Henderson daily dispatch., 1935-04-06

IlOIl OI q SOVeTnIlS 1t COnC'nuIH2 TO
pay out money that it hos net canned
is foreign to my nature
1t seems to me that we are defying
natural laws-trYng TO MAKE water
run up hill, or trying TO prevent the
ebb and flow of the tides. l, of course,
believe that no unfortunate person in
need should be allowed TO go hungry
or homeless in this land of plenty, but
how much of our present budget is
being spent to prevent wholesale star
vation and want?
Public Deficit Grows $65,OOO Per
Minute
So far this fiscal year. the Treas
ury has spent 1868, 100000 per month
or $13OOOOOO0 per week. OF these ex-
penses only twenty-five per cent went
into direct relief; thirty per cent into
public works and New Deal projects;
and forty-eight per cent for ordinary
running expenses. To pay its average
monthly bill of over half a billion, the
Treasury receives about $283, 900 900
So, in spite of the highest taxes in
our history, the nation is going into
the hole at the rate of 1921 900 900 per
month or $66,000,000 per week. Even
while you have been reading this ar
ticle 1.-TWO minutes) the government
deficit has increased $13O0OO.
Never before in the history of the
world has any nation SO deliberately
unbalanced it's budget as the United
States is doing at the present time.
Unbalanced Budgets Always Ends
DiSastTOusly
What does q progressively un0al-
anced budget mean? For the answer
Of the greatest expert aVailable-Fa-
ther Time-let us turn back the pages
Of history. Twelve years ago Germany
and certain other nations though
hey could violate the same natural
aw that we are trying to violate to-
lay and they ended up with whole
sale initiation. Two centuries ago
John Law sold France the idea of
making money by printing it and the
result was the mississippi Bubble"
Even in the days of the grandeur
Unath was Greece and the glory that
was Rome" the same old crack-pot
scheme was tried with disastrous re-
suits. so, not the history of the past
decade, not the history of the past
past two thousand years but the his
tory of all mankind has shown that
there never has been any nation
which has spent, for long, more than
il took in without destroying it's cur
rency. Why do we think we can avoid
the same catastrophe?
Destruction of Currency Means
Initiation
How does an unbalanced budget
ioring about the destruction of cur
rency. First, the conservative people.
who pay the taxes, who have, and
who lend the government money, be-
gin to be afraid Gas many are rapid
ly becoming today that the budget
can never be balanced and that they
will never be paid what is legiti-
mately due them. This fear spreads
wider and wider until finally the gov
ernment can no longer borrow money
from the people to meet its running
expenses and to support it's unemplOy-
ed. Just when this point will be reach
ed it is impossible to predict-but !
can say very definitely that we will
reach that point sooner or later if
our government does not crack
down" on spending.
In the end, the government has to
resort to printing paper money with
out proper backing. AS the people
lose faith in this pape: currency, there
is a mad scramble to buy goods,
homes, and farms. Prices shoot sky
high. Dollar bills are printed by the
trillion. Government relief money of
$50 per month may not even buy a
loaf of bread.
We would then pass through pc
TiOd of misery and starvation such
as this country has never seen.
Initiation Leads 10 Revolution
A study Of the history Of all pc
RODS Of initiation shows that there
has never been one single instance
where national currency has been
destroyed without leaving revolution
either speIt with or without an "r"
in its wake. We are already in the
rapids and are racing toward the falls.
Unless our government now and to-
day begins to curtail it's spending,
this country will be wallowing in a
sinking mess such as the world has
never seen.
The only hope left for world sta
bility and peace is the United States
and the British Empire. If either col
lapses our democratic government,
free speech, private property, and all
the other ideals or privileges for
which our ancestors have fought will
5e wiped away and we will be oblig-
ed to start all over again. Should the
interests and welfare of 125,OOO, 900
people be blotted out in order that
25,000,0OO of them have have tenn
porary employment or relief?
Who Will Paw the GrOcer'S RiII9