ERT TT NTT NE MITRE |

MERRILL B. SANDS, President + T. H. BEARD. Vice President + C. E. HALLENBORG. Vice President » H. F. JOPP. Secretary Treasurer » PAUL APPENZELLAR. Chairman of the Board

DICTAPHONE CORPORATION

MANUFACTURERS AND DISTRIBUTORS OF Dictaphone DICTATING MACHINES AND ACCESSORIES

420 LEXINGTON AVENUE. NEW YORK « TELEPHONE: LEXINGTON 2-3700

March 17, 1944
ir. F.C. Allen,
Director of Athletics,
Kansas University,
Lawrence, Kansas

Dedr Mr. Allen:

For several years we have been offering our friends a colorful
chart showing the trend of business over a 100-year period.

A new chart has been prepared for 1944 which traces post war
trends from 1775 to date. I+ shows the periods of uncertainty,
recovery, primary depression and prosperity following each war.

The 1944 chart also indicates the trend of the Federal Debt,
the National Income, Business Activity, Stocks and Bonds, and
Cost of Living over the same period.

Because of the widespread interest in post war planning, we
believe this new chart will prove of interest in studying the
history of business before, during and after other wars, What
shapes the peaks and valleys will take in the months

following the present war cannot be forecast with certainty
but the chart will show what took place in previous years.

If you would like to have a copy of this chart just mail the
enclosed reply card and one will be mailed to you promptly.

La very truly,
ft

CEH:rh ice President

 

DICTATED TO THE DICTAPHONE

B-69 MADE IN U.S.A.