davidaulloa/AmericanStories huggingface dataset:
Evening star., 1923-01-20

WELLESLEY HILLS, Mass, Janu-
ary 20.-"I don't know which is more
perilous: To disregard the business
cycle altogether or TO get snatter-
ing of it without really understand
ing It," says Roger w. Babson in a
statement issued today. MANY ex-
ecutives think they have got the busT-
ness cycle by the tail and that their
fortunes are made These superficial
thinkers, who have picked up the
business cycle as the latest catch
phrase, are simply playing with edged
tools and are going to get badly cut.
1T is astounding how the public
has taken up the idea. From boot
black stands to international con-
ferences the latest fad Is the bust
ness cycle. If it were merely talk
little harm would be done. But many
business men, bankers. investors and
government officials. are making real
commitments on the basis of an I'm
aginary cycle. 1t is high time that
somebody get up in meeting and do
that we are all sitting around a
powder keg il we continue to cherish
this delusion of fixed cycle.
Ne Fixed Business Cycles.
Strictly speaking. there Is no such
thing as a business cycle" continued
Mr.. Babson. 1T is q serious blunder
to assume that there will be three
years Cor other fixed tntervaD OF
overexpansion and then three years
three years OF overexpansion and
another three years of depression.
To nine people out OF ten this Is what
the business cycle seems to mean--a
Evening star., 1923-01-20

periodic procession of booms and
bumps each lasting the same number
of>years! There Is absolutely moth
ing in this idea and any executive
who attempts to base his plans
thereon will probably ruin the enter
The warning applies also to bankers
investors and statesmen.
My advice is to get it out OF your
head Immediately that business fuc-
tuates In three-year periods or any
other fxed intervals. The real prtn-
ciple of the business movement ID that
of action and reaction, namely, a pc
lowed by an equivalent period of de-
preston. And when / say 'equiva-
lent am taking into account the
two factors, duration and intensity.
Moderate business activity prolonged
for several years Is equivalent TO ex-
treme activity of shorter duration.
Bnl Nearly Paid I'm Full.
ITO take the latest example, there
was a period OF overexpansion cover
ing the years 1e15-1sI9. This would
tend 70 be balanced by q compen-
sating period of depression. But this
compensation might take a variety OF
forms. II there had been a pro-
digiouS and excessive crash In 1920,
lasting only a year. this would have
would have offset four years Of over
expansion. Or. If the decline in 1920
had been trifiing. but dragged out
for years to come, this also would
be SUFFICIENT compensation. What
actually happened was a sharp de-
still severe drop. The period has
already extended more than two
years. Considering both the severity
of the drop and the time that has
Evening star., 1923-01-20
Finance and Trade Conditions
Viewed By Roger W.

Every s:ss.y ss ss & ii. hsse sad'ns % Sd' % ss Of
Evening star., 1923-01-20
REMOVE OLD WALLPAPER.

The cost of removing old waIlpa per
for the purpose Of repapering is so
light IN comparison with the advan-
tages of doing so that it should
always. be done. 1t is almost inpossi-
BILE to tell how firmly the old paper
is fastened to the wall and the con
traction of the new paper when dry
ing is quite apt to cause 1t to loosen
and sooner or later pull off. Then
again, the pattern of the old paper
especially red figures, will frequently
show through the new paper after q
time. OF course, the paperhanger
will be blamed, and rightly so, IL he
has not warned his customer that
such thingS are apt to occur when
the old wallpaper is not removed
The slight additional cost is more
than saved by the better results op-
tanned.
Evening star., 1923-01-20

