Salt Lake Telegram | 1930-10-15 | Page 7 | Depression Teaches Valuable Lesson

Depression Teaches Valuable Lesson Editor The TIle Telegram If It tho the business depression that has been riding us for the tho last few few months has dono nothing else elec it at least has provided a a. stopper for tor a n alot alot lot of ot the bunk and anti hot air that had been infesting tho the land in brighter days The Tho easy optimism of ot the old days das ot of prosperity Is gone and in its place there Is emerging an attitude of self criticism and skepticism that thatIs i Is la a lL great deal more wholesome Up to tho the stock market disaster of or October October October Oc Oc- Oc- Oc tober 1929 the sk sky was the limit People who were old enough to to know better went around assuring everybody e that wo we had entered into Inton a n new era In which depression panic and disaster would be no more This kind of or talk Is not heard quite so 80 freely treely and In that fact lies the tho one great benefit which this extremely unpleasant depression depression depres depres- sion Is bringinG It is Impossible to make much pr gress when you ou discount all ob obstacles obstacles obstacles ob- ob in itt advance Success of ot any kind is only to bo be had b by hard work and deep thought Providence In Its Inscrutable wisdom has bas not yet jet et reached the point where It is going to hand the sons eons of ot men all the riches of or earth on a n silver sliver platter platter- not even In the thc United States But hard work and deep thinking oddly enough were not vel very popular popular lar Jar In the tho period that ended with the great Ireat Wall street sheet crash In Instead Instead Instead In- In stead we gave our attention to the glib talker to the bluffer to the theman theman man who alo could coul see nothing ahead of ot us but Ta a a cl cle clear r tr track ck and l d green signal lights We e aro are paying for tor It Of Ot course If U UVo wo we simply sit back now and wail ail about the fhe cruelty of or fate tho depression is not going oin to todo todo todo do us any good But If It we realize that tho bluffer and the high pressure pressure pressure pres pres- sure artist have havo their usefulness use ulness wo wo shall shaH be able to buckle down and pave P otho the wa way for or a a. real return to prosperity ECO O ECONOMIST