New Britain herald., 1930-12-20
STOP THE ~~INIl>IIt TALk
 THL WORST k OYER

THL WORST I~ ON NfE
 It is tino 70 raa-s aau-tr- cr.p4. The wl]-a11.ru-a4 uasu.-S aep~ g. sion has had as much rutu..y aS ], usels. It Is ,m. 70 ;aua .n terms Of greater or,uw~u
 X buou,ss Impression lasts 50 long before it aus uo-.onu tu@ serapes along awhile. and then things pick I'D. How loon # improves lypyuJs q srea, deal upon uaels psychology. If sy.reou. k 10 ,ou'm~lr hang crepe arI 'a.1 in tsru~ or dire dls- rress. much r-.I and mch <ancted, then the depression lasts just that much lon--r
 Thc mental a-u,aIy ol th. public has a gr.-r bearing rpon th. length O. a busin.os deprys~rom Pollyanny- irg Of itslc does not furnish inc whercwuhal o< be.,,r business. but iacessarr chatter about hard times and unemployment impell.ng .~ar into the hearts or ii. very people who by -hc5r actions can lo most 10 bring aboat an improvement for all, serves th4 purpos2 ot prolonglng matters .adenulreIy.
 We know rho worst Tho-l is rca- son 70 lsliss- inc worst Is past \ steady swing upward dur.as 123l would not surpr:s. tho most asru'o business observers. Nothing so ruurh stands in the Way O. td's upward swing tuln incessaat peastmlsric ut 1orsuce about the tutar..
 The present depr. sstou aas Ias.aI approximately IG months. T. really set in several mourls b~rora the stock market crash. a- shown by rhe index Of industrial production. The depression. therefore, Was 10, start ed by the stock crash bot the lal- fer Was a resuI. after th- spectators lad had suHcleuc time 10 @rasp the tenor of the industrial reports mace prior 10 .hat nm..
 This 15 months is a loo-.r tiro than mos, Ierress'on4 in 'nts coau- try have lasted. and considering that the present. s=e is on. ol Speed-ln proIacuoa. distribution, cousump- ion and tiu8n@e-i, is d long time. Incidentally 1T 4a is eoumonly sao- posed inc present time j. the ap- proxina,a haIs way mark and that from now oa business will gradual lv improve throughout th4 coming year, the present 4.pr,sstou by inc time t Is completely thtr- Of h.z- tory, will have bo.o eou-ldora1iF longer than most others ta.. oo"ntry has experienced s"e4 eae mno1les.
 To make matters c,sar. lers take I'D all the dapressions tn the couu- try's history.
 The longest depression in inc aa- ;ou,s history camp after the War ot 1912. when tho paralysis of trade incident 10 inc Napotqontc wars t"- duced g depression on this side oi the Atlantic that lasted 1Ee and one-halc year-. Du, thos. v.r da>. before the nation had u,.n indus trialtzod and tho depression was oa. affecting commerce onIy
 The panic O t>a7 WAS paeoed,- bv q recession oe six woau-. d rr- ,iyaI or q year. and a depression Q. three and oue-naIt years. This too vas before tho advea. O. he indus trial ago and most ot the nation M. 4grcuItUral.
 In 1545 depression lasted abon 15 months, with six interyenin: months Of prosperity
 In 1857 the faulty banking sys tam ushered in a financial panic which resulted in 8 depression last ing about one and ono-tourth years or 15 months
 In 19G5 there r4a d depre-zon q two years. resulting largely from ta' effects of inc Cj'I War;
 In 1873 one of tho nations "ofs business panic set in, T. lasted fou and ono-half years and vas tn longest depression ill the more ro cent history Of the country.
 The depression of 1854. precede by a. year of recession, lasted abou 20 months.
 A recession in trade started i 1891. followed by a year GS92J c prosperity. and then cllma%2d b hard times from 1895 10 1895 "he revival began,
 The "Iioo7ev,It depression" 1907 lasted slightly more than year.
 The depression Of 1911 taste about one wear.
 The depression of 1914 taste about one year.