AMERICAN INDEBTEDNESS.
It is well from time to time to souud a ■warning agalust the excessive growth of Indebtedness (states the National City Bank in New York) in a review of American business activity. Hie bunk directs attention to the fact that although "the business situation is essentially sound, there are signs and tendencies of which It is well to take account." Reference is made to a "dangerous pace" in building; feverish speculation in real estate; the stimulation of rising prices by speculative buying. It is pointed out that' "instalment buying is creating a great body of indebtedness, which will have a first claim on earnings in tlie ■ future, and while it stimulates business in the present, there may be unpleasant after effects. These are conditions that will bear watching. It is impossible to have prosperity without having developments of this character, which may run into excesses."
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Evening Post, Volume CX, Issue 120, 17 November 1925, Page 7
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147AMERICAN INDEBTEDNESS. Evening Post, Volume CX, Issue 120, 17 November 1925, Page 7
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