I hope a start at getting some oil out of the enormous Alaska field isn't indefinitely mired in a bureaucratic morass as a result of our national concern for the ecology. This concern must not be so misguided, misdirected, misused that it serves to stop economic growth, to bankrupt companies, to stifle new development, new jobs, new horizons. In fighting new pollution and stemming present pollution, exciting, sometimes costly means and methods exist and others will evolve. But blanket legislative naysaying to expanding power and energy sources is stupid, self-defeating.

Over the years, I've evolved a somewhat heretical but time-and mind-saving approach to books, articles, editorials that deal with weighty matters. More often than not, by beginning at the end and contemplating the conclusions, one can determine if it's worth going through the whole to get there.

Speaking of birthdays, our firstborn [recently turned 2]. As parents sometimes fondly do, we reminisced a bit about his early days on earth-the excitement, the wonder, the fears when we brought him home. His every squeak or squawk we were sure heralded some terrible crisis; I tested the warmth of formulas from dusk to dawn, it seemed. We were so germ-conscious my wife even sterilized the skin of the oranges before squeezing them. How firstborns ever survive their parents' attentions is beyond me. However, they do, and he did, and, in spite of our efforts, he turned out to be quite a good guy.

Several weeks of summer vacation in the Thirties I spent working at $15 a week in the FORBES office.... I worked in the mail cage, where envelopes were slit and subscription payments extracted. Dad used to come pounding down the office aisle and pause long enough to ask, How much today? Inevitably the answer was inadequate-except once. That day the controller said excitedly, Mr. Forbes, the ledger shows a slight profit this month! ... My father turned to him and said, Young man, I don't give a damn what your books show. Do we have any money in the bank?

Economists' unanimity that bad business is ahead is the most reassuring news possible. It's very unlikely that this will be the one time they're right.

Authority's for sharing only when the sharer is sure of his (or hers).

At the heart of any good business is a chief executive officer with one.