Milford chronicle., 1937-12-10
Will You Wade Or Ride?

You have witnessed the inevitable
result of political and labor radical
ism-a definite slowing up of busi-
ness.
Whether the present recession de-
velops into another depression, de-
pends upon labor leaders and Con-
gress.
For some years It has been con-
sidered good politics to berate cap
ital and industry.
Nothing has been too drastic to
heap on industry, in the way of leg
! islation. regulations. taxation, gov
erDment competition, political die
tatorship, labor dictatorship and
countless artificial restrictions and
penalties for this, that or the other
thing.
Under such a bombardment, in
dustry and investors are supposed
to smile, turn the other cheek to be
slapped, and dig up the taxes to f.
nance government expenditures.
Well you see the inevitable re-
suit. The wheels of the Coach of
Progress are mired in a man-made
economic quagmire. The horses that
pull the load have been fiogged un-
til they are baking. The passengers
TALL of us) who have tickets on the
Coach Of Progress are becoming
fearful il will be stuck in the mud.
and are wading ashore. The owners |
of the Coach (milliOns of stockhold- |
ers in American industries) are |
seeking a way out of the quagmire. !
New investors TO furnish capital for |
the horsepower necessary to pull |
the Coach out of the mud, are afraid |
to put up money for fear their |
hcrses will be abused. as have those
now hitched TO the Coach.
Political radicalism and labor
radicalism have been taking free
ride on the Coach of Progress. They
have overloaded it. If the Coach is
pulled out of the mire, some of the
dead-heads will have TO be dumped
off.
Congress is the driver who will
have to do the job. II can start by
off the malignant capital
gains and surplus profits tax that
crowds a pay-load off the Coach.
1t can balance the national budget
~ spreading the tax base instead
If miring the nations horsepower
~ a confiscatory tax load.
1t can adopt a constructive rail- =
Dad policy which would be mighty
'oost to labor and every industry
which sells rail supplies. This
Iould help pry the Coach out of the
1t can drop its socialistic pro-
ram of government competition
ith the electric industry, thus re-
EASING from $50O,000,000 to $780,
10000 year for improvements,
hich this industry would make If
OF fearful of subsidized govern
ent competition.
1t can announce a determination
institute square deal" policy
II both capital and labor-equality
consideration for both. a,
1t can announce a policy of en- L
'uragement rather than discour- :
cement of private enterprise.
1t can announce that government
III stand as the impartial umpire
the affairs of its citizens rather
an adopting the attitude of mas
r.
These are a few things Congress
n do that would help pry the
ach of Progress out of the mud 1O
d send it down the paved road of
rmal activity. Such a program ii
uid result in millions of jobs and &
IS of millions in increased earn
IS and dividends to workers and .
in Industries.
Every citizen is interested in this
,gram, for every citizen is going
have to wade out of the man
de economic quagmire In which
Coach is now halted, or he is
ng to ride out on the Coach with
feet as the result OF aids fur
he'd by Congress to enable the
ich to again roll to solid ground
h It's load intact.
lead the classified section of the