Show t GOOD I GOOD FRIEND OF BUSINESS IS IN WHITE I HOUSE Well Posted and Will Oppose Freak Laws WELLESLEY HILLS Mass Mae Aug 17 KnOwing n Knowing that Sir Mr Ir Babson is a ft neighbor of ot President Coolidge he has been continually asked dur- dur durIng dur during ing the past two weeks to make malte a statement a as to the probable atti- atti attitude attitude atti attitude tude of or the new V president toward business Mr dr Ir Babson has how hos- ho hoe however e eer ever er refused to do so 80 until today Ing that It Hl was sas no time to talk business and furthermore that 1 Coolidge should be per per- permitted permitted per permitted to make his 0 own n announce announce- announcements announcements announcements ments Now ow that the president has done so Sir Mr Babson has ered ans the question put to him President Coolidge will be found to v a true friend to the agricultural Industrial and corn com commercial com commercial mercial Interests of or the United States he says he Is la the president to ever eHr ha have hae e had a thor thor- thorough thorough thorough ough economic training While at Amherst college he majored In economics Ever er since graduation h has de devoted a large part of his time to economic research Those ho cho have hae heard beard hint him speak or have read his books recognize the thor thor- thorough thorough thorough ough ground work which he has done along economic lines Th The country Is very ery ery fortunate to ta e havea ae aea a president who possesses this background Other presidents may hae ha possessed certain qualities President Coolidge lacks hut but none have haue equalled him in Judg judg- judgment judg- judg Judgment ment and ability to handle the great economic agricultural Indus Indus- Industrial industrial Industrial trial and commercial problem to- to today today to today day facing our country K KNOWS Manufacturers may feel feet very sate safe with President Coolidge ow- ow ow owing ing og ng to his training and ens em Villi William M 11 Butler whose name name- has been so constanti constantly in the papers the past t two tso 0 weeks Is the head of the great group roup of Butler cotton mills in New England These mills are located In New Bedford North Adams and else elsewhere here and employ about operatives Mr Butler Is also president of ot the Boston and Worcester street railway a high high- speed high speed double do ble track electric line op- op opI opp op operating I p crating between Boston and Wor Wor- Worcester Wor- Wor Worcester Worcester cester which chich Is the most successful Interurban line in New England Mr Butler combines a legal train train- training I ing lug with a practical business ex- ex ex experience 1 and from Irom him President Coolidge has absorbed a tremendous I amount of ot Industrial experience President Coolidge's closest per per- personal personal per personal friend Is Frank Stearns Steams the head ot of R it H Stearns Steams 8 S Co one ot of the largest department stores or of New England Mr Sir Stearns Steams Is a merchant who not only thoroughly understands the commercial world but purchases a good de deal from 1 Europe Most of our presidents I base ha been trained in legal or political I cal lire life without being thrown Into I contact much with Ith practical bud busi business ness flees men President Coolidge has J continually been In an Industrial commercial and agricultural en- en enS en environment S 1 TO ASSIST I On the other hand continued I Mr Babson President Coolidge I Ia a also o understands the problems ot of the masses He Ho himself was born poor lii His father was aas as born a Ver- Ver VerI poor Ver-poor I poor lila His father tather was vas born a eVrI mont I mont farmer and Is one yet President dent Coolidge was as sa working In the I hay ny f ld the day before he be- be became became be became came president of the United States State The last time I J talked with sith Ith him I he was wag especially troubled Ith the I condition of ot the western estern farmer I Our conversation covered a broad broadfield broadfield 1 field but he continually came back I Ito to the problem of ot the farmer and said We must do something for tor forthe the western estern estern farmer What Is the I sanest eanest and best beet thing we wo can do doNo 0 co one better bettor realizes than he ha that agriculture Is la the basis of ot Ameri Amen American American can prosperity and that with 33 million people dependent upon agri agri- agriculture agriculture culture for lor their Income we must mustI I have prosperity In the west est before belore o 0 can have It In the east president The Tho home life of ot th tire the new dent was Illustrated by the news Item which appeared In the papers on the eventful morning of ot Friday August 3 The Tho Associated Press dl dispatch patch read Mr Coolidge came staIrs down stairs In his slippers entered his fathers father's sitting room lit Ht the lamp and read the telegram telling him that he was president of ot the United States Slates Those simple words slippers sitting Bitting room lit the lamp Jamp tell the whole hole Busi Busi- Business Business ness ha has nothing to fear tear from the theman theman thoman man with that en and nith Ith such friends Moreo er best ot of all he ho Is grounded on those fun fun- fundamentals fun fundamentals of ot religion 1 put the church an and the home before esen en agriculture albor commerce or 01 anything else WILL s ILL USE tSE VETO TErO This means that the agricultural and business Interests may feel teel sate safe regarding the tho White House Re- Re Regardless He otI of ot what I hat selfish politicians may attempt to do In congress there ft I nut be bo a sape sans ae man at the then 1 heel Uneconomic or unjust legIs will only be passed by riding 0 oer er President Coolidge's veto Re Ile plans to help the farmer but will not Esch permit the tha Esch transportation act to be bo repealed or crippled Ho Ire will do something for forthe forthe forthe the veterans but will not permit the passage ot of a bonus bill which 5 11 Il III be bo harmful to the tho nation as a aI I ahole hole He will stand tor for strength strengthening ening the tho federal reserve board the railroad labor board the fed fed- federal fed federal eral tariff tart commission and other bodies working along sound econ econ- economic econ econ- economic economic lines but may bo ha expected to frown upon an unnecessary coal shortage or an attempt by organ organ- organIzed organized organised labor to hold up the country or upon an any legislation which en- en endeavors endeavor en endeavors deavors deavor to make niter uter lter run un up hill bill CO CONFIDENCE GROWS GnOws For these reasons thero there has ha I been a I greater reater confidence among r Amerl American n business men the pasi neck eek than current figures Indicate Although the Is 9 3 pe below normal this decline I I largely due to conditions In Europe and to fears tears of ot foreign bankers and foreign business men who do not fbi know President Coolidge Furthermore more while we use have been busy thinking during the pawl past three thres weeks only ony of our presidents great events have been taking place In I r I Europe The newspapers have been boen unable to give thi this European news much mulch space I X refer to he Increase In the German bank banI rate to 30 per por tent Lent and certain other radical changes Thes Thesis These changes have lao e caused the to decline and und have Influenced our domestic stock and commodity markets When howe however er these I understand President Coolidge they should resume the buying of ot corn com modules and securities with a com I faith faith alth equal to that being sho shown shon n by bythe the financial and business interests ot of otI I our own country |