The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1932-08-27
Ten Years Work


wear survey of American industry These men are not e
necting anything November and what they say not
precisely in, harmony with the rosy hopes OF mr. GURUS
They allow the possibility of revival they tnnk dnat
unemployment may the dreadful figure OF 2OOOooO;
thew are skeptca of the fiveday week. the
FINANCE CORPORATION and schemes of initiation They
saw the public realized that none OF Its leaders OF
the past equipped with adequate knowledge TO cope WIN
the present dilemma Their ultimate prediction Is tnat
tho nrice system finished and socialism, communism
and fascsm are all equally unsatisfactory the solution OF
difficulties must be worked out along purely seem
tific lines by with the engineers outlook
Paying for Relics
haven't often found the columns OF newspaper as
interesting stimulating this report OF the engineers
The examples they give bring up short with ire
mendous shock. They discussing the changes "hlcn
practical science made in the habits OF industry ana
saw "The first Curtis turbine built by General Electric
for the insult in Chicago in about 1903 with
drawn in September 1909 perfect working ORDER and
now stands in the General Electric yards relic That
obsolete turbine is still being paid for In insult bonds
For half century have all been Frankenstelns and we
are now facing the grim monster we have created Inc
monster has it's financial sde for the total debt claim
against the physical equipment of all American industry
has risen the fantastic figure of $2l0OOOOOOOoo-a
debt claim prosperity. No wonder some of us are
hard pressed.
Bodybuilding Statesmen
These engineers offer instant plan for prosperity
which something relief the politicians do which
their business The prospect to which the engineers INVITE
us gloomy but the only desperate item lies outside their
prophecies 1t is that the politicians haven't even heard
the scientists and will want to hear Of them The
DOltlCldnS
buggy Is years and built house to last life
time they haven't begun live in the have created
when it is social sin to of model more than
year old, when things made to be out or dis
carded after years. when entire factories out OF
date and actually wasefu because methods and
machines created. They are, Major Douglas and
his followers say working the economics of scarcity in
of plenty.
Blind Business Men
1t would be happy thing if our ndustralsts
aware of what they themselves are DOING but see few
signs of it. They endow researches they put up
buildings and install the latest machnery but they hardly
consider the total effect of what they doing Slowly
and reluctantly they arrived at the knowledge that high
and short working hours do not destroy ndustry
that the workerconsumer has to have money spend in
order to keep the Observation-Disclosures in funds But
the idea that the whole haphazard method making things
and selling things has been changing foreign them
Like politicians in power they want only to be kept in
and when they find themselves suddenly thrown flat
their faces by financial earthquake they willing
to say that it act of God, and that they them
selves having done what everybody has done for hundred
years. innocent victims Their innocence other people
challenge; but they ought know that ignorance of
the laws of economics is