Business: Midyear Situation

"We need more faith in ourselves. Largely because of some decline in trade we have set about finding fault with nearly everybody and everything. Yet our government, our physical properties and our industries have changed very little from a year or two ago, when people were fairly content."

With these words, Calvin Coolidge last week emerged from his long silence regarding Business Conditions. The statement began his new series of syndicated daily newspaper articles under the heading: "Calvin Coolidge Says:" (see p. 18). Bullish in the first,...

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