The Nonpartisan Leader Newspaper, March 31, 1919, Page 11

Babson’s Advice to Financiers - Noted Expert on Market Conditions Warns Clients 6f Dark Days Ahead—Would Push Public Works N RECENT years a new profession has developed —that of advising busi- | ness managers of general conditions and what is = likely: to happen in the near future. Roger W. Babson is the first and foremost of these experts .who .put science, particularly statis- tical science, at the service' of those who control the nation’s business. The following taken from a recent letter of his to clients throws a strong light on the results of our failure to prepare for reconstruction and on what is going on of vital importance: It is well enough for prominent men to give out optimistic interviews, but’ such talk is largely for effect. - Fundamental economic conditions are bad and it is useless to deny it. A period of trouble and depression is ahead. It can not be sidetracked. We can prepare for the reaction and . prevent it from being disastrous but to stop it is impossible. The industrial classes in many parts of the world are at the point of revo- lution. Insiders: well know that the uprising of the masses in. Germany was. a vital factor in endmg' the war, and the disturbances in that country are likely to become worse when peace terms are imposed. The United States is destined to have great labor troubles unless em- ployers immediately adopt different methods. These troubles will start - with the textile industry, the copper industry, or possibly the steel indus- try. The coal and electrical industries will also be affected:. America may see the darkest period of its history in the coming days. ‘The farmers of the western states will unite with the industrial workers of the eastern cities in attempting most dangerous legislation. Those who try to dam the flood will be washed away. Our gov- ernment has said so much about democracy that the masses are now determined to have it, and to have it apply to industry as well as to politics. AID FOR PEOPLE— NOT BLIND OPPOSITION Far-sighted employers and mer- chants, instead of attempting to block the masses in their endeavors, will at once get busy to devise means where- by they can reach their goal without bloodshed and the destruction of property. As above suggested, the commg in- dustrial unrest must be prepared for and made less harmful. We indorse the government’s campaign for the stim- ulation of public works, the building of homes and constructlon of all kinds. Reaction must come, and the only hope in the situation is to give the masses as much help as possible: so that the reaction will not be so severe. ently has just begun. Because of the strict censorship of news the real so- cial conditions in Europe and else- where are not generally known. Working class unrest has expressed itself in revolutionary form through- out all European nations. The states- men at the peace conference in- Paris are really more deeply concerned-ever the outcome of the labor and Socialist conference at Berne, Switzerland, than they are in their own actlwtles in Paris. While the peace conference is dis- cussing formulas for a league of na- tions, the labor conference at Berne is "discussing the possibility of having their working class constituents at home take over the ownership and control of industries. At this moment the alhes are con- fronted. with the very serious and pressing problem of demobilizing their armies. French labor groups are de- manding that their members be imme- R R ""‘“h"""" ll";;;"'li ||||||||||||umu||||| //f/ / r il mmm\m ||||||||l|||l|||||l i :[[/i diately released from army service. On the other hand, to keep millions of soldiers resting on their arms with no immediate prospect of using them,- tends to disrupt army discipline and precipitate mutiny. The longer they remain resting on their arms, the worse this situation becomes. If they are released and sent back to civilian life and do not find con- ditions and opportunities such as all - the promises of the war guaranteed, then there is going to be trouble on a scale such as we have never known before. People in the United States have little conception of what is: really go- ing on. The conditions which exist abroad may not be duplicated here, but we can not hope entirely to escape from the suffering which they produce. We can not hope to have