Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-10-25
BUSINESS DRIVE
TO BEGIN NOV. z
Chamber of Commerce Hopes
for National Effort at Pros
perity Campaign.

Corident that the "buy-now-for- bet
ter-busineSs" campaign launched yes
terday by the Washington Chamber of
Commerce will spread throughout the
Nation and aid in business recovery,
George A. @. Wood, president of the
Washington Gas Light Co. and chair
man of the Campaign Committee, an
nounced today that an intensive drive
will get under way through pulpit and
press on Sunday, November 2.
With the appointment of COM
Mittee of the chamber of five members,
Mr. Wood, Charles w. Darr, Martin
A. Leese, Thomas p. Littlepage and
Nicholas J. Whelan, week-long cam
paign is being organized to carry out
the plan to appeal to the public
through the church and the newspaper
outlined to the chamber members at a
noon meeting yesterday by Mr.. WOOD.
Statement Is Issued.
The following statement was issued
today by Mr.. Wood concerning the
s'buy -row for better-business" drive:
There is no thinking American busi-
ness man but will admit that business
Il quite generally slow and naturally
one tries to find out the cause or causes.
"Our last serious business depression
--1e21-was easily explained because II
had directly connected to it those ele-
ments that make for the slowing up OF
business due to readjustment-the need
for bringing production in step with
distribution and consumption. In 1920
production was at very high levels with
great export demands for our products.
and when the export demand slowed
I'D our production didn't slow up until
overloaded shelves made it slow up and
consequently we experienced depres-
sion in business in 1921.
Have ''Wan Street Blues"
"But today we are experiencing slow
business for a very different reason. We
have no overstocked shelves. Produc-
tion and consumption in the past year
has slowed UP because Wall Street.
created fortunes have melted nearer
to intrinsic-value fortunes and with
the bursting of the security imitation
bubble (which affected but small
percentage of the American people)
American business has been temporarily
overcome with Wall Street Blues.
To-day we have the essential fun
damentals for good business:
81. Money at reasonable rates.
20. Low commodity prices.
"3. Low inventories and, for better
business we lack only faith, so the
Chamber of Commerce felt that conf
dence and courage can be restored with
the aid Of the pulpit, the press and the
public.
THE church has an opportunity at
this time to help obtain the only ele-
ment for good business lacking at this
time-faith and those elements which
grow out of 1t and on which our bust
ness structure rests, confidence and
courage. We know the press will do
its part and are grateful for the part
1t already has done.
Washington Should Lead.
"The public win move to the degree
its confidence is restored, and we know
1t can be rapidly restored If with the
aid of the church and press we face
about and buy those things we have
ability to buy now and not wait to
just get in the buying procession when
1t is going by momentum.
washington should lead, Washing
ton must lead to prove to the Nation
she is worthy Of the prestige which
rightly belongs to her as the Nations
Capital. and, Irrespective of political
party lines. let every one in washington
rally tos TIE air of Buy now for bet
ter business, because we are confident
the movement will spread throughout
the Nation and aid in business re-
covery."