The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-09-26
BY Richard HattOs-

President Thomas e. farrell. OF
the Washington Savings Bank. is
one of the well-known business
, figures in the city whose large and
diversified interests have given him
! practical knowledge Of conditions
which renders his judgment as to
the general business outlook par
ticularly forcible.
Mr.. FARRELL does not base his
views upon appearances, but goes
back to solid economic facts for his
foundations.
Speaking today of the business
Washington, Mr.. FARRELL said: "An
impartial consideration of the fac
tors which are generally credited
with influencing commercial condi-
lions can lead to but one conclu-
sion.
THE outlook here for the fall
and winter in a business way is
better than it has been for many
years. In the first place, Wash
ington has experienced q good bust
ness summer. considering the sea-
son in comparison with past years.
I'm this the city has been in line
with the rest of the country and
has responded to the same inf1u-
ences which have tended toward
better business everywhere.
That the general business out.
look is up to, If not above. normal
is indicated in reports OF manu-
featuring activities in practically
all lines and in the volume of
orders reported through the trade
journals as having been placed by
wholesalers and retailers.
If this very general business
optimism. as indicated by large re.
tail orders, is prevalent in prac-
tically all other sections of the
country. it seems logical to ex-
pect the same conditions to obtain
here.
I'm fact" continued Mr.. farrell.
there is a practical certainty that
better business outside of Washing
ton means better business in Wash
ington, because, utter all, this Is
the hub of the United States and
the spokes Of the business wheel
lead from the industrial sections,
the agricultural sections. the com
mercial and the financial sections
directly to the National Capital.
Outside Of the influence Of gen.
eral business conditions, however, "
continued Mr.. farrell, "the fact
must not be overlooked that Wash
ingtOn has undergone a tremendous
change in recent years.
ITO the old-time Washingtonian
who has been away from the city
for a few years vne development
which has taken place seems almost
unbelievable.
"On every hand the city has
spread out in tremendous circle of
residences and new communities.
Each one of these communities is
growing and those who are making
their homes in them are permanent
citizens Of the District OF Columbia
or of the close-in sections of Marv-
land and Virginia.
For all practical commercial pur-
poses those who reside in suburbs
over the District line are citizens of
Washington and our local business
is enhanced through their purchas-
ing ability
81 believe that the growing de-
STABILITY of this section of the
country as place Of permanent
residence Is as potent a factor in
the business expansion OF Washing
ton as is the generally prosperous
condition Of other parts Of the coun-
try.
I'm any event. the combination Of
general prosperity and locally in
creasing population has created q
condition here which makes the
prediction Of good business future
an absolute certainty
The Judgment of local rne--
chants regarding the prospects and
probabilities in a business way"
continued Mr.. farrell, may be re-
lied upon as being based upon
sound PREMISE.
THE expansion of some Of the
leading stores of the city may.
therefore. safely be taken as indi.
eating that those who are directing
these business institutions foresee
the need for increased facilities for
serving their customers. Likewise.
the activities Of real estate firms
In opening new subdivisions and
OF builders in constructing new
homes for the market indicate that
In their Judgment. there will be
an increased demand. These are
signs which may not be ignored he.
cause they are backed by the iudg-
ment of the best business minds In
the community"
washington" concluded Mr. Tor.
red, has very little to offer the
SPECTATOR, either in business or IN
real estate. Its development has