(Q) Will you comment on general business and financial
conditions as you find them in this country and also in other
countries that affect conditions in this country; and what is
the trend of the conditions for the next few months?
(A) There is the tendency for an advancement in groups that
control much of the financial policy of the country, in
expanding in those directions that have been indicated.
Naturally an advancement is indicated, then, in the manner
of the more conservative speculative group.
This, as we find, is the general outlook in this particular
country:
An advancement, then, in the loosening of what HAS been the
investor's attitude. More of this is to be let loose, as it
were.
The international affairs that are acute must more and more,
as we have indicated, be brought to bear upon situations.
As in the Italy-Ethiopia condition. As in that of Russia
with Japan. While this is far off, as we find as yet, there
is every evidence that there will be the setting off of the
torch that must change many conditions; unless there are
those activities which we have indicated from times back to
prevent such. Turmoils are in evidence, yet these - as WE
find - will be met by those higher or greater influences upon
the hearts and the minds of men.
Hence there would be only flares and evidences of advancement
in the bend market of the foreign market, as called, in
particular areas.
But these will, for the next few months, make for greater
and better business in this particular country.
(Q) Is a further devaluation of the franc in France a
probability in the near future?
(A) This, as we find, has almost reached a stabled
condition. The getting together of those that have been in
authority heretofore, as in relation to these conditions, is
making for a better and a firmer stabilization of same. And
that there are the joinings rather of forces with Russia and
with England makes for this becoming more unified.
(Q) Are the religious and racial persecutions in Germany by
the Nazis caused by bad internal economic conditions?
(A) By bad internal economic conditions.
(Q) Will the outcome be an external war, or the overthrow
of Hitler or both?
(A) We do not find it so in the immediate. This will only
come as an overthrow or an outside war, as we find, if there
is the attention of France, England and Russian joined in the
defense against Japan and Italy, or if there is an uprising
in India, or if the French join with those in the African
area or proletariat; that would cause the German situation
to be neglected, as it were, for a time. This situation in
Germany will gradually subside to a more understandable
basis to the other nations as there is the deleting of the
powers of certain groups, that will shortly come about.
Because these overreached their powers, and produce - as
it were - a turmoil within the ranks already of the Nazis.
(Q) Is the impending war between Italy and Ethiopia caused
by bad economic and financial conditions in Italy?
(A) Rather the egotism of one man, that there may be setting
up of a power that may control those forces or sources of
supply to Italy itself; or the attempt of the one man to
become INDEPENDENT, in a manner, of other nations in certain
portions of their own economic conditions.
However, there may be caused an economic distress by the
attitude of England, Russian and France TOWARDS Italy in the
SPECIFIC Ethiopian situation; that is, there may be such an
undercurrent of attitude as to cause this. But it will not
come to a head, as it were, before the latter portion of the
coming spring or the summer.
(Q) The impression prevails among business men that the
present improvement in business is in spite of rather than
because of the program of the administration; that recovery
would have been much faster except for the legislative
recommendations of the administration. Will you comment?
(A) This may be termed, or is what is called, whispering
propaganda on the part of those who have FORMERLY been in
power. To illustrate:
As Moses in New Hampshire. As the activities through these
in the Middle West. As Lowndes, as Hoover, as such. These
have been - being in the wake, not employed, not called on,
but - "Don't you think it would be well for this to be
presented in this way or manner or attitude?" See? From
those in authority. Yet this with other conditions is having
such an influence upon the administration as to weaken the
force and power of the administration. Hence the dissensions
in the legislative bodies, not only in the government as a
union but - as indicated - in the various centers. As the
situation in New England. As the situation in the north-
eastern south portion of the country. As in the Middle West.
As in Ohio, Indiana, portions of Pennsylvania, western
New York. These are indications that the POWERS, as it were,
are being dethroned.
Unless there is a general trend of a more constructive nature
in the administration's activities, in the next few months,
there will be little likelihood of the administration
carrying on.
(Q) Are the social changes apparently desired by the
administration practical, or will their cost make budget
balancing impossible?
(A) As we find, as indicated, these are in such position as
to make it very bad. But the uprisings in those particular
areas indicated, by the conditions that exist in states and
sections of the country, may alter the policy of the
administration as to bring about more accord with that which
will allow economic and social changes such as to allow a
nearer balancing of the budget. Else, as indicated, there
are so many that may become soreheads that it would require
a great deal of diplomatic handling to prevent - until the
winter and the early spring - some turmoils within. Just as
indicated by the settling or the changing of the
associations' activities in these directions of the
government in its relations with those conditions immediately
in the New York vicinity.
(Q) Has Roosevelt lost much in popularity due to his
recent actions?
