The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1922-05-02
THERE is NO PLACE
HERE FOR PESSIMIST,
MILLER TELLS ROTARY

"Just as sure as the sun is to shine
in the future, America will shine with
prosperity in the days to come" Dick
Miller. prominent Indianapolis bank
err, told members of the Rotary club
Tuesday noon
"By allowing economic laws to take
their course instead of using legisla-
tive enactments, the conditions in
America will be brought back to their
former standing
THE days, of course. are not as
happy and economical as they should
be, but the present time cannot be
compared with the panic that relgned
over the country from 1893 to 1890
The fundamental basis back of the
present depression in the united
States is not the same as that back
of the depression of 1898, and of others
in past years.
Mr. Miller said the depression which
had ben evident in the United States
during the past two years is not nearly
so severe as those which have been
experienced in early days.
No Place For Pessimist
There is no place for a pesslmlst
in America The man who is betting
his business life against Americas fu-
ture will in time collapse to failure.
IF we get out of the great difficulty
which we have been facing we must
thoroughly appreciate just what the
difficulty means and has meant.
Mr.. Miller said that no political par
ty is responsible for prosperity or de-
preston, that it was not the Republi-
can or Democratic administration
which had brought about the depres-
sion directly, but that the depression
comes from a source much deeper than
politics.
Lets be citizens in America and
not partisians," emphasized Mr.. Mil
Ter.
War Dollars Lost.
"The theoretical and economical
conclusion is that every dollar ven
tured into war is loss to industry
and to reproductive energy. Seventy
percent of the money is loss, but &c
percent of it is saved and that small
. percent is the amount which is re
productive force.
THE man who says that the coun
try is going toward depression more
and more each day, is judging by the
period of 1919 and 1920 A man is q
pessimist when he says when asked
about business, that the world is flat
on its back The fact is that the
world is now getting back. We are
gradually drifting back to the idea tc
have real reserve back of every dol
lar
Wall Street Center
Mr. Miller said when the pessi
mist says that business is not getting
oh ifpf him n tho Wal
street prices The real fundamental
center of finances of the United States
is still on Wall street"
In speaking of the farmer, Mr.. Miller
stated that he knew just what it meant
TO live on the farm, that he had hac
considerable experience. my hear
goes out to the farmer, who is striv
ing to develop himself into real bust
ness man. The next % years is goint
to see a great agriculture increase
and the farmer is going to develop init
more scientific business man.
Zone big trouble which has beer
handicap to the farmer is that he il
backward about using full extent o
the credit with faith in himself ant
with the assurance that he will maxi
good. Agriculture is the real basis o
economic wealth
Need to Awaken.
Until America is free, and industr,
Is free to employ whoever it desire
and is free to realize the full exten
of the energy of the employed, W
/ will never have fundamental prosper
ity.
ut is not the time for an America
! citizen to sit by, but it is time tina
( American citizens should awaken t
the times American prosperit
should be based upon the doctrine {
economic laws. If you give bushes
in America full swing, it will TAX
care of itself.
Mr.. Miller said he was in favor of
reduction of taxes. Reduction
taxes is one of the biggest things W
want and one way to get it is by di
armament. The greatest thing whic
happened in this country was the di
armament conference.
European debts should be paid
they were cancelled, it would thro
us in the same position which we wer
in previous to the war.
One way to get the indebtedness
from the European countries is b
trading with them They must pa
their debts by shipping goods int
America.
I'VE must eliminate speculation an
get our goods down to a low priC
and sell it at a figure producing
reasonable profit.
$50 what we must all look to no1
rs Rotarians, is a brighter fundame
al day in American business"