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Show BABSON OPTOMISTIC Not Distill bed lly Radical Talk Wellesley Hills, Mass. Sept. 1, 1922 With so much talk about Bolshevism and radicalism one is led to believe that the world is rapidly becoming socialistic. Certainly such thoughts are evident when one reads about bussia, Mexico, and certain other countries. ' Roger W. Babson, however, how-ever, claims that this is not true. His exact statement in an exclusive interview this week upon this subject sub-ject is as Tollows: "Socialism, as a party movement, is almost dead, so far as the States aie concerned. It has never been tit home here. It is exotic. It does not lit United States conditions and it lias iio great hold upon the workers work-ers or this country. The Socialist leaders know this better than we do. They are ready now to combine with other people workers, farmers, anybody who will go into the compute. com-pute. Previously, they have been unwilling to hob nob with anybody except those who were willing to lake the nartv name and party pledge?. Moreover, there is a distinct tr.edency on the part of organized b'hr.r to rid itself of the incubus of Socialism. The battle ha3 been fought out as far as the American Federation of Labor is encerned. It has 1)0011 fought out in the womens parnient industry. - It will be fought out wherever it is necessary and the i unservatives will win. "There remains the farmer group the farm bloc, as it is called. This Fall will probably show more of the results of the revolt of the farmer states against the conservatism of the present Administration. This revolt was inevitable. Our last election was a post war reaction and the tremendous Republican majorities majori-ties had to come. ,The net results c the fanner revolt, however, probably will not justify the enthusiasm which it has callod forth. After senators and congressmen have been elected to represent the farmers, most of them will continue to act about as senators and congressmen always act. after they get to be senators and congressmen. The farmers will be disappointed. They will turn away from their radicalism to other quarters. "We have reached the extreme both of radicalism and conservatism, We are headed for s middle-of-the road course. The d:;ys of the ex- j tremist in any direction are about j over. Now we must get busy and saw wood! The man who is busy layiri? brick is not going to listen to the call of the man who wants to Interest him in 'isms' of any kind. The man on the wall is going to say to the agitator: 'I am doing real work and I cannot come down to you.' , "Nevertheless, we are probably going to have more of some things fhaf orVH manv 11a rtn nnf liUp. We are probably going to have more j of Government interference in the railroads, instead of less; and more of Government interference in the mines, instead of less. The drift seems to be in that direction. But we are not drifting that way on account of the theories of agitators. 'We are drifting that way because of! the necessities of the present condi- tions. President Harding will see ! to it that the railroads run and that; coal is mined, not because he is! socialistic, but because the country must have trains and coal. That j is all there is to 1t. j "That is to say, I believe that the lease of life of the soap box orator j and all the rest of the frenzied ex-horters ex-horters of our day, may be, for the present, cut short. What we do in the next few years, we are going to do because we want to. We are going to be governed by conditions and not by theories. The main tendency is toward a middle-of-the-road course. Most of the people will be travelling in that way. Our progress will be along that line. We are going to be confronted with , 'the stern necessity of producing the ; necessities of life at costs which will i attract the purchaser. That task ; will keep us all pretty busy. "If may diagnosis is correct," concluded con-cluded Mr. Babson, "this means well for investors and others interested in constructive enterprise. The captain of industry is coming back. The engineer will take the place of the agitator. Money will again bo invested in railroads; public utilities will be rehabilitated and for many vears to come the United States people peo-ple will fertilize their fields and prepare pre-pare for that next period of pros-' pros-' perity." I I The Babsonchart index of business this week stands at 8 per cent below normal, the same as a week ago. Business usually marks time until Labor Day. During the next few .weeks trade should begin to brighten up. |