Twin city review. [volume] (Champaign, Ill.) 19??-1929, 1925-05-29
Observation-Disclosures.
. Comment and Criticism
Observation-Disclosures,

! .
The garm of doubt is beginning to
lodge IN the minds of those business
men who have been taking on blind
faith everything President Coolidge
has been saying. They are wonder
ing if all of Gals" words are in
/ spired wisdom.
VI course, as long as the President
talked economy in government. bust
| ness was all for the President. II
foresaw possible reduction of tax.
alton and whooped for JOY al the
/ Presidents economy talk. But wher
his much-lauded policy of economy
! began to have fetarding effect on
| general buying, business began 10
show signs of uneasiness.
Now, 1t is reported, the Presidents
economy talk is being misinterpreted.
with the result that in some sections
people are buying only absolute ne
cesslties. Retail business men. ac-
cording to the New York Times. do
not hesitate to say there has been a
decrease in buying and that a BUYERS
strike, slmliark to that which existed
after the war, is making its appear
ance.
In all this there is food for thought.
IL buyers strike did not threaten
unemployment and suffering, it would
De difficult to repress a smile at the
consequences of accepting without
question the Presidents advise on
economy.
Here the Presidents business sup.
porters have been swallowing every
: NIT
the mental "once-over" and now they
are being stung! 1t would be comical
II IL did not at the same time smack
so strongly of the tragic.
One OF the morals that can be
| Drawn from the present situation is
that 1t doesn't always pay to accept
on faith the words of others. not
even If they do come from President
Coolidge. Every statement coming
IRON public man should be analysed
10 determine the proportion of wis
dom, If any that it contains. An
effort should be made to determine if
the public man is merely talking or
II there is really thought behind his
words. Such a course of action on the
part of the public would encourage
thought by our so-called leaders and
tend to put men and women of real
aplllty and understanding in high
government offices.
| y .
Labor's idea of economy is the Cd.
noSlte OF that attributed to President
coolidge, who is almost represented
as opening his pocket book so seldom
for personal purchases that moths
hna 1t tavorite resting place.
| The workers do not believe they are
spending too much for their suits.
hats and household furnishings. They
do not have the money to spend eX-
| tfavagantly. They believe that better
wages, especially IN the most under
PAID industries, will increase the de-
mahd Tor consumers goods. Better
wages, they believe, will lead to more
instead of less employment and thus
increase the ability of the consuming
public to buy
Labor believes in reasonable econ
omy. But labor's aim is to earn more
70 spend more and save more. If new
economies are needed, the workers do
not want them through petty sacri-
noes by consumers but through econ
omies IN the management of Industry.
organized labor will take no part
IN propaganda for parisimony, which
Is really what much of the economy
propaganda should be called. Mem
oers OF organized labor will increase
their savings only as they increase
tnelr earnings and not at the expense
OF their personal comfort and at the
cost OF the prosperity of the country.
llhey do not propose to be fooled by
economy" propaganda in high quar-
ters, as they know that nothing could
oe more inopportune or disastrous 20
american business and employment
than a campaign of parsimony at this
time. - ''''E