The midland journal. (Rising Sun, Md.) 1885-1947, 1938-08-05
GOOD PSYCHOLOGY
j. E. Jones

The automobile industry is bell
wether, and business is justified in
it's feeling that if it is able to keep
it's wheels moving during the slack
season, however, slowly, there may
be reason to hope for better bus
mess in the Fall
The gloom that has been pervad-
ing industrial centers has had a
dampening effect on business con-
fidence throughout the land. I'm
doubtedly, pessimism was justified
during the winter and early spring
when manufacturers were obliged to
curtail production, but it did seem
that it was carried too far in the
loose talk of some months ago of
possible summer standstill in the
automobile industry.
Every possible effort is being
made to maintain the position OF
leadership of that great industry and
provide employment to the fullest
possible extent Business sentiment
is certain to be improved by the
statement of General Motors an
nouncing schedules for new car pro-
duction for the period of July,
August, September and October.
A stoppage in motor production
would have had real and adverse
effect on business in all of the sec
lions to which the automobile in
dustry contributes through employ
ment and the purchase of raw ma
terials, Furthermore the psychologist
al effect on business would have been
bad 1t is fortunate that no such
stoppage is taking place.
When the industry advanced the
introduction of it's new models to
announcement date, it did so to
stimulate buying in the Fall and
early winter months and thus stabil-
ize employment. The change-over
period, in which plants are equip
ped with facilities for new models
and in which inventories are taken,
is staggered to considerable extent.
The psychological effect of the
General Motors statement is good.
Business generally will benefit by
the efforts being made in the in
dustry to keep the wheels of pro-
duction moving. And when business
improves, the automobile industry
will benefit along with the rest
Federal Licensing OF Corporations
The entire political swing, indie
pendent of campaign issues or in
vestigations, is leaning towards the
proposal of Federal licensing of cor
porations.
would not restrict them in the con-
duct of their affairs. The fear is
that such system of licensing
would gradually reduce our great
industries to system of servility
like that which has made the Gov
eminent the Railroad Boss.
More Taxes Next Year
Taxes will be increased by the
next Congress-even beyond the
Presidents present demands. The
big hole in the U. S. Treasury must
be filled to keep up with expenses.
Il
Better Think This Over
In his Kentucky speech the Pres
ident charged the Governor of that
State-and inferentially most Gov
|ernors-with making false claims
about their successes toward bud
get-balancing and cleaning up old
State debts. He showed that these
Governors simply shifted the figures
and the debts onto Washington. Aud
that's correct. The Mayors of most
of our large cities have been doing
the same boondoggling.
How long can Governors and
Mayors make their own people be-
lieve that they get free money"
from Washington. That game to
fool loyal taxpayers has become to
look like racket.
Fears Foreign Meddling
"If the New Deal embarks upon
a course of foreign meddling, it is
no longer the New Deal" is
sample Maury Maverick epigram. He
is Congressman from Texas, serving
his first term.
-O-
ILL-GOTTEN GAINS