The Washington times., 1932-05-07
Something to Do

In the first issue of the New English Weekly the
editor virtually tells that prosperity be restored
in sixty ninety days, but he avoids the old mistake
If we do something (something courageous and even
revolutionary prove that 'the problem OF ad-
justing Demand to Supply, Consumption to Production
Scarcity to Plenty has ceased to be problem in
theory and need not be a problem IN practlce Tor
longer than few months at the very outside. This
is very invgoratng and it's value is not diminished by
the little circumstance that what have to do is to
create control of money which no banker would be
willing to accept.
Orage and Douglas
The editor of the New English Weekly is A. R.
Orage and he derives his economics from Major C. H.
Douglas, whose plan Gorham Munson recently ex-
pounded in this column Mr.. Orage says all that is
wrong with capitalism is relatively minor failure
ga failure due simply to the fact that Adam Smith
wrote our economic Old Testament before Watts in
augurated the age of steam and electricity. That is
to say industry MODERN but it is choked by banking
which is still adding its ledgers by candeligh in the
but using the economic principles of the of scarcity
We have failed to create and distribute purchasing
power while have not failed in producing things to
be purchased
Abundant America
It seems to that the Douglas theory ought to be
peculiarly attractive to Americans If we not the
first country to enter into the age of abundance
tainly we the most conspicuous The Repub-
can party has perpetuay been elected promises of
vast production Our whole industrial system is based
point is that between the making and the buying lies
money which might be bridge but which is often gap.
English Patriots
Among other interesting notes in this most interesting
weekly the most impressive is probably the stand against
free trade and internationasm Both the editor and
HiIare Belloc his most prominent contributor, well
as Major Douglas, who writes letter, attack inter-
nationasm, and all of them not only assume but def
ntely say, that here is a special character which
save England and the world by Englands example.
That England has gone off the gold standard is for
these critics of money excellent thing and the editor
thinks it might be a good idea to distribute dividend
to every citizen at the end of every ten years
"out of the surplus real national profit The lion in
the path of all those hopes is the banking SYSTEM and
one of the reasons the lion frighten with his
roaring is that most of know nothing whatever
about it.
A Great Editor
The New English Weekly which starts out with such
brave announcements, which swears that our system
could be rghted only dared look at the pound the
dollar and the franc in the face is also review of art
and literature 1t takes up the work which Orage drop
ped in 1922 when he abandoned the New Age, editing
which for fifteen years he for himself reputa-
tion the best editor and probably the best critic in
England. He has been in America for several years
teaching the art of writing and expoundng the mystic
principles of Gourdef the founder of the famous in
sttute Fonainebeau The pressure of economics has
dsodged mysticism at least from the first issue of his
new paper Artists novelists sculptors and economists
fill up the pages of this ISSUE welcoming the maga
zine to England. It is no less welcome here.