Word: babson
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...Leonard Metcalfe, President of the M. I. T. Alumni Association, will act as toastmaster, and several distinguished men are to speak. Among these are Dr. Edward Cummings of the World's Peace Foundation, Mr. Cheney S. Jones of the American Red Cross, Dr. John Phillips, acting Dean of Babson Institute and General Secretary of the New England District of Rotary Clubs, and Professor Robert E. Rogers...
While endorsing Secretary Hughes' refusal to trade with a people who do not recognize "certain fundamental principles," Mr. Babson gave it as his opinion that the mere resumption of trade relations with Russia would expose the weakness of communism. For the "patriotic appeal" that Trotsky finds so useful would be then discounted, and Lenine's regime would stand or fall only on its value as a government. Since international trade is incompatible with the communistic idea, the regime would undoubtedly fall, and then the Russian people would be able to fling aside Bolshevism and adopt a sane and settled form...
...this and other reasons," Mr. Babson concluded, "that my outlook on the Russian situation is a hopeful one and that I expect a reform in the methods of the present government, even if it remains in power. Whether it does that or not is in itself a problem...
...chart Mr. Babson spoke of is his own idea. Formerly prosperity and depression had been measured in business charts by the height of the "peak" reached by the prosperity and depression lines either above or below the "X Y" line of normality. But by this system, although "peaks" above and below the line succeeded each other, they were not regular, and it was impossible to predict the height of one peak from those that preceded it. While working in a Boston business Mr. Babson discovered that prosperity and depression should be measured by the area above and below...
...which Mr. Babson says changed Russia from an autocratic to a democratic country is Newton's Law of Action and Reaction. In some of Newton's original papers which he was able to obtain while in England in 1907, Mr. Babson found the claim that the time would come when this law would apply to the actions of individuals in mass. By this phrase Mr. Babson believes Newton meant "Business", and it is by the combining of Newton's law with his own business chart discovery, that Mr. Babson has created his system...