Evening star., 1932-06-25
"PUR CHASE PACT PLAN is URGED
AS MEANS TO TRADE REVIVAL
Business Man Suggests Pro-
gram by Which Merchants May Get
Definite Data on Immediate Prospects.

various items. We then turn this over
tothe manufacturers, who can then advise
us how many part-time employees will
go on full time and how many addi-
tional men they will need for produc
tion IL we make these indicated
purchases. And by taking care OF the
partially employed and unemployed We
would have the best assurance possible
Of holding our own jobs, too, wouldn't
we?
Quota Established.
Here is the next step. On the basis
Of the actual market determined by the
survey a quota is established. We then
draw contracts for the purchase of
these items. We establish a national
contract (or purchase) period covering
two or three weeks, as may be agreed
upon. and we ther make our choice of
specific articles in the usual manner
When we decide upon the item to be
purchased we sign a contract which
contains the following condition:
This contract is valid only in the
event the total volume of purchases
in the United States reaches the
quota.
Each contract so made is registered
and totaled locally and nationally and
the progres toward reaching the quota
volume will be announced daily by an
indicator in the newspapers.
IF the total volume does not reach
the quota you have not made the pur-
chase and have lost nothing. II suf-
ficient number of others purchase SO
that the quota is reached, actual con-
tracts will then have been made in
sufficient volume to return the unep1-
ployed to employment.
LAS each contract Is made it is given
q number which indicates the order in
which delivery will be made-first
come, first served. All of the contracts
made for the product of a specified
manufacturer will be scheduled by him
for delivery to insure continuous en-
pIoyment for a definite period of time
(say 20 months for major furniture
items and cars, six months for major
clothing items, etc.. Then as addi-
tional purchases are made after the
initial national contract period, they.
too. will be by contract and will be
scheduled for delivery after the pres
ent production schedule, so that these
additional purchases will result in con-
tinuous, permanent employment.
Will Avoid Guesses.
This procedure will avoid the pres
ent guessing by manufacturers as to
their probable market and, instead,
provide them with actual contracts to
fill and thus avoid overproduction with
all OF its ills.
Payment will be made in accordance
with present usual business methods,
namely, either in cash or on an in
stallment basis, beginning with the time
Of delivery of the purchased item.
Manufacturers today cannot bor-
row money because they have nothing
definite to show. We are providing
them with contracts for definite busi-
ness and definite profits. The banker
can hardly refuse to loan under these
conditions.
Thus, it will be seen that we have
not introduced any artificial means of
reviving busineSs-we have taken just
what we have and worked directly with
these factors.
Business on these things alone is
enough to pull us out of the depression,
but think also of its effect on all other
lines of business-how it goes clear
back to the farmer, the miner, the man
employed in producing our raw mate
rials. Furnish employment and you fl
hungry mouths not only with food but
with sufficient food Here is where the
farmer comes in.
The chain is endless"
(Copyright 1882 by the North American
Newspaper Alliance, Inc.)