elapsed, it is plain that we have near
ly paid the bill in full.
by ftself. time In meaninefess. The
question whether depression has last
nificance. whatsoever. By itself. in
tensity means nothing. The Ques-
tion whether depression has been
drastic or trivial has no Significance.
However, when these two are COM
sd time and %hen qnisnsty g1" yo9 5os are on
sound basis. This-and this only--is
the true measure of depression and
the real Interpretation OF the busi-
ness cycle.
Clean Slate for Prosperity.
"At the present juncture what
would be the result of sudden and
reckless imitation? This would mean
that instead Of progressing in an
orderly way up from depression into
prosperity, we would be attempting
a short cut. We would be trying to
evade the tail end of our quota Of
depression. There would be set
back which would last until that
quota was completed. At the mo-
ment there is no sign of such infia-
ton. The Indications are that the
remaining fragment of the allotted
depression will be wiped out in due
course, and with q clean slate we
1 SAAAA pEOUdDlg Do Eed0y- IOE tue IVA 7
period of prosperity.
"Will our next period of prosperity
be big or small? The question is Pc
culiarly diff1cult. After big period
or over-expansion, a big action, II IL
practically certain that there will be
big period OF depression, q big re-
action. knowing the action, you can
forecast the reaction-but the rule 10
hard to work both ways. To Illus
trate, * you stretch q spring q cer-
tain amount you can forecast ap-
proximately what will be the rebound.
But you can't SO easily foretell how
far tho spring will be stretched the
next time. Hence periods of pros
perity or action are far more difficuit
10 forecast than periods Of depression
or reaction.
However, we know that there is
a general tendency toward equality.
In other words, in the long run peri
DDS OF prosperity tend to be about
equal. They vary greatly in dura-
ton, and they vary greatly in in
tensity. But the intense periods are
usually short and the mild periods
are usually long, so that the area or
mass is remarkably constant. Though
the form of the next period OF pros
perity is still undetermined, we
know in advance with reasonable as
surance that its area or mass will be
approximately that of previous peri
DDS. Shortly after it has begun to
develop there may be a clue to its
probable form, whether intense and
brief or moderate and prolonged.
Besides this principle of action and
Evening star., 1923-01-20

One of the problems Of life is to get
'ur neighbors to love us as we love
'tirselves.--Toledo Blade.
Evening star., 1923-01-20
Z REALTY SALES
!. TOTAL S152,O)O
Bauman & Heinzman An.
nounce List of Transactions
Recently Completed.

Twelve real estate transactions in
volving properties valued at approx
mately $i52,0 were announced to-
day by the firm Of Bauman & Heinz
man.
Premises 21S Indiana avenue north
west. was sold to Olive NJ. Craotree
for Eugene Simmons. This is a
three-story briok residence, having
nine rooms and bath.
Property at 7so Hobart street
northwest was SOLD for J. Newton
six-room and bath modern home will
be held as an investment.
Bungalow on Large Lot.
Mary j. Child sold TO O. l. Inlay a
seven room and bath bungalow,
located at aso4 goth street northeast.
There is a large lot and a built-in
garage.
vas sold for Charles !, waiker to
This is a new six-room and bath
house OF the colonial type. having
hot-water heat and electricity. The
purchaser will occupy it as a home.
A dwelling at s02 Madison street
northwest was sold for W. A: Duni-
gan to P. ]. Cooksey. This new
colonial home will be occupied by the
purchaser as q home.
other Transfers Noted.
Other properties affected follow:
No. 1885 A street northeast. a six
room brick home, located near the
new Eastern High School, sold for
Ethel Stewart to Mrs. NJ. l.. Hedges;
742 Hobart street northwest, sold for
Joseph II. Murphy to a local investor
1905 Girard street northwest. sold for
Mrs. Helen 1. Padgett to Charles d.
Kenney: 1919 Monroe street north
west. sold for II. r. Howenstein
Company, Inc, to Blanche X. Walker,
who will occupy the property: 1905
Newton street northwest. a three
story modern brick homo, sold for
Millard F. Alley to Julia Fennelly,
who will occupy the house as a
home, and 14o4 Girard street north
west, sold for Mrs. Hanna to Edward
Bateman. The latter Is a modern
ten-room home which, after improve
ments are made, will be occupied by
the purchaser.
Evening star., 1923-01-20

