Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1920-01-06
causes OF PROSPERITY"
ADDRESS TO RETAIL men

This should be borne in mind, that
with the exception Of two or three
items, the stage is all set for a bus
mess crisis" said George E. Mac
1lwain at meeting Of the Retail
Merchants Bureau, which was ar
ranged for by the Chamber of Com
| merce and held at the Elmwood ho-
tel Monday noon in the private din
ing room where a dinner was en-
joyed previous to an address given
by Mr.. MacIlwain, representing the
Babson Statistical Organization of
Wellesley Hills. Mass, an organiza-
ton which furnishes information and
advice to business men and invest
ors.
There were about So business men
or the city present to enjoy Mr.. Mac
IiWaln's talk on The Causes of
Prosperity" On the wall was hung a
chart representing the average line
OF business and the fluctuations
thereof from the year 1902 to the
present. Above the line was indicat-
ed the periods of prosperity and be-
low the. line. the depress,ons or uus.
mess. Mr. Macilwain stated that the
area of the periods below were eouaI
70 the corresponding area OF the ne.
periods above the line, The nost nro-
nounced period Of prosperity was
SHOWN ~ the chart as beginning
/ aoout the year 1915 and the speak
er SAID that in. comparison of prev;-
Gus history in the business. fields
TINS means that the next great move.
nleht VIII be something to mako I'm
1or this remarkable period OF nros.
perity. p'''-
IN reference to the immediate fora-
cast. he said that he believed tho+
the line Of PROSPERITY had .tnu.
ieacned the peak, but that he saw no
reason why the present rate Of bus
mess activity should not continue
III. III ran or perhaps till the end Of
ls.V: This should be borne in mind {"
SAID the speaker. that with the eY-
ception OF two or three items w.
stage is all set for a business cr;.is
ne universal absence of failures ora
lne innatlon OF the dollar ALWAYS
pIeceoe business depression. On The
other side, the big warehouses 90
uepleted OF their stocks. Rut ,hs
thing to remember is. thai NJ ~ 10y
h Wvn Toward to a year Of excellent
"siMess nut the stage is all set for
;or .he beginning Of a business nan.
&c. sometimes these thinx. ..on,o
aoou. accidentally. Some one thins
springs the trap and the thing r.d,
a'es over The business world r ma
oe collapse in steel. IL NAV
drop IN wheat You must conI,.
your business operations with 80
eIence 10 the business situatio,, =.
which we stand. IN
!. means short buying, to All vorr
a ,n d. needs. 1t means watching Al,
me ms and outs and in keenina
where When the storm breaks NC
Ian cover ourselves. Is there anv Fun
uanental necessity that hns,ras.
shoulo 80 along by bitches .nS
starts! Is thr no way to have . No.
steady and continuous Iineo WIZ. :.
tne real foundation Of depression ana
IN answering these questions n.
Mac.Iwain said that the old.fashtor.
ca excuse was to blame it on ~
politics. But he proceeded to no,nt
OUT -FOUR things that he said vers
iea''s az the foundation Of prosper-
First. physical vigor. He said that
he did not mean simply good health
but that quality which enables a man
to put in vim. zest. jump and the
winning punch into a days work,
that quality which enables a man to
get the best out Of business. The