Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1939-04-12

tary that IL mas taken the officials
of the present administration six
years :. SIX long years :. to find
out the disastrous nature OF their
continued ATTACKS on business.
Perhaps we should be thankful
that at last they have made this dis
covery.
Business is the source of the eX
traordinary wealth that this country
has accumulated 1t is the source OF
the prosperity aDout which we often
have cause 10 proudly boast. But
year after year, for six long years,
business has had to struggle with
many foolish restrictions created By
government officials who often seem
resentful of successful achievements
iii almost every commercial enter
prise.
Some of the workers in the past
have applauded these misguided eff
forts, but some of those who have
taken the trouble to analyze the stu
alton have found it desirable to
change their applause to bitter re-
sentiment for through this disastrous
good citizens nGN been compelled
to accept the dole or governmental
charity jobs, and colossal indebt-
adneSs has been Incurred which the
workers will have to pay, unless
those who invested in government
bonds are compelled to assume the
loss through national bankruptcy.
And do not acquire the idea for
a minute that the men with great
wealth will have to assume the
brunt of this catastrophe. It will have
to be borne mostly by every one who
owns government bonds, insurance
policies, or values OF any KIND &.
in fact, real estate will be the only
exception. Every insurance company
is loaded with government securities,
and when the government is unable
to pay its bills, these securities be-
come worthless.
Annuities insurance policies, and
insurance guarantees cannot be full
filled.
More than twenty-five billion dol
lars . that has been the breath
taking cost Of the New Deal govern
ment .. taht is the additional indebt-
edness which has been incurred by
the reclzlessnes5 Of New Deal offici-
ais.
Now, suppose we divide that in
debtednesS among the forty million
workers :. for ultimately they will
have to pay nearly all Of it. A little
figuring will prove that 1928 will be
4Lo0 el1 - 4, t.
gage by every active worker. And
year by year part of this will have
to come out of his wages in hidden
taxes. 1t won't be deducted on paw
day-oh, no. But when he BUYS
suit OF clothes, dozen eggs, a pair
OF shoes, regardless of the nature of
the purchases, certain amount will
be added to the price to help pay the
principal and interest on this TWENTY
five-b illion-dollar debt
And all this is due to the reckless
spending OF what a number of our
we'll balanced economic experts re-
fer to as crackpot reasoning.
Why, one would think that even =
Schoolboy would know that if he at
lacks the source of his food and COM
forts of life, ultimately he might be
denied them, and even a dog docs
not bite the hand that feeds it!
There is an oldslogan that appears
IN a we'll worn fable. 1t refers to kill
ing the goose that lays the golden
eggs, and it seems to many hard
headed business men that this ad-
ministration has been busy with
every possible means within its DOW
er to accomplish that objective-to
kill the goose that lays the golden
eggs"
The miraculous commercial pros
perity of this country is certainly
not due to an accident. Our parti-
cular location has but little to do with
our achievements, beyond supplying
us with fertile land and rich mineral
and other natural resources, and the
one factor that is valued by every
citizen more than anything else
security has been largely dis
sipated.
While the workers are saving to
buy home or to insure their chill
dren reasonable dependence, the