Show I SOUNDS WA NING ABOUT Economist Says Young Young- Y Younger oung- oung I er Generation Has No Idea of Dollar Dollar Value WELLESLEY HILLS Mass July ROger 27 27 Roger Roger W bon Ba WIlS today asked why hy It Is th that t he Is not notto Ao optimistic on the general busi busl- buss buss- business ne ness situation hen ft hen BO so many ot of o the tho ot of business Indicate te great The casts forecasts o of prominent bonkers bankers and Ond financial ad- ad ad advisors visors were vere erp called to Mr Babson s a attention and he was as as frankly asked h a a 01 was ns as needed under present stable Mable table conditions His re- re re-lili re Ih was as as 53 folio follows s It It Is true that I hit a number of the barometers of at business are aro I 1 fa favorable arable at the present time I In n order to be absolutely fair to to I et eJI took pains to these In a published only ani a ft month ago The merchants 1 lie no e not 0 have hase not been spec spec- speculating In rw rl ri v banks e goon resources chec check trans trans- transactions trans actions ate ale ai normal railroad earn earn- earnings ings 1 are good and andOL OL 01 r I great Industries are apparently on a sound basis Sly 1 critics are correct In their statement that SU- SU face su face Indications point to a 0 wonder wonder- wonderful wonderful ful business Ihl this fall tall and perhaps t two ta a 01 o three ears of at rising s sI I i aize these e i icing figures as ell eil as an am one and It I 1 ery ery hard for tor me to 10 1 a warning while h so man lr ire re so optimistic and sO sOI I 11 U-S U G FOLKS 5 Mt 1 T reison reton for sounding ning 11 L I a I Is t two told fold o-fold First riNt the on chart chirt of at business conditions cho s clear clearl clearly that the period of I Is iq only about 60 per percent percent cent ent completed and that fUl thel readjustment Is Inevitable Ine Secord the attitude ot of if the generation is distinctly harmful to the present That Is to toay say 18 m mv warning i Is Iq bad bas d both boUl on and on a study of the I tor forces es mg Ing bust bust- bustness busl 1 ness Of course In rea lit the spiritual or moral forces are byJ by far the more as the J really determine what hat and the chart will III later show The I attitude of the people bears the the arne oame relation to the and statistics I that the temperature bears to the thermometer or as loadings ascar-loadings loadings ear bear to railroad ra earn earn- Ings togs I I hue hive offices In twenty six twenty urge cities and correspondents In IntO two t hundred other cities dUes In ery e locality I find that the average man today Is Intonated interested only In spend spend- spendIn spending In ing People not only nt to Jet get getrich rich lich quick but without working P ople are hg without without with- with without out an thought about where here the 11 i coming from wIth Ith which i to pa pay Our oung people popie seem to e ae the Idea tint thit dollar doHr bills crow on trees and all a th then lies h have hae to do I ito Isto to pick t them ort off Alln t no one a ant liB to work ark e i c-i fe few want a nt to toI produce Earnest a an ani 1 manual laborers laborer such ouch as we had tnt fie e rs ago ire re almost nn an unknown n quantity wants ants to rido ridd l In the tile cart and no noone noone noone one a wants to pull Our of Producers t Is 14 steadily decreasing and the per percentage of middlemen is M I l II ro rn PRO in crass Such Such e con con- continue continue con continue foreA tore fore A dog may live U-e on his tall tail for tor awhile but It tt cannot continue this process IndefinItely People may for tor a while got get a Its 11 log Ing doing one another s washing but after the clothes pro re worn orn out there will 11 bbc ito jio mar more washing to todo todo todo do A eel number of people can an as ns middlemen Middle Middle- Middlemen Middlemen men iwen are a and serve serie a valuable economic function but Americas America's great need Is producers esp ly la men and women omen tilled filled the desire to produce and with the joy of production great need neld Is a revival re hilI of ot the joy of work ork gre great t need Is Isa isa Isa a revival hal of the desire to serve great need is a revival of the habit of saving easing Ing I I am not fea fearful for for America In inthe Inthe the long run but rather I am a great optimist on this country and the people of o this countr country My y love of America causes me to Issue the tho warning naming that the attitude of ot the oung toda la is not right to ald his or her liar work ork A doctor Is not friendly to his Ills patient if 1 h he blindly abuts his eyes to his patient s a disease One cannot annat be bo a atrue atrue atrue true friends of the States by shutting his eyes to the wrong rang attitude of the new now genera genera- tion generation toward to Industry service ser and thrift It Is this tills wrong attitude which has alread already caused business as as by tile the to to decline The chart tOda today lands FUnds at 3 per cent below normal compared with Ith 1 per cent below normal at the beginning of at the he ear |