Landing in San Francisco from a tour of the Orient, the venerable Roger Babson had something to say to the press. Mr. Babson, who for almost 40 years has made his living selling the public charts and prophecies about business, announced last week that so far as the U. S. economy is concerned "The war in Europe is unimportant. . . . the important thing is . . . what is going on in the Orient. Trade always has moved westward."

During Mr. Babson's absence, however, the war undoubtedly made a bigger impression...

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