reaction, there is another feature OF the
business cycle that can safely be appned
in practical ways. Every business anu
every. locality has its own particular
place in the cycle. The BOND InaIKeI' Iaad
declining or advancing before other rae
tors show a change Of trend. Tne STOCK
market also has pronounced leu.
Though not SO prompt as the secutiS ny
markets building is somewhat IN tns
van as compared with other lines Of
business activity. Near the other e1-
trenie lis retail trade, which Is lag-
gard both ON the upswings ana tne
tions of the country, the nanutactur-
ing tenters tend to lead, and the re-
gions q production Of raw materials
tend to lag. Comparing the pnys,mSal
quantity Of business with s,rv ~ ooi,ar har
fore value. In q store the NUMBER on
sales slips Lphysical quantity tends
TO decline before the cash register
readin6s (amount of, sales In dollars1:
In construction INDUSTRY the snns nus
Der OF permits tenels TO decline eesore
their value In dollars.
But the thing OF real importance
Is not merely to know this sequence
which is a. fairly simple proposltion,
but also to know how fast the perioa
being run or For example. early in
1920 the stock market turned down.
The retailer who noticed this reversal
and attempted TO estimate when, the
iiEhtning would strike his own busi-
ness would have been at loss TO
set the date. But presently, when
general business sank below par ana
began to sweep out an area or de-
preston, then the retailer was able
to forecast. Knowing how much de-
pression was due and how fast II
was being worked Off and knowing
also his relative positi in the CYCLE
the retailer could estimate very close
ly when his turn was coming.
Real Meaning of Cycles.
ITO illustrate the real meaning of
the business cycle one of the best
anaiogies is to compare it with cleo
tricity. Call prosperity electric power
and suppose that you are entitled to
10000 kilowatt hours. IF you run
your outfit at 10 kilowatts you last
1000 hours. If at 1000 kilowatts you
last only 10 hours. Or you can COM
promise at 100 kilowatts and last 100
hours. The word business cycle is
really not the word to use Cycle
implies time. IT is area or mass which
is the. important measurement. There
is no real need OF either overexpan-
sion or depression. We could run
with cycles practically eliminated.
The principle Of action and reaction
is absolutely sound, but the popular
Evening star., 1923-01-20
HOW TO RESlzE RUG.
Many Curl and Wrinkle After
Cleaning.

After cleaning. many rugs. to the con-
curl up or to wrinkle. ThisIis Because
the sizing on the back has worn OF
and resizing will pay for itself by add
ing to the durability OF the rug as well
as by making it look much better.
To resize the rug should be stretched
tight and true and should be tackled at
frequent intervals, face down on a floor
where It can remain undisturbed. It
should then be sprinkled generously with
solution made by soaking and dis
solving one-fourth Of a pound Of fake
double boiler or a container surrounded
by hot water. The rug should be al
lowed to dry for at least twenty-four
hours. II it is a lightweight rug care
should be taken not to put on so much
glue that the substance will penetrate
to the upper side.
Evening star., 1923-01-20

conception of the cycle is both un-
sound and dangerous.
To be concrete, business is. now
Btattstically at normal. BY the So
called business cycle we are at q
bad center. The Babson chart shows
this very clearly. But this is no rea-
son why we must stay there or why
the next movement will not bef-for
the better or. for the worse. 1t all
depends upon how we act-act to-
ward one another and act toward the
rest Of the. world. When Greed is en-
throned we are headed for depres-
sion; when Service is in the saddle
we are beaded for prosperity. II
there w4A. less talk about business
cycles and more about business
ethics it would be better for all Of
u.s." Il,
Copyright, lo23)
One of the problems of life is to get
our neighbors to love us as we love
70 VAC lA1@ T1I-
Evening star., 1923-01-20

The reported cut of 1871 mill, an
nounced by the census bureau for
1921, IS practically $4,000, ,o00, 600 feet,
and the actual cut was probably at
least 5000, 900, 900 feet greater II
the 1929 cut is put at $4,000. .00o, 600 IL
holds the record since 1917, which
was $4,000, 100000, as estimated by
the forest service.
Evening star., 1923-07-04

