BUSINESS IN AMERICA

Dominion, Volume 14, Issue 160, 2 April 1921, Page 12

BUSINESS IN AMERICA

RETURNING TO NORMAL CONDITIONS.

From many competent sources m widely separated sections comes the opinion that the United States has now definitely entered upon ts return to normal conditions, says tlho Guaianty Trust Company of New York. The aveierage business man has come to see that a continuance of wartune prosperity with its attendant circumstances of credit'inflation, high wages high prices, reckless spending, and fcnj ic a private was*, is impossible. He has Le to see also that the black pessimism of a few months ago is unjustified by any intelligent estimate of the economic situation. Worry and fear have given way to clear judgment and courage. The disposition now is to face the facts calmly and to make such us of them as accords with the peculiar initiative and enterprise of our people. Judge Gary refers to the phenomenon as the better "temper of business men. Governor Harding of the i-ederal ireservo Board calls it! "a more normal state of mind.” Others -have their own expressions, but all agree that the prevailing feature of the business outlook is- just now the change that has come over the mental processes of business

has happened to bring about this change, except possibly the tailure of some of the dire predictions that have been agitating the country particularly in recent months... W who have from the beginning held that iundnmeniial and not ephemeral factors would determine 'the course of economic, events in this country have never thought that there was imminent danger of anv such collapse as was forecast in quartern less well informed or less capable of interpreting conditions, 'rtieir aMtude seems now to be ]’ stjfied by the country’s change of spirit rather than by any ..turn of c-cuts. It mav be added that there could not possibly be a. better foundation for er actual revival of business.