prosperity in America while there is revolution and anarchy in Europe. ADVERTISEMENTS Is Your Merchant Unfair to the Farmers’ Organization ? IF SO, ORGANIZE A ROCHDALE CO-OPERATIVE Save the Profit on the Sale of Your Prod- uce. Save the Profit on Your Purchases. WE WILL TELL YOU HOW The Co-Operative Wholesale Society of America Owned by co-operative associations of farmers, workingmen, and consumers in Minnesota, North Dakota, South Ddkota, Montana, and Washington, (including the Equity Co-Operative Exehlnge Puget SOund Co-Operative Wholesale, Equity Co-Operative Association of Montana, and others.) : PIONEER BUILDING, S8T. PAUL, MINN. i ol . v '“‘I’ i‘ . et e ) 4t TR " U g - ' e, Plaw? il What $10 worth of fuel plowed when used in an average Ty '.‘m‘w "‘\. M PAaialhd . 22 Acres Plowed HE main reason why you buy a tractor is to ‘pro- I duce greater crops at a larger profit. And the tractor that will do the work at the least cost is the tractor you want—provided of course that it has the strength and durability o give it long life. s0-called"’ kerosene tractor. 15 Acres Plowed On the basis of the $3.00 saved by the OilPull in plowing 22 acres, you can easily figure the saving in operating costs in the day after day, year after year operation. You can see that the saving in fuel alone e —————— A .. .. e e B e e e \ sene tractors was 66.27 cents per acre. Above we illustrate a comparison of operating costs —based upon actual official public tests. We take as an example an official demonstration in which were entered 29 of the best known tractors. In making the comparison, we, however, have considered only the 23 tractors entered as kerosene burners, eliminating the five gasoline entries, and as a basis have taken the average cost for an acre plowed. On the one hand, the OilPull plowed at a cost of 45 cents per acre—on the other the average cost of the 23 competing kero- will practically pay for the outfit while your OilPull is still a young machine. We can’t say just what the life of an OilPull is because the first ones built ten years ago are still on the job, Furthermore, what the OilPull has done in these public tests is what it is doing in the hands of owners everywhere. The OilPull will plow an acre of ground at less cost than any tractor made—bar none. *And not only has the OilPull proved this economy— its makers give you an absolute guarantee in writing that it will burn successfully all grades of kerosene under all conditions, and at all loads to its full rated ‘This gives the OilPull an advantage of almost one- The OilPull is the only tractor third—or in other words, the OilPull proved that it is braice howse, powes. capable of doing one-third more work for the same fuel cost. - And remember that we compare the OilPull with the so-called kerosene tractors only. Compared with gasoline tractors the OilPrll will cut fuel costs in half. The ' building industry may ‘become % such. a buffer. Construction- work, & both public and private, should be en- couraged by every employer. It is a 3 check to anarchy, small bolshevism, et and .I. W. W.ism in this country. b Every client should use his influence that parries such a written guarantee. Four sizes of the oil burning, oil cooled OilPull can now be had—12-20, 16-30, 20-40 and 30-60 H. P. A post card request will bring sou the OilPull catalog. g, ® with his local community, his repre- ADVANCE-RUMELY THRESHER COMPANY, Iac. = sentatives to the state legislature and La Porte, Indiana ol congress to push public works with all Minneapolis, Minn, i possible speed. Clients also have an Aberdeen, S. Dak. = Fargo, N. Dak. Ly opportunity to perform personal pa- Billings, Mont. q‘“ FANN Madison, Wis. triotic service by building at this time. 3 o G\ Prices will be lower later but it is a good deal better to build now and head off anarchy than to wait until it is too late for the sake of saving 20 per cent. Spend the money now - and then charge 20 per cent to insur- ance, good will, or something else. - -The war of nations in ‘Europe is- over, but the great class war appar- JHin . ll||l|"| lllllll"ll""lllIIIIIHI|w|lll| Illllllllll lll""l”ll Ih ‘:|l|||| I |||||l““||||| ""l!!!";l fHHim il!"" “““!‘lll|llII!|||!|!!1||ILl||||||"hn||m:|||l||u!!!!uHIIIIMII!IIIImHH mummlfll mm“ll!lllhllll!hlllll|!!ll“ !'lnl"""lmu muiii?!n !lmu!i!!lm:uu;! “li . PAGE' ELEVEN- Mention the Luder When Writing Advemsgu