The McDowell times. [volume] (Keystone, W. Va.) 1904-1941, 1938-02-25
WILLIAM H. DREWERY'S.-
LETTER FROM CHICAGO
LAND
(C9ptinssd from PAGE 0ne)
measure in the Senate.
Government by Organized
Money

Government by Organized
Money
An example of government by
organized money, at this stage
of our observation, may serve
as 3 vital case in point.
When Assistant Attorney
General Robert H. Jackso. in
charge of the Department of
Justices antitrust operations,
delivered a radio speech some
time ago blasting big business,
stocks ON the market wavered.
Result, thirty thousand men on
one job were suspended; while
a quarter Of q million men on the
same job were adversely affect
ed in their employment. These
men were placed on three
days a week work basis.
The idea of a quarter of
million, or more of working men
in the same employmet,, and on
the same job, having been made
to suffer the loss of regular en-
ployrnent because the gambling
dice on the Stock Exchange and
in the trading pits on Broad and
Wall streets fail to roll to suit
professional traders, is more
than notion; ad should not be
left to the state of New York.
any rate it should be a matter
of government concern. While
there is a Securities Exchange
commission, the insiders by the
old tatics, have been able to
manipulate the market to suit
their purpose, even to the extent
of engaging in long periods of
selfish suspension of employ
ment; and that as it is at this
writing,in the face of declining
purchasing power. The market
Size September, has been errat-
RI c, more OF less. During this
time, four millions of working
men have been laid off. OF
course. the government must
. feed thse men, but the tax pay
p, ers must foot the bill in the long
run.
Business Course
In his fire-side chat last Oct,
+; president Roosevelt had this to
. say, "fiye years of fierce dis
4, cussion and debate, and five
years of information through
the radio and the moving pic
: lures, have TIA k n the whole
nation to school in the nations
business
; AS one remembers five years
; study in a prescribed course is
the average allotted time for one
to complete, under normal condi-
tions a course in training in the
accredited institutions of the
country. Surely enough, those
of us who having subscribed to
such q course, appertaining as
. it did, to the a f f airs of the
Z, government, have by this time,
v had an opportunity to e arm
p much about national affairs and
f the methods of the administra-
f tive national government at
Y Washington in dealing with
r them ostensibly for the good
$ Of the whole country.
In pursuance of better cul-
z tivation of American life, the
Z Roosevelt government, in its
J., business school, has sought to
: lay down the yard stick az to
l. what from now on, is to be re
D cognized as the accepted stand
{ ard rule Of business in this
2 country. In this matter, deep
! blowing is now well under way.
No doubt the President, in re
c h arting his philosophy of
r government under the new deal,
, | has run across many an impedi-
inent in the path leading to the
more abundant life. In fine
it is now limited by those now in
the Know of the government,
the impediments in the path of
social and economic reform must
be eliminated. Reasons. The
government is not obliged to
protect incompetent business /;
n or to give sanction to those
who continue the use of the
economic machinery in practices
which date back to the horse
and buggy days of national
development.
Recessing the Country
! With this blast, the president
has big business on the run,
Already. in the air, there are
l u 4 II Il