder of the year,
BY G. WILBUR MILLER, presl
dent, Dawson Chemical Company
Baltimore. Nd; There is no prob
lem facing American business today
20 grave as the political crisis befor,
US. Business men have, devoted
their entire attention to industry
and have ignored the state a,
though one were not dependent OF
the other. Government has beer
delegated TO professional politieiaaI
who have the one idea in mind-tC
please public prejudice rather thar
work for the best interest of theil
country, and therefore all the citi
gems. The old world is getting OI
its feet and we are shedding for de
struction unless all business mel
stop complaining in their offices arc
get their coats off for organized in
fluence in the affairs of govern
ment. With honest administration
of political affairs American busl
ness will $50 forward and benefit al
the people.
BY JOHN H. MOODY, noted
financial expert and economist Noi
Angeles; political Investigations
such as the one in Washington
never go much below the surface o
things. Fundamental influences onl,
affect business, and the Washington
investigation is a political fight.
I'm year or two when the Eu
Eopean situation has been settled
and stabilized, the result twill be al
enormous increase in both export
ing and importing business.
"Call money in Wall street is thu
lowest it has been since 1916. Thu
speaks we'll for the trend of SOUND
business in the country"
BY o. H. FISHER, president Oak
land Chamber of Commerce-"Busi
ness conditions in Oakland are good
Bank clearings for the first -four
months in 1924 were $206, All, 6S7, es
against $186,006,762 for the CORE
spending period in 1928.
"Since January l ninety new in
dustries have been developed and
twenty-five new industries have 10
Gated here. Building permits fol-
the first quarter of 1924 show 6
total of $f.166,154, as against 36,475.
GAS for 1929, which was a record
breaker in point OF, building permits
issued"
q BY CHARLES DONNELLY, presi
dent Northern Pacific railroad min
neapolis)-"After an inspection triI
over our lines l am convinced that
there will be a favorable volume Of
business by the close Of the year
Agricultural conditions are good
there being plenty of moisture ir
the soil, and wnile the wheat acre
age will be reduced, this will be
offset by increased acreage in other
grains. Northern Pacific freight
traffic is increasing, and a con
tinued Improvement in revenue Ii
indicated during the next nine
months"