The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-10-03
Richard Hotton-

After an extended business trip
to England and the Continent, I
am more than ever convinced of
the solid foundation of the present
economic structure in the United
States and the general business
outlook here" said Vice President
A. c. Waller, of the International
Bank, today.
Mr.. Waller has had wide exper-
fence in international finance and
is a keen observer. During his re-
cent trip abroad he was given ex-
ceptional facilities for analysing
conditions affecting both the
political and financial life of Europe,
with especial reference to, England
and France.
His deductions in regard to the
ability and willingness Of France to
meet her obligations to the United
States are of considerable interest
at the present time and he has
founded them upon clear insight
into present conditions and the
possible future trend of events
abroad.
O@SSASAAAgAG0
OF more particular interest to
business men and residents Of
Washington, however, is the state
ment emphasized by Mr.. Waller
today that never in its history has
this city faced greater possibilities
in the way Of development than
at the present time
Mr.. Waller includes the entire
country in his optimistic prediction
predicated upon the state of bust
ness and the possible Governmental
upsets in Europe and the steady
political trend and unconditional
prosperity evident here.
THE economic contrast between
| the United States and the major
i nations Of Europe is marked" de-
clared Mr.. Waller. While efforts
are being made abroad to work
back to pre-war conditions the
havoc has been so great that the
process is slow and fraught with
many difficulties. European gov
ernments are facing social and
| economic problems so stupendous
and SO hazardous that they appear
at times almost insurmountable
and, it is quite possible, that the
world will witness some decidedly
| drastic changes in Governments be-
fore anything like normal conditions
are restored.
Il was in no way surprised" con-
tinued Mr.. Waller, ito find upon
my return that business conditions
here had fulfilled the expectations
of those who earlier in the season
foresaw general improvement
throughout the summer. With
very few exceptions and in all lines
of commercial activity there has
been steady Improvement. This
seems to have been especially
marked here in Washington where,
l am informed, business has more
than held its own through the
| normally dull season.
Sees Continued Prosperity
Beyond question: declared Mr..
Waller, Washington already has
entered upon a period of sustained
business activity which will carry
on through the fall and winter re-
CARELESS Of world economic condi-
tions. In fact, this city has now
reached the point in its develop
ment where it Is not bound by ex-
| ternal business fluctuations. OF
course, should there come about a
prolonged perod of general business
depression in this country, Wash
| ington would, possibly, suffer to
some extent. But, under normal
conditions, such conditions as OBJ
tain in the United States today and
which must inevitably continue for
a long time, Washington will con
tinue to grow in population and in
business opportunity"
Coming direct from the more or
less devitalized economic atmosphere
Of London and Paris, it is like
taking a deep breath of clear, cool
air TO step into the business life
OF the Capital again. There is a
spirit of optimism and progress
here which is decidedly stimulating
Such a spirit" declared Mr. Waller.
lis not based upon fictitious
promises. u ~ the outcome Of
conditions which actually exist and
which point 10 continued prosperity
For the immediate future and fur
the distant future, the path of
| Washington D. we'll defined ~ th,
capital - the greatest and richrst
nation n the wurid n VIII con
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- foreign debt settlements dntusiii
imllilrnl uuhrnNHiH ui sectional 900
duHirinl ur rfnp sstllarhH NJ tnrfs
ttrl WIS cts 90 DESTINY IA a.
ihiH steadily EFnwluH national
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