Douglas daily dispatch., 1928-03-11
SMITH HOOVER
OUT In FRONT
THROUGH EAST
View Brought by Archibald
Douglas, Director of u.
v. Extension


Expressing the view that business
has reached the peak of the upswing
for the present and is likely to move
along in more even currents or perhaps
show some declines, but that there is I
no cause for any alarm because of that
fact, Archibald Douglas of New York,
member of the board of directors Of
the United Verde Extension Mining
company, arrived in Douglas yester- :
day for a visit with his brother-in- /;
law, James S. Douglas, 1901 d avenue,
and to look after his mining interests
in the state He plans to renIain in !
Douglas until tomorrow or Tuesday
when he will accompany his brother
in-law to Jerome to look after their
mining properties located at that point. |
I'm the democratic party the drifsf
about New York and in all the dast, as
understand it,, is strongly toward
Governor Smith," said Mr.. Douglas, !;
talking of the political currents as he
had observed them. I'm fact, there
is no other candidacy in that party
considered Iaround New York or I'M
New Jersey and through the east gen
orally, as I understand it. Governor
Smith has won IA remarkably high
place in the confidence and esteem OF
the people of his state and the east.
He has many admirers in the republi-
can party who would vote for him for
any position to which he might aspire
and there are many who regard him
as unbeatable by any candidate in the
sd2te of New York
s'There has been cumulative in
terest in the Hoover candidacy in thel
republican party, and while l know
conditions personally only in New
York county, it appears that the Hoov-
er forces probably have better or
gani1ltion than any of the other can
didates. 1t seems probable, from what
Z / gathered on my journey west, that
there is a rather widespread interest
in Mr. Hoover's candidacy and that
he is at present the foremost OF the
aspirantS in the republican list Num- |
erouS prominent people have aligned
themselves with the effort to nominate
Mr. Hoover.
"However, while visiting at Chicago
with business men there, it was appar-
ent that there is a strong demand for
s former Governor Lowden, natural
situation in view of the fact that he is |
q former governor of that state. tt
was interesting, in that connection, to /,
observe that event there, the Lowden
forces accorded Hoover second choice /
position"
Mr.. Douglas pointed out that the
banks of the country have an abund-
ance of money with slack demand +
for it in ''over the counter business"
and called attention to the fact that
the brokers' loans have been rising
while the discounts have been going
down for some months. He observes
something of a slowing up in enthus-
iasm in business attended by'a general
and increasing conservation, factors
that he thinks will not be hurtful and
from which he says no one need take
any alarm.
ssThere has been more unemploy-
ment in recent months than there has
been in long time in the country
generally" said Mr.. Douglas. NAT
u1ally in city the size of New York
there always are the bread lines and
the free soup houses but more re-
Gently these have, grown in number
and also in the patronage, due to un-
EMPLOYMENT in the industrial plants.
Our conditions, however, are not dlf-
ferent to those that exist in many
other points, especially through the
coal fields and the textile centers.
"AlI factors considered, it is my
Judgment that the trend OF business
has reached its peak on the present
upswing. There are no reasons, as /
view it, to entertain any alarm as to
the future, however because there
seems to be no apparent omens limiting
0f dangers ahead -
Mr.. Douglas is the senior member OF
the law firm of Douglas, Armitage and
McCann, one of the foremost legal
firms of the great city. He also is
closely associated with the banking in
tereStS there.