The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-06-17
NEWSPAPERS, OPINIONS
EVERYBODY AND THE NATIONAL INCOME

The national income is perkng up right smartly
It hit a low of $4,000, 900, 900 during the de-
preston but for the past three years it has been
crawling back upward.
The high of all time was attained in 1929 when
the income of all the people of the country from
all sources amounted to $78, 200 900, 600.
Ii is now within $4,000, 900, 900 of that height
The present mark of $4,000 100000 is, of
course a sensational Improvement over what the
national income has been during the DEPRESSION
but it is yet far from enough
Not even the maximum Of $78,00,O00,OO0 in
1929 is anything like enough for country like
America.
We ought to have national income of at least
SIPS 900 600 OOO considering the capacities of the
American people, plus their opportunities, plus the
standard of living which they require.
That would be only 1000 annually per capita
No other people on the face of the earth have
all of these combinations which make high ma
tional income possible and necessitous.
No other people should have more insistent
urge to go out and make themselves this much
money. ... ..... .-
But it can never be attained under conditions
either now being compelled proposed
The national income will not materially rise by
the method of working less and spending more.
1t will never increase by the contagious habit OF
leaning on the Federal arm for support
1t will never increase by the process of curtal-
ing production and charging higher prices for the
essential necessities of life.
1t will never increase by constructing the mar
kets at home or abroad and proonging the philoso-
ply that prosperity can come through scarcites
and plowings- under. ....
1t will never increase by the political art of ex-
tending public services over into private pursuits
and charging the bill to the tax payers
1t will never come by governmental ownership OF
private industry and business which drives capital
out of profitable investment and thereby tends to
decrease employment.
1t will never come by permitting the waste ana
loss of individual revenues through strikes and the
promotion and perpetuation of industrial warfare
It will never come under a government that
continually borrows money to meet Its operating
costs increase the public debt and therefore, pies
up upon the backs of oncoming wage-earners the
burden of liqudating this crushing account.
1t will never come by governmental policy oil
diseouraging private wealth to make the most OF
ITSELF by defeating the good ends of eaptaliStic
system built upon the profit motive nor by the
eonfiscation of wealth by an irresponsible and non
wealth creating bureaucracy.
Inc American people uesei'e Nioie i"NO"N'
They can have it when they are willing to pay
the price of getting it
And that price is a stern nsistence for those old
regimens of government which permitted men hon
esty and legtimately to work unhndered by gov
ernmenta competition, which encouraged capital
to invest itself in worthy enterprises and thus ere
ate more capital and, with it, more work for more
people-a system which pivoted upon the economic
philosophy that Increased production makes for IN
creased consumption and that increased consump-
ton makes for lower prices and that lower prices
make for more sustained individual income and
that more sustained individual income makes 1or
greater national Observation-Disclosures Observer.