The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1923-04-10
BUSINESS BOOMS

Slumps IN business. Is the conciusio
reached by group OF the country
ablcs business men who have supei
vised an extensive inquiry GOVERN
unemployment. good and bad times. a
inhnitum Secretary OF Commerc
Hoover sponsored the inquiry, and h
called upon more than 200 employers
labor leaders. economic experts. inan
cial advisers and social workers TO tc
the committee what they knew. wha
they thought and suspected The dc
termination reached through the col
lective knowledge obtained through
the employment OF able brains seem
to verify the poet who wrote:
The world goes up and the world
goes down
And the sunshine followcs the rain
And. 10 return TO prose, what the
country needs, TO quote Secretary
Hoover, is the engagements OF judg
ment in individual business men and
consequent widcncd vision as 20 APP
preaching dangers" With a correct
understanding OF the actual business
conditions OF the country. the commit
tee believes. every business man should
be able TO guide his affairs conserva-
lively over the periods OF depression
that may at any time await just around
the corner. In order that business
men may know what the future has in
store for them. it is suggested that the
state and federal governments cX-
pand their bureaus OF research and in
formation so that the business and
other interests OF the country may
know what kinds of times to prepare
for. and be able TO cut their cloth ac-
cordingly.
Practical "Stabilizers"
There are hundreds of instances that
go to prove that it is entirely a prac-
teal proposition to stabilize business
and TO keep the wheels running at all
times smoothly through the periods
when THE world goes up and the
world goes down" Just as a local .
guages his stock to meet the .
known demands of his community, so
can the manufacturers and the pro-
ducers measure the conditions of pros
ner,tx. affart.vrr tf..- ...... d, A.. -
by refusing to lose their heads in the
boom periods. keep right on going
when the inevitable slump follows
The survey made by the Hoover COM
nittee on unemployment shows that
/ great many OF the large firms of the
country have kept themselves thor
'ughly informed regarding general
conditions throughout the country Mr..
Hoover says: The investigation has -,
hown that many firms pursued such /,
'olicies and have come through the :,
eoent period of business disaster with
uccess and stability. and that ignor-
nee OF determinable facts accounts for :,
ne disasters to many others" a,
The difficulty is that the sources OF M
ieterminable facts" are not gener- ii
ly known. Trade associations and in
ade publications are doing their good
ork to keep the thinking straight. ,
Id most newspapers and magazines |
e disseminating the right kind OF
'eful knowledge However. those who
i've studied the question seem agreed
at while the functions OF the Fed
al and States Government are being
.panded to give better service TO the
ibic. that there should be a proper -
largement OF the work OF supplying I
finite and authentic information. and
pendable statistics, uncolored by
y selfish interests.
Selling the New York Subway.
Mayor Hylan of New York is de-
mined to buy the New York sub -
~ for the city. There never has -
EN- a vote of the people of the met -
polio on the subject, but he assumes ~
1t his own election is a mandate ."
'oring public ownership, and the re- -
lusting OF federal and state laws re- III
riding public utilities. To this end ~
has appeared before the committees ~
congress seeking legislation to at
nsfer certain jurisdiction over public TO
ity cases from the federal courts OIL
the state courts, evidently in order $"
get a little closer connection be- ma
'en Tammany and the judges. on
he Ney York mayor seems to for i
that the New York subways have 'h'
ned world wide reputation as the eS
managed utilities in the world. PR
that New York City has the name at
being the worst-governed Of all ans
erican cities. Then why. people TIM
turn over the great subway sys- pri'
J 10 be added 70 Tammsny's pill rea'
g, WI t,~;