The Daily Alaska empire., 1938-07-07

on the accelerator I believe intelligent leadership senses the opportunity and will accept the responsibility.
 Emergency conditions have required emer- gency treatment that must and ultimately will pave the way to normal functions The yard stick of progress reveals that emergency spending and lending has been definitely wise and beneficial not only in it's humanitarian aspects but as a sound investment in such projects as highways, schools, hospitals, parks and other enduring improvements which en- nance the capital wealth of the nation. The new appropriation should sustain these ob- iectiveS to the point where derivative results will ameliorate those conditions which have made public expenditures necessary. Only through opportunities for gainful employment can the abnormal strain on business and gov- ernment be relaxed and the specter of n- security and corollary of eroding human character be removed
 We need to produce more, to distribute more and to consume more if we would in- crease the standard of living in our country and contribute to that end abroad. If we are to have security and adequacy of life, we must abandon prejudice and destructive strife and all be willing to cooperate and go to work by putting shoulders to the wheel for nation al and industrial solidarity. Any minority whether in the household of capital or of labor, that would continue predatory prac- tices must be recharted because they are in- consistent with the objectives of an unfolding democracy for all citizens and units of society Selfish monopoly, meaning those combna- tions which undertake to control distribution and price of goods to the detriment of ethical business and the consumer will be brought under control without disturbing repercus- sions Thus good business has nothing to fear from objective search for factual know ledge under the monopoly or any other inves- tigation procedure.
 We should not become agitated by the fear of overproduction, but become more ex- ercised over solving the problem of distribu- tion to the end that the purchaser will be brought in contact with the willing producer and seller of goods.
 Economic skies are definitely clearing Many wise business leaders are now and all should take advantage of the summer season to Implement their plans and methods for participation in the inevitable and now form ing forward movement. Announcement has been made of large sums to be expended for plant expansion and improvement under the realization that where no wealth is created none can be accumulated nor distributed Bumper farm crops are beginning to move as reflected by rising demands on transpor- tation. Credit is abundant and available
 The merchants, the wholesaler and the manufacturer should prepare now to turn with the tide in order to avoid lost motion in the upward swing. I, therefore, am encouraged by the factors above enumerated and look to aroused initiative which will bring gradu- al and not dangerously accelerated busi- ness, industrial and economic upturn
 Speaking generally, prices are low and consumer goods especially are moving, as evidenced by reported results from retail merchandising campaigns in many sections of the country. This trend is also shown in re- ducing wholesale inventories
 The current inventory position of whole sale trade is quite encouraging there being many indications that the process Of distribu- tors stock liquidation has been progressing ill highly satisfactory manner"