Word: babsonisms
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Dates: during 1930-1939
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...Stock Exchange sold off. Nor were impressionable financiers much encouraged by General Hugh Johnson's wry query in his syndicated column: "Who anointed the Secretary of Agriculture as an economic Isaiah? And where does Uncle Danny Roper get off as a synthetic and official Leonard Ayres or Roger Babson? And why should all markets reflect words of theirs in a marked recession?" Meantime, neither Chairman Eccles' reiteration of his easy money aims nor his courageous call for taxes and debt retirement checked the cracking prices of Government bonds, which despite more determined Treasury support dropped to new lows...
...feminists than the Congregational-Christian Church. They have long ordained women to its ministry and of their 37 conference superintendents, whose jurisdiction is comparable to that of a bishop, one is female, Mrs. David E. Brown of the Middle Atlantic Conference. Though the No. 1 Congregationalist is Statistician Roger Babson, moderator of the Church's General Council, an honorary moderator is Dr. Mary Emma Woolley, retiring president of Mount Holyoke College. Last week female Congregationalists glowed with pride when they heard that one of their sex had been elected to be Congregationalist Babson's opposite number in South...
...Babson came honestly by his combination of Yankee piety and Yankee shrewdness. Born in Gloucester, Mass. where his father was a merchant, Roger Babson has probably made more money out of statistics than anyone in the U. S. One of the chapters in his autobiography is headed, "$1,200 Becomes Millions." As a youth, he relates, he "always liked bright, jolly girls, full of the dickens." But he kept his eye on the main chance, and after a disillusioning turn in investment banking, followed by a bad case of tuberculosis, he set himself up in Wellesley Hills, Mass...
Today the Babson interests are widely diversified. Babson's Reports, Inc. sells the statistical service through 16 branch offices in the U. S. and Canada. Publishers' Financial Bureau distributes the founder's views to 400 newspapers. A. P. W. Paper Co. (paper towels) is Babson-dominated, as is Gamewell Co., which makes fire and burglar alarms, signal systems, automatic sprinklers. Babson Institute is an endowed, non-profit-making business school with a 300-acre campus and ten buildings in Babson Park, Mass. where all Babson activities in Wellesley Hills are concentrated. The Institute now has 130 students...
...Babson also winters in Florida, where, in addition to his southern Babson Park, he owns a 12,000-acre ranch. There a fortnight ago he wound up his annual winter business conference, which is a small edition of the conference he holds at Babson Park, Mass. in the autumn. It was at the 1929 autumn conference that he uttered his last warning about the impending stockmarket crash. Even Mr. Babson admits that he started calling the tragic turn several years before anything happened...