Coulee City dispatch. [volume] (Coulee City, Wash.) 19??-19??, 1938-07-07
Published Every Thursday Morning
in the Interest If Coulee City and
the Neixhboring Vicinity.
DIsPELL1NG THE FOG
By Charles Nicholson

by CharleS MlcnelS0n
If anything appeared to be settled
in the present political set-up it was
the universal Republican faith that
the slump in business was all Presi-
dent Roosevelt 3 fault and, more par
ticulariy, that the recent relief ap-
preparation which they called
pump printing was desperate
gesture on the part Of the Admins
tration and could not remedy existing
conditions.
So it is rather puzzling to find some
OF the Old Dealers most eminent
brain trusters taking issue with that
argument. For example, DR.. Virgil
Jordan, consistent critic and cna..
lenger of the New Deal, and president
Of the National Industrial Confer
cree board, lectured the Union
League club, Chicago's most conserv-
utive organization, on business 3 fail
ure to rise to its opportunities.
eff we are to be realistic about
the situation in America today,
said DR.. Jordan, eve must candidlt
admit that in The dangers and diff
euities Of this disastrous period Am
erican business management az d
whole has SO far failed to fulfill the
full measures of its responsibility to
the American people'' A little later
on he said: 1T mean only that by
temperament, training, experience.
intellectual equipment and knowledge
American business management was
not adequately prepared for the un.
precedented and tremendous task
which was imposed upon it by the
vast economic, political and social
changes during the past Is years
since the war;
Another count in the indictment
against the administration at Wash
ington is that it is jeopardizing Am
crican liberties and hampering the
enterprise of our captains Of indus
try.
Gin the first place. said this high.
counsellor Of business, eve should
remember America remains today
practically the only spot on this un-
happy planet where we retain in
some measure freedom of action t,
determine our own destiny" He sug
gosts that business should file it's
criticisms and complaints for future
reference, and it should "come for
ward to the American people with an
unconditional pledge and a specific
program to re-employ our labor and
to rehabilitate our industries, step
by step during the next two years,
and it should then demand the aid of
government in certain specific ways
to that end. "
Now ], wonder how much of that
kind of talk Dr. Glenn Frank is go
ing to put into the Republican plat
form which he and hundred other
great minds are supposed to be try
ing to formulate.
Treason in COP. Brain Trust
And here is another business econ
omist who has some views on bust
ness's opportunity, and the course it
view with Mr.. Roger Babson it was
lecited that retail trade is only off
Is per cent in the densely populated
industrial centers, whore the recess
sion is hitting the hardest; in the ag-
ricultural districts it is only off 2 or
3 per cent; but factory production is
off full 40 per cent.
$780," says Roger Babson, eve
find that this new pump-priming at
tempt is coming when natural bust
ness adjustment is in its final stages.
This huge addition to the purchasing
power Of the nation comes just when
business was about ready to forge
ahead on it's own accord. Another
thing, this same pump-priming should
be major force to prevent the usual
seasonal let-down, nay start business
upward in the very near future, in
stead of awaiting the Fall months"
eff 1 were a manufacturer, con-
.l9IY4. WONDERFUL