The Carlisle independent., 1920-12-02
OUR BUSINESS FUTURE

:, The future of business as we feel our way through the period of read justment, is good subject for re- l fiection when we have a few leisure moments to reflect Roger w. Bab- son, probably the best known statis- tician in the United States, has given the question of our business future great deal of thought and has ad- vanced ten reasons why the business man and manufacturer should assume more wholesome view of the out look. These reasons are:
 First, the working people in this country are in possession of the great majority of the bonds issued by the United States government during the war This is very favorable sign for it shows that the great mass of people are in sound financial con dition.
 Second that as result of the coming of national prohibition two and one-half billion dollars previously wasted in this industry yearly is now available for business projects that are more useful and more likely to promote the welfare of all people. ''Third, that in spite of the wide spread opinion to the contrary, the Federal Reserve Banking System has been an important factor in stabiliz- ing financial conditions in this coun- try.
 Fourth, that advertising is now an influential means of moulding pub lie opinion. This profession has now reached such an advanced and scien- tifc stage in it's development that it is logical means by which the peo- pie of the country can be convinced that contrary to their present opinion business is really o4 firm basis and that there is no cause for the present depression.
 Fifth, that the argument that the falling off of our foreign trade will prove ruinous is ill-founded, for such trade only constitutes per cent of the total What little stoppage there may be in the field, therefore. is of little or no consequence and will have no noticeable effect on the general business outlook.
 Sixth, that recently the standard ization of manufacturing processes has been increasing with such amaz- ing rapidity that there has been a considerable reduction in the cost of commodities. This is a permanent influence of no mean importance. and should not be sighted in any consid- eraton of the future industries in general.
 Seventh, that all statistics gath cred recently, furnish overwhelming proof that seasonal fluctuations in productions in this country are rap idly decreasing. This will prove to be very beneficial, as it will tend to make the demands for labor more constant
 "Tenth, that the United States as result of the war is now creditor nation instead of debtor nation, and, therefore, is in a very wonderful pc sition in the business world
 Every reason advanced by MT. Babson is fundamentally sound. They are effective replies to the calamity howler and suggest that our chief occupation just at present should be sitting steady in the boat, going for ward confidently, but not recklessly. Take each reason MT. Babson ad- vances-study it-and the probabili- ties are, you will find thoughts that have not come to you before. The United States, a big creditor nation, occupies the most advantageous po- sition in the world today, and while several months, or even a year may elapse before the rough seas are calmed, it is clear that only folly will destroy our business stability. It is well to move cautiously, but there is no reason for despair.