The Washington times., 1930-01-25
NASH HEAD SEES
STEADY TRADE
IN SPRING
BY C. w. NASH

(Prestdent, the Nash Motors Company !
American business has busted
off its neglected desk, packed It's
dress clothes away in moth balls,
and settled down to the good cid
fundamental rule of "a good
days work for a good days pay"
InduStry-the automobile in
dustry with other lesser branches
has thoroughly revived from
the morning after" feeling which
followed the countrys greatest
speculation spree. 1t has had
time to check up on the situa-
ton. Conditions that looked bad
on the gray morning after the
recent stock market deflation
have been clearly analyzed.
Stripped of the mental panic
that shook the country and back
to normal processes of thinking,
it has proved that business in
America is basically sound; our
banks are loaded with cash and
that business conditions gener-
ally are on the firm and steady
footing which offers a fine chal-
lenge and the biggest kind of op-
portunity for the man who seeks
no favors and who is willing to
work for his prosperity.
Foundation Firm
In my judgment, the country's
financial foundations are firm.
Almost all of her financial trou-
bles have been mental. In many
sections of this great and fruit
full land people do not know,
neither are they interested, in
what has been going on in the
stock market. It is estimated
that only a small per cent of cur
population was actually involved
in the stock gambling spree and
that about one in ten Of that
group lost his holdings. The
rest, after writing off paper prof
it's, retain the actual securities
they purchased, which, in many
instances, are more stable now
than they were at the peak Of
intoxication.
The country has been blessed
with a bounteous harvest. Prices
of farm products are at satisfac-
tory levels. Live stock prices are
excellent. Our natural resources,
such as iron, copper and other
commodities, are bringing very
good prices. Indications are that
we are going to have cheaper
money in 1880 than we had in
1929. There is no shortage of
money, and the entire history Of
the American people has been
that, when they have money,
they spend it.
Business Seen Normal
It is on these ample facts that
I base my opinion. I foresee
plainly that the organizations
which go out after business in an
aggressive way will be surprised
at the success which awaits them
in 1880. I believe that next
spring will see normal business
conditions, and that those who
have confidence in our country
will find their prosperity exactly
measured by the amount of hard,
intelligent work and effort put
Nehind, their jobs.
Concerning the automobile in
sebtry, feel that we are facing
clear and acid test in 1880
The motoring public is going 10
be referee and Judge, and there
will be no handlcap5 worked out
for weak companies. Automobile
manufacturers are going to sur
vive and progress only in so far
as they build actual values, ser
vice and comfort in their prod
ucts.
In summing up, I can see no
reason to expect other than a
sound, prosperous year for tue
industry and the Nash 0rgani1a-
ton both at home and abroad in
1880. Our position in the indus
try and III business generally may
be termed enviable. Business CON
ditionS are on a firm basis. Pros
perity lies only in hard work and
plenty of it.