The Bismarck tribune., 1935-03-25

The Christian has greatly the advantage OF the
l unbeliever, having everything to gain and nothing
I to lose-Byron.
Who Will Get Hurt?
House support of the Patman bill for pay
ing the veterans bonus paves the way for in
4lation Of the currency, a process of exceeding
danger for the average citizen.
To be sure, it declares for CONTROLLED
Initiation. but that is mere language.
NEVER IN THE HISTORY OF ANY MA
TTON HAS A GOVERNMENT FOUND 1T
POSSIBLE TO CONTROL INITIATION ONCE
IT HAS DEFINITELY EMBARKED UPON
SUCH A PROGRAM. HENCE THE DECLAR-
ALTON IN THE PATNAN BILL is MERELY
ONE OF INTENTION. 1T GIVES NO HINT
OF WHAT THE FUTURE HOLDS IF THIS
Bull IS ENACTED INTO LAW.
Support for monetary initiation comes from
those who, seeing the purchasing power Of our
present dollar, feel that all they need to achieve
greater prosperity is to have more money.
This is not necessarily true. Real wealth
consists of goods; things which the people can
eat and use and wear. Money is merely me-
dunn Of exchange and measuring stick When
initiation comes more and more money buys
less and less Of things until the whole financial
structure collapses and pandemonium reigns.
In this process it is the little fellow who gets
hurt. The wage Garner finds himself oppressed
more and more. He has more money but he
has to get along with less of everything. Saw
ings Of the people will be wiped out. In Ger
many, for example, man who had saved
enough to buy himself house found, at the
height of initiation, that he had hardly enough
Of aged persons are always wiped out by this
process. They are left as penniless as though
they had been bilked by stock salesman.
Those who advocate initiation talk as though
& would handicap the bankers, q condition
which they presume to be very desirable. In
this they are mistaken. In Germany, where
the last great initiation debacle occurred, the
bankers and the big corporations got richer.
When It was all over all wealth was concen-
trated in their hands, instead of merely the
Qon's share as before.
When Initiation comes the financial people
transfer their wealth from money to goods.
They are the first to do this. BY the time the
average citizen gets around to following suit it
ls too late. The inflationists seem to think the
people as whole will be able to outwit the
money barons. This MAY be true but history
offers little proof of it.
The sentiment in America now seems to fa-
vor immediate payment of the bonus, adjusted
compensation for the veterans service during
the war. The men who defended the nation
are entitled to this consideration. It already
dohf nf =
1916. BY its payment no new debt would be
created.
But It would be travesty if they were to
Be paid in 'sboloney dollars" They are entitled
70 payment in REAL MONEY WITH REAL
PURCHASING POWER.
They will not get it unless the proposed in
flation really is CONTROLLED-AND HIS
TORY DOES NOT SHOW THAT IT CAN BE.
If initiation comes as q result of bonus pay
ment it will be a severe blow to the cause of
the veteran. He deserves better than to be
made the butt Of political manipulation.
Hairdressers oonvenins In Cleveland agree that m
women viii be bald In the next century, TOO late 20 helm
the poor guy who comes home now With blond hair
2. 9 win triumphant stranded midwestern families
b Alaska Just when they ware beginning 70 think It
Uncls Sans attitude that thsy could 50 to warmer
Dlmata.
Ths government has paid OF lot q IT. debt With
pgolits made wen 4 devalued the dollar. 70 IN ad-
1nDtSation 1be that Il ought e b 40 trick at III
- peedueo funds 1oe The Townsend pan etc.
n event the Townsend plan goes through, it might
- vel1 70 explain to Dad that he lies hack and Coes
deen ths RollsRogce won't trot hack to the barn b.
NJ always thought that, at least with the men. pink
- taa1 SegoeJed figures were popular.