The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-04-18
GROWTH
Of DISTRICT
CERTAIN
Business Leaders Here All
Agree in Forecasts of
Roseate Future
BY RICHARD HATTON.

PASSED beyond the speculative stage
AZ daveIonment wherein there can
be any question as to its future is
the opinion very generally ex-
pressed by local business men IN
position to view the present and
the future from STANDPOINT OF
conversative prognosticatlon.
"A request for an expression OF
opinion from many OF the Leading
bankers, real estate operators, nler
chants, and investors meets with
bnt, one answer, which is to the
effect that Washington has demon
atrated within the past few Years
that il is destined to become tar
larger city than it is today ana
that it VIII surpass in beauty, size,
and wealth the fondest dreams of
q dozen years ago.
Along with this viewpoint as
aumed by those who have made the
advancement of Washington their
life interest there is evidenced to-
day an ever-growing, newly-devel-
oped spirit Of energy among those
who initiated and are still leading
In the new development Of the city,
and among the younger generation
of business men which is standing
shoulder to shoulder with the
necessary to talk to any OF the
financial, commercial or real estate
leaders Co become inspired with the
enthusiasm which is prompting ex-
pansion in all Of these fields in
anticipation OF greater activity to
come.
u. 8. Business Grows.
From time to time there arises
49, $4,000, - ,,1,&i-1,, .;v, &y,A
Government clerical force here
which. floats about in the shadows
and frightens the tinid. From the
best informed sources, both within
and without the Government serv-
ice. serious opinion may be OBJ
tained which concIllsively lays the
ghost OF Governmental reductions
having any effect upon the pros
perity or the development of the
District of Columbia
While the removal of the seat OF
government from Washington to
some other point would knock the
bottom out Of every activity in the
city, such contingency Is an absoI
lutte impossibility. and. SO long as
government is conferred here, just
go long viii government require
more and more employees rather
than less employees, because, in the
dnal analysis, government Is busis
ness, big and expanding business,
constantly requiring more DEPART
ments and bureaus, and. like every
other big business. employing more
There may be minor and tenn
porary fluctuations In the number
OF Government employees. according
20 those in a position to know, but
the pendulum will always swing
back to a higher mark for the rea-
son that the business Of govern
meht is constantly growing
business. No.
Home Building q Feature.
s The. business development in
Washington, It is pointed out, has
been in no sense abnormal. The
construction OF business and office
buildings, while keeping pace with
demands, has not been excessive,
and the steady increase in the
actual amount Of mercantile bust
ness done here has been a marked
feature OF the growth Of the city.
Probably the growth OF the resi-
Dental sections Of the city In re-
cent years has been the outstand
ing feature OF development here,
according to many realtors and
those who have aided in the con-
struction OF new homes and the
development of new residential Sec
tons. In fact, much Of the present
expansion in home sections Is due
70 the foresight and to the faith
of those who have operated along
the line Of opening up new terri
tory for home sites and construct
ing homes for sale or for rent.
Public utility companies have not
been Behind in visioning a greater
Washington, and officials concerned
With these companies are, even
how, making plans for meeting a
continued growth covering many
years in the immediate future.
Among other indications pointing
10 faith In the future of Washing
ton Is the amount OF foreign
capital which is being invested in
ocal securities. There are two
angles to these investments. They
are made because the investor be-
ieves in the future Of Washington
Ind they help in assuring that fu.
lure by the upbuilding they make
possible in the present.
Banks Great Aid.
Looming large as factors IA past
development, as criterions OF pres.
emit prosperity and as guarantors
OF future progress are the great
banking institutions of the city.
The steady growth of these many
Institutions, as indicated by record
Of their yearly progress in deposits
OBSERVATION-DISCLOSURES