CERTIFIED
GOLD SEAL CARS
Hupmobile sedan, 1922.
Wills-St. Claire rds., 1850 miles.
Hupmobile demonsttator.
Hupmobile touring, 1921.
Hupmobile sedan, 1921.
Hupmobile 2-pass. coupe, 1922.
Detroit electric coupe.
The following cars are in good condition. al.
though they do not carry the Certified Gold
Seal They guaranteed for 80 days to be
free from mechanical defects.
Hupmobile tour, 1920. :. .S575
Ford touring, like new. 5000
Ford sedan, late 1922. $3.50
Ford sedan, 1921. ....... 5000
Ford coupe, 1920, repainted S285
Chandler Dispatch, 1920. $500
Buick touring, 1919. ....... .$375
Dodge touring, 1920. I. $3.50
Oakland E sedan, repafnted $3.50
We also have "a number of cars on consign.
ment. Among them are:
Chevrolet 4-pass. coupe,
1922, like new. $500
Wills-St. Claire touring, 1922.
Durant 6 roadster. 5000 miles,
Haynes Sport touring, 1922.
'STERRETT & FLEMING, Inc.
PISS Chanplain st.
Evening star., 1923-07-04
SALESMAN.

Experienced, to represent Old-establshed
firm in Staunton and vicinity: salary ex-
penses and car furnished this is splendid
opportunity for gO-getter: state experience.
age and present salary: replies confidential
give telephone number. Address Box 1871 h
tar
Evening star., 1923-07-04
BUSINESS OPPORTUNITIES.

OFFICE BUSINESS. clearing 500 monthly
can be operated by any one with general cler-
zeal experience; offered for 81. 900 cash; ex-
ceilent opportunity TO, secure paying. estab-
lished business. Address Box 20i.K, Star
Evening star., 1923-07-04

SALESWOMEN, experienced,
for suits, dresses, draperies and
lace curtains; good salary and
permanent position. Apply Supt.
the Palais Royal. G and nth SITS.
Evening star., 1923-07-04
WE SELL OURSELVES
WITH EVERY USED CAR

WE SELL OURSELVES
WITH EVERY USED CAR.
When we sell a used car we
know that the owner is al
ways going to remember that
he got it from us. Unless we
. sell him satisfaction, we are
handicapping our own growth.
So we are very careful to
know all about Our used cars
and to represent them truth
fully. Responsibility for the
new car is shared by the
manufacturer. The response
bility for the used car is ours
alone.
THE TREW MOTOR CO..
1909 14th ST. NV.
MAIN 4173.
Evening star., 1923-07-04
OUR CARS ARE CHEAPER

BECAUSE WE HAVE NO ALLOWANCE TO
FORFEIT ON NEW CARS, THEREFORE
WE CAN SELL CHEAPER. TERMS CAN BE
EXCEPTIONALLY REASON .
ABLE. SELECT ANY OF THE FOLLOWING.
LET US DEMONSTRATE 1T TO YOU.
1921 Hupmoblle roadster excellent
tire motormeter. ter............... ss75
1901 CheyroIet Touring ........... 200
1920 lys-knight touring (oyerhauled) $50
1921 Willys-Knight touring {overhauled
and repainted), good cord tires. 100
good cord tires 49, 1,4Oo
1921 Ford sedan ...,........... 30J
WHY'S six club roadster, wire wheels
and new cord tires; overhauled
and repainted. 800
1920 Chandler sedan 7-pass 100
1921 Overland sedan, repanted. 4Jn
car guaranteeJ J.............. $50
1922 Overland touring NEUTRALITY-SUSPICIOUS., 4On
1921 Cleveland touring ing............... $50
1921 Studebaker special 6 touring: new
tires; AL mechanical condition. 5Ja
1921 Ford sedan Observation-Disclosures. 81
Evening star., 1923-07-04
SALESMAN.

Experienced. to represent old-eStab ablshed
firm In Washington and vicinity: salary. ex-
penses and car furnished. This is a splendid
are and present salary; replies confidential; ;
give telephone number. Address Box 193-k * i,
Star Office
Evening star., 1923-07-04
PERSONAL.


