Milford chronicle., 1933-03-31
Economic E,,'lt,l'lI Highlights

Pals, Dividend Checks And ia,
Bills OF Every Indiridual-Na Nation
III And International Problems
Inseparable From LEGAL Welfare
There is new attitude abroad in
the land. This began to be seen
some months ago, and came to cul-
mination with the bank holidays and
their subsequent reopening. Where
the average citizen was once frank
ly dubious as to the future of the
country, he now believes that re-
covery is IN the process Of starting
THAT bottom actually has been
reached, and that we are ready for
the up-climb. Partisan politics has
been forgotten. Practically unani-
nous support is being given the
Roosevelt Administration by news
! papers and individuals of all shades
of political opinion.
The Administrations stand on
gold boarding is producing even bet
ter results than were anticipated.
When the banks opened queues of
people stood in lines at tellers' win
| Ldows-not to withdraw money. but
to deposit gold coin and certificates.
Hundreds of millions of dollars of
gold has been returned TO circula-
tiOn. ...
Under the present banking plan,
no bank can issue gold or gold GER
tificates without express permission
from the Treasury Department.
However, gold is coming ont of
boarding so rapidly that it is even
forecast this stipulation may be re-
moved within a short time. ...
The President expects TO have his
$500, ,O00,0 900 economy drive actually
in operation by the end of March.
Savings are to be made as follows:
$3.50, 100000 from reduced veterans
Conversations; $120,O00,000 in low
cred salaries; $10O,000,900 through
reorganization. ...
Economy is the first step toward
a balanced budget. Other aids. in the
belief, will be about
S125, 5,OO0,OOO in new revenue from
beer, and $l5O,OOO.000 from re-
newal of the federal gasoline tax.
The number of men who will be
put to work by legalized beer and
he amount OF taxes accruing to the
government, are moot, much-debat-
ID subjects. Even taking the lowest ,
igures, q considerable amount of ,
and taxation will be 9
provided. One question is, what in
luence will legal beer have on home A
1t was certain that if beer j
we're oveftaxed, and price of fif- "
cen cents or so a glass made nee
ssary, sales would be small. Under
he Administration bill, it is fore
asst that beer will be sold at its old q
rice of $5c a glass. 15c a bottle r
Mess, of course, states and NUM- .
ipalities over tax it on their own
ccount. -. n
Salient features of President \
unemployment program ~
re: A S5OO,OOO,O0O unemployment n
elief appropriation to be used in =
thermal improvements and the es-
of camps for the nnem-
loyed engaged on government work
expansion of the Reconstruction ~
nance Corporation to permit loans
lower interest; refOrestatiOn OF M
arginal lands in the Tennessee VI
alley and elsewhere, etc. ui
1t was expected that prices-se-
lrity, particularIy-would rise at
e end of the bank moratorium, be- te
use of renewed confidence and IL!
w money in circulation. Prices -.
land, to the surprise Of some, II
e apparently holding to their new 81
gels, an extremely encouraging gu
m. To
prices also showed a +"
neral disposition to rise. II is diff a.,
ult to present q survey of busi- o. o.
IS conditions in general, because us us
the brief time that has elapsed saS si.S
ice the holidays, and the fact that ~ ~
period must pass before improve ~,
mt, even if started, is reflected in iaa %
siness statistics. ho
late reports on major industries M,
wv: bo,
resistance to bank CO,
crisis demonstrated. Operations I
re been downward, but not so in ot
sely as was feared. do,
- Much optimism Uo
!. II is believed that the growing q
,lic desire to convert money into he'll
,ds will be boon to the indus Fri
Sales strong before the mora the
since too incom- sidi
lie to be reliable. sew
IL-Conditicns still chaotic, due inc
excess of production over con- disc
lption, prices at low levels. eve
Dnger measures of control over lect
duction in major producing areas Boa
cipated. .. itat
Production in 1882 was the
900 tons, consumption 100000 sch,
5. This is indicative OF the posi- ing
of the industry now. Produc- the
has been regulated to demand; day.
Icipal problem is surplus stocks Uni
hand which at end of last year III
led 650.000 tons! serv
ETAIL TRADE-Sharp improve e. {
t occurred recently, and senti- tails
t more hopeful than for some and
past. Wha
ices for FARM PRODUCTS have Sc
n of hanad in n 7nC-5 wifi, fha mpal