Evening star., 1922-11-04

WELLESLEY HILLS. Mass, Novem-
Der 4.-In our interview this week
with Roger w. Babson the question
of what effect the. cleo
. tions will have upon business brought
from him the following statement:
II see one interesting issue in the
congressional elections, namely, the
number of new radical members sent
to Congress. Those of US in the east
do not understand the viewpoint of
our western people, hence few are
awake to the great change which is
coming about in our political lineup.
Throughout the present generation
the contest has been between the re-
publicans and democrats. The days
Of this alignment. however, are num-
bered Both of the old parties have
suffered extensive changes. At least
by 1928. and perhaps in 1924, a real
contest may be waged between the
so-called conservatives on the one
other.
by radical do not refer to the
I. w. VS. or any group commonly
known as bolshevists The new radi-
cal party will be more like the bull
moose party of 1916. The conservative
both republicans and democrats who
are opposed to the extreme measures
Of the other group. The elections Tues
day will serve to show to what
extent this new alignment is taking
shape.
"As to the immediate effects of the
elections, they should not be impor-
tont unless the republican majority in
Congress should be overthrown. I do
not, however, expect such an event.
Federal Help In Peril.
After ALL" continued Mr.. Babson.
most of US business men worry a
great deal more over politics than we
should. Everybody today is looking
to Washington for a present. Nine
tenths Of all the important bills be-
fore Congress this year were designed
to help some one group-usually at
the expense Of the others. Farmer
and labor demands. railroad financing.
state roads. soldiers bonus and the
tariff fight are a few examples. This
| stampede to the government for as
sistance Is one Of the pestilences
which always follow war. The
same mania developed after the civil
war. From 1865 to 1870 bankers and
business men spent more energy lob
bying in Congress than developing
their own business The government
must mix into business in war time:
1t Is hard to get out Of it after the
war is over. Eventually people will
realize that you can't take out of
the government more than you put
into it. For the present, however, the
situation presents a serious danger
not to those who fail to get assist
ance. but to those who succeed!
ANY growth founded upon 80 tickle
basis as government favor must be
precarious. The industries and the
individual companies which are
really good investments will be able
to fight their way through without
having to depend upon exorbitant
tariffs or government capital. They
may have hard shedding for a while,
but when the depression is over they
will control the field. While others
are building up influence at Washing
ton they are building organizations
at home. At the time 1t may seem as
II the concerns which get the most
protection or assistance from Wash
ington are the winners. but their ad-
vantage Is only temporary Instead
Of trying to pick the companies which
get the most assistance from the gov.
ernment, investors should look for
the companies which can get along
with the least!
Rails Notable Example.
This factor marks sharp dis