The Republican. [volume] (Oakland, Md.) 1877-current, 1940-05-16
BY FRANKLIN MAILMAN

Whenever the New Dealers become
hard pressed by the failure of their
spending and experiments to bring
back economic recovery to the coun-
try, they take refuge in citing head
lines of corporate earnings as re-
ported on the financial pages of daily
newspapers.
Thus the chief propaganda for
the Democratic national committee in
his weekly excursion into the fog goes
into state Of apparent ecstacy over
recent financial reports that cor
porate earnings in the first quarter Of
this year exceed those in the same
period last year and that net corpor-
ate profits for 1889 were greater than
in 1888.
1t is strange to hear New Dealers
undertaking to justify themselves by
pointing out what they have done for
big business. Most of us had been led
to believe that the Roosevelt Admin
istration was dedicated to doing some
thing for the "little fellow" and the
man who works for his living.
Strange New Deal Spectacle
But it seems we were wrong. The
most recent New Deal gospel is to the
effect that all is we'll with the country
if the big corporations are making
money and if the dividend checks grow
fat once again. Now we have the spec
tacle of the chief New Deal propagan.
dist throwing his hat into the air be-
cause New York banks are, as he puts
it, making little money.
AS is usual with our New Deal
friend, he is distorting the picture
even in regard to big business. He
bases his case on the fact that in
1889 many corporations showed an
improved profit condition over 1888
and that some corporations have had
a better first quarter this year than
they did last year.
But everyone knows that 1888 was
& New Deal depression year-which
in many industries carried over into
the first quarter of 1889. So cor
poration can show increased earnings
and yet operate below really profit
able basis. 1t is like saying that man
who had a part time job last month
paying So week but now has $40
q week job has improved his earning
capacity 100 per cent. Technically it
is correct statement, but only New
Dealer would cheer over such elm
provement."
Still Hove 10000, 900 Jobless
More important to most of us than
corporate statistics and dividend
checks are jobs and not even the New
Dealers are so brazen that they can
blink down the fact that we still have
100000 unemployed men and wo-
men in this countIy-10,O00, OOO-as
many as in 1888, after seven years Of
reckless experimentation and squan-
dering of billions of dollars.
Most of US believe more important
than the size of dividend checks is
the fact that during the seven New
Deal years the average annual real
lied national income was but S464
per person yearly, as compared with
SOTO per person