Evening star., 1932-06-30

Gen. Charles G. Dawes has impressed
on the country his belief that better
conditions, which he finds already under
way, will be built up from the bottom
and not in any other way. His theory
of development from small units is
hailed as distinctly American doctrine,
and acceptance of his standing as a
financier is such that his announcement
that the turning point has been reached
is declared to offer grounds for con-
fldence.
THE Dawes statement" according to
the Rochester Times Union, lis impor-
tant because he has been in position
for the last several months to know
intimately what is going on throughout
the entire financial and business
structure OF the country. And further,
because Gen. Dawes has established a
reputation for talking to the point He
has not been engaged in making many
and vain predictions; he has not been
whistling for the purpose of keeping up
his own courage or that of other people;
he has never exhibited an inclination
to fool the public He has made this
statement in the full belief that it will
be verified by conditions, and while he
may Of course be mistaken, results are
likely to justify his belief"
Blunt and outspoken, Gen. Dawes, "
in the opinion of the Boise Udaho)
Statesman, '1s not the type of man who
deals IN buncombe about business recov-
cry and for this reason. coupled with
the fact that he is one Of the shrewdest
financierS in the country today, his
optimistic statement concerning con-
ditionS and prospects for the future
should prove heartening to millions Of
Americans. . The following words
Of Gen. Dawes are worth repeating
The recovery in the depression will
start from the bottom up. not from the
top down. For the real evidence of
reaction We must look to the mass
attitudes Of our people and not to the
shifting opinions of certain sections Of
it. For instance, I would attribute
much more Importance to the increase
OF electric power consumption in the
country during the last two weeks than
to stock or bond quotations. It is the
average mans business which is the
main factor in the situation. His busi-
ness in the aggregate is enormous !"
x X
This thing of a turning point" re-
marks the Port Huron Times Herald,
may not be nearly as sharply as we
may have wished. But Gen. Dawes
opinion on the matter will carry more
weight than that of most other men,
even more than some who may be in
better position to judge business and
financial conditions throughout the
country. Small business is going to
feel it first says Gen. Dawes. And that
sounds logical. The foundations must
be good II the Superstructure Is to be
solid. 1t has long been recognized that
small business. the small farmer the
small group like the American family,
make up the backbone of the country
and its social structure. Which brings
small group, like the American family
And little faith might bring a quicker
response to the situation which Gen.
Dawes emissions"
THE common mans prosperity is
community prosperity" declares the
Portland Oregon Journal. THE pros
perity Of the worker and small business
is the community's prosperity. The
prosperity out on farms, orchards,
gardens and stock ranches is a States
prosperity. And the Dawes opinion
is worth other considerations. 1t is a
great Americans recognition Of the
turn toward better days. Whose opinion
is entitled to greater credence2 Whose
opinion could be more welcome?" The
Charleston wv. Vs) Daily Mail COM
ment5: The fact that fear appears to
be subsiding and hope and confidence
seem to be returning is an encouraging
sign. There probably is no single, OUT
standing recent development that could
be pointed to as the cause for this more
cheerful feeling. The most striking