NEN.S CLOTHES ROUGHT-NE FEEL LIKE
saying you ought to be arrested for expecting
more than we pay for used suits. shoes and
luggage. Main 4145. JUSTH'S OLD STAND,
c1g ID.
AUTO RIDES WEEK ENDS OR EVENINGS.
nice fast car for three or congenial people;
reasonable. Phone Franklin 1921. 5s
WILL SOME MEMBER MASONIG FRATER-
nifty loan brother small sum of money? Ad-
dress Box 1s5-K. Star office. 4"
YOUNG CUBAN WISHES TO EXCHANGE
Spanish lessons for English. with young colored
woman teacher. Answer 10y mail, 81 st.
nv u
NE ARE NOW PAYING 81 TO $40 FOR
mems and ladies' used suits. Our prices for
old clothing are the biggest. Wash. Clothing
Exchange. GA ID ST. NV. Phone Main 1878.
PHYSIOTHERAPY AND BLECTROTHER-
apy scientifically given. For appointment,
phone Potomac 144I.
RATS, BEDBUGS, REACHES, FLEAS: IN
slant results GEORGE F. SAPP, 227 Mary
land building. Franklin 299l. jy31s
HOME FOR AGED.
Inyalids and rest cure: special diet; night
and day nurse. North 1868. 1924 goth st. NV.
Evening star., 1923-07-04

AUTO PAINTERS
FIRST class, wanted: best working conditions
in Washington; skilled men only need apply.
SgIS 10Th sf N
Evening star., 1923-07-04

LIN coin Statesmen =
Must be high-grade car sales
men,. Robey Motor Co., 1929
L st. NV.
New Britain herald., 1923-03-20
ROBINS MAKE IT THREE STRAIGHT
BY WIN OVER WASHINGTON SENATORS
Cincies Trounce Cleveland
In Exhibition = Yankees
and Giants Both Lay OF
Because Of Cold Weather
--Kopf Must Fight to
Hold Job.

Clearwater, Fla. March 2o.--The
Robins made 1t three straight In their
exhibition games when they tri-
umphed over the Washington Sem
ators here yesterday afternoon. BY a
score Of s to I. The National ieaguers
staged nine-innlng rally and scored
three runs before a single batter was
retired. The contest ended when Red
Schleibner, a recruit, shot a single
past third base. The hit scored
Stewart and Johnston with the tai
lies that were necessary for a Brook
lyn victory.
The winning runs were made Of
Wallace Warmoth. a left-hander, who
pitched the last four innings for the
Senator's. Olson, batting for Decatur,
started the rally when he drew
pass. Stewart sent Olson to third
with double, and Johnston's infield
hit scored Ivy A pass to Griffith
filled the bases, and then schieibner
slammed out the single which broke
up the game.
New Britain herald., 1923-03-20
HIGH SCHOOL WINDING UP BASKETBALL SEASON WITH CLASS GAMES
BOWERS DEFEAT BOYS STAR ON OXFORD CREW
BILLY EVANS FINDS "REDS" WILL BE REAL C0NTENDERS
in 1923 NATIONAL LEAGUE RACE FOR FIRST HON0RS
BY Billy Evans


