The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-09-15

That general business conditions
in Washington this fall cannot
help being completely up to nor
NAL" lis the view expressed today
by Vice President Francis G.. Addi-
sbno. jr., of the Security Sayings
and Commercial. Bank.
Mr.. Addison is conservatiyely opti-
mistic in his views regarding the
immediate future and refuses to be
lead into extravagant* predictions.
although be has an abiding faith
In the future Of Washington and
the stability Of it's commercial life.
Speaking specifically OF the pros
poets for the fall and winter bust
ness here, today, Mr.. Addison said:
From president indications busi.
ness in Washington cannot help be-
ing completely up to normal. The
usual situation of a Congressional
session will be felt, Of course, and
the generally more healthy business
tone throughout the country cannot
but be reflected here.
I'm addition to this, 1t is an,
obvious fact that Washington - at
tracing more and more attention
from the rest of the country and il
the Mecca for many who will spend
from a week to an entire season
here merely for their own pleasure.
while this class of resident may
not add anything go the permanent
prosperity of the city, IT does con-
tribute in a considerable degree to
the business life Of the community.
Generally speaking" continued
Mr. Addison, every report based
upon a study Of these conditions
which normally affect business In
this country indicates that There Is
very little in the outlook that is
unfavorable to a continuation or
present conditions, which are, I'M
doubtedly. good. e
'It is worth noting that this is
year in which there will be very
little in the way of politics to up
set the trend of business and, also,
as q general thing, wages through
out the entire industrial structure
of the country as in Washington
are being maintained at high
level.
cit seems from a consideration
of the reports Of the Government
experts that agriculture is assured
higher prices this year for its
products than were obtained last
season and this is always consid-
cred good economic sign by
those who predict with the author
ity of expert knowledge.
Added to this, there seems to
be abundant bank credit available
for business expansion and, from
all indications in local banks. there
is a present desire on the part Of
the public to increase it's savings
account. While there would seem
to no connection between savings
accounts and expanding business,
/ have always noticed that during
times Of individual thrift and saw
ing business has shown increased
strength.
This seems to one Of the ways
in which the financial sonndness
Of the community is demonstrated
and saving leads to good business
Just as good business leads to
saving.
at is not hard thing" con-
tinued Mr.. Addison, Ito predict nor.
NAL business activity in Washing
ton, and that is one Of the finest
things about the National Capital,
for, no matter what may occur to
upset conditions in agricultural or
Industrial sections of the country,
this city is assured Of the continuing
buying support of a very large
class Of Government employees.
However, Washington has passed
beyond the point where 1t exists
solely upon the Government activi-
ties located here and that is one
more reason why we may expect
normal business expansion to con-
tinue for many years with each
year better than the year before,
providing, of course, that there is
no unforeseen general business de-
preston throughout the country
brought about by causes In no way
local to Washington.
ut is TO bc hoped" concluded Mr..
Addison, that there will never be
| anything in the nature of boom
| in Washington. The city has pro-
ceeded along a roraml course IF ex-
pansion both in business and in
| population for many years, and l
see no reason why there should not
be a continuation of tl1lS normal
trend during the fall and winter
/ 81