Word: babsonic
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Landing in San Francisco from a tour of the Orient, the venerable Roger Babson had something to say to the press. Mr. Babson, who for almost 40 years has made his living selling the public charts and prophecies about business, announced last week that so far as the U. S. economy is concerned "The war in Europe is unimportant. . . . the important thing is . . . what is going on in the Orient. Trade always has moved westward...
Coach Johnny Wood of the Crimson Jayvee basketball team sent in substitute after substitute yesterday afternoon and still the scoring continued against the hapless Babson Institute quintet, the final result being...
Instead of Helen Keller, the convention elected as moderator Dr. Oscar Edward Maurer, pastor of the New Haven, Conn. Center Church and long a member of the denominational boards Mr. Babson has been attacking. Undiscouraged, Roger Babson demanded an increase in the salaries of 75% of the church's pastors ("to raise them to the level of bricklayers'"), called for a vote on his plan to give the 6,000 Congregational and Christian churches in the U. S. a delegate to the council. Thereupon sober churchmen resorted to a mediator. They succeeded in suppressing a sharp reply...
...odds with the church administration because he thinks it has introduced too much business into religion, Businessman Babson arrived at the convention with a plan to reduce the church officials' power. At the opening session Dr. Charles Emerson Burton, retiring general secretary, replied to Moderator Babson's charges, agreed that Congregationalist ministers' salaries (average: $1,663) are too low, but declared the remedy is more businesslike money-raising, added: "Our men are not whining much...
...week's end Mr. Babson had agreed that a vote on his representation plan, offered as an amendment to the church's constitution, should be tabled until the 1940 convention. But Mr. Babson still had a few more pearls to cast. In his official address as retiring moderator, he predicted a new revolt in Protestantism, back to primitive Christianity. It will include, said he, "a revolt against a few socialistic or capitalistic delegates, at national church conclaves, passing resolutions pretending to bind the entire membership." But the pearls lay where they fell. The convention proceeded to do just...