A familiar occurrence was seen last week regarding the future prospects of American business. The West is prosperous and optimistic; the East is prosperous but rather pessimistic and cautious. Which view is correct only time can reveal. But in cases where this contradiction in judgments has occurred before the East has invariably been nearer the truth. In the Spring of 1920 the stock market turned downwards and the West declared its fears ungrounded. But that Fall disastrous liquidation set in practically all over the country.
Two fundamentals to prosperity, however, after several...
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