The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-10-08
ST NEWS AND QUOTATIONS OF THE FINANCIAL MARKETS
BUSINESS
Outlook for The FAN and
Winter Months in
Washington
A Daily Interview With
Prominent Bankers and
Business Men
BY Richard Hatt0n-

THAT washington has ceased to be
a seasonal city" so far as its
business life is concerned Is the
opinion expressed today by w.
Reginald Lewis, cashier OF the
Northeast Savings Bank.
Mr. Lewis has watched the prog
ress of the District of Columbia for
many years and has q keen appre.
citation Of the elements which have
contributed to the present rapid de-
velopment, both within the city and
In the surrounding territory. The
Northeast Savings Bank Is located
in q section OF the city which has
registered notable gains in business
activity and in real estate values
in recent years, and Mr.. Lewis be-
ieves that the city win continue TO
develop along normal lines without
great or spasnodic fluctuations.
During the past two months. :
said Mr.. Lewis today, "our inatitu-
ton has shown more activity than
during any similar period in the
past five years. Savings deposits
are steadily increasing and this may
be taken as. q certain indication
that employment Il general and
wages good. Moreover, continued
Mr.. Lewis, ''basin economic condi.
tons IN the District Of Columbia
are absolutely sound. There has
never been a time In the history of
the city when the business outlook
WIS more encouraging.
Activity Continues
ssBuilding In this particular sec.
ton" stated Mr.. Lewis, has been
active this season and Is continuing.
Real estate. also, has found stimu-
lated market, especially In the de-
rnand for moderately priced houses.
This condition seems to obtain in
other sections IF the city and there
has been g. remarkable suburban
development In practically every
direction. II is obvious that when
people are investing In homes with
In an accessible radius OF the BUSH
ness sections Of any city. that the
city itself must register material
business gains. attribute much Of
the present suburban home buying
activity and the development that
ia reaching farther and farther into
sections OF Maryland and Virginia,
outside of the District OF Columbia
lire to the increasing us0 Of the
automobile. This outlying develop
ment win continue to Increase and
each year will lind the normal BUSH
ness of the city reaching q higher
mark.
There Is nothing extraordinary
about the growth OF this city" con-
tinued Mr.. Lewis. 1T has pro-
ceeded and Is proceeding, along the
lines foreseen by those who origin.
ally planned the Capital. The vision
OF those early citizens of the Dis.
trict of Columbia Is being realized
today and the wisdom Of many OF
our older financieTs and business
men has been fully justified.
On Solid Basis
while there may have been some
speculative development here" Mr..
Lewis suggested, the general trend
Of city building has been upon q
solid basis and the Strengthening
and enlargement of business under
takings has been AMPLY justified by
the increasing population end its de-
rnands for commodities. One Of the
most normal features Of the growth
OF the city has been that business
has kept pace with population and
that there has been neither an over.
DEVELOPMENT nor an underdevelop'
ment in any line.
''I can, at the present moment.
vision nothing short OF q good fall
and winter business season here,
said Mr.. Lewis. The economic
condition of the country as whole
is normal, That is, business is pro,
ceeding along expanding lines and
will undoubtedly continue to OK
pand without any sudden overturns.
The country is generally prosper
GUS. and there Is no reason to ex-
pect that the normal business
growth will not be registered
throughout the fall and winter.
The same condition that obtains in