Really, that was very inadequate.
The late Brother Farkel explained it far better, Here it is, with minor emendations by Brother Focus:
"1914" A.D. is the single most important date in our doctrine, and is the result of using 607 B.C as an "anchor date", using the book of Daniel, Chapter 4, as proof. This is based upon the following, simple reasoning: 7 "times" doesn't mean "7 times". It means "7 years". But, "7 years" doesn't really mean 7 "years", either. It means "7 years of days" - obvious. But, the "days" in "years of days" doesn't really mean "years of days, in which the days actually mean "days", but means "years of days, in which the "days" actually mean "years". Therefore, it is easy for even a worldly fool to see that "7 times" REALLY means "7 years" but which really means "7 years of days", but which then really means "7 years of days which aren't really days, but years", or simply stated "7 years of days of which days are really years". To put it even so a child can understand it, it means that the "times" aren't "times" at all, but are "years", which aren't "years" at all, but are "years of days", which aren't "days" at all, but are "years" AFTER all, even though they were originally CALLED "times"! Got all that? There's more. Strangely, however, for all of this to work, this fulfillment, based upon an ANCIENT text, still requires the use of the ANCIENT calendar for the MODERN fulfillment to work out to 1914. Therefore, ancient text + ancient calendar = modern date in modern calendar. When doing your calculations, don't forget that there is no "zero year" from B.C to A.D. someone entirely unconnected with God's spirit-breathed organization forgot that and was quite embarrassed about it. Lastly, the book of Daniel was prophesied to remain "sealed" until the "last days", which, as we know, began in 1914, according to the simple reasoning just presented. So, the person had to figure out a way to, somehow "unseal" Daniel before it was prophesied that Daniel WOULD be "unsealed" so he could then put forth a prophecy which pointed to exactly when Daniel WAS to be "unsealed", namely at the start of the "last days", in 1914. He, therefore, successfully used a "sealed" book to calculate the exact date it was to be "unsealed", which at that time it was officially, "unsealed", but Russell "unsealed" it before that, because he wanted to know beforehand when it WOULD be "unsealed", because only THEN would he know when the "last days" were to start, which was, of course, when Daniel actually WAS to be "unsealed". It is obvious. So, why argue about it or waste your precious time better spent kingdom-proclaiming on looking into it further? Here, in Jehovah’s ark-like organization, it is not necessary to spend a lot of time and energy in research, for there are brothers in the organization, like Bro. Farkel and Z.O. Focus, who are assigned to that very thing."
("7 times 7 times 7 times" Class)