The Washington times., 1934-12-05

be the SerV- #$$$#
ant of its free M
= citizens, not ~
their master" %
2. No group - ~
Of men is wise Lew" nancy
enough to plan and control the
operations of all our manifold
business activities"
These principles are true. It
may be that in the past "big busi-
ness" has sought to make govern
ment it's servant, and to control
most of our manifold business &C
tivities. But the ideas it now
adopts are true.
The government exists for us in
dividuals, and rests upon the con.
sent Of the governed. One great
danger now is that individuals are
being treated as if they existed
for the government, and more and
more we are headed toward CO.
ercion by government, which pre-
vents us from being free citi-
Zens."
We are forgetting that Gov.
ernment is just a bunch Of
politicians II men who get
selected" by making platform
pledges which they do not keep,
and who spend other peoples
money to get vOteS-men who
selected Eyes men" for advisers.
Tf ithaca mon E1oOuy tN
plan our economic destiny, why
do they have to "experiment?"
Why have they wasted our re-
sources in so many bad expert
mentS?
1 do not blame them for max.
ing mistakes, or for being unable
to devise and carry through a
consistent plan-I blame them for
pretending that they can.
The wise man is one who knows
what can't be done. The honest
wise man refuses to make vain
experiments, even when his fol-
lowers want him to. Courage has
never been foolhardineSS.
The Associations platform
goes on to formulate a funda-
mental economic principle, as
follows: Savings and invest
mentS provide the tools for
W0rkers-the basis of private
credit necessary to keep workers
and tools busy"
That is true. We got into this
mess, not by saving and invest
ment, but by spending and specu-
1ation. And are we not still at it?
Has anything gone up so fast as
Government spending and debt?
Who is the biggest speculator in
cotton and silver today? It is
the United States Government.
If we want security, we have
got to save. And the only way
we can save is by not spending
more than we earn.
stability in public finance is
essential to stability of all
Credit-public and private" says
the association. True.
We can't have any certainty
as to the repayment of loans
rs long as our Government is
putting us all deeper and deeper
into debt, and desperately try.
ing to give us money by borrow
ing from us.
Our public finance will never
be stable until our Government
can sell its bonds to its free
citizens. That it cannot now
do. Most banks and insurance
companies are no longer free.)
To get stability, says the as
Sociation, we must "cut public
expenses to fit reasonable taxes"
True again.
The average taxpayer who
works all year must now put in
about three months of his time
working for "the government" so
that a little bunch of brain
trusters can order farmers to de.
Stroy crops, order the building of
unnecessary dams, and play the
market" in cotton and silver.
For example, down in Warm
Springs, the bunch announces that
they favor large-scale grade-cross-
ing elimination, which is to be
made "self-liquidating" Cd. How?
Through taxes on passengers and
freight and gasoline! They boost
expenses, and then boost taxes.
Finally, the association comes
out squarely for "a genuine and
unrestricted gold standard" and
q banking system divorced from
politics. These things can come
only after the Federal budget is
balanced.
I do not agree with all the ideas
OF the manufacturers. They still
talk about stimulation" and
naturally show some narrowness
toward labor-though less than
formerly. But their general prin-
ciples, as stated above, are 100
per cen true.
What I am wondering is. how
can they cooperate" with the
New Deal?
REGULAR AND EXTRA
L. A. Young Spring and Wire
Company has voted an extra Of Is
noNafe a~I fIoa roo111or r111o rtorVu