The producers news., 1934-10-11
The National Housing Act---
A Scheme to Secure the Profits
of Big Business
GAN EDITORIAL)

At luncheon last week Wednesday, Miles Romney
Montana director of the National Emergency Council hOus
ing division explained to Pentywood businessmen and
newspaper representatives the workings of the National
Housing Act.
He equipped with modern talking machine which
produced the most clever enthusiastic and refined sales talk
I'VE have heard and have heard plenty The lee
ture addressed to contractors lumber Dealers arch
tect plumbers etc. and the idea of this sales talk
briefly lyr. this:
Automobiles radios washing machines etc. have been and
being sold the nsalment plan Why not sell house
REPAIRS modrenizaOn of homes and shops on time pay
ments? The trend has turned things are getting bet
ter everywhere hear good except the building
industry. >. Let's go out and sell future wages.
If we remember correctly, that is exactly what was
done few years just before the depression officially
started In the beginning of 1929 yes, already early in
1928 Big Business realized that the workers and
farmers did not have enough purchasing power did
enough to keep buying things at the rate speed
the factories producing They introduced pay
ments, buying that yet had to be earned But
the system did not work. the collapse could not be stalled
Off indefinitely and then the people found themselves so
much deeper in the ditch
Il Now this wonderful government of ours is trying the
same stunt again. Instead of giving the workers
buying power putting higher wages into their pockets in
stead of shortening the hours and putting to work
at higher wages, the Brain Trust is working pep talks
addressed to the small businessmen architects plumbers
etc. to sell their for future wages to their customers
that during the last 10 months or so the pro-
moters OF the New Dea have found that it is hope
less to get Big Business to dig down its pockets cut
down on the tremendous profits pay higher wages have
e workers work shorter hours and men to work
The captains of industry bunty refuse and strike wave is
following strike from to coast with the indus
trial barons defending their profits by killing workers by
the dozens and starving their children to death.
Having failed with big business, the Roosevelt admin
straon trying to stimulate industry bv inducing
the small contractor the umbeman the architect to get
busy hunt up customers and sell them on future earnings
lot of material is being used for repairing and modern
zaon, factories will work full blast again is the ar
gument Of the Brain Trusters
IS However most Of those college professors in the gov
@ enment know at least should know better They should
know that neither the little lumber dealer nor the pmbe,
has enough fluid capital credit to buy material suf
1centy large scale to get industry moving again Anc
granted it works for few months as LONG as Bic
Business is determined to pay starvation wages for Ions
hours there is not chance that the people thrown int
e debt by this National Housing Plan will ever be able Il
pay their debts More small banks and more small business
~ men will be ruined result.
And that is exactly the purpose of the PLAN The NOR
small banks ruined the small businessmen ar
driven out of business the greater are the chances of h
remaining banks and businessmen to revive and To ra
profits That has been the purpose of all depresson t
purpose of every economic crisis to weed out the weale
elements in industry business and finance so that the bio
nd may be able to continue to make profits As
result even by of the economic crisis
Continued page two)