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DALLAS, PENNSYLVANIA
Background Of Roger W. Babson
Roger W. Babson
gn business has no more
insp¥¥ing personality than Roger W.
Babson, internationally-known busi-
ness commentator and investment
adviser. A outstanding feature of his
philosophy has been his lifelong in-
sistence on the importance of both
religion and advertising in business.
Born. and reared in an old-fash-
joned atmosphere of hard work and
hustle on a farm in Gloucester, Mr.
Babson went to the' Massachusetts
Institute of Technology. Upon grad-
uating, he turned instinctively to
financial and business activities in
which his father was engaged.
His exertions, however, under-
mined his health; he contracted
tuberculosis and he was sent West
“as good as dead”! It was while he
was convalescing from this dread
malady that he worked out some
of the possibilities and problems of
business forecasting. - His weekly
releases are used by over 400 news-
papers and his financial reports by
20,000 corporations and estates. His
research work is carried on by a
large staff of experts.
Mr. Babson founded Babson In-
stitute for Men; and, in co-operation
with the late Mrs. Babson, develop-
ed Webber (College for Women—
both nationally-known educational
institutions. Here young men and
women may concentrate on the
fundamentals of honest and efficient
business administration. Later, he
founded a Midwest Institute of
Business administration, located in
Eureka, Kansas, the center of the
United States. He has been active
also in establishment of other me-
diums of service to the public, such
as the Gravity Research Foundation,
located at New Boston, New Ham-
pshire.
Mr. Babson has probably done
more than any other man to create
among his millions of newspaper
readers an interest in simple busi-
ness problems, and to instill a
broader vision in. businessmen, en-
abling them to meet the ups-and-
downs of the business cycle.
BABSON'S POINT OF VIEW ON INFLATION
Babson Park, Mass., September 1.
Everybody is talking about inflation
again, What: do we mean by infla-
tion? To some economists the word
suggests too much chasing too few
goods. To other economists it stands
for Ntrong unions pushing wages up
and up. Still others think of in-
flation as a demand for goods that
keeps pulling prices higher. But for
this discussion, let us use the every-
day meaning, simply climbing prices.
& Who Is To Blame?
=X now the press is full of
reports blaming this group and that
for the strong upshoot in prices
that has occurred this year. If you
are a Republican, you are likely to
say that the Democratic Admin-
istration "is to blame. That free-
swinging spending when a war is
going on is creating too much buy-
ing power. The fact here is: Much
of our production is now being ‘shot
raway’’ into Vietnam; it is not the
type of production that can be
consumed by our citizens; but
money is being put in circulation,
adding to buying power.
If. you are a Democrat, you are
likely to think of the moguls, of
industry pushing their price tags
higher to take advantage of the
brisk demand throughout our econ-
omy today. If you are a strong
unjon man, you tend toward blam-
ing the whole sorry business on the
pricing. power of big business. But
the average man in the street is
likely to feel, as President Roosevelt
once did: “A plague on both your
192
houses!
Caught In The Middle
Re the man in the street
is hght in the middle, whether he
is a union n member, or a ‘Wall Street
broker. At the beginning of a price
upturn, - advances are often slow
and scattered. ‘But, as momentum
is ‘gained, the mupsweep becomes
steep and broad. And all the furor
over inflation at this midsummer
can probably be traced to the fact
that people are now realizing that
prices are beginning to bound up-
ward. Ask any wife as she returns
from shopping.
The natural reaction is to try to
offset the falling purchasing power
of the family paycheck by seeking
a raise. Now, of course, not every-
one is going to be able to get higher
wages. Even those who do get fat-
ter pay envelopes soon find that
their gains are eaten into — even
wiped out — by the well-known
ability of a rising price wave to
swell more rapidly than wages and
salaries can be boosted. Point is:
Once the inflation of prices hits
its stride we are all in the same
boat: no way has yet been invented
to “beat the game.”
All Must Cooperate
All right then, what can be done
to remove the peril of an inflation
blowoff and bust? For ‘as night
follows day, inflation has always
ended in deflation. And that can
be very upleasant for everyone. No
one group can solve the problem....
not government, not labor, not busi-
ness. But, if each of these would
stop trying to fatten its share and
work together, economic catastrophe
could be warded off.
Government should remind itself
that it's wartime, therefore not a
moment for pushing the money sup-
ply higher than necessary by all
sorts of spending schemes. Better
to lose an election than the country.
