Prophet of Doom

The October 1929 stock market crash took most people by surprise, but one man, Roger Babson, knew all along it was coming…thanks to Sir Isaac Newton…

Babson (1875-1967) is perhaps best known today as the man who predicted the market crash and the Great Depression that followed. He employed an economic assessment tool called the “Babsonchart” that was based on Newton’s Third Law: For every action, there is an equal and opposite reaction. In the Feb. 15, 1929 “Profile” (titled “Prophet of Doom”) Henry Pringle tried to make sense of this eccentric businessman, who would go on to wage war against gravity itself:

Pringle concluded his profile on a confused note, wondering if his subject — a product of sober New England stock — could possibly be a socialist in disguise…

In any case, it is difficult to assign Babson to any one category. Some considered him a genius and visionary, while others thought him a crackpot, particularly in the late 1940s when, following the death of a grandson by drowning, he began to wage war against gravity itself. In 1948 essay “Gravity – Our Enemy Number One,” he wrote: “Broken hips and other broken bones as well as numerous circulatory, intestinal and other internal troubles are directly due to the people’s inability to counteract Gravity at a critical moment.”

That same year Babson founded the Gravity Research Foundation to expedite the discovery of a “gravity shield.” The foundation is still in operation, but rather than seeking to block gravity it works to better understand it. It continues to hold an annual essay prize contest — remarkably, five of its winners have gone on to win the Nobel Prize in physics. The essay contest’s 1971 winner was none other than physicist Stephen Hawking.

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An Imperfect Romance

Born in the midst of the Jazz Age, it would seem that the New Yorker would have been a perfect fit for the most prominent chronicler of that era, F. Scott Fitzgerald. But it was mostly not to be: Fitzgerald would publish just two poems and three humorous shorts in the New Yorker between 1929 and 1937, including “Salesmanship in the Champs-Élysées” in Feb. 15 issue.

In all fairness, the New Yorker wasn’t exactly enamored of the young author. In its book review section for the May 23, 1925 issue, the magazine singled out three books for review, the first (and longest) review was devoted to James Boyd’s historical novel Drums. This was followed by a brief review of Fitzgerald’s The Great Gatsby, the reviewer writing that the book revived his interest in the author but “not in a Byronic promise he probably never had,” and referred to the character of Jay Gatsby as “a good deal of a nut.”

The following year Fitzgerald was the subject of a New Yorker profile titled “That Sad Young Man.” In the magazine’s March 12, 2017 issue, Erin Overbey and Joshua Rothman note that the profile (by John Mosher) would be called “snarky” in today’s lingo. They also point out that “Fitzgerald, for his part, appeared to take a rather snobbish view of Harold Ross’s new publication, referring to the short stories he published in it as “hors d’oeuvres.”

With that, here is one of F. Scott Fitzgerald’s “hors d’oeuvres” … “Salesmanship in the Champs-Élysées.”

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The Empire-less State

In his “Notes and Comment,” E.B. White pondered the possibilities of a large lot at the corner of Fifth Avenue and 34th Street previously occupied by the Waldorf-Astoria hotel. Although construction of the Empire State Building would soon commence at the site, White mused about other possibilities…

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Westminster People Show

Although it’s now customary to retire Westminster Kennel Club Dog Show winners, back in 1930 a wire terrier called Pendley Calling of Blarney won Best of Show in 1930 and won the title again the following year. Alice Frankforter was on hand for the event, but found the people at the show every bit as diverting as the animals. Some excerpts…

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Why Can’t We Be Friends?

Robert Benchley struck a pre-emptive pose in his review of a new Broadway play titled Rebound — written by his good friend (and fellow Algonquin Round Table alumnus) Donald Ogden Stewart (1894-1980) — and responded to “a chorus of yawps” that accused him of log-rolling…

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Georgia On His Mind

The opening of the Museum of Modern Art in late 1929 had a profound effect on the New Yorker’s art critic Murdock Pemberton. In the beginning he dismissed the museum as just another place for the old money crowd to throw parties, but with the opening of its third exhibition, “Painting in Paris” — which featured an extensive display of the works of French modernists — Pemberton began to come around to the idea that this new MoMA was a place to see groundbreaking works of art. In his Feb. 15 column Pemberton looked beyond France for signs of talented modernists in the States, and found only one who stood out — Georgia O’Keeffe.

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From Our Advertisers

Just as hemlines were dropping after the stock market crash, so were the brims of women’s hats — the flapper caps of the 1920s now sprouted droopy ears…

…this ad for Chase and Sanborn coffee featured a weirdly distended image of the writer and humorist Irvin Cobb…

…Cobb as he actually appeared, circa 1930…

…G. Washington coffee, on the other hand, continued to draw from the New Yorker’s stable of cartoonists, including Garrett Price, for its illustrated ads…

…I was surprised to see this ad for two reasons: I wasn’t aware floss was in common use 90 years ago, or that it once came in the handle of a toothbrush…

…and then we have this sad little back page ad (just above a tiny ad for piano lessons) promoting Peggy Joyce’s ghostwritten “tell all” — Men, Marriage and Me. A former Ziegfeld girl and occasional actress who cultivated fame for fame’s sake, Joyce (1893-1957) was mostly known for her six marriages and extravagant lifestyle. By feeding the media a steady stream of scandals and other adventures (she often received reporters in her bedroom, dressed in a see-through negligee) she remained in the celebrity spotlight throughout the 1920s…

…speaking of celebrity, advertisers were so eager for endorsements of the famous that even “Mrs. Ring Lardner” (Ellis Abbott) got a piece of the action…

…as travel by airplane became more fashionable, automobile manufacturers increasingly paired their products with flying machines…

…for those who wished to stay on the ground, the Pickwick-Greyhound bus system featured “Nite Coaches” with 14 sleeping compartments (for 28 passengers), hot and cold water in each compartment, and hot meals served by stewards…

…on to our comics, I. Klein illustrated the excitement of heavyweight boxing…

…Perry Barlow paid a visit to a writer and his dimwitted visitor…

…Helen Hokinson looked in on a prep school dance…

…Barbara Shermund demonstrated the finer points of beauty…

…and we end with Peter Arno, and one woman’s plan for a costume party…

Next Time: Five Years in the Making…