The Washington times., 1926-06-30

ne VIII IN some mysterious wa,
There is no question, however,
Is 10 the present state Of busi-
ness. in Washington, e the close
ef the first six months of the
gear, .Or IS 10 the prospects for
continuation of the GENERALLY
.eafisfactorv commercial: curve to-.
ward even higher levels during
Che remaining six months of 1926.
As. a good physician places his
trained fingers upon the pulse Of
! patient, so good banker con
stantly has his trained mind upon
the pulse OF business in his COM
Ynunity, and, In each case, 4
scfentific opinion Is arrived at from
the pu1seheats. The following views
OF number OF prominent Wash
tngton bankers form, possibly, the
most accurate criterion by which
business conditions here during
the first half Of the year and pros
pects for the second half year
may be judged.
Local business In general Is In
good healthy condition, said
President LanIer II. McLachlen, OF
the McIsachIen Banking Corpora
ton, today when asked for his
views. = see no reason to antici.
pate any change for the worse In
the coming months.
Along similar lines was the opiIls
Ion Of Vice President John d.
Leonard of the washington Savings
Bank, who said:
Because conditions In Washing.
ton are encouraging and Il am very
optimistic Of even better develop
ment during the rest OF the year,
there are q few pessiinists who
would paint a gloomy picture, but.
thay are very much IN the,
minority"
Better Than Acreage Year
..we have had betters than an,
average year SO far declared vice
Presidents Francis q. Addison. OF
the Security Savings and Com
nerciaf Bank. while westher
conditions have been uuseaspnable
for some lines the volume Of bus:-
ness-in Washington has shown an
increase that, to my mind. Is salts
factory
vice President Harry G. Afeem, OF
the Washington Loan and Trust
Company, said:
eEusiness IN Washington is good
al things considered, and com.
pared with the first six months Of
last year. The outlook is, also,
bright for the balance Of the year.
! President Victor B. Deyber, Of
Athe Second National Bank, declared
Amphatfeaily that business IL
Washington shows an increase
Or that recorded for the same
iod last year with prospects Tor
a better business during the
six months. .
ecAiness I'm general" said Elk
Cath Vice President Albert s.
EanRof the Lincoln National
the ffas been very good during
WeathAsix months Of the year,
some lfApnditfons have affected
extent but not to an alarming
will ayersr these affected lines
basis of mp satisfactorily on a
not wise Aentire year. 1t Is
period of tE1eke any particular
but business sar as criterion,
the results Of Al1d be judged by
II see nothinlsntire year
Washington forQt prosperity in
declared President next. year,
key. Of the Nation& orge I. star "a.
tngton. At presentR NIX OF WASH
most all lines is nofiness IN al
Vice President j.
Of the same institutioRk Wnite'
Business in Washik ald'
step ahead Of last yearW
- every reason to belief tners
continue to progress norf VIII
the next six months lot
A note OF warning was
by Vice President Thomas P. Srea
man, of the Franklin NaEk
Bank, when he said: i
Business in Washington at pA
ent is satisfactory and the Of
look for the remainder Of the We
IL promising. The only possib
trouble will arise for those who
not take full advantage of the O
portunittes offered by present de
conditions
Business Is Sound
President Robert " Fleming
the Riggs National Bank, said er
phaticalfy:
Business in Washington tods
Il absolutely sound. The first 81
months of 1925 show progress oVc
the same period Of 1925. Washing
ton, today, clearly shows evidenC
Of becoming one OF the create.
cities in the world"
Vice President Howard MoraI
OF the American Security and Trut
Company. and also president
the District of Columbia Banker
Association. said:
while the unusual weather COZ
ditions prevailing here during tn
past few weeks may have ha
some temporary effect upon Gel
tain retail lines, general bushes
Is as good, IL not better. than a
this time last year and prospect
for a greater volume of bushes
during the remainder OF the yea
are bright
washington. said President Wi
liam L.. Hoover, of the Natioha
Savings and Trust Company. ~
growing and will continue to Asroy
for many years. Increased expendI
lures by the Government are AZ
stlred. Under these circumstances
It would be impossible to expect any
thing more than normally profita iol,
business expansion during sfle com
ing months ana years
General business conditions II
Washington have been, at least
n0rn1aL" stated Vice President Viii
nler Waller, of the Federal. Amer
lean National Bank. "Considerine
the many elements entering int
and affecting business conditions
: can see no reason why we should mo-,
eHT1Acf aarYnaI. - $500 4LA-ELn.