Business should avoid price jump
Waverly Antique Show
The Twenty-third Annual Waver-
ly Antiques Show and Sale will be
held this year at the Waverly Com-
munity House on September 12th
and 13th from 11:00 a.m., to 10:00
pm. each day. More than thirty
dealers coming from states such as
Maine, New York, New Jersey, Dela-
ware and Pennsylvania will display
and sell antiques of many kinds and
from different periods.
Mrs. A. B. Timms, General Chair-
man, has announced that the Loan
Exhibit this year will feature Lilli-
putian furniture, all loaned by res-
idents of ‘the area. Visitors to the
Antiques Show should enjoy this
display as it will show a variety,
including small models, children’s
furniture, samples used by salesman.
in their work, and antique doll
house. furniture.
The successful “Almost Antiques”
Shop will be held for its second
year, There one may find a wide
variety of antiques and “almost”
antiques at most reasonable prices.
Items that may be purchased in-
clude rugs, glass, china, furniture,
lamps and other bric-a-brac.
Two local churches in Waverly
will provide a ‘Snack Bar and eve-
ning dinner during both days of the
Show.
Waverly is located ten miles north
of Scranton on Route 407 and just
two miles from Dalton off Route 6
and 11.
Parrish Cottage Burns
The recent electrical storms which
struck in this sector of ePnnsylvania
destroyed the cottage of Mr. and
Mrs. John Parrish at Central, Pa.
A delightful summer place where
the Parrish family liked to go for
the weekend, it was filled with an-
tique treasures of their predecessors.
Although three fire companies
were nearby and responded within
a short time after lightning struck
the dwelling, it could not be saved,
going up in a mass of flames in a
matter of minutes.
as it would the plague, realizing that
some fall in profits -would be pre-
ferable to a later wave of bank-
ruptcies. Labor should tell its mem-
bers that every wage boost is an-
other nail in the coffin being pre-
pared for the longest boom in our
history. Yes, and the bankers should
ask themselves if it would be better
not to make that loan...at this time.
Some Sacrifice, Or Else
It is said that it is already too
late. That any shutting down of
the money faucets, or any cutting
back by the big groups in the econ-
omy, would surely lead to depres-
sion. We agree with this think-
ing. But we shudder at what could
happen if the inflation spree is
allowed to mount higher and higher
from its already lofty level. The
bigger the action, the more powerful
is likely to be the reaction. To us
is seems far wiser to risk some
sacrifices now than to run the ex-
treme danger of severe economic
breakdown later. What frightens us
is the tendency for key groups to
simply wait and see. When the
avalanche is visible, it is already
too late.
READ THE TRADING POST
Ag
These are the hands of a potential murderer.
Look familiar?
a
Before you touch the steering wheel, look at your hands. They have the power
to drive you somewhere, Or to destroy somebody. Remember that every time you
get into a car. A lot of lives are in your hands.
FREE: Send for ‘Life Saving Tips on Safe Driving”, Room 301, Finance Building, Harrisburg, Pa.
COMMONWEALTH OF PENNSYLVANIA
William W. Scranton
Governor
Theodore B. Smith, Jr.
Secretary of Revenus,
Harry H. Brainerd
Commissioner of Traffic Safety
THE DALLAS POST, THURSDAY, SEPTEMBER 1, 1966
SECTION B — PAGE 3
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90"
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SUPER-RIGHT QUALITY FRESH
Chicken Parts
“SUPER-RIGHT” QUALITY BONELESS
Round Steak and
SUPER-RIGHT QUALITY
9te 11 b.
*79¢
Pork Loins ’.
»79¢
BONELESS OR ROUND BONE
ite ris S306
CHUCK ROASTS
BONELESS DINNER HAMS ..... « $1.29
A & B KIELBASSI
FRESH GROUND CHUCK . ..m. 196
Smoked
Rings
“e000 0
SUPER-RIGHT QUALITY FULLY COOKED . .. OVER
SMOKED HAMS
NO i REMOVED! | SHANK PORTION. .». 39¢c | NONE PRICED HIGHER!
14-LBS.
CENTER
SLICES
LB.
J
LEGS WITH THIGHS
OR &
BREASTS A
» 55°
Roast + 95°
SUPER-RIGHT SKINLESS
FRANKS %:.59¢ #. *1.09
FROZEN TENDER
Turkey Breasts ‘uy “79¢C
MINCED BOLOGN veerneae mS
PORK SAUSAGE Hires in B00
BONELESS TURKEY ROASTS.......= 89¢
OSCAR MAYER FRANKS o. %ii eet we 69¢
ro 3
By The
Piece
Rogger’s
Lge. Link
BALLIETS ASSTD. SALADS... %2 33¢
SUPER-RIGHT LIVERWURST “i.e... 4T¢c
KISSLINGS SAUERKRAUT..... 2: Ey
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Golden Ripe Bananas
Fresh Malian Prunes
BARTLETT PEARS. . .3 ns. 49¢
Sweet Ripe Cantaloupes . . .
