Mohave County miner and our mineral wealth., 1922-10-13
DABS0N. staa;It;o;sn Famous
 ID on Business Conditions

Wellesley Hills, Mass, Oct. 7, 1922. Discussing the statement of certain bankers that the country is headed for another period of imitation, Roger w. Babson today issued the following statement, from his statistical offices at Wellesley Hills:
 "For readers who are not bankers and economists, let me first explain in simple language, what is meant by imitation. Men who are acquainted with the Babsonchart or Business Conditions know it is made up of two lines-first normal line, representing the permanent growth of the country which looks like simple uphill grade and a second line which looks like the outline of hills and valleys. This second line represents temporary bus mess conditions. For a few years it is above the normal line and then for few years it is below the normal inc. When the two lines coincide, business is normal; but when the second line is above the normal line bankers say we are having imitation, while when this line is below the nor
 a The, bankers say we are having deflation. Just now they say that we are threatened with another period of imitation.
 "The normal line of business is de- termined by the honesty, intelligence, industry, and thrift of the neonle. Comparing the health of business with the health of person, we would say that the normal growth depends upon how we behave and how we take care of ourselves. The temporary bus ness line, however, is affected by stimuli the same as our body. A stimulant may greatly exhilarate us, but we know the effect is only temporary and the reaction afterwards is very de- pressing-we feel much worse in few days. This is the scientific explana- tion of the common saving ,'I feel like the morning after There are several reasons why the bankers may be right in saying that a temporary period of imitation is at hand. The country dur ing the past year has been given three distinct stimulants, which should arti- ficia'ly help business and thereby cause imitation.
 "The first of these stimulants was the Immigration Law passed year ago and which was recently re-enact- ed. This is known as the 39o Law, which limits the emigration from any country in one year to 39o of the people now here from that country. It is practically a tariff on manual labor and on common labor. If con- ed to White Hills the following day.
 A. Yer Mehr and family returned from San Francisco this week.
 Dr. J. Sed Dean and nr. E.. D. Smith visited the Canyon of the Colorado at Diamond Canyon this week. They report the gorge there to be one of the most wonderful spots in the world.
 Jake Mashon was in town from the l Flores mine thlS week.
 John Boulware, of Minnesota dis trist, was a Kingman visitor this week.
 George E. Johnson, of the Flores mine, was a guest at the Hubbs House this week.
 James Twiggs and associates have just completed their run of the Flores mill, more than 600 tons having been put through the crushers and a large tonnage of concentrates secured. These concentrates carry a value of better than $100 in gold, besides base metals. Several big bars of bullion from this run have been sent to the San Francisco mint.