Economist Richard Scott-Ram of New York's Chemical Bank last night called the country's business outlook basically very upbeat."
Speaking to the District of Columbia Bankers Association, Scott-Ram forecast that large corporations soon would come to agree with this optinism and "show more confidence" in the future by increasing outlays for capital expansion.
If business does not step up its expansion, he warned, the country could [WORD ILLEGIBLE] production shortages in two years.
At the same time, Scott-Ram called in the business sector to be more realistic about its role in a mixed economy.
There is "no laissez-faire capitalism" to be seen in most of American business, he said. Corporations want to minimize uncertainties and there is no great drive toward risk-taking, he added.
In another development last night, the local bankers group designated Dale L. Jernberg of National Bank of Washington as a future president.
Jernberg, executive vice president of NBW, was appointed chairman of the D.C. bankers convention, scheduled for June 15-19 at the Greenbrier hotel, White Sulphur Springs, W. VA.
Traditionally, the convention chairman becomes second vice president of the association in June and then advances in succeeding years to first vice president and president. Under this schedule, Jernberg would become head of the organization in June 1979.