. ‘ - "v ■
Business In Northwest Normal
Babion Completes Business Survey of United States ' •
•' By ROGER W. BABSON
Business in the Northwest aver
ages about even with that of the
United States as a whole, accord
. ing to Roger W. Babson, the stat
istician who today issued the last
section of his findings, on current
business conditions for the United
—States. Mr. Babson’s report on
Canadian conditions will be com
pleted in about one week.
“I like the Pacific Northwest,”
says the statistician. “It is a good
sound country inhabited by good
and sounc^people. .The climate is
attractive yet this district has not
been infested by pleasure seekers.
Natural resources are great yet
the people are inclined to work
rather than to exploit and specu
late.
“Compared with last year the
value of city business for this sec
tion is running as follows: Oregon
leads with a gain of 18 per cent.;
Washington shows a gain of 5
per cent.; Wyoming a loss of 16
per cent.; Idaho a loss of 19 per
cent.; and Montana a loss of 26
per cent. Crop conditions in Mon
tana and Wyoming, however, in
dicate an increase in trade during
the current year. Of this group
of states both fundamental statis
tics and mercantile reports indi
cate that the business trend is de
cidedly favorable in Washington
and Oregon.
Railway shop employment in
Wyoming isTeported as distinctly
curtailed with expectation of ap
proaching improvement. An ex
tensive program of highway con
struction is also counted upon to
relieve unemployment. Expan
sion is anticipated in oil field and
* refinery operations, building and
construction. There is probability
of improvement in these lines; but
it is still hard to find, as yet, any
promise of ^strong upward move
' - ment.
“For the near future, then, the
best business opportunities in this
general region will undoubtedly
be found toward the West. How
ever, do not lay* so-much stress on
the present and near future, that
you shut your eyes to the inherent
possibilities that will eventually
be developed 'in Idaho, Montana
and Wyoming.
“All of these states should bene
ONE WHO DOES NOT
KNOW HOW' TO SAVE
MISSES PART OF LIFE
As everyone who has systematic
ally saved knows there is a distinct
pleasure and satisfaction derived
t from the accumulation of money—
no matter how small the amount.
There is no contentment or real
joy in spending every cent you
make.
By saving~you not only are in
creasing your capital, but you are
building character and making of
yourself a more substantial citizen
with all that that implies.
Commence some method of sys
tematic saving today.
The Second National Bank
N. E. Cor. ,
ATL. & NEW YORK AVES.
Atlantic City, New Jersey
Ventnor
Pharmacy
Victoria
and
Atlantic
Avenues
fit from the great change which is
coming in world commerce which
change will transfer the center of
trade from the Atlantic to the
Pacific Ocean. Pew people realize
the great significance of this trans
formation. It will be truly revolu
tionary in character. New York
i City, now the financial center of
the western world, must give up
its supremacy as has each of the
great cities of Europe ,in its turn.
The cities of the Pacific Coast are
to become the great cities of
America. California, Washington
and Oregon are to become the
richest and busiest of our forty
eight states. These Pacific Coast
centers are destined to be the
clearing houses between' the
wealth of America and the teem
ing millions of China, India and
the Par East. For centuries these
Eastern people have been asleep;
but when they once awake, the re
sult will be greater than the wild
est imagination can visualize.'*
Mr. Babson was asked if the
Pacific Coast has such a future
why are the Northwestern rail
roads now so depressed? He re
plied :
“Railroads are primarily made
by their managements—not by the
territories which they serve. Men
make values—and vision, courage
and energy make men. Great
Northern and Northern Pacific
Circular
LetterN
Service
iMultigraphiug
Mimeographing
Addressing
Mailing
WALLACE D. ANDREWS
218*219 Guarantee Trust Building
Phone—Marina 267J
are suffering from the death of I
James J. Hill. The St. Paul road
is an orphan without any father.
This condition will, however, not
always continue. Some one con
nected with these properties willj
rise out of the management and
again assume leadership. New
generals are born as the old ones
die. These new leaders will again
vitalize these systems and their
future will again be bright. The
• only question is whether or not
conditions are yet ripe for the
change. These great Northwest
ern railroad systems are only
temporarily slumbering pending a
change in generals, and men not
only make railroads, but they
make cities and states. Hence
the importance of giving more
thought to men and less to ma
terial things. Money, machinery
and buildings are mer^ tools.
They are valueless except as used
for worth while purposes by men
fired with a. desire to blaze the
trail for new methods, new in
dustries and new communities.”
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