Business: Current Situation: Sep. 21, 1925

The old adage, "in times of peace, prepare for war," has a very generally recognized application to business. Veterans in U. S. business have been taught that unclouded economic horizons are deceptive, and that it is well to suspect business prospects which are intensely and 'completely favorable. After the past year of good business, with such new factors as tax reduction about to stimulate prosperity still further, many business leaders are pinching themselves to see if they are not engaging in lovely dreams. The outlook in some ways seems too good to...

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