Show G mi ss a B E y a sa j ii t x c fb 4 Some e Comparisons s Mis Misleading I H By Ira C. C tich Tichenor nor various circumstances at present prevailing N DISCUSSIONS of I. I IN tor Ir or which hi h were in evidence during the recent period o of reconstruction recon recon- i on and the present settling down process too frequent frequently comparisons ate are made i with th figures and circumstances when affairs skyrocketing of producing and buying I were were ve at itt the peak of the unreasoning t that t t resulted In tho season of ot depression from rom which the country now Is rapidly emerging I J V On the other h hand nd few comparisons have been made with wih the conditions wh feh h prevailed during the last real panic tho the country experienced twelve years ago oo and ad the recent recent period of stringency ir For In instance ta ce Wall Vall street especially made made much of the tho fact tac that half hundred h dred big big Industrial corporations passed their dividends during the last I quarter f of 1920 and the first two quarters of tho the present year Tho fact tact weY r rl Is overlooked that hundreds s' s of ot other big corporations ns continued to will remember that during the tho panic of ot 1907 8 pay s. s Many lIany people wJ the reverse was true The great majority of companies paid no dividends I oni made disbursements of this character while h e only a very few t t. There is 15 really raly no comparison either fn m n the number of failures and aro nt of ot liabilities of ot the last panic period and those of the recent period of cy It I wl will be remembered that during 8 1907 bank failures were of dally daly occurrence while practically the only money In circulation waa wa Wn I C The Th fact tact recently was wa alluded to that last year car only five national tanks banks kl closed their doors Compared with wih more than than of such banks banks' fn In I existence tence the the five failures made a a percentage that Is Js' almost nil nt being only bit about ut 01 per per cent And nd too w while le mone money was ns tight the country was wa I ri J t. t d with Wih scrip The Te statistics rc recently enty made public b by the United Stal States s' s department of ot V labor Indicated d a a sharp falling failing oft off In employment but the comparisons I made a dealt deat with employment at tho the peak and and not with what might be called cled cledor iff normal or al co conditions Out of fourteen Industries Included In the tho sur survey only I four show r- r row ow a decrease In employment of ot as much as 20 per cent as compared I with July 1920 and two show Increases while five show how how decreases of less Jf f 5 per cent ent jio Mariy y other examples could be given but these are sufficient to show tat that o occasionally comparisons do not not properly compare |