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Don't be around here and don't allow any of your children to be around New York, Washington, or any other big city.”

By this time I had ceased to care what day Adolph Berle thought the great turnover was going to come because I realized that he was just a man whose brain was completely suffused with this emotional fear and dread, which he had allowed to take possession of him on the basis of some kind of a logical reasoning that he had figured out, based on the ups and downs of the economy, the size of the population, and all that kind of thing.

I remember saying to him, “Things like that never happen in the summertime. People always live in the summertime. Their despair comes as the fall closes in.”

I didn't see despair then. I had seen near despair the previous year, but it was certainly lightened by Franklin Roosevelt's inaugural address, by his fireside chats, and by the fact that something was being done in Washington.

Berle and I never discussed this again, and I never mentioned it to him again. I may say that from that time on I never had any great reliance on information or predictions that Berle made to me, and he made a good many in the course of time. I've never discussed this with anybody because that would make Berle look ridiculous, as it didn't