Evening star., 1932-12-31
INCREASED INCOME
IS HOPE Of CHAPLIN
| 0BOOST BUSINESS
Secretary of Commerce Sees
Encouraging Signs for
Coming Year.
SAYS AMERICAN ATTITUDE
HAS REPLACED PEsSIMISM
Declares Nation Better Equipped
Intellectually to Meet Condi.
tions Than in 1892.

Secretary Of Commerce Chaplin, In a
statement of present business condi-
tions and future prospects, said today
that IF even a slight increase In the
workers income can be brought about
or II the present hesitancy can be re-
placed by more hopeful, rcsolute mood
on the part Of persons with reserve
funds-the stimulus will be Immediately
reflected in the marts of trade"
The need" he added, for goods Is
there; the task is to translate it into
actual buying.
Il would not be considered as over
emphasizing the intangible or merely
mental aspects of the business situa-
ton. But their significance is unde-
niable. Here there are encouraeinr
signs. Hysterical, panicky pessimism'
Wherever 1t may have existed among
our people, has been replaced by a more
American attitude.
Calmer Mood Seen.
The dominant mood today is vastIy
calmer and more rational Quiet de-
termination rules. We see more pene-
tratlng analysis OF our current business
uIs-a clearer understanding of the
complex Embellishments. There is
i keencr receptivity to soundIy construc-
tive proposals
intellectually, as a Nation We arc
certainly better equipped than We were
at the beginning of 1882 to proceed with
our vital task of scientifically reducing
the costs OF production and distribution
on the one hand, and. on the other of
building up the earning and buying
power OF our great domestic market
AND In this work We are encouraged
py the knowledge of the enormous
backlog we possess in the form of re-
serves IN our banks and insurance COM
panieS and popular desire for all
klnos OF commodities such as exists
nowhere else Ill the world"
At the outset of his statement Chanin
asserted that any person who under
taxes to analyze the recent business de-
velopments in this country is confront
ed with problem of differentiation.
He pointed cut that by con1ninp ones
attentlor TO mere array of surface
phases "one would get a dark and not
wholly accurate picture of conditions at
this start Of new year"
Hopeful Signs.
He declared. however, there are ten.
4 AtSANo anu SOIlIIclS measures OF tho
hopeful sort that appear to be NOR
numerous than is generally -ealizo-
Particularly are they in eviden
the currents OF commercial though .
aspiration-moods which escapc. t.
frequently, q cursory appraisal" h
added.
A general curtailment in all fields of
business. including idle factories. bank
credit restriction, foreign trade slurn
decline in commodity prices. II 900 600
persons unemployed. pay rolls cut. car
loadings off. department store sales re-
duced % pe- cent under last year. was
listed by Chaplin on the unfavorable
side OF the country's ledger.
On the favorable side, the cabinet
ohcer was Of the opinion that Presi-
l'deEt Hoover,s legislative program wae
instrumental in stenming the tide of
denation. He listed the Reconstruction
flnance Corporation and the Federal
Home Loan Bank acts as being among
the important anti-defation acts passed
by Congress