(A) More due to that said in jest than anything else. This
jest has been made the scapegoat; yet it, as anything that
may be said and taken up as a chorus, may become very
destructive to the policies of those in authority. Yes,
he has lost in popularity.
(Q) Is the trend toward radicalism in this country on the
increase or has it begun to wane?
(A) It is the trend in groups, in certain classes; NOT as a
whole. And unless there are such activities that would "set
same off," as it were, there is not a likelihood of its
gaining much greater foothold than indicated in the present.
(Q) Since the last reading, and as a result of the death
of Henry R. Putnam, I have been elected President of
Henry R. Putnam, Inc., located in room 1620 at 420
Lexington Ave., N.Y., and engaged in investment management
or investment counsel. Am I correct in assuming that this
step is in accord with the suggestions given in the last
two readings? [See
261-13 & 261-14.]
(A) In accord. And if the entity holds those same attitudes
that have been indicated, and that have been evidenced by the
activity, these will grow and grow and there will be greater
and greater expansion through these offices.
(Q) Should the activities of the company be directed to
complete investment management or limited to investment
counsel or advice?
(A) The greater help, the greater aid can come through the
counsel and advice, rather than the completing of same;
without making such an overburdening of the activities of
such an office or such an organization, unless it would be
changed more into what would become rather a clearing house
or a banking institution, see?
(Q) The receipt by me of any substantial income depends on
a large increase in the volume of business. Should any
active steps be taken to secure new business, and if so
along what lines?
(Q) The policies that have been adhered to by the
organization will be the better manners, as we find, to make
for an increase. While it may be slower, it is much saner,
much safer as a growth. For, as we have indicated, when
there is the seeking more and more for the outlets for the
investments that are being loosened more and more may be
expected to come to and through this office.
(Q) Should we specialize in business for individuals, or
should we include banks and other corporations?
(A) As WE find, it would be well to include corporations and
banks in certain-phases; or the trust departments of same, at
least; as well as the individuals. For these give, in their
combination, a better chance for the real cooperative
activity to make for the counsel to be, as it were, a
continuous or a contingent thing throughout. For this would
allow channels for the outlet for the advice to be carried
on, without the burdensomeness of necessary machinery for
the carrying out of the advice through the same offices, see?
For it would become then as a wheel in a wheel, and
roundabout.
(Q) Has J. H. Humphrey sufficient aptitude for the work
allotted to him and will he be sufficiently valuable to
justify our continuing him, or should he be replaced possibly
by a girl?
(A) As we find, there are many conditions to be considered
in this connection. Weigh all well, from every angle. And,
as WE find, the decision will be to replace him. Do these
weighings, do these changings, through considering all the
various angles of same, however; and then allow sufficient
so that some of the things that are a portion of the entity's
(Humphrey's) make-up will not show themselves. But weigh the
situation well.
(Q) If he is to be replaced, what suggestion can I make to
him so that he can secure employment to his best advantage?
(A) That is part of what we have indicated, as to how the
situations should be weighed well. That there is the
necessity for the changes, for the cutting in this and that
direction; and for the insuring of self in a field of
activity that might become more in keeping with his
aspirations.
(Q) Our general investment policy for customers' accounts
at this time is as appears on the sheet of paper held in my
hand. Have you any comments or suggestions?
(A) As we find, this is a very satisfactory manner, very
satisfactory policy to hold. Of course, it would depend upon
whether there are to be any great changes or not, as to how
much is to be carried forward by the company in supplying or
furnishing the carrying out of those policies of the counsel
and advice; and as to how many connections are made in trust
organizations, or corporations who supply a channel not only
for seeking counsel and advice but for activity in assisting
to carry forward the policy outlined.
(Q) The industries we believe to be in the most favorable
position are also listed on a sheet of paper held in my hand.
Would you suggest any changes or substitutions?
(A) In the present, as we find, the list here is very
satisfactory. There are a few changes that may come about
later, with the opening of some of those activities
indicated. But in the immediate present, no particular
change, as we find, is indicated.
(Q) The common stocks constituting our present "Buying List"
are also given on a sheet of paper held in my hand. Are
there any stocks listed that should be removed or any others
that should be added?
(A) These are rather broad, of course, to view in a moment;
for it becomes necessary to seek into the activity and
policies of those various organizations that are presented
here, and their difficulties or their advantages in the
various things. But, as we find, not a great change in the
present. We wouldn't change in the immediate future,
especially for the next three to four months.
(Q) Should funds awaiting investment be invested at this
time, or is it probable that a more favorable time will
occur in the near future?
(A) A more favorable time will occur in the next month; but
this is practically, to all intents and purpose, one and the
same thing. As there are the accumulations, then use them -
or put them or distribute them in the various manners as the
policy of the entity has been heretofore.
