21 NOVEMBER 1931, Page 39

So depression came; first here and then there and in

little bits. Soniebody staggered home from a lobster luncheon and lay down flat and murmured, " I'm depressed." People on tip-toe moved about him. " He's depressed," they whispered. Then more people. and more ; and so it spread. Depressed people won't travel ; so it was soon announced that a wave of depression- had hit the tourist business. Then another wave of it smothered the hotel brisiness. So it kept spreading : the papers reported that copper was depressed, that rubber was sinking, that Kansas hogs on the hoof were feeling terrible. It reached economic social life ; it appeared in little signs and notices : " Owing to the depression the miners will only mine just a little now and then." Or, " Owing to the depression the anniversary of Christopher Columbus will -not be observed.P - - . .