The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1934-11-02
Uou|d Give Industry New Boost By
Arbitrarily Increasing Production
c. Maas Unemployment
Wou|d Cease Re Be Fur
shu Very; Nay Help
70 Balanee Budget
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~ n2HoN PRlcE
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WASHINGTON. Nes. A.
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1855 - astlsr.siiy issss..ins
ns8snsflsn.
anma susssnmans ssanemlsss
ksss 49, glisslnr ~lsh shs, idsa
- maashs.
$50 Psusiasns william csssn
- So Amssissn Fssss.sisn Of
hek~s - hssushs Il lass shs
$3.50 - sags . - pssssns pro-
e~ssi.s l.ssssss wsula ssl.s m.ny
pv~kisms.
n theafy = most alluring case
sas ~ made o. support that
NsQAmy. q i argued that II all
lsslprss lnereaseA production
naffsrIfnalg. someshlnw ike this
weta haprens
IasaHiotmant would cease 10
- = uefff. TIE enormaus relief
ssNeAalinfs would shrink % q
eesEltls figure. Is even might
- psbls - halaace The budget
e4xI fseG. Necessary borrowing
a. mref aash "a sxpansion would
sEN|a ReneEally, aui 81
- He Ettefses is bsnk vaults
49, tlfeaialian. The larger pay
fels eeaId stimulate buying. With
lmaualfv noinr fsll speed again.
ead everybody IN q job. = new
FaFshpieNs II confidence would
~ CRESTED. peFhars heralding the
ed "a ihe depression.
nllieullisa In Way
Natufaiif. there Is another side
A. en- ease Even shose who
waFmis support the project see
eeFlain afiiiculties Of practical
aHsHailan.
Presumably 4 production in
eHemae ueaid have 90 be brought
aheui largely through voluntary
aelian On tbs part Of industry.
Any government attempt TO force
4 Felainlf woald be resisted.
Manf Industries could not ac-
seHt ne program unless they
Wsfe prepared % do some heavy
hafguunie. Could they be Undue
81 e. hofrow. while they were
dnuhtful II they could sell their
greatly increased output at any
ihlnN hke eost plus reasonable
prafilg
Il can BE- argued that the prac-
teal effect would be to transfer
ths load Of relief expenditures
fFam the treasury 60 the pocket
houks 81 private employers. who
thea would be taking all the risk
II thr gamble on better times.
And Il can be argued in rebut-
Cal that those who have enough
cash 81 credit % operate a bnsi-
ness these days are taking the risk
anyway. because continued relief
expenditures mean bigger taxes,
and those who have material re-
sources viii be the ones who pay
In the end.
Lesser We. Higher Prices
Critics Of the proposal also
contend there Is no need TO take
the risk Of a ruinous over-produe-
ton. the evil effects of which
uere 70 clearly demonstrated in
the beginnings Of the depression.
Business generally Is opposing
the 3o-hour week, set it Is pointed
out that such 4 shortening Of work
hours might haze the comparative
virtue 81 relieving unemployment
and getting idle dollars TO work
without increasing production at
all
Finally. the natural thing
would be FOR greater production to
result il lower prices, and much
81 the "new deal philosophy is
based On the promise that higher
prices. rot lower ones. hold the
kev 10 prosperity. Would il be de-
sirable nov. it is asked, to turn
fhe cart All the way round and
start IL = new direction?
Mr. Green has given the pub
lie somsthing interesting to think
about.