From the Richmond Times-Dispatch, 12/28/1933, p. 8, c. 1

The Tredegar Contract

The Tredegar Iron Works is one of the oldest of Richmond institutions. In war and peace, it has played a leading and a highly honorable business role.

Now the plant is to do its part in affording employment at a critical time, and thus alleviate in large measure conditions in this period of economic emergency. The Government has just awarded Tredegar a contract to provide projectiles for the navy at a cost of $153,942. Many old employees of the company, especially skilled workmen, will return to their jobs, and so begin the new year with a renewed spirit of hope and in a better mental state to meet the problems of life.

This contract, important as it is in the life of Richmond, is just one of the encouraging signs of the times. With its public and civil works programs, and its stimulation of general business through RFC loans and otherwise, the Federal Government has made a steady, relentless war on the depression which is bearing glorious fruit.

At every turn, the observer notes bettered conditions. The buying power of the American people is appreciably greater than it was a year ago, as witness the enlarged volume of holiday trade. The employment situation has improved, both through the efforts of the Washington authorities and through a returning confidence of business men in the future. These latter have at last convinced themselves that the economic structure of this country is built on sure foundations and the experience through which we have passed since 1929 was merely a temporary manifestation.

The clouds are fast breaking and soon the sun of normal prosperity will be shining again.

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