The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1922-05-18

fact, the necessity of following the
Golden Rule in, business relations
Charles H. Macintosh of Chicago,
President of the Associated Advertis-
ing Clubs of the World in an address
delivered at banquet in his honor at
the Leland Parker Tuesday evening,
the distinguished guest of the evening
struck the keynote Of what in the
modern business world is now con-
sidered essential to success.
About $50 business and professional
men of the city, including members of
the Minot Town Criers Club, Rotar-
ians and Kiwanians listened raptly
thruout the address which occupied
fully two hours with no indication Of
an abatement of interest. The affair
was under the auspices of the Criers
and President Vern Stenersen, presid-
ed as postmaster. John Howard's
orchestra provided the music for the
occasion and Mr.. Howard led the
singing, which included :. numbers
familiar to the members of the various
organizations represented Miss Mar
tineau favored the .banqueters with
two pleasing solos as did Howard
Hancock. Carl Danielson for the As
sociation of Commerce, Ed Shirley for
the Rotarians, c. N. Cox for the XII
wanianss extended the welcome of their
respective organizations. Norman
Black Of Fargo, District President of
the Rotary, also expressed his pleasure
at being privileged to join in welcom-
ing the guest Of the evening. ,t~-.
Mr.. Macintosh in opening his ad
dress complimented Minot upon its
beautiful parks thru which he had
been taken for, drive by DR.. N. B.
Livingston during the afternoon. He
expressed surprise that Minot citizen
~ should be so enterprising mas
much as no where in the state had he
observed parks of such beauty, in
fact, he stated that our park system
would do credit to any city of whatever
size as he had seen none finer in his
travels which had taken him thru AZ
of the states Of the Union.
does not use tobacco in any form and
if our observations are correct would
even refuse to paTtAke of his mornin's
likeable man with keen insight into
business conditions and weil littel Tor
the responsible duties Of his position
q the head Of the greatest publicity
orsanization III the world He went
to RYDER Wednesday aftsrnoon w1ese
he will speak before the Criers Of
that placeain the evening after which
he goes tosi Bismarck, ,sea Mandan' and
Beach to address the advertising fra
ternity of those cities. 5s-s'5
Believing, that Mr.. Macintosh has
a message tor, all we give verbatim
report Of his. address delivered" Tues
day evening.
There never was time in the COM
mercial history Of the United. States
when it was so urgent that we business
people get together and discuss busi-
fully We have got to learn to do busi-
ness today on an entirely different basis
than for the past quarter q century;
to come we will have to do business up
on this new basis.
Colonel Ayres. the government stats
tician who. founded the Statistical De-
ary Force over in France and then came
back to Washington and investigated
price figures running back more than
Ing chart which shows us that the ex-
treme peak of high prices over which
we have just passed Is nothing neT IN
heard people talking as If this last bur
den Of high prices were something abso::
eiutely unparalleled in the history OF
cisely three times the same way: Three
times. prices have gone up 25o per per
cent above the starting point; point, ;I1s The e
Of thirty years. that peak was reached
in 1912. The war OF 1912 accelerated
much sas e%e nat tsey hs@ sappsa ever anS
started down. Then for twenty Ave or
thirty years that downward path con-
tinued until the bottom Of the valley
century the war Of lS61-1s64 accelerated
the prices and toppled them over over Again
down for period Of twenty-five years
when once more they started up for
tar.y tSem
and again they toppled over and start
Commercial history repeats itself. We
have started down a path which will
keep on going for twenty-five years and
those who say that we may expect a
bottom Of the valley to be reached with
in few months are misguided opti-
mists and speak certainly without in
ery ss se u
OF the commercial history of this coun-
try. Don't think for one minute that
scendins see ain ss Price market for the next quar-
ter Of a century and that it may be at
least fifty years before prices return
@.ans xSe that we are sons to have sard
times for at least twenty-five years.
Rrosperity and high prices have moth.
%Seb 4 Would nth Pe psicss .se
- porous country In the world today?
ItsIould cost you (but ] hope 1t won't
my q ,s y9n IL RSsss Scu,d oas cost
pyn1 /, - rubles % send . nrst class
lStt1r lf hith prices meant prosper