Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1916-1918, 1916-12-29
BABSON COMING
NEXT WEEK
Noted Authority on Finance.
Business and Industry
Will Give Lecture

! The next open meeting arranged BY
the entertainment committee of the
Commercial club will bring to Ottum
wa one of the best known authorities
on business, industrial and financia
matters in the country and the date Of
the meeting is Saturday January 6
| 1917. This will be the third gathering
arranged by the committee and prom
ises to be treat as the speaker is
Roger w. Babson of Boston.
| Mr.. Babson bears the same relation
| to the financial world as Thomas A
Edison bears to the electrical world
When Mr.. Babson began his work. the
business and investment interests OF
this country were unorganized and
were working along the same antiquat
ed lines as did their fathers a genera
ton before.
Mr.. Babson's first work was to pro-
vide a fair and correct quotation sys-
tenn for the forty odd thousand unlisted
stock and bond issues. When he began
this work it was laughed at as impos-
! sible. Today the system is in universal
operation. BY this work it is said that
Mr. Babson is saving the investors OF
our country from $50. .00O, 900 to $50 ,ooo,-
900 per year.
For years there has been financial
manuals issued once a year. Although
the insiders have always had up-to-
date information, the general public
were dependent upon these annual year
books and certain financial papers. Mr..
Babson organized a mammoth card
system revised daily and installed it in
all the leading banking and brokerage
houses. Today by referring to these
cards at any banking house the hum
blest investor can get the very latest
and most reliable information for the
asking.
Everyone Is acquainted with Mr..
Babson's writings. He has made popu-
lar economic and financial teachings
that were previously understood only
by the very few Coupled with his
keenness and fearlessness. he has a
human touch which enables him to
understand and appeal to the man in
the street. To this is added the great
experiences which have come from ex-
tensive travel all over the world and
meeting with the great leaders OF all
nations
But the greatest work of all is that
in which Mr.. Babson is now engaged
and it is in connection with this that he
comes to Ottumwa He has discovered
that Sir Isaac Newton's great law "All
Action is Followed by Equal Reaction"
applies to price trade and general in
dustrial conditions. Through this dis
covery his great organization is now
helping the most prominent bankers,
manufacturers and merchants and in
vestors to prepare for future changes.
AS to the business outlook for 1917 Mr..
Bahson is expected to tell us something
while in the city.
The subject Of his address Is to be
the Real Causes of Business Prosper
ity and Depression" He has been asked
to apply it especially to this city. It Is
rumored that his diagnosis Of the stu
alton will be surprise to many. "Peo-
pie think" writes Mr.. Babson, "That
your buildings and banks will deter
mine the future OF Ottumwa. but stats.
tics don't teach this. Statistics teach
that the Industrial and commercial fu-
ture of st. Louis depends on the health
the faith and the spirit of the people"