The Waterbury Democrat., 1945-06-11

assuming ante-room MT. A. P. di- rects the turning over to younger men of the big business he has built up in one lifetime.
 From its $150,00O start in 1904, it has grown to 8 four -an- -a-half billion dollar enterprise. By the end of the year MT. A. P. thinks the figure will be five billion, surpassing Chase National to become the big gest banking institution in the country, which is to say the world. MT. A. P. leans his hulk back in his big swivel armchair. Head, body and hands are all tremendous. He re- moves his pince-nez glasses and lays them on his desk. His big eyelids droop until his eyes are mere slits. But he doesn't miss trick and his big voice booms out optimism over the future of California and the entire West
 TODAY IT'S: COME WEST,
 YOUNG MAN"
 Is Horace Greely's Go West, Young Man" advice still good?
 It's better than ever. Only here it is Come West" From desk drawer MT. A. P. produces 8 type written sheet on which are the population figures of the first 10 states. California is third, but only a few hundred thousand behind Pennsylvania. Soon California will be the second most populous state in the Union. It is already second in bank deposits and third in in- come tax payments. It is already first in value of agricultural prod ucts and if America must feed the world for a time, California's food industries will grow bigger.
 You don't have to take MT. A. P.'s word for this, he says. From a half a dozen papers on the top of his desk he produces copy of Willard Washington, D. c. It is an analysis of what the reduction on western freight rates is going to do to the country, remaking the business map to the greater glorification of the West and South while the East is shrinking. That's absolutely right, MT. A. P. insists. Eastern money has already started west. Schenley and other eastern liquor interests have bought heavily in California vineyards. General Electric is plan- ming new factories to make the appliances that will tap the Vests immeasurable resources of electric power. Detroit will go on making automobiles. But the West will make the new things. There must be de- centralizat tion of industry to meet the new markets for consumers goods.
 And where else does the country have room to grow? he asks Where else is there space for air parks and slx-lane highways? In the crowded East they have to tear down build ings before there is room for such things. In the West people live in autos, shop in autos, and no dis tance is too great. In Los Angeles, two big department stores have recently bought a country club on which to build new shops that will provide adequate parking space for SIAooOAAlSAc ny tllC IllOuSdIlu.
 WORKERS, SERVICEMEN
 LIKE THE WEST
 War workers who have come to the West want to stay. Soldiers and sailors who have passed through the West want to come back. The West has room for them, A. P. Giannini believes, and the West can absorb them without too much dif- f1culty or readjustment.
 They are of course, potential cus- toners to increase Bank of Amer ica's 100000 depositors and add to its 800 branches.
 All his life A. P. Giannini has been radiating this same optimism, no matter how deep depression around him. So far he has been right. He may be wrong this time, he admits. But it can't be too bad Even if the West should lose some of her new War-born industries. she will have more than she had when the war began. And what else is progress?
 The only thing that really both CTS him is the growth of commun- ism, in Europe as well as in Am erica.