The Washington times., 1925-09-22
By Richard Hatto

Closely associated with the BUSH
ness development OF Washington
for many years and Intimately con-
nected with many Of the most con-
structive enterprises undertaken in
the interest of commercial and
financial expansion here, President
| William Muehleisen, of the Mount
| Vernon Savings Bank. is a Wash
ingtonian who knows the city and
| its possibilities with an intimate
knowledge which renders his judg-
ment as to every commercial angle
of especial value.
Mr.. Muehleisen knows hisl city,
and believes in it, and has assisted
| in its advancement.
II believe the future of Wash
ington is absolutely assured, de-
clared Mr.. Muehleisen today. In
vestment in Washington today,
believe, is as desirable as is invest
mcnt in any other section of the
country. Washington has a stable
and conservative period of steady
advancement ahead, which is more
desirable than would be anything
! in the nature of boom or tenn
lspOrary period of initiation Of values.
The banking business, continued
Mr.. Muehleisen, lis better today
than at any time since the organi.
zation OF the Mount Vernon Saw
ings Bank. This is true Of the
| banking business in general. y De
posts are increasing, while, at the
same time, there is a steady de-
mand for money maintained A
steady demand for money indicates
prosperity. There Is another indi-
| cation that business is good in the
steady expansion OF our mercantile
establishments, made necessary by
| the increasing demands of the buy
ing public.
II had occasion recently, contin-
Iued MIR. Muelleisen, ito drive over
/ into Virginia and was frankly
amazed at the rapid development in
E'evhdence in the territory in that
section. The growth witlain the
past few years is astounding The
beautiful country surrounding Wash
ington in every direction is being
filled with a most desirable popula-
ton which is bringing large amounts
of outside capital here. Much of
this will be invested in Washington
and will contribute to the material
progress of the city In no uncertain
way. The purchasing power of the
INCREASING population must, also, be
a powerful element in our develop
ment.
For many years" continued Mr..
Muelleisen, Washington was mere
ly the seat of the National Govern
ment. That was important, Of
course, but the city had very little
attraction for the American public
at large. Today, it is one Of the
most beautiful and interesting CAPT
tails in the world and it is, yearly,
attracting more and more visitors
Again, the Importance of the Capt.
tai of the United States as a world
center has been greatly enhanced
in recent years, while it's desirability
as an educational center has been
recognized by a number of great
institutions. Great commercial in
terests are, also, focusing their att
tention upon this city as
convenient place in which to main
tain headquarters and there is no
reason why we should not develop a
certain line of industries near the
city which will add their weight TO
the prosperity side Of the civic
scales without in any way marring
the artistic beauty of the city,
Surveying the present business
outlook here" said Mr.. Muehleisen,
with especial reference to the fall
and winter. II cannot see one fac
tor in the situation which points to
anything but prosperity. The en-
tire country seems to be in the
midst of a logical period of indus
trial and commercial expansion and
the results of this substantial move
ment must, of necessity, react local!
ly, to. the advantage of our own
business and financial efforts.
ITO those who have watched
Washington develop" concluded Mr..
Muehleisen, 1T has been noticeable
that there has never been what is
designated as a boom here. On
the other hand, there has never
been a prolonged period of business
depression. Over the period of a
generation, at least, Washington has