Word: babsonic
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...your account of Roger Babson's address before the Graduate Schools Society Monday evening, your reporter has taken too optimistic an attitude with regard to present business conditions as presented by Mr. Babson. It is true, Mr. Babson did give "ten reasons in support of his statement that the business outlook in the United States is favorable," which you rightly set forth in detail. However, in spite of these ten indications pointing toward prosperity, Mr. Babson believes that "the stage is set for a period of business depression" which will hit the retail dealer hardest of all. To prevent this...
...Babson maintains that business conditions are a result of man's attitude and of nations attitude toward life. This attitude of life which so largely controls business conditions, can be changed only "by conversion, or by a long process of education." Just as a thermometer does not regulate but only indicates the temperature of a room, the amount of heat depending upon having plenty of coal in the basement and upon the "attitude of the janitor," so the work of the statistician does not regulate but only indicates existing business conditions...
...Babson maintains that if we would prevent business depression, we "must get down to the fundamentals of life." There must be a fundamental change in the attitude of both individuals and nations, for "salvation lies in serving, producing, giving and developing to the fullest capacity." W. L. DOWLER...
Roger Ward Babson, President of the Babson Statistical Organization, and one of the recognized authorities on business conditions in this country, delivered a speech on the present business situation at an open meeting of the Graduate Schools Society of the University in Peabody Hall, Phillips Brooks House, last evening. He gave ten reasons in support of his statement that the business outlook in the United States is favorable and that the business public should assume a more optimistic attitude...
...Babson maintained that as all these reasons are well-founded there is no cause for the widespread feeling of pessimism in the United States and urged everyone to do what he could to rectify the false impressions about the outlook in the business world...