The Washington times., 1926-05-13
END OF STRIKE
/ HAILED HERE
b. RICHARD HATTON

Easing OF the tension in England
Through the calling off OF the
strike which was reported locally
early wednesday morning found
immediate reflection in sentiment
OF hopefulness in regard to market
and business conditions generally
among those in washington who
keep In touch with causes and Ell
fects. The prediction was freely
made here that the market would
Immediately react to a stronger
tone as, regardless OF the results
q further negotiations between the
mine unions and the mine owners
under the auspices of the British
government, the present crisis ia
England demonstrated sacrednees
of property rights and the weak
ness OF the comfnunistic idea.
It was not believed In local
financial circles that American com.
nnercial interests had been seriously
affected by the strike or that there
would be any sustained influence
felt here as a result of the short
lived Industrial upheaval abroad.
Business conditions In the United
States, II is thought. will continue
good and there seem to be no mis-.
gfvings In regard to q continuation
OF American productive activity.
Upon present fundamental con-
ditions and orderly business prog
ress in this country the financial
magazine, Trust Companies, quotes
q number OF leading American bank.
ers as follows: Lewis e. Pierson,
chairman of the board OF Irving
Bank Columbia Trust Company. Of
New York: rManufacture and trade
continue in large volume. The
hand-to.mouth purchasing now vida.
ly practiced seems to insure con-
tinuance Of good trade through
avoiding the problem Of large, and
sometimes frozen, inventories.
George e. Roberts, vice president
OF the National City Bank, OF New
York, finds reassuring factor in
business and credit and declares:
Business has proved that it is not
to be stampeded into imitation.
Thanks partly to the country's high
productive capacity. the efficiency
Of Transportation. and the memories
of 1920 and 1921, no one appears
to have any fears that here viii
not be enough, goods to go around.
Comment by other bankers quoted
by trust companies indicates
that none OF them attribute the
recent severe decline in the stock
market TO poor business conditions
In the country or foresee anything
in the immediate future which IAN
affect business adversely to any
considerable extent. The generally
expressed view Is that a normal
and satisfactory business year may
be expected.
i
The largest class in the local
chapter Of the American Institute
OF Banking educational courses,
that In Banking Fundamentals un-
der the direction Of Eliot III. Thorn.
son, OF the Washington Loan and
Trust Company. took its final ex-
aminations Tuesday night. There
were "a in the class.
Considerable interest has been
aroused in the bronze tablet which
was recently presented to Western
High School and unveiled in mem.
DRY of the pathfinders Of the days
Of Daniel Boone. It has not gen.
orally been made public that the
generosity of the Riggs National
Bank made the erection of this
fitting tribute possible. This is
the case, however. and it is b It
another mark Of the constructive
cooperation of this famous Wash.
Ington financial institution in Ill
patriotic and community undertak-
ings. Officials of the Riggs Ma
tional Bank as well as the famous
trafl-bIazer. Ezra Meelxer. were
present when the tablet was pre-
scented.