The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1938-01-06
What Can Be Done About It?

The so-called business recession which has been
laid at the door Of "bg business, has brought forth
the quere Who the offenders" If, laying the
blame big business is not merely alibi then
the nation should be informed, and those efforts
tailed Immediately.
Monopoles are not conducive to good business
and if practices of 'fbig business enterprises
are such to stagnaton then the government
should have the full cooperation of legitimate enter
prise in their elimination
The President in his message to Congress Mon
day stated Government can be expected to cooperate
in every way with the business of the nation provided
the component parts of business abandon practices
which do not belong to this day and age and adopt
price and production policies appropriate to the
times"
Business, which has been burdened with special
taxes, and has felt that government it's enemy,
instead of ally doubt will welcome the invitation
to cooperate, so that it take its place in the
sphere of private enterprise in democratic nation.
The Industrial News Review, of Portland Ore
gon, asks what be done to remedy the situation?
And continues that the answer is plain-and it has
been given many times by men of prominence in fin
ance, in industry, and in government itself. AS a
means for Improvement in this matter the Review
suggests the following:
First, business must be reassured-and that
that it must be convinced that will be per-
mtted, under the American system of free enter
prise to carry its functions without bureaucratic
dctation, and reasonable profit from it's
labors
Second it is essential that Congress take the nee
essary steps to from the bent back indus
try the capital gains and the surplus profits taxes
Wnlch are often called taxes without q friend"
Third business must be encouraged to spend in
channels that create wealth, income and employ
ment. For example it is estimated that if the much
discussed peace pact between the Administration
and the utilities is reached the electric industry will
spend billion more annually for improvements
and expansion
Fourth, our basic medium of transportation, the
railroads. must be permitted tariffs that provide
fair margin of operating profit. This industry is
mally the nations greatest single employer and pur
chaser of supplies.
Fifth, the government must put it's fiscal house
in order-whch means a balanced budget, and plan
for steadily reducing the national debt
Sixth, in matters that affect all industry, there
must be restoration of confidence. There must be
cooperative spirit toward our great security ex-
changes, instead of inmical attitude that tends
to render them impotent There must be rebuilding
of our faith in the processes and philosophy of
constitutional form of government.
The industrial and agricultural resources of this
country are greater than We lead the world in
national wealth. in living standards, in opportunity,
and in potential achievement for the betterment Of
the lot of ALL Out OF this finer civilization
than the world has ever known-f only we use to the
fullest advantage the tools have. And in securing
this the first essentials fairness cooperation and
tolerance-on the part Of industry Of government of
labor and Of all other elements in national life