| Show YORK SEES SIGS OF colonel alien allen M pope president lf of the investment bankers adocia lion don and executive vice president of the first old colony corpo ration of new york city says the closing months of 31 seem to havel developed a wholesome trend in the subsidence of tear fear and the dawning of a calmer determination to face ace actualities he ile says that in 1931 me a saw the rising tide ide of hoarding which took a twofold phase alual heal hoarding ho ding not in fit any bank and hoarding of I 1 saving dep deposits oits then that seems to have run its course then we saw a low level of prices but he be says the close of 1931 shows us that we aie ale neither helpless nor hopeless ile says no one can call foresee where the drop of commodity prices will go before tl ti ey are stabilized but bus iness will go forward and employ ment and prosperity increase in creise and the he creative processes ses of investment be restored lie thinks there will be an adjust ment of the wage scale on oil railroads a reasonable short term luin wm in german debts and war rep rell orations but that the worst lem lern before our own government is the matter of increasing taxes to I 1 meet the increased inci eased bond issues we have put out in this he says the trend of thought Is to face the facts and meet them rather than evading them tor for the moment by another bond issue only temporarily putting oft off the time for bett settlement lement and further in not seeking to find a superman to cutre all ills without pain very good |
