The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-12-21
barometer of Public Opinion
EvERYBOpY HIS OWN pIAGNosrnIAN


M, IN an education to travel on the train and
ns'en TO the comments from chance acnmaIn,
ses sn,'n VINO meet between stations We heard
some farmers talking between Sbawnoo 80, @ y "
, "u'I'inoie on the Rock Island One farmer ,sL od
swnra, mna ta.es were coming down. Another an
buv tho mI u1nt KNOW, but IL the farmers would
, ,'e Iiiroads they would call N snocia,
session or congress and reduce the r",oa ,'a
u"9' another said: 81 expect In WOO 4, an,.,.
pockct. ", a ,arner to have "A dollar in his
n,a,n. 1T the present price OF cotton ra
",ns - i "here 1t IN they won't need to mass go,
shaa remarked another. These cnwram,
saying. 'rS are thinking and
roiiroad man riding on the sam. train was
sa,', so..ine MS complaint against the hotels Uo
other night and they charged us s,x 5,, .ne
h hhpiece Tor room and few nights Iatcr ne
doi,or e sa,ne rooms and they charged us three
M no'.ars M each. We have quit tlsat hotel ana ,
US good rooms at another hotel for Two do,, se.
"s"t' another railroad man was "kickingH
nbout tips collected by some of the waters !,
me hoteis' lie said at FL Reno the other morn
ihg' i paid 65 cents for oatmeal cakes and COZ
dollar" "''' ""S iett or a
., one man on the train complained about the
nsa, n.saIn neat and claimed he was suffocatinr
onnn ano.ner objected to the window being
open ana said he was freezing "e
you want to get all the angles t.o,o ,,.,,
,,hoP,e ,,h OF different minds YOU can hear ~ oS
cn,ued 1Iowued trains. and they ali seem IN ha
awa, now some tell you they are runninc
away from too much work while oth. ',in,n ~, i
tbo, ioosihg Tor work. and that reminds -,
80. ~ Tue tlrst time in several ye.r. No go.
''o"u around the Federal EmpIoy,,an,
orfice OF oklahoma City n few days @ nne"'
Henryetta Standard. "'' "so'-
SPEAKING ON DEEI ,TIn~ n,n,,,..
, Roger W, Babson. statistician I'm discmasin
me question OF business readjustmen, an, ,"'' =
uSlation IN Philadelphia the Other dau Paie ~
''''o' suggestive illustration OF two ways -,
getting back to normal conditions Spoakinp
W, ", oe''aion' ne pulled out his handkerchief and
% a'i ho. SUPPOSE 81. l dip this handkerchief in
ha
now long would it take for nature through
atmospheric action. to absorb all the moisture
from t. lie answered his own question by es.
timating from four to eight hours. But sun.
pose, he continued. after dipping this hand.
kerchief IN Il bowl of water. | put II through A
wringer and then hang II on "A line to dry How
long will 1t take to get all the water out P" And
again he answered his own query by esti,na,
ing Ing one or TWO hours as the necessary time
ihen ne inquired as to which was hetter-t,
Apply IN. wringer as he had done to get m,
water OUT or business within "A year or so and
then start on the road to recovery, or let tn,
drying process go on over four to six or sever
years with business depression more or less Sc
tons throughout that time.
There is a good deal of discussion In thes.
days and much advice to the wisdom o
charging Off losses and meeting dofaton a
promptly as II occurs. Some of this advice Il
timely and wise and yet It is easy to see how
too rapid process OF deflation might result II
harm. The wr!nger may be "A useful implemen
In some particular cases, II might not be s,
beneficial In others.
1t IL OF course a rcgrettabc. but nevertheless
inevitable fact that values are falling below
those represented by wartime prices and busi
ness must recognize the necessity of readjust
ment OF prices To coincide with deflated values
There Is. however no occasion in this for de
preston or discourascment or alarm, Cundi
tions in the country as whole are exceedingl,
favorable for meeting this price readjustment
We have in possession one OF the largos
crops of all food products In our history, IL
movement to market by the railroads has beer
relieved Of the congestion which embarrassed
all traffic year ago; our financial system 4
sound, we have. or ought to have accumulated
earnings and profits of years OF great busines
activity; the uncertainties OF the election haV'
passed and there is promise of the adoption o
wise business policies; industrial difficulties ar
romparatiyely few! and altogether the situation
is favorable tor meeting the necessary deflatior
which must be accomplished before new an'
permanent advance can he expected.
1t liz only "A question of whether we shall per
nit this process to drag over "A longer pcrioC
than necessary or whether we shall, by too tigh
an adjustment of the wringer, precipitate dir
fcultes which more moderate prices nigh
avoid. This is the problem 10 which business
must address itself with coItage and resolution
within the coming months. Minneapolis Trib