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...Because of the tremendous crops, nothing can stop business improvement this fall." When famed Economist Roger Babson spoke thus before the Boston Chamber of Commerce last week, he enunciated what is currently the No. 1 bullish hope of the country. In theory bumper crops sold at fair prices provide the huge farming class with such extensive buying power that all commerce benefits. How bumper are crops was last week summarized by revised estimates of the Department of Agriculture, indicating that total value for three major crops of corn, wheat and cotton will be $4,500,000,000, largest since...

Author: /time Magazine | Title: Business: Harvest Moon | 9/27/1937 | See Source »

This year 1.33% more people belong to U. S. churches than last year, reported the Christian Herald in releasing its annual church statistics last summer (TIME, July 12). But Statistician Roger Ward Babson, Moderator of the National Council of the Congregational-Christian Church, has long believed, from a study he made of 1,000 churches, that church attendance is decreasing. Last month, in a sermon such as he delivers annually to Congregationalists at Isles of Shoals, N. H., Moderator Babson impugned the Christian, Herald figures, said that church rolls "contain not only the names of millions who have repudiated...

Author: /time Magazine | Title: Religion: Babson & Dead Men | 9/20/1937 | See Source »

...Christian Herald's statistician was the late Dr. George Linn Kieffer, a respected Lutheran who died after completing the last census. So the National Lutheran Council, offended by Moderator Babson's statement, rechecked with reporting churches, last week issued a rebuttal to Moderator Babson's charge. Every church, said the Council, stuck by its figures. In many cases, however, church bodies had to take the word of local ministers as to how many parishioners were enrolled. Chief point in favor of the Christian Herald figures: church assessments and quotas, even when marked up to assure a decent...

Author: /time Magazine | Title: Religion: Babson & Dead Men | 9/20/1937 | See Source »

When Congregationalist Babson wrote Congregationalist Hume a genial, rambling affirmation of these opinions, both letters were published last month by the alert Congregationalist Advance. Babsonisms on Cobwebs...

Author: /time Magazine | Title: Religion: Babson on Cobwebs | 7/19/1937 | See Source »

Last week the editors of the Advance announced that they had asked Mr. Babson for permission to reprint the special letter in question, received in reply an unexpectedly sour Babsonism. The Reports reminded the Moderator, were a "confidential service," and already "some subscriber had broken faith and violated his contract in making public these statements...

Author: /time Magazine | Title: Religion: Babson on Cobwebs | 7/19/1937 | See Source »

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