Democratic messenger. [volume] (Snow Hill, Md.) 1869-1973, 1922-06-24

business. and each individual needs
now to study his own business cycle.
Tie organizations which have done
this in the past have reaped prompt
benefits. Some OF these are the Den
nison Manufacturing company, the
American Radiator company. and the
American Telephone ana Telegraph
company, but a rapid survey of Amer.
lean business shows more than fifty
other examples of intelligent anticlpa
tlon Of the business cycle by AmerI
can business men.
IL Is worth noting that this intelli
gent anticipation results not merely
in greater security on the job for the
employccs--and of course the Presi
dents conference on unemployment is
Interested in thnl-but also IL has re-
suited in profits 10 the employer and
work for the worker. ut II time when
other peoples business was in the
doIdrumS
There vas Il time when the country
had financial panic about every So
often. precisely as II now has the bust
ness depression. But the Federal Re
serve Banking system has taken away
this threat of financial cataclysm. And
81 Ne ask. why not something to hit
the business cycle as wellI Secretary
Hoover feels exactly that way and he
hopes to find the answer by the study
in which We are now engaged.
The Dull Seasons.
But these larger movements OF
booms and slumps are not the whole
story. In every year comes the minor
problem of seasonal lntermittcncy and
Unemployment. Generally speaking, the
summer months. with their slackenin.
of activity. and the vacations which
interrupt the How of business, are fol-
/ lowed by the busy autumn period
after The rush OF the holidays comes
another dun season.
Particularly, building OF course,
slows down In winter; manufacturers
OF agricultural implements have their
maximum number of employees in the
late winter: automobile building falls
oft in the autumn Hosiery. garments.
shoes have twu peaks Of employment
a year-carly spring and autumn.
i, Twice rs many factory workers are
idle in Massachusetts and New York
state. Tor example AT the end OF
March a. vi tie end OF September o.
the same year.
W. all know that there is an OIL
season on the farm after the crops
have hccn gathered and the fruit
picked. Road building slows down in
winter ana logging camps are Idle in
summer The fisheries tall oil during
Certain seasons and 81 ii goes.
Just as some business men have
controlled The cycle in their own nj.
fairs. So these seasonal waves admit
/ OF control within limits. How far NJ
one can tell until he tries It with his
own business. Anticipation Of demand,
analysis Of markets. extra sales effort
all these have been used with sur
rising success.
Many concerns have prohted by
lusr such intelligence; but their num-
4er j. few, where it should be- large.
There are examples in the manufae-
,ure of mems and womens clothing. m
corset making. art embroiderieS. paper
special,ies, glass making, shoe making.
md tool making. and in the market
u. Of meats, dried fruits nuts. etc.
all OF them seasonal.
Missing Something.
The important point To realize Is
that unless the American business
man has studied his business over u
period OF many wears and Is laying
his plans accordingly, he Is missing
something this year and BY that much
j. the helpless victim of so-calleG
"bliud economic laws" Working to-
gciher American business men man
ufacturerS. and farmers. can do even
more They cannot only deal with the
management Inside their own particu-
lar Industry. but with some OF the
forces which affcct them from the out
side Right here Is whore the study Of
"unemploymeut and business cycles
may be- depended upon 10 help out.
This will not Ice completed until next
autumn But already the value Of get
ting together in modifying the evils
Of hooms rs well rs Of Slumps is very
clear
For example. the policy Of holding
back construction work in boom peri
DDS and OF expanding plans and equip
nent in dull ones viii enable the bust
ness man to take advantage OF lower
costs AT the right time. He will not
he paving high prices for material and
labor in boom periods by overbdding
his competitor. In other words. the
business man will not throw away hi,
money In good uucS but viii set aside
a portion of It 10 keep the Industrial
wheels going IN the aif-years thus
creatln. employment for more men
anu demand for more goods.
On the other hand, every mistake in
Judgment by those responsible for
commercial and Industrial decision
result, in waste. IN the year l92!
alone. 1903. manufacturing ana trad
ing companies went into bankruptcy
with liabilities totalins over $G27.O00,
Ou0 and thousands, thrown out OF