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WOULD AVOID SUMMER SLUMP Business Men Planning to Main tain Increase Already Started. TIMES STEADILY IMPROVING President'* Unemployment Conference Is Seeking for Way of Controlling the Business Cycle and Mitigating Seasonal Unemployment Several Proposals for Stabilizing Employ ment Are Receiving Consideration- Business Men Must Study. By EDWARD EYRE HUNT, Secretary, President Harding’s Con ference on Unemployment. What Is tin- so-called “buslne.** cycle"? What it "seasonal unemploy ment"? Anyway, as far as the worker In the shop or im the farm is con cerned — where does either of them couie in? Of lute we have been hearing a very itreat deal about those thiiuts. Somehow or other, the man in the Street lias them fixed In his mind as concerned with the recent industrial crisis and the wave of unemployment which has swept ever the country the lust year. We all know that President Harding called a conference last au tumn to deal with the vast problem of unemployment. and that it left a standing committee, upon adjourn ment, to carry out Its recommenda tions. Among other things these recommendations culled for a study of methods for ‘'controlling the busi ness cycle" and “mitigating son sunn! unemployment." By the business cycle we mean that recurring pi ess of booms and slumps which affects our Industry and our business dir. t!\ i ~ur agriculture < f '■, _ \ I %> / LA.I * . r / .... v Edward tyre Hunt. Indirectly. By s .is *nul unemployment we mean that absence of work during certain fixed periods of the year be cause of the weather or crops or nat ural conditions, iver win li men have no control. Business j* inioroving. Trues are better. But that is mu • nough. Busi ness must eoiiM'ete 'a improve and ill hundreds ol otliees to hiy. business men are sitting down and trying to figure out h<*w to maintain the in i reuse in their business that has started, without going through rhe usual summer slump which will soon be due. Tills slump is a yearly proposition. The business cycle is longer in its period. In the past 'JO years we have hud five business slumps. Things were dull 111 llHifi; there was a de pression in 11MB; improvement in 1905; boom in limbo"; depression in inns ■ activity in P.MKt-lO; a minor de pression in lull; gain again in KU-- i;<; depression in lfißbU; improve ment in 1915; uncertainty in early lllld; then the war boom, Interrupted after Hie armistice. BUS-19; then the post-war boom, and finally the depres sion of l'.Cl. How are we going to make such periods more even —that is. take something off the top of the Imm in is and fill it in the troughs of the depressions? The standing committee of the I'res ident's unemployment conference is trying to answer il.at question. A sub committee has been appointed. Owen It. Young of New Yotk, vice president of the Ocnerul Klectrlc company, is chairman, and with him arc Clarence Mott Wooley. Detroit; Joseph li. Do trees, t'lih ngo; Matthew Woll. Chi cago, and .Miss Mary Van Kleeck. New York. The survey of the business cycle has been undertaken hy tin* National Bureau of Kconomtc Iteseurch, Inc., of New York, of which Dr. Wesley C. Mitchell, tlie American authority on flic business ~elc, is director. Proposals to B Considered Among other proposals for stabiliz ing employment it will take up long range planning of public works; long range planning of construction and maintenance work by private employ ers; unemployment Insurance and an employment |ireventlon by government agencies; depression Insurance by private employers; employment of fices. public ami private; out-of-work benefits by labor organizations; Amin elai devices for controlling the busi ness cycle; and Improvement of statis tics! indices of employment and other “business barometers." These recurring perliais of inflation and deflation In general business are intimately reflected in each Individual ' business, anil each individual needs now to study Ids own business cycle. The organizations which Imv# dme ; this in the past have reaped prompt i ' benefits. Some of these are the Dell i nlsou Manufacturing company, the * American Itadiaior company, and the i American Telephone and Telegraph company, hut a rapid survey of Amer ican business shows more than fifty other examples of intelligent anticipa tion of the business cycle by Ameri can business men. I it is worth noting that tills intelli gent anticipation results not merely in greater security on the Job for the employees—and of course the f’resi dent's conference on unemployment is interested in that—hilt also it lias re sulted in profits to the employer and work for the worker, at a time when other people's business was in the doldrums There was a time when the country had a financial panic about every so often, precisely as tl now lias the liusi im-s depression. But the Federal lie serve Banking system lias taken away this threat of financial cataclysm. And so we ask, why not something to lilt the business cycle as well? Secretary Hoover feels exactly that way and lie ho|ies to find the answer by the study in which we are now engaged. The Dull Seasons. But these larger movements of I looms and slumps are not tiie whole story, in every year comes the minor problem of seasonal Itltermittenoy and unemployment, lieneruliy speaking, the summer months, with their slackening of activity, and the vacations, which interrupt the tbov of business, are fol lowed hy the busy autumn |icriod; after the rush of the holidays comes .inoliier dull season. I'nrlicularly, building, of course, slov s down in winter; manufacturers of agricultural implements have their maximum number of employees in the laic winter; automobile building fulls off in the autumn. Hosiery, garments, slioes, have two |sm!.s of employment j a year—early spring and autumn. Twice as many factory workers are sta; . for example, at the end of Mm eh as at the end of September of the same year. We ai! know that there is an off season mi the farm after the crops have been gathered and the fruit picked. Hoad building slows down in , winter, and logging camps are idle in Slimmer. The fisheries fall off during ■ certain seasons and so it goes. Just as some business men have controlled the cycle in their own af fairs, so the*e seasonal waves admit of control within limits. How far. n> ; one can tell until lie tries it with his own business. Anticipation of demand. 