New Mexico state record. (Santa Fe, N.M.) 1914-19??, 1921-11-11
TURNING ITS OWN FURROW


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PupI'o"" ;Au''''iS'i" ~
''p," INC Ntiy out>'l '"e Ni"'",.
~ls'rat'on turnca a dear ear 10 an
propositions when sulaSkeQ OF state
socialism or had io1 their end the
INVASION by the Government OF the
field OF private enterprise and mi
tiatlye. rs a result, the United states
has travelled further on the road
back to normally than any ether ma
ton which participated in the war,
and the manner Of its iourneyinp has
been in strict Observance Of the rules
OF sound economics.
COMPARED with any Furoncan ma
ton the United state, is infinitely
better oil in every respect: living
casts are lower wages are higher:
industries are more active. and bust
moss +, more PROSPEROUS and on a
sounder basis Take for example.
England where, although conditions
are admittedly better than in the
Err,n,an countries the situation.
r.,rrtbcless ;s critical The deDrcs-
SON Of her markets abroad and the
invasion ~ her markets at home have
almost bro,tabt about the COLLAPSE Of
british industry Her uncmploved
ARE nov officially estimated at over
.IGooO which is nroDortionatelv
much greater Than the estimates Of
,-rarriov,l IN Tho United States She
has attcmptsd to cure the problem of
rnrmploymept bv the pavmcnt of
Government subsidies 10 the idle OF
Till Grurrs inst made nubIic reveal
.tbc 3ma2ipa fact hat during the mast
,c,r IA nor cent of the English no.
nrro,ion has received some form of
Iooyrrnmert handouts. costing the
national treasury nearly S2OOOOOOONO
in cold cash Which is equivalent to
500 taxation for every English fam
;lv Rut instead Of curing or even
rrrievinp the situation il has only
,-goravated il Fcw want 70 work
GO Iorg as ,hcv can draw uncmnlov-
ment pensions or "doIes" from the
npblic treasury
Ono evil breeds another and. in
an ,ttemrt 70 a~ss;st business sustain
the burden of taxation incident to
ali This and 10 hold lis own in for
cicn markets. the British govern
mcut now is concentrating subsidiz-
inc ..omucrce and industry The
wis,r ones are nrotestinp against the
continuation of This futile attempt
10 m, The country Inv t-uogirg AZ the
.boot strans
VII i b,nner;nq in FngIand Is
banncnino in continental Europe. as.
f,r oy,unio :, nd tho homo
~ III Icaope Of Nations emplov-
mont Is scycn timcs worse than il
,,,,s wear aoo Tho Swiss cavern
mcu, i ~pavinp 1On00pOO francs a
month in unemnIovmert pcnsions
with tho certainty thar This must BE-
increased Hero too commerce and
Industry are asking that tbev he
subsidized in ordcr 70 ass;st them
10 c,rrv no burden az srbsidizinp
the u-rennlovcd The povcrrmcnt
has alrcadv given state aid in the
al 20Omno q francs 10 ,hc
industry aud Other industries
arc on the Isl for subs;d;z,tior
OrIv in rho Irn;tcd S,atos has tho
central goycrnncr, nrrsned tho nor-
lev of gcttirg ont ~ business and
individual resourcefuIncss in.
drstrv and ;ndcnendert scIf-resncc,
have f,,Ii sy,;ro Tbe ros,I, b,s boor
a vindication al The nolicv Of ;nd;vi-
dualisu az aoa;rs, Tho noI;cv ~ nat
ernalism Tho Irn;,ed States basi
seIf-reI;arce 7, bas em-
sized the doctrine nj na,;o,aI;,v
of looking ~ a Teaore ~
nations. or Other OUTSIDE ;niI,cr~os