New Britain herald., 1926-03-17
ANALYST FORESEES
 PROSPEROUS 1926
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ence, they will stabilize railroad buying"
 or the agricultural conditions, he said half the people of the country depend upon agriculture in one way or another and that despite attempts 10 do so no one can predict a crop in advance. If the farmers come out well in a profitable harvest, he explained. they will go 10 the mar kets with an added purchasing power and this will stimulate busi- ness.
 The automobile business is a problem, he declared. He said there still are people who will un- dertako to tell how many cars will be produced In the next year. but that anyone who tries in January or February 10 predict the automobile business for tho year is doomed 10 tall. In 20 years, ho said. this in- dustry has grown from nothing 10 the greatest or second greatest busi- ness in the country. The National Automobile Chamber of Commerce he described as the most efficient trade organization in the United states.
 Europe Must Be Settled
 "The United States is not going to have good conditions until Eu- rope Is permanently and thoroughly prosperous" he added. "The people of Europe are behind the Locarno program and will put 1t over" He said the artificial strip of land be- tween Germany and the west does not look good. tho Mussolini situa- ton in Italy does not look cheery, and that the financial situation In France was not sound. England, he said. will become a great stabilizer.
 The psychological attitude of the people will have q lot to do with conditions. In 1919 Q business man still believes in miracle, now ho has learned that prosperity comes only q step at a time. The peak then reached will never again Dc touched in the United States"
 Wage rates he said are too high In the United States and the next move should be iu the downward di- rtcton. "W'o might as well admit to each other that wage rates are so high that when thing is made it is doubtful if 1t can be sold at q profit"
 He sal1 over production is a con dition now existing. The shoe in. dustry he explained can run five months an1 then shut down for Ihe other seven, and stlll keep up to Inc demand.
 Mighty good alNicc 10 every producer is not to add 10 the pro- ducing capacity Of the country m 1926. Sit tight and wait for growth of the country 10 bring an increased demand"
 He said European competition now is al it's lowest point, but that no country in Europe can produce as chcaply as the United States.
 Time For Common Scnsc
 He said this is not the time for idoaiists but fer common sense. What the United States is today is net due 10 schoolmastcrs or artists or musicians, but 10 the plain, for ward businessman and manufacture CT" he said. He said it may takc European competition five years to Got completely started. but that the nited States would meet it by put ting out goods at q low rost level, with the high wages the same as they are today.
 "The business of 1926 is in the hands Of the businessmen today. would rather have 1t there tEan where it has been. i'll the hands of conFressmeu at Washington" he de- clarnd.
 He said businessmen end produce CTS by tanning everything full of goods can ruin the business of ths country now, ssad cautioned against oyer production.
 The attendance prize vas won by Attorney M D. SaXc. Entertainment vas furnished by Stanton Ashley.