(Q) Have you any other comments to make as to the investment
management activities or how our service could be improved?
(A) From these GENERAL conditions that have been indicated,
we find that the consideration by the entity and the
associates in the relations and activities that will be
imminent or active in the next few weeks will cause policies
to be formed, but for the immediate these are correct.
(Q) Is there any reason for not continuing with the plans
for a reorganization of National Bancservice Corporation this
fall?
(A) No reason why there shouldn't be a reorganization. It's
the same old conditions that have arisen, but with the
changes in the reorganization should make for the least loss
in some directions and for greater opportunities in others.
(Q) The present thought is a division into three parts -
(1) The Christmas Club activities (2) The Rogers-Kellogg
Stillson Co. and other N.Y. printing activities, and
(3) The Wilson H. Lee Co. at Orange, Conn. Does this
division into independent units appear sound?
(A) This appears sound and safe. As we indicated to the
entity in the information given previous to this, such might
become necessary in the activities of this organization.
(Q) The president of Christmas Club, located at 341 Madison
Ave., N.Y., is Herbert F. Rawll. In planning for the future
of Christmas Club, how much confidence can I properly place
in Mr. Rawll?
(A) As we find, unless there are other influences - as the
conditions exist in the present - the confidence may be
placed to the fullest extent in Rawll. So long as it is
shown to him that there is the probability of the success,
through the efforts, the associations and connections being
established in this direction, he's there to the end. We
find that he is of the very aggressive type in some ways and
manners, yet the aggressiveness is a peculiar sort - but of
the type that we meet at times.
(Q) Do you note any favorable developments in the
activities of the William F. Goodwin associates and the
A. G. B. Associates located at the Grand Central Palace
Building, N.Y.? Goodwin, Morton, Bedrian at 460 Lexington
Ave.?
(A) We don't get these. Something wrong with these; as we
find the outlook is very good, though, considering the
general situations here. Those little difficulties, as we
find, are indicated more from personal conditions, and will
adjust themselves. And, as we find, the outlook is very
good.
(Q) Regarding the physical condition [See previous rdgs.
for his long standing gastritis]: I have a condition of
stiffness in the lower back - worse in the morning, better
later in the day, but always present. What is its cause and
how can it be eliminated?
(A) As we find, the cause arises from what may be termed
the after effects of the disturbance through the digestive
system, that has found lodgement where the circulation has
not been carried in its proper way and manner through the
system. So we have a sort of an accumulation of sediments,
as it might be termed, or refuse forces in the activities of
the body not eliminated from the system. We would take some
measures to keep the exercising of the body such as to
increase the circulation more to the extremities, or have
certain types of baths; as the sitz baths and the salt rum
rubdown, or of such natures; or a rub that will stimulate the
circulation to pick up same and carry same through the
system. Otherwise, these conditions may become very
disturbing to the body. But in either of these ways or
manners, as we find, they may be materially aided.
Preferably, let the body TAKE THE TIME - about two or three
times a week - to have a good workout in a gymnasium; with a
sitz bath and a rubdown following same, about twice or three
times a week. Take about an hour to an hour and a half at
each treatment to do this.
(Q) What beverages do you recommend for me, both at meals
and between meals?
(A) As we find, the Kaffa Hag or the cereal drinks of
morning would be the most preferable. Between the meals we
would use malted milks or dried milks, with egg beat in same.
At the noon meal, with the food, we would take rather the
Bulgarian milk, or sour milk - as would be broken up, such
as these, see? With the evening meal we would take Nova
Mate, or things of such nature; provided these are not too
strong.
(Q) How much liquid should I take each day?
(A) Water about eight to ten ounces; the liquid drinks
about an equal amount.
(Q) Do you mean ounces of water or glasses?
(A) Eight to ten OUNCES! We know what we are talking about!
You double this and you have twenty ounces, which would make
half a gallon! And if he takes most of these, he would be
well flushed!
(Q) Any other advice?
(A) As we find, there might be much said in many
relationships; but for the present:
Keep the faith; work, budget the time; play, and carry on;
putting the trust in Him for the results. And we will find
more and more of JOY in the activity and in the associations
made.
We are through for the present.
Copy to Self
Copy to Ass'n file
BACKGROUND
8/17/35 He obtained Mental-Spiritual Rdg.
261-15, and
previously he obtained many Physical and Business Rdgs.
answering questions.
8/19/35 He was present, submitting further questions.
REPORTS
9/27/35 He obtained emergency Physical Rdg.
261-17 for
ptomaine.
4/28/36 He obtained his next Business Rdg.
261-21.
Edgar Cayce Readings © 1971, 1993, 1994, 1995 by the Edgar Cayce Foundation