The Washington times., 1926-12-31

1 Company, land Washington Will con.
tinue to grow normally through the
years ahead as it has grown In the
years that have passed. There can
/ be only one conclusion to draw, that
is that business in Washington in
| 1927 and ID succeeding years must
expand to meet expanding demands. :"
4 President George o. Watson OF the
| Liberty National Bank said: "Whilc
| there may be some slowing down, or
even. recession, in business through.
out the country, due to general con-
ditions, / do not believe there will
be any serious business reaction in
| 1897, especially IN washington,
where we have every element neces.
sary to carrying forward in 1927 the
excellent record made in 1926"
Good business and prosperity
will continue In Washington" an
nounced President Wade H. Cooper
/ of the Continental Trust Company,
because this. city is immune from
i conditions which frequently pre-
| vail in other cities. AS to the bal
ance Of the country, my prediction
| is that business will be spotty,
but that no devastating panic Will
befall and nothing of an alarming
nature will transpire."
President Harry v. Haynes of
the Farmers and Mechanics Ma
| tionaI Bank stated that ''the east
| ness Of money which we may ex"
pect to prevail after the January
/ dividend disbursements and the
continuance of the demand for
labor and merchandise should pre-.
vent any decrease in our present
prosperity"
SIN the next ten years the Gov:
eminent will spend more than
500, 00O,000 in Washington" de-
clared President Thomas e. Jar.
rell Of the Washington Savings
Bank. Many millions will, also,
be spent here by other interests.
With this as basis, it is obvious
that not only 1927 but continuing
years will measure increased pros
perity."
Good Year Here
President Lanier p. McLachlen of
the McLachlen Banking Corporation
said: There Is every prospect that
business results in 1927 Will equal,
or, at most. fall little below those
realized in 1926. Conditions in
built upon safely and surely in
business planning for the coming
year. / have reason to think with
others who have voiced confidence
in the future that 1927 will be a
good business year in Washington.
There is no reason to be ap-
| prehensive regarding business in
washington in 1927" stated Presi-
dent Floyd E. Davis Of the Lincoln
National Bank. 1.-THE logical de-
veIopment of the city insures prog.
ress and this will be made the
more speedy by reason of the work.
ing out of the Government pro-
gram of building and the increas-
/ ing interest being taken in Wash
ington as the headquarters of many
l ing unusual or startling or boom
like but a steady and healthy ex-
pansion ahead"
Vice President c. II. Pope of the
Munsey Trust Company said: 1.-THE
Government expenditures which are
to be made here are bound to
seep back into commercial and fl
nancial channels, building up and
bouying up the entire business fab
rio of Washington. not only in
1927, but in 1928 and succeeding
years. In addition to this, Wash
| ington may expect continuation
of that expansion which is the
logical outcome Of its position as
the Capital CITY,"
Great Expansion Coming
1.-THE beginning Of Greater Wash
| ington will be on January !, 1927, :
declared President John r. Waller,
Of the International Bank. 1.-THE city
will have its greatest period OF ex-
pansion in the next five years. We
are at the beginning of a new era
dominated by a new spirit and bust,
| ness cannot help feeling the urge to
greater prosperity"
Executive Vice President Bertram
| Chesterman, Of the Morris Plan
Bank, said: 81 think 1927 business
conditions in Washington will be
| quite as satisfactory as IN 1926.
/ Washington has very little BUSINESS
| fluctuation and the normal eXpan-
sion Of the city tends to make bIsi
ness better each succeeding year"
1.-THE prosperous year just end
ing" said Vice President Frank u.
Stone. Of the National Savings and
Trust Company. "and the basic
economic conditions generally justify
the belief that business in Washing
ton will continue active and that un'
I ing VIII LChtdlLl
sound during 1927"
Vice President Francis G. Addison,
OF the Security Savings and Com
merciaI Bank, said: II see nothing
in the coming year to put oostruc'
ton in the path of progress. We
will continue to move forward at a
normal pace"
eff everyone gets on the job
keeps on his toes and looks after
his business" declared Vlcs Pres
ident Thomas p. Hickman of the
Franklin National Bank, II am sure
1927 will be as good year as We
care to make it."
J. D. Howard, cashier of the
Seventh Street Savings Bank, said
with business activity generally
maintaining the present level there
Is little chance Of anything happen
= ing in 1927 that can work to the Diet
riment of conditions in Washing
, ton"
President r. L. Schriner Of the
Bank Of Brightwood, said: Wash
ington reflects the general economic
!. conditions OF the country. ! believe
. there will. however, be q return Il
/ more normal conditions in 1927"
Much of our 1925 prosperity was
due to building of small homes al
+. over the country" said Presiden
!. Ezra Gould Of the Washington Me
chanics Savings Bank. "In thiI
{ Washington was no exception. l
!, the demand in this direction hal
e been met the problem which faces