Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-01-27
1929 IS PREDICTED
PROSPEROUS YEAR
Business Excellent, Win Be
Better in Most Lines,
Says Auto Maker.

"The year 1929 should be one OF un-
precedented prosperity. Good times
should be experienced not only by the
great majority of our people but by
| those Of almost every other country In
the world which is at peace. war Is
the enemy of prosperity. Nations which
turn to the sword and machine gun are
bound to suffer" So states Walter P.
Chrysler, president of Chrysler Cor
poration.
The present rate of prosperity, which
would have been considered abnormal
only a few years ago, is In thorough
keeping with the modern speed with
which we do things--a speed to which
the automobile has contributed mighti-
ly," he continued.
Generally speaking, business Is ex-
cellent and will be better in most lines.
Manufacturers, wholesalers and retail
erS are not unduly overextended in
credit Industry is not suffering from
the overproduction which has some
times characterized it in the past.
can see nothing but good signs along
the road Of business for the present
year.
II believe the United States and
Canada will export during the year ap-
proximately a million automobiles, thus
realizing an ambition that has domi-
mated our manufacturers for some time.
$i2S,O00.000 Exports in 1928.
People all over the world are turn
ing to the automobile. Its economic
and unitarian value has been firmly
established. Both foreign and Ameri-
can manufacturers are now supplying
comfortable, efficient annd economical
machines within the financial reach of
increasing numbers of persons in all
countries. The fact that we exported
$425,000,0 900 worth Of automotive prod
ucts in 1928 has contributed not only
to the prosperity and the new produce
ton and sales record just made by the
automobile industry, but has had q ire
mendous influence in popularizing all
types OF motor cars abroad, foreign as
well as American.
"Other governments are beginning to
take intelligent notice of the growth Of
motoring among their peoples. They
are encouraging this factor of pros
perity and civilization by creating new
highways and by many other means as
we'll
During the next decade vast terri
tories in South America, Africa, Aus
tralia, Asia and elsewhere will be de-
veloped to higher state Of agricultural
and industrial activity. believe 1929
will witness notable progress in this
direction largely through the importa-
ton of motor cars and the creation of
new highways through jungles, plains
and deserts.
II believe Mr.. Hoover will make o
great President. believe that under
his calm and intelligent leadership q
new world peace and understanding will
be effected: that there will be much
forward movement during 1929 in the
very necessary construction of good
roads in this country, the adoption Of
uniform and sensible traffic regulations,
with much attention to the question Of
public safety and some progress toward
the adoption of efficient remedies, and
the intensive development, through pub
lie works and otherwise, of localities now
held back by lack of good roads, deep
waterways and other facilities.
1929 Auto Is Hailed.
"The 1929 automobile is the best that
has ever been built. For remarkably
low prices the American public is secur-
ing cars which, in their engineering
construction and luxurious equipment,
simply did not exist few years ago at
any price.
Aviation will attain greater strides
in 1929. Innumerable new uses will be
found for the airplane, and possibly
the dirigible, and a more intensive de-
velopmeilt of the uses already adapted
to the aerial vehicle, including new
scores of landing fields, new mail, pas
Senger and freight lines and a vast in
crease in social and sport flying.
Motor boating, too seems destined to
continue the great progress it has made
during the last four or five years. Peo-
pie are beginning to wake UP to the
recreational and unitarian value Of
water travel afforded by our countless
rivers, lakes, bays and harbors. I pre-
dict an unprecedented degree Of pros
perity for the motor boat industry and
an unprecedented increase In ownership
of cupboard motor boats, runabouts,
cruisers and motor yachts. This is a
natural, inevitable development of our
desire for automotive travel. 1t will not
take the place of the automobile, but
rather will supplement it."