NO ROOM FOR PESSIMISM

Sun (Auckland), Volume II, Issue 534, 11 December 1928, Page 10

NO ROOM FOR PESSIMISM

’CHANGE CHAIRMAN’S VIEWS PROSPERITY - AT HAND A period of great protperity for the Dominion was predicted by Mr. G. C. Creagh, chairman of the Auckland Stock Exchange, at the annual meeting of that aUo ciation, held to-day. ■WITHOUT any exaggeration,” stated the chairman, “It can be said from a sharebroking point of view that the past year has been an exceedingly successful one, and ande as it began—full of promise for the future. The 1927-1928 farming gea . son was a remarkably good one. and there appears to be little doubt that the present season will more than equal it. with the result that the towns of the Dominion shall also perience a period of great prosperity “With a determination on the part of the people to work, backed by a spirit of sane optimism now that the country has definitely turned the corner, there seems to be no limit the possibilities for the Dominionbut let me say, and say it advisedly that we have no room for pessimists of a type which were only too preva lent a year or two ago. One mav well ask what has become of those people? Some of them, as a local journal pointed out some months ago were in high financial positions. p is a truism that optimism begets optimism, and a speaker at a meet ing of the Auckland Advertising Club was on right lines when he advised business men to use every means in their power to spread the gospel of better times among the people who have been parsimonious in their purchasifag, through the warnings of the scare-mongers in times of depression It is evident that money must be kept in circulation, and the wheels of commerce kept in motion, if the country is to see a revival in trade and a consequent full-time employment of workers. The worst feature of the warnings made by scaremongers is that very often the members of the community who pay most attention to them are those who can best afford to spend their money."