New Britain herald., 1928-07-18
KREbS PRESCRIBES
FOR PESSIMIST|C
Tells Business Men They Are
to Blame for Gloom

The success or failure of an in
dividual, business. city. state or ma
ton depends entirely upon the state
Of optimism displayed. according to
DR.. Stanley L. Krebs, president Of
the Institute of Mercantile Art of
New York. DR.. Krebs spoke today
at q Kiwanis luncheon to which
members Of other clubs and promi-
nent business and professional men
had been invited.
Vice President Harry c. Billings
presided in the absence of President
Elmer w. Pape. who is out of the
city.
The trouble with most cities and
| organizations as Well as most indi-
viduals. according to DIR. krehs, Is
that they are afflicted with para
lysis Of waiting" He said they want
to wait until next week or next year,
or until Germany pays her bills or
France settles UP or congress acts
or something else takes place They
| just keep on waiting, he explained.
Man to Blame for Cities
He said man has no right to blame
Providence for his misfortune. Man
made the cities" he said. God AL
mighty gave him the material and
let him build them. If God Almighty
had made New York he would have
done better job" he declared.
ITO be a constructive optimist We
must believe that If there is any
thing wrong with the world, we our
selves are to blame. There is a
rumor that there is depression
economically. Who is going to lift
this loop back to normal?
II meet two reactions when ! sug-
gest that We look at things from an
optimistic viewpoint. One man says
What can l do: I'm only little
fellow. I can't do anything That
man doesn't realize what a tremn-
dous force personality is. He has an
inferior personality.
1.-THE other man is afflicted with
paralysis Of waiting. He doesn't
want to do anything until some
force outside Of himself comes along
and takes him by the nap of the
neck and trails him along like
baby.
Luck means something that hap
pens without cause. Science sees no
phenomena without a cause.
No More Panics
"Smita the pessimist when you
hear him croak. We draw In our
horns and produce the very depres-
sion we complain about. / hear men
say There is going to be a crash
Will that kind of talk feed your ba-
bies? Is that the way you send your
statesmen out? Since the adoption
Of the federal reserve system there
can never be financial panic in the
United States, such as there was in
the old days.
There was a time when six or
eight men could sit around table
In New York and by resolution stop
the wheels of industry in the whole
United States. They cannot do 1t
now. The old Wall Street is no
more. OF course the street is there
and the banks are there. But there
can be no more panic.
"One OF the economical reforms
the future needs is that of long term
loans. We need more optimism in
business.
"One businessman meets another
on the street. He says, We are not
selling as much as we did The
other man says. Neither am !, there
must be something wrong There is,
that's it. That expression There
must be something wrong Each
man scares the other to death and
they 60 back and fight their business
down.
IAN optimist is bald headed man
buying hair restorer from a bald
headed barber.
Pessimisn 1t Home
1--WE seen many happy families
damned by pessimistic father or
mother. I've seen many boards of
directors damned by one pessimist
on the board. I've seen towns where
If just one man got out of the bank.
the whole town would be blessed"
As an antidote for pcssimism
which he says he has used with !
great effect, DIR. Krebs offered the |
following formula: y don't know
anything about the facts or figures /,
you are quoting. but I'm an Amer-
can just like you and all the prob |
lens America has had in the past |
have been satisfactorily settled, and !