Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-09-04
BUSINESS LEADER
. PREDICTS UPTURN
Birmingham Observer Sees
Gradual Improvement in
Trade Conditions.
BY IoHN F. SINCLAIR.


Special Dispatch to The Star
NEW YORK. September 4.-Robert
Jemison, jr.. Birmingham, Ala, business
man, can see the blue sky behind the
business clouds
we are of the opinion that business
In America generally, and particularly
in the South. has scratched bottom,
MIR. JemiSon told me, and that we may
hope for gradual Improvement in con-
ditionS throughout the last quarter OF
the year. with perhaps fair business
year in 1891.
THE slowing up in building will au-
tonatically result in gradual absorption
of the surplus of buildings OF various
classes. The present low cost OF oulio-
ing. with the corresponding adequate
supply of funds at low rates oil interest,"
should stimulate that industry through-
out the next few months. thus renewing
somewhat the unemployment Situa.Ion
and creating a demand lof CERTAIN.
kinds of building materials and LABOR.
To MIR. Jemison, the most msatls1ac-
tory things at the moment are the con-
tinued decline in exports ana the oer
preston in agriculture on account OF
ths drought and low prices,
In spite of these. 1T is our pellel INA. .Iae
Industry will not fall far snort OF C!ie
last quarter of 1929, concluoes Nh
.Jemison.
Electric Current Sale.
vy,,en CIV. Roosevelt of New YORK
sugoasted to the village authorities OF
Conyeneur municipality OF between
600 and 5000 people, IN NoItleii,
New York. that they not only conllil en
to generate electric current put " tteir
cifizens Flovd L. Carlisle, chairman Oh
fb.a board of the Niagara HUDSON rover
Fermentation Immediately wrote 10 Tic
mavor of the city and asked. IhdC an
onen meeting DO arranged, inviting tne
nublic to attend and make the "ilole
truth available to the people.
Not only did he ask the prlvilege "a
addressing the citizens, DuS ne ,,ita5
gested that Gov. Roosevelt be lnVlteu,
on the ground that the question is not
political, but solely economical.
= C-onveneur owns the local power plant
and Generates electricity, which 1t sells
at wholesale to privately operated coiii-
panies. These companies reseli Ille 1u -
rent 10 Gouveneur citizens. Inc phtv"o .s
companies are purchasing curreIlt lLT 1,
the city at ia mills per unit anu SeA
ing it at cents per unit.
Gov. Roosevelt suggests that 1t DE Solo
direct tn the consumers Tor cents PEI
,,nit This he contends would be mucn
bette- business and would enable the
rity To cut taxes considerably.
but the quick retort OF MI Carlisle'
head of one of the largeSt utlley %
-anixations in the United states, Is sig
Tificant of the change in the attltuoe %
bic public utility leaders toward pubic
opinion
Unemployment Insurance.
Rsnlvinr To the comment OF Sidney
y Mitchell. head of the Electric 6oi aa
4 Share Co. and one OF GeIaros %
rational leaders, that what tne couIisi
needed was more WORK ana leSS .oin
Trrrar Thomas New YORK Sociallse,
<sv~ frat the inability of industry 70
ears for the lobless indicates a nieak :,
csc-En in the present economic system,
arsYve +ne workers a chance 10 worA
.,d taev viii quit talking very quickly
~agx Mr. Thomas. we must nave
FederaT system Of unemployment nsuI-
auca. at least to the extent Oh SuPp,a
,--.rffnr what the states may 40 anu
--T--,I1+r,e unemployment insurance wneh
49, Stafes refuse to act. Otherwise m
-r5s+rv will run away from the states
tTzt 60 in for unemployment nnSuI-
TAKE the railroads as an example. IN
1920. they employed 2,O2l,6SZ p elsoIi0.
Now they employ 1,565,Oo persons
more work handled, less lapor ns, TO-
WiIIiam Green, labor leader, VINO mas
newer heen considered radical IN MS
mo serious attempt has yet peen
mode IN deal with the problem OF tecn,
biological unemployment, or 10 eHten9
the systems through expert aoVice anu
information to those who are the VT
TINS of mechanical requirements. only
recently has the subject peeh oiscuSoe0
to any appreciate degree :. .,,o
But the widespread discussion OF tine
subject today is healthy sign OF Wnat
industry will undertake later
Federal Farm Act.
ryer since the United states Cham
her of Commerce. at its annual meeting
last wear, condemned the agricultural
marketing act, the subject has remained
nrettv much up in the air, for the
chamber. while condemning the act. has
not made any constructive suggestions
as TO how to meet the farm Crisis
Alexander Legge's comment on the
chambers condemnatory resolution was
as follows:
."rhe Chamber of Commerce proposes
to make the farm board impotent and
would sponsor another national confer
ence to adopt some more resolutions OF
sympathy for agriculture
Now definite steps are being taken 10
establish farm policy for the chamber.
A QUESTIONABLE has been submitted to
the 1000 member organizations OF the
chamber in a referendum, which Will
close october ID.
wear ago. a committee was APP
pointed by the chamber under the
Craftsmanship of William F. Gephart.
vice president of the First National
Bank of st. Louis, to determine whether
or not the chamber should support
commodity exchange trading"
This committee has now reported IN
favor of commodity exchange trading,
as well las trading in futures on COM
modify exchanges"
So the question as to the place OF
commodity exchange trading in the eco
nonic structure of the country as Ia
cility for the marketing OF agricultural
products" is the subject OF the
referendum.
If the record of past performance IS
any criterion, the resolutions OF the
Gephart Committe will be adopted.
SO it means the United States Cham-
Der of Commerce will continue to hgnt
against the farm marketing act ana the
policies of the Farm Board, led by the
RECOGNIZABLE MIR. Legge.
nCopyright 1890 by North American News
paper Alance.J