The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-09-03

There are = undHy CduScS "hh@h
must be considered as ultimately
affecting business conditions in
any specific locality" said Presi.
dent George w. White, Of the Ma
tional Metropolitan Bank. today,
when asked for an opinion regard
ing the prospects for fall and win
ter trade in Washington. This Is
particularly the case when forinu-
Iating predictions in regard to this
city, for, although Washington is
affected less than most centers by
adverse economic conditions in
other sections of the country, it
Invariably responds to any general
stimulation Of business.
"Viewing the economic horizon OF
the world at the present moment,
Il is evident that there is more
cheerful color in the sky than has
been apparent for some time. While
there are, of course, still many
after effects of the war in evidence,
almost without exception the ma
tons of the world are working
steadily back to normal conditions
of production and trade. Govern
ments are making serious efforts
to arrange their finances and to
place their debts upon a basis
which Will permit of interest pay
ments and eventual settlements
without disrupting their commercial
relations with other countries or
their internal production. This
tendency towards q return to nor
nkV1Vs al
feet conditions In the United States
in a favorable degree.
Production Normal
Narrowing the viewpoint to our
own country, we find that produc-
ton on the farms this year has
been, in nearly every agricultural
section, quite up to normal. if not
a little above normal. and this, &C.
cording to past experience, indi-
Gates wider circulation Of money
and a period of buying on the part
Of the farmer.
when the farmers of the United
States are in the market the stin1u-
lation of their purchasing power is
felt in every line Of business. When
this ability to buy on the part of
tivity in other lines of production,
such as exist at present, and when
labor Is. consequently, employed at
good wages, the stream of eco
nomic activity flows onward in
ever increasing volume and every
section of the country finds its
share of prosperity.
Such are the basic conditions,
today, in the United States, and
upon these conditions, 1t seems
safe to rest the prediction that
Washington will not lag behind
other communities in feeling the
thrill of normal business. But
Washington has other foundations
upon which to build it's expecta-
ton of healthy fall and winter
trade.
THE seat of the national Govern,
ment, While, as I have said, in
fluenced economically by conditions
In other sections, has a very solid
economic structure Of it's own
an even keel at all times. This is
the large and growing Government
pay roll which is as constant as
a great river in it's flow and which
insures an almost perpetual stimu-
liant to local business.
Washington Growing
Then, again. Washington is
growing rapidly. This has been
demonstrated repeatedly by figures
made public in recent years. This
growth Is normal and logical, there
Is nothing OF the boom element in
it and there is no possibility of Il
serious reaction such as has often
pricked the bubble of progress in
sections which have been over
exploited.
1T is obvious that in any COM
munity in which there Is a steady
increase in population there must
be consequent increase In busl.
ness of every kind. No one class
of trade is benefited at the ex.
pense of another, no class of citi.
Zens suffers through the prosperity
OF another class, but the entire
business community and the entire
population shares in the activity IN
cident to expansion
considering conditions as out
lined" concluded Mr.. White, at il
hard not to view the future with
optimism, and / am convinced that
We may confidently look for very
general and very profitable fall
and winter business activity here.
/: there Is anything in the general
world outlook, the present national
outlook and underlying conditions
in Washington itself there is no