The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1926-01-01
BUSINESS BOOM
SEEN FOR rs
BY RICHARD HATTON


Possibly there has never been
such glowing picture of prosper
ity as that which was encompassed
in the 365- days ending at midnight
December 81, 1925. And the prom
Use is that when the record of
1926 is finally splashed upon the
now solid color background, the
finished picture will surpass in
brilliance, the masterpiece of 1925.
The level of purchasing power OF
the American people has never
been so high as it is today, and
there is a general agreement among
economists and, business interests
that this power will be Increased
rather than diminished throughout
the coming twelve months.
In so far. therefore. as our pros
perity is based upon our earning
power. the year whiehs starts upon
It's way today will be a sbetter bust
ness year than any that has pre-
ceded it within the memory OF the
present generation. Conditions IN all
lines are. today, sound and, with
the possible exception of the agri-
cultural situation. which cannot be
certainty anywhere.
Taking business in the United
States as mass proposition it viii
continue to move forward during
the present year. barring unforeseen
events. with a steady increase to
the impetus which has carried It
10 the present satisfactory level.
Undoubtedly tlfe-Fe deral Reserve
system will continue throughout the
new year that efficient funct1onlng
which has been so conspicuous in
the past while there is promised a
relief from taxation which VIII De
felt all along the line.
The rehabilitation of Europe with
advancing economic prosperity viii
have its effect in this country and
will add to the prosperity of Amer
lean manufacturing interests and
all of those effected by industrial
production.
The crest of the present wave OF
national prosperity has in no man
ner been reached and the mass III
.citizens call on both capital and
labor to see to it that the wave
rolls on throughout the year free
from their personal chickering's at
the expense of the general public.
Here in Washington it is not
difficult to vision the future. The
pace has been set by the immedi-
ately preceding years. The city is
growing in population and in
money power.
Its financial institutions. its ex-
handing mercantile activities, its
thriving real estate market and its
present world Importance will re-
main the dominant factors in 1926
and the future as they have been
IN 1926. The city's destiny is to
become the greatest and most
prosperous capital in the world and
nothing short OF national destruc-
ton can prevent the fulfillment OF
that destiny.
Merchants and business men of
the city. financiers and realtors
are a practical unit in forecasting
a better year ahead than the one
which has just closed.
The voloume Of business will far
surpass that of 1925, the accumula-
ion of bank deposits and the ex-
pansion Of banking business will
be far greater a year from today
than that which viii appear in the
bank statements covering the quar-
ter which closed yesterday.
These predictions are based upon
q careful survey of all elements
entering into the business and ma
terial life of the city.
country and with the whole world.
10 today facing the greatest year OF
expansion in history.