New Britain herald., 1923-09-28

psaht making eAsFssE In fact. tAs
project Is 40 pFemisiRE that ths sew
eFsl hundred acres surround Y aas'
outside Of Besiea Il developing into
the tsNn OF Bahsan Parks future
eentsr Of infsFmstieH and education
ts the shtiFs business world. Colonel
John Deerow-ons OF the leading el.l.
gems OF Msllsssy-rseently referred
70 il as the statistical city" rather
hitting trihuts. NE thing, 20 the father
Of business feFeeastiHf,
The habsonehart
We reproduce, herewith, the bah
senshsFt OF American BUSINESS EeAais
items fer those who may be Interested
In ne construction.
Statistics on the twelve leading
baromsters OF husiness-huilding
hank transactions failures, labor con-
ditiens. money conditions, foreign
trade. gold movements and money
rates commodity prices, investment
statistics. crop conditions. railroad
Earnings, and social factors. are com
bined 10 Determine the course OF the
various lines Of the chart
IN iihr MI TOT NietaHftf as@f
marks the natural growth OF America
Is determined by bank transactions
The line which bounds the various
areas above and below the KY line II
a combination OF all these barometers,
II shows the actual path OF business
II is the areas between These lines
that demonstrate Newton's Law and
make scientific foreeasting possible.
You will note, that the black space
above the line marked "B" Is an.
proximately eaualed In area by the
period OF depression below the line
marked &C." Likewise ID" is equaled
In aera by "E." IF" the great period
OF war and postwar innation Is rapid.
~ being offset by the depression area
"G"-over so per cent OF this denation
having been completed.
The auickening OF business last
spring could not last because 1t got
started before the readjustment was
finished. The chart indicates that
business will not boom again until
1925, but that 1924 will be much bet
ter than 1921 or early 1922 because
the worst OF the depression Is over.
There IL no way OF telling how high |
the next period OF prosperity will take
us but as II nears its peak It will be
easy to tell Just how much readjust-
ment must take place. 1t is exactly
like borrowing from bank because
business actually borrows from the
bank of prosperity Nobody knows
how much you will borrow but when
II comes time TO pay back, one can
easily figure how much you must pay
back. Just so, business imitation must
be paid back in deiation, but the coun-
try as a whole gets gradually more
prosperous as is indicated by the long
trend of the KY line.
A few moments study of the chart
will convince you that good business
is not wild prosperity, that must be
paid back in economic headache, but
rather business near the KY line Of
normal growth that Is neither too
good to last nor so bad as to cause
suffering and hardship. Normal bus
mess Is sound business
We asked Mr.. Babson what makes
these continuous changes--these ups
anu GOWNS. ne dHeWeTeu, DSCduSG
people try to run counter to the Ten
and the Multiplied
ton Table. Whenever 81 per cent of
The people try to ride in the cart and
let the rest pull it, then business be-
gins to decline. But when 81 per cent
Of the people try to ride in the cart
Ind let the rest pull it, then business
begins to decline But when 81 per