White Seedless Grapes cvrevr , , 0.19
SWEET
7
DOMESTIC
ALL A&P SUPER-MARKETS
WILL MAINTAIN
Regular Store Hours
This Week!
Closed Mon., Sept. 5ih
LABOR DAY
BUY EXTRA FOR THE LONG
WEEKEND!
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BARBECUE BUYS! )
FREEZER QUEEN
Beef Burgers
3 Pkg. *1.99
FRESH GROUND
1b 95¢
BEEF ROUND
CUT FROM BEEF ROUND
CUBE STEAKS. Ib. 99c
\ or
CANNED HAM
E¥ »79c
on ’2.69 4.29
IMPORTED 7.) ‘3.45
on 2.23
3w79°
2 us. 25¢
eo 239°
TENDER SWEET CORN. ...,.,..« 4c
RIPE
CLAMS
PICNICS
\ 7
FISH & SEAFOOD!
Fresh Dug
each dc
» $1.39
Lge., 31 to 35 Count
Shrimp
Cap’n John
Fish Sticks
1-Lb
Pkg.
Potato Chips
’
FROZEN FOOD BUYS!
MRS. SMITHS
Cream Pies
A&P Grade “A” Qranga Juice. .
rts Eye Orange Juice
13-0x.
Pies
6-0z
6-0z,
cans 13
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89c¢
cu 108
Hi-C Fruit Drinks “oe.
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PEPTO BISMOL
CoE —8hp x
BUTTER KERNEL SWEET PEAS. . 2%.
NO CAL ASSORTED BEVERAGES . .
EVANS DESSERT TOPPING icucoer non
JOHNSOUI’S PLEDGE SPRAY WAX o'sq.
JOHNSON’S KLEAR FLOOR WAX
JOHNSON’S BRAVO FLOOR WAX rt 1o-%q
Can
5s 898
1 Pos 1b -0z, 87¢
Ann Page Mayonnaise
Modern CookieBars . . . .
Curtiss Marshmallows . . .
/ Ann Page Gum Candies . .
89¢
47¢
CRISP PASCAL CELERY ....... = 19¢ | TENDER GREEN BEANS. .......2u 3c | J 49:
3 NEW PACK! on 1.1p., 13-Oz.
A IE ig BAKERY BUYS! : A&P Yellow Peaches og Valves Cans 79c
pplePie . . . :.' 39¢C Bax of
SANDWICH ROLLS. . = 250 7% 350 Popular 5¢ Candy Bars . . . i890
; Made With 1-Lb., 6-Oz o ox of
ENRICHED BREAD XLXi... 213!" 53¢ Popular 5¢ Chewing Gum 20 pigs. 69C
12-02.
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Lb.
Box
10¢c
45¢
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Really
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> : 99¢
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33
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Glamalon Nylons secre
Beech-Nut
STRAINED BABY FOND
JIF
PEANUT BUTTER
~Roydl re PAPER CUPS
BONDWARE
Universal
HISTORY OF THE WORLD
59c|
3 ree 00
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4Y2-0z 1-1b., 2-oz 4-oz. NOW ON SALE!
1 10 Jars 89C jor. 650 Phx. DDC of 150 69C vo. 9c (V2. )
MARCAL TOILET TISSUES... ... me 21g Chicken ;. Sea Tuna Maxwell House
AREAL DE NAPKINS is Cine 0g CHUNK LIGHT fhe CHUNK WHITE xv. COFFEE
... 3am 258 Va-oz. 6%2-0n. = oz. 20¢
KITCHEN CHARM WAX PAPER... 2 41¢ fee B9c on N.3 1 e=31.30 0
Appian Way Armour’s Armour’s Yuban Maxwell House
121 MIX a. SAUSAGE oe BEEF HASH 12 COFFEE NL
Pkg. 39¢ Con b3c Snr 47¢ Con g97c Con 81 Cc
Robi Hood
ALL PURPOSE FLOUR
1.18
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Spatini
SPACHETTI SAUCE MIX
33¢c
25-0z.
Pkg.
Realgold
ORANGE CONCENTRATE
6-0x:. 29
Cans C
so. 730
Miracle White
FABRIC SOFTENER
Woodbury’s
SOAP—I1c SALE
4 = 3c
4 3" 48c
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