The Waterbury Democrat., 1931-08-03

ceSSfuIIy with the IncTedSiHHy complex problems of present-day distribution.
 The work of the New England council since its formation in 1925 has set a notable example of effec-- tive cooperation on regional scale. Throughout New England communities the council has work . ed unceasingly to foster a spirit of mutual commercial helpfulness. to stimulate old industries. develop new resources. and in general weld the region into a more compact cooperative unity. Nor can this aim be charged with marrow sec tionallsm." The best service any section may do the nation is to keep It's own industries in sound health. Economic mnladies, we have learn ed, may prove as infectious as physical ills. Az market for $3.- 900, 900, ,000 of raw materials year ly, large share of which Is ob- tained from other sections. n stable New England is vital to the coun- try as q whole.
 In the field of research no other part of the country Is better equipped than New England with precise and practical information as to its economic situation and needs. Much of this has been pro vidcd by the research activities of its many able chambers of com merce, the New England Council, the banks and the universities. And there is the contribution which has been made by the United States government. such as the far l. n IoI ip1pS. trial Survey of New England"
 made by the commerce depart mcnt, the study of the causes of commercial bankruptcy in the city | of Boston. and costs and operations analyses of large number of n1- tional industries with important representation in the New England states. It Is my personal conviction that not the least decisive of the factors determining victory or de- feat in the competition of tomor- row will be the ability to make
 practical application of the results of such studies to the problems of
 market development, cost control. and the elimination of distribution | waste.
 Today 1t is not simply optimism to say that we are feeling the first ground swell of a turn in the gen
 eral economic tide. The change
 may come slowly, but It's coming Is sure. New England. with the les
 sons of application already learn ed in it's period of readJustment.
 with It's physical resources. It's ex-
 pert and diversified industry, its
 intangible wealth of business sa- gacity and managerial skill. Is In position to meet the changing cycle
 with confidence.
 The New England business structure as we see 1t today is a
 mature, finely integrated organ-
 ism, the fruit of long. sound growth. It is not logical 10 expect of 1t any meteoric expansion. It IS logical to look with assurance to a steady, vigorous development in
 keeping with it's high tradition and
 the indispe nsable position which 1t
 holds in the national economic
 scheme. For Boston, as the economic ca pital of a reoriented and advanc-
 ing New England, the next years should also be rich In opportunity.
 With one-hfth of the sections 'n- dustrial output centcred in its met ropolitnn area. and dominating a trading district which contains 46
 per cent of the population and 44 per cent of the wealth of the
 northeast, Boston is both the com mercial nerve center and indus trial heart of the entire New Eng land region. The two. must noWish togcther.