Orlando, Fa,. March 20,-What
chance have the Cincinnati Reds to
win the National league pennant'
The fine showing OF the team last
year unauestionaby gives the Reds
right to be considered strong con-
tender.
On paper the club looks mighty
strong. A man-to-man comparison
with the other leading clubs really
makes the Reds stand out. There
isn't a single glaring weakness on the
club.
However, the one thing that has
impressed me most about the Cincin-
natl club was the spirit of the players
the loyalty that each man has for
Manager Pat Moran.
The spirit and loyalty of the Reds
squad makes for harmony. No ball
club has chance without that one
great essential.
Players Confident
The Cincinnati players feel that
the7 have a fine chance. They are
equally positive there is no better
manager in the National league than
Pat Moran. They want TO win In 1929
for their manager, and for the Big
slice of the world series money.
Morning and afternoon practice is
Manager Moran's program. 1t calls
for the players to be on the field at
10 in the morning and 1880 in the
afternoon.
Desiring to renew some old ac-
quaintances among the players. l de-
cided to get out to the ball park
early. ! arrived at $3.50. To my great
surprise / found the entire squad in
uniform and hard at it. When Man
ager Moran arrived at 10 the players
had a good start on him.
Back on the Job.
In the afternoon ] motored out to
the park with Joe Tinker. famous Cub
star of other days, and Manager Pat.
We aimed to reach the park at 1880
and arrived on the dot. The same stu
alton again presented itself, all the
PLAYERS were in uniform and under
way.
When Manager Moran arrives the
practice stunts follow a systematic
course laid down by the leader OF the
Reds. With watch in hand, Pat directs
the work of the pitchers and batters.
He sets aside given amount of time
for each department of play, and at
a word from him, it is discontinued
and the boys go on to something else.
The Cincinnati Reds are one large,
happy family. There isn't shirker
in the squad. Getting into the pro
verbal pink" of condition is the
thought uppermost in the mind OF
every player. Il
The Cincinnati squad has the old
spirit, harmony is everywhere. THESE
two essentials, plus real ability make
the club loom up as strong pennant
contender.
New Britain herald., 1923-03-20
Kopf Has Opposition.

Boston, March 20.--Much uncer-
tainty prevails In the st. Petersburg
training camp of the Boston Braves
as to who will make UP the regular
infield. according to word reaching
here today. Even Stuffy McInnis,
peerless first sacker, was said to have
opposition at first base in the person
of Fred Henry. Larry Kopf and
Tony Boeckel regulars most Of last
season. had hard opposition TO face
in Jocko Conlon and Bob Smith.
Memo Liebold, outfielder, was the
latest addition to the squad at the
Hot Springs (Ark) camp of the Red
Sox, whose players have spent most
of the training season to date in
watching rainstorms. Manager Frank
Chance was reported as being dis
gusted with the Hot. Springs location.
New Britain herald., 1923-03-20
NEW HAVEN BOUTS
Silyerburg Gets Decision Over Marine
Young Leonard Also Wins In the
Final Match.

New Haven, March 2O.--Young
Silverburg of Ansonia furnished the
real fireworks on the Nutmeg A. c.
boxing card at Music hall, New Ha-
ven, last night when he dealt Spike"
Marine of the Elm City the FASTING
of his career. After eight hectic
rounds Referee McAuliffe awarded
the decision to silverburg with no
dissension from the fans.
In the semi-final Young Leonard,
of Wallingford, had an easy nights
work as Soldier Lewis, of New Ha-
ven, did not last whole round.
He started out like the proverbial
million dollars and was clearly out
boxing the Sheik" but made a sud
enough to try and swap punches
with the Wallingford slugger
lie discovered that it was easier
to sleep than fight and acted &C.
cordingly, after Leonard had driven
home couple of hard smashes to
the body and jaw. 1t lasted two
minutes and 90 seconds.
In the first four-rounder Red
Toothill OF Meriden won the decision
over Babe" slattery, OF New Haven.
The other four-rounder was won
by Young Monguese over Young
Goldie of New Haven.
Johnny Mason, of Bridgeport, and
frankie Victola of New Haven, boxed
six rounds to draw decision.
New Britain herald., 1923-03-20
Mickey Walker Will Risk
Title in Thursday Bout

Newark, March 20.--Mickey Walks
er, welterweight champion, will take
mild chance with his title in a
bout here Thursday night with Pete
Latzo. clever Pennsylvania welter
who beat him once before. Latzo will
have to stop Walker or stop a foul
blow in order to win the title and
the chances are against either of
those happenings in Walkers home
town.
They are to fight 12-rounds, to no
decision Walker, shaded Latzo in one
of their previous bouts and Latzo won
from Mickey in another. Mickey has
been like all the others since he won
his title from Jack Britton early in
the winter. He was going to fight
them all and take his chances on Off
cial decisions. Instead of which he
has been fighting in no-decision ter
ritory and mostly against novices Of
confirmed fourth raters.