ehusetts Institute of Tecimolu; . if he is to give investment advice. Hi needs to know what is ahead, the wonders which are now on draw;;..; boards and in test tubes. He should read scientific journals and associate with men who art* ac- j quainted with the wonderful chanu ' which will come about dm as the next 50 years. Furthermore there should be more “egg-heads' on on bank boards of director whose! knowledge is not limited .1 existing industries. Think Back 50 Years Fifty years age. the telephone companies had comparatively few subscribers. There were only 140.000 automobiles compared with .">4.000. 000 today. Then there were no radios, televisions, electric refnuer ators or stoves, and only a few chain stores. Over half our present national income and wages come from industries not even dreamed of 50 years ago. My first job was surveying for a horse car line in Gloucester. Mass. A half century ago this changed to an electric car line, and now the tracks have been ripped up and busses provide the only public trans portation. My second job was as bookkeeper for Andrew’s Spar Yard, which brought great spurs from Oregon to serve as masts for the fishing vessels. The chief industry of Cape Ann was making paving stones. These industries have now vanished. What About Dow-Jones Averages.’ These averages will soon become 1 obsolete, as are horse cars, the Oregon masts, and the pavm: blocks. The Dow.tones Averiu-* 1 which so many bankers now v. s ship are only tombstones of facing. ! great industries. Tin 0 ' Av>-> a ■

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