The Washington times., 1934-11-02


Anon enough to Lewis Haney
care for Cis2m, or whether caring
for them may not become such a
burden that it will put the Gov
eminent into business, thus de-
stroying business.
If Government agenSieS yield to
political pressure and go on from
merely spending" to controlling
production and engaging in man.
ufacturing for the purpose Of re
lief" then the Government will
be taking the place of business.
And this is what may happen If
business itself does not gain
enough in activity to reemploy a
large part of the millions now out
Of work.
Your first thought is that this
is fair enough. You may say,
IL business can't function, let
the Government step in and do
business.
But wait a minute! Just ask
yourself, Why is it that bust
ness does not recover and give
employment. A little thought
will convince you that the reason
lies in the Governments poll.
cies. Business would probably
have been recovering long ago
had the Government not done
things to business which have
prevented recovery
In fact, the Government by
creating business uncertainty is
causing unemployment. Then it
turns around and says that it has
to replace business in order to
care for the unemployed!
And the further it goes into
business for the alleged reason of
caring for the unemployed, the
less business there is and the more
unemployed there are.
This is truly a vicious circle
It is the vicious spiral of I'm.
employment which today threat
ems to engulf America in a flood
OF Sovietism or of Fascist state
capitalism.
I say that business cannot
recover and take up the slack
as long as business men can have
no certainty as to the value of
money. the scope Of property and
contract rights, and the chance
to make profits. These are the
very basis of business. Today
they are all in question, and are
30 uncertain that business re.
covery is utterly impossible.
But instead of removing these
barriers to business and pro
ductive employment of labor, the
Administration daily plunges
deeper into a program of mixed
reform" and relief" While it
tries to induce banks to lend
and business men to borrow, and
toys with schemes of credit ex
pansion, it destroys the very
bases of credit.
You can't force credit! As
surely as you threaten lenders,
virtually telling banks that if
they don't lend you will take
their business away from them
and set up a Government loan
agency and fiat currency, you
kill credit. The deeper you go
into unprOductive public
works." and the closer you come
to sOcialistic schemes of labor
army regimented to produce
their own canned beef and
shoes. the nearer the day when
EOvietiSm or FaSciSm will re-
place American business"
Then goodbye to the "Ameri-
can standard of living!"
We must decide soon. If we
want business to recover and give
employment, we must stop the
present kind of relief" activities.
II we go ahead with the present
spending and pour out billions for
PWA and FERA (and turn the
banks over to the Treasury to help
Finance" the thing, our millions
Of unemployed will be taken into
an army" of relief workers.
Then we might have no poor
houses, as Senator Copeland says,
but the United States would be-
come one vast poorhouse - as
compared with our past prosperity.
Either our relief must be more
buSinesslike, or our business will
degenerate into relief"