The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1925-04-10
BIG BUSINESS
BOOM IS SEEN
OVER COUNTRY
Industrial Leader Finds
Trend in Direction
of Improvement
PRAISE FOR COOLIDGE
Ayers Economy Campaign
Bearing Fruit Over
Entire World
PRAISE FOR COOLIDGE

New Orleans. April 1O.-ASSert1ng
that there is very little doubt that
the trend is in the direction Of inn
provement in business conditions in
general, A. w. Mcclellan. president
of the American Cotton Manufacture
ers Association. in his annual ad-
dress prepared for delivery here to-
day, urged members to work in har-
mony for the success and perfecting
of the cotton industry
The work of the National Indus
trial conference board was commend
ed by President Mcclellan, and con-
gratulatiohs extended to the indus
tries of the country "on having es-
capped, or practically SO at the pre-
sent time. one rock in particular, that
Of the recently proposed constitution
al a:nendment.'
President McLellan's address fol-
lows in part:
"There is very little doubt but
that the trend is in direction of i'm
provement as may be seen from
political analysis of trade and price
conditions. The economy campaign
inaugurated by President Coolidge is
bearing fruit not only in this coun-
try but abroad. The railroad situa-
tion is steadily improving, steel
bookings are gratifying, bank clear.
ings are increasing, federal taxes are
being reduced and economics effected
in government administration and
in private business as well. Money
is plentiful and rates are reasonable.
Our foreign trade has shown steady
growth; at home there is increasing
employment of labor. Wages have
III
"In connection with the subject of
economies and the reduction of our
costs there is cost, in fact, what
seems to me as almost an extrava-
gance that has been brought to my
attention, mean the cost of distri-
button.
"In so far as the textile industry
is concerned, we have certain pro-
blems to handle which are today cia-
moring for attention. Chief among
these is the question of foreign COM
petition in our home market, and the
effects of excessive importations of
European cotton goods on our Amer
lean textile industry.
"The fact that we have with US
this morning so many representatives
of the producers and handlers of our
raw material, affords me the oppor-
tunity of which gladly take advan-
tage, to set forth and emphasize what
is, as see it, the fundamental inter-
relationship between the producing
and the consuming branches of the
industry. That the two are not only
interallied but interdependent is now
an obvious fact. Such being the
case, if we here 'and now nut into
motion the machinery, or take the
steps necessary to bind these two
interests more closely together.
believe a great and lasting good will
be accomplished for the benefit of
all concerned.
with the improvement in market
ing operations and the increasing
number of uses to which cotton can
be put, there is no reason in the
world why cotton should not always
command a fair price. There are.
however. problems to which earnest
attention must be given. which are
offered in the common cause. Country
damage must be further curtailed
and a better grade and staple must
be grown. Also, d more stable dis
tribution must be assured.
Manufacturing operations have
been seriously jeopardized in the
past by violent fluctuations in the
market, due to causes too numerous
to mention here but the fundamental
factor has been the uncertainty as
!. to the size and quality Of the crop:
The raising of cotton should afford
an adequate return to those engaged
in it.
"The message I would leave with
you this morning is the absolute in
terdependence Of cotton production
and cotton manufacturing, and the
vital Importance of cooperation in all
problems directly affecting our COM
mon welfare. whether such problems
appear to affect only the grower or
the manufacturer, that the whole cot
ton industry may prosper and de-
, velop."