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Economic and Industrial Health in Washington’s Pulse
Washington signals a cooling of reckless credit expansion as the Federal Reserve Board and banks curb speculative loans. Farmers in the Middle West rush to divest old holdings for new ones, and urban buyers pursue homes on meagre payments. Railroads report relief from freight congestion and increased car usage to serve crops, with wages rising for about 2,000,000 employees. The transport system regains stability after Congress and commissions new arrangements, easing a decade of hard struggles.
MENTIONED IN THIS ARTICLE
Washington
National Capital
Federal Reserve Board
Department of Agriculture
Middle West
Farm Loan Board
Congress