The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-10-29

I'm considering the business out.
look in Washington" said Lanier
P. McLachlen. president of the
McLachlen Banking Corporation,
today, sit is obviously necessary
to take into consideration those
contributory causes and effects
which are manifest in the country
at large.
while Washington has much in
the way Of special influences in. its
business life, 1t also must react
to the general national economic
condition.
THE prediction was made last
SUNNI +. said cor.r9 Mr. o, MSAa eanri
ence q period of industrial activity
in the early fan. There is now
concrete evidence that this predlc.
ton has been fulfilled.
TT is not possible. however, to
say that business generally is far
above normal. but it = Is most Ger.
tainly at normal at the present
time.
1.-THE reports from the great steel
centers, as well as from refill mer-
chants generally, show new rec
ords for the first nine months OF
the year, while there is no doubt
regarding the largeness Of the pur-
chasing power Of the farmer.
with basic conditions through
out the country as mentioned above,
II Is not hard to reach the concIl-
zion that there can be no business
slump In the near future and to
vision q continuation Of the pres
ent business activity SO generally
In evidence in Washington until
we swing naturally into the win
ter business season, which prom.
ises to be one Of the best that
Washington has ever experienced.
Many people do not realize that
Washington has within recent years
grown into the big city class and
that the demands Of the constantly
expanding population are yearly be-
coming greater.
; ut Is obvious that while there
may be dull seasons in Washington
there can never again be dead"
seasons, and we may confidently ex-
pect good business here all the year
around.
1T has been OF exceptional note
this summer that, in spite Of the
vacation season, business has been
maintained above normal In nearly
all lines and that home building
When these conditions obtain In the
dull summer months 1t is plain that
with the reassembling of Congress
Washington will feel a new thrill
Of business activity for which It
will be well to prepare in advance.
Short Of a great national disaster,
which seems an impossibihty, moth
ing can stop this city from con-
! tinuing a steady commercial growth
a;cng with its material expansion.
THAT Washington Is destined to
become a much greater city than
| 1t is at present is indicated by the
plans being made by the Govern
| ment for its Development. These
fictitious sentiment, but upon a cold
and logical study Of causes and
effects and the expanding require
ments Of the Federal Government
ir the way Of offices and official
personnel.
LAS the Government require.
ments are enlarged the business life
! OF the community must expand and
this, in turn, brings its quota of
/ new population and new enterprises.
Even his fall there will be a
| larger population to be supplied
than there was last fall and, more
over, according to present evidence
| in the way of bank deposits, this
population will have at hand more
money to be put into circulation
/ than was available last year.
/ Under these conditions 1t is evident
that the demand for commodities
/ of all kinds will be stimulated, and
when this occurs, business IS good.
| Taking these things into con.
sideration, 1t is hard to find any
| ground which the local business
pessimist can stand.
i I'm fact, II there are any who
are pessimistic regarding the bust
ness outlook here they must be
blind to the evidence and the facts.
washington must reflect the
general condition which obtains
throughout the country and the
Federal Reserve Board reports that
savings deposits in banks now are
at a higher level than they were
a year ago.
This would indicate that the
average income now Is higher than
1t was a year ago or that living
Is costing less and that people
! are able to lay aside a certain
percentage OF their income. This
is a condition which has ALWAYS
indicated the advent OF O prosper.
GUS business season and the rule
may be applied to Washington al
this time with particular emphasis
1T seems evident, beyond any
doubt, that Washington is, even
now, entering upon an expanding
ENnau H.