Philippine Mahogany Association Holds Annual Meeting

The annual meeting of the Philippine Mahogany Association was held at the Broadmoor Hotel, Colorado Springs. on July 15, 16 and 17.

Walter G. Scrim, Scrim Lumber Co., Los Angeles, wa; elected president for the 17th consecutive term. Other officers re-elected were: vice president, Howard R. Black, Black & Yates, Brooklyn, N. Y.; secretary-treasurer, Roy Barto, Mahogany Importing Co., Los Angeles; assistant secretary-treasurer, George P. Pur.chase, San Francisco.

Directors elected were: -J. Ravmond Peck, Frank J. Connolly, Thomas B. Bledsoe, Howard R. Black, Walter Scrim, and Roy Barto.

At the business sessions the members discussed many matters of interest to the Association. as well as the industry as a whole.

Some of the group enjoyed trips to Pikes Peak, Garden of the Gods, and Mt. Cheyenne. The entertainment program was in charge of Mrs. Frank J. Connolly and Mrs. Robert S. Osgood, and ir:cluded Mrs. John Ziel in songs accompanied at the piano by Miss Jean Pope, also Ian Armstrong and Harvey Pope, in Scottish songs, accompanied at the piano by Carl Wendelstein.

Sporks con'l hurl 'em !

Sun cqn'l curl 'em !

Roin con'l penelrqle 'em !

Even hurricone winds cqn'l moke'em flop loose !

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That couplet from Wiltiam of Avon comes to mind every time I read the words and opinions of economists; any economists. Sometimes I get to thinking that econornists are in the same class with psychiatrists and public opinion guessers' ;r * *

Back in my earliest days---and I made my debut quite some time ago-I was told that "an economist is a man who knows everything, and can't do anything." I have never had any real reason to doubt the truth of that bit of philosophy. I fear that economists are men who follow that line because they couldn't make a living any other waY' ,. rF *

And, in the last decade, the proof of that particular pudding seems to me to be overwhelming. Most of the economists we see quoted in the public press these days, are men with axes to grind. You want to prove that something you are boosting for is true, so you hire an economist to issue an opinion proving that you are right. ***

The other side of the argument hustles in with another economist hired to disprove your economist and your philosophy, and he looks at the same identical facts and issues a diamatrically opposite opinion. Opinions on any subject that can be hired a.re as worthless as a last year's birds nest. Yet in these strange times we are living in, economists dictums are relied on to prove and disprove anything under an. "tt. * * {<

For instance, in the present controversy regarding a proposed fourth round of wage increases, labor called in a nationally known economist. He said that industry could afford to pay the fourth round wage increase for the three million men affected, because such increase would increase the buying power of the entire nation and thus strengthen itSecOnOmy

Another economist came right along and said that such an opinion was ridiculous, because a wage increase for this group would increase prices to the entire nation and thus increase buyer resistance and buying power. He said that we must reduce living costs to all the nation, and that by so doing reduce buyer resistance, now so evident in all lines of business'

You pay your money and take your choice. Naturally,

I think the second opinion is the sound one. And get this picture: a man sat in a street car reading a newspaper. He turned to the man sitting beside him and said: "f see where they're asking for a fourth round of wage increases. Personally, I MISSED THE FIRST THREE." He was a white collar man, no doubt. The economists fail to mention him.

Along came a nationally known and highly successful businessman, and here is what he suggested we need right now to meet dwindling business: "Reduce prices as rapidly as. bossible, since lower prices stimulate buying. fncrease Shles and advertising to stimulate more business and greater emplo5rment. Bring out new products to increase public interest. Retain good relations with workers; this is no time for misunderstandings. Forego demands for increased pay at this time, and thus help restore public confidence. Bring down costs through efficiency on the part of all. Recognize the simple fact that the greatest security for the worker is a steady job at good wages." *{r*

A business man named Alexander Heron made a recent speech on our economic situation in which he uttered a thought that every man who works with his hands might do well to read, wtren he said: "The nr,ost skillful mechanic in the world cannot build and sell an automobile; management has the responsibility of combining his work with the work of thousands of others and with tools and design and advertising. Then the worker can have a sale for his day's work. If the man who works for wages can only understand that he must select some management to sell his time and skill to the ultimate consumer, he will lend his efforts to make that sale as easy as possible, as sure as possible, and as continuous as possible."

* {. :1.

What huge differences of opinion prevail about vital matters ! A highly successful California publisher and thinker named Manchester Boddy recently returned from a trip around the world. Returning he expressed the firm opinion that "world hunger threatens civilization." And at about the same time I saw in the newspapers pictures of mountains of newly harvested wheat, piled out in the open and in the weather, because there was no place else to put it. And at about that same time Secretary Brannan of our Department of Agriculture publicly suggested that we pay the farmers for raising potatoes, but don't harvest them; just let them rot in the ground. Mr. Boddy and Mr. Brannan should get together. Both, strange to relate, are New Dealers. Looks like if the world is threatened with star-