Show BABSON'S AUTHENTIC STATEMENT W be Special to THE F PRESS EXPRESS I BABSON URGES SUPPORT FOR INDEPENDENT COMPANIES BABSON PARK MASS MASS- When you are arc looking for a ashare ashare share in a good business ven ven- venture ture dont don't bypass the litter among the ent ent firms In my years of counseling I have many times pointed out that there are more hidden opportunities for sound profits among independents dents than Is generally recognized Big Business vs VI Independents I believe that the future of our country depends to a con con- considerable extent on encouragement of the Independents in all lines of endeavor Some investors buy only blue cHip stocks or perhaps just those in the Jones Dow Industrial group But in a sense such investors are cutting their own throats by contributing only to the already establish establish- established ed concerns In fact it is to the interest ol of our system of democratic free enterprise to support smaller companies for a number of valid reasons For Forone Forone one thIng competition of a healthy sort can be fostered only in a climate where the independent is not overwhelmed med and blotted out by the giants During the birth of the electronics Industry many firms now leaders in our na na- na nation tion first say the light of day in somebody's garage or in a shift make laboratory In somebody's attic Hany Improvements From Small Companies An amazing number of pro pro- products products ducts now known throughout the world were the brainchildren dren originally of small in in- in independents dependents Here are a few items which were invented and first marketed by such establishments Penicillin col col- col colored ored motion pictures electric I light bulbs automobiles long long- playing records Instant co cof- cof coffee fee fountain pens frozen foods zippers toasters hear Ing aids vacuum cleaners irons Kodak and Polaroid Polaroid- cameras electric heating pads radios flashlights paper tow tow- towels els and a great galaxy of household appliances Then in most instances the big companies came along and swallowed them up along with their markets It is still tough sledding for forthe forthe the small pioneers For in- in instance instance stance magazine radio and TV advertising rates are the same for the smalls as they are for the giants It is easy to see how this handicaps the independents In their efforts to raise capital and to sell their names and products There is no question either but that bigness creates pow er and a kind of bureaucracy that breed a difficult climate for the smalls to weather A Good Place to Invest It Is always worth while when you have funds to place to look into the prospects for some of your local enterprises es such as banks and chain stores When consIdering In in- in income come safety and growth pos pos- possibilitIes I can think of a few better opportunities than the telephone company that ser ser ser- yes ves your locality For years I have recommended to readers that they invest in their local telephone tE company whether It be a Bell of 01 an independent If you are arc not served by a aBell Bell or independent unit you youcan youcan can always buy Into the Am Am- American Telephone and Tele- Tele Telegraph Telegraph graph Company which sup sup- supplies supplies plies the whole country In eluding Bell and the independents dents with long distance coverage The telephone in- in industry industry has been one of of the growing fastest of them all and I expect still further ex ex- ex expansion in this field as our population fans out Also in in- in innovations that mean more eft ef service more time sav sav- savings ings and more convenience will be constantly developed over coming years A Final Word for Independents It should be kept in mind that while the big Bell com com- companies serve most of the large cities the independent phone companies serve nearly twice as many individual ties Most of these firms are locally owned and contribute directly to the economic wel wel- wel welfare fare of their areas They have havea a built in monopoly for their districts which almost no oth oth- oth other er industries possess For the reasons given above my in in- investment vestment sense has always drawn me toward the Inde inde- inde independents But be careful investigate before you ou take any action |