1 analysis of markets, extra sales effort ; nil these have I Used with Stir ' rising sin-, ess. Many concerns have profited hy ust such intelligence; hut their nutti er is few, where it should be large. Ihi-tv are examples in the mutiufac nre men s and women's clothing, rn orset u,cl.lug. art embroideries, paper specialties, gfii" making, sins* making, mil too) milking, and in the market i o: meats, dried fruits, nuts, etc., ■ all of them seasonal. Missing Something. The important point to realize is that unless the American business man bus studied Ifis business over a period of many years and Is laying ‘ Ids plans a ird.ugly, lie is missing , something tills year and by that much 1 i' tin- helpless victim of so railed "Mind i- oiiomir laws ’ Working to gether. American business men, man ufacturers. and farmers, can do even | mere. They cannot only deal with the management Inside their own particu lar industry, but with some of the forces which affect them from the out si,fi. Bight here is where the study of “unemployment and business cycles" may lie depended upon to help out. This will not is- completed until next autumn. But already the value of get- ! ting together in modifying the evils of booms as well as of slumps Is very clear. 1 a example, tin- policy of holding back const ruction work In boom peri- ; mis and of expanding plans and equip ment in dull ones will enable the busi ness mail to take advantage of lower • os!, at the right time. He will not lie paying high price* for material and labor in boom periods hy overbidding his competitor. In other words, the j business man will not throw away hi money in good tine s hut will set aside a portion of it to tlit- industrial wheels going in tile off-years, tints creating employment for more men and n demand for more goods. i in tin- other iutnd. every mistake in judgment by ihu'c responsible foi j commercial and mlustriai decision , rc' tlt' in waste. In the year alone. i'.i.fi.YJ inaniilaeturtng and trad ing companies went into bankruptcy with liabilities totaling over .Sl'TJT.Ofid. an and thousand* thrown out ot i | work. I'rncticiilly every one of these I ; failures was the result of mistakes in ! lodgment. Thousands of oilier bus| lie's fir s also made mistakes, which | resulted ,n a waste of capital, mu tcrinl ami resources, and tiuemploy j incut, but for one reason or another | j they have not tieeii forced Into bank j ruptey. The elimination of this waste | i of capital and resources which is eon ; ! Tlnmtlly going on Is one of tin- big problems of today. The business current is ttovviug j I more 'troiigly ibis year. It is up to | I the business man to keep it so. Tills i ' : n only be done by wise anticipation , I of these cycles and seasons which . ; afflict every industry | nrii. ularly, and ; -ill of them more or less generally. Codes* C.ir* Dojs. •[ l.nfa-e te college students were re quest.-d fix Dealt lleckel to discoti i ■ :inrp ■•ringing dogs to clause* and tin i I • -Impel eger.-lse*. V-M JWM—— Nash Leads the World itij Motor Car Value May Writes New Nash History May stands out in the annals of Nash history by reason of two impressive events. Despite the new high sales record set by April there was a increase recorded by May. And early in the month of April the 100,000 th Nash left the factory, so that May sees us vigorously on our way toward the 200,000 mark. No other car of the Nash class ever attained anything like this volume of business in the first four and one-half years of production. The new Nash line includes twelve models: Four and six cylinders; open and closedj two, three, four, five, and seven passenger capacity; a price range from $965 to $2390, f. o. b. factory. NASH ===—==================•■ ■ j-ii —lira Del=Mar=Va Nash Motors Co. Salisbury, Md. JUNE SPECIAL Winchester Eight Foot Steel Bait Fishing Rod l |||?i Regular price $2.50 Special SI.OO while they last kbSsE^ Snow Hill Hardware Co. SNOW HILL, MARYLAND. Try a “Want" Ad. in The Messenger and Get a Quick Response THE DEMOCRATIC MESSENGER, SNOW HILL. MARYLAND. ! The Harris Studio Have u regard for the wisin'.. of friends and loved ones, and have your picture taken today. | See the man at The Harris Studio Third St., Pocomoke City, Mil. i ! TMAC H£ . co —u.-* Price, 25c. EOc. SI.OO The race is not always to the swift.! Lot -of men die of old air • long before AMERICAN EXPRESS TRAVELING DEPARTMENT | Are You Going Away This Summer ? A supply of Travellers’ Cheques will free you from the trouble,anxie ty ami possible loss incident to car rying cash. Both in this country and abroad. Travellers’ Cheques are cashable at railway stations, shops, hotels, res taurants, etc,, at their full face value, thus making you independent of banking hours. No identification is required, except your signature on the cheques. The foreign Department of this Company furnishes Travellers’ Cheque- in any amount in denomina tions of $lO to $500; also letters of credit and foreign currency. It offers facilities for the forwarding of money JUNE 24, 1922. by draft or cable at current rates of exchange to any part of the civilized | world. - W. S. COLLINS, Agent SNOW HILL, MD. NOTICE TO CREDITORS Notice is hereby given that the subscriber has obtained from Jfoe- Orphans’ Court for Worcester County, Maryland, letters of Admin istration on the personal estate of WILLIAM K. SELBY late of Worcester County, deceased. All persons having claims against the deceased, are hereby warned to exhibit the same, with the vouchers thereof, to the subscriber, on or be fore the 12th day of December, 1922. They may otherwise by law be ex cluded from all licneflts of the said estate. All persons indebted to said estate are requested to make im mediate payment. Given under my hand this :<rd day of June, 1922. WILLIAM E. BRATTEN. Executor. TEST:— PAUL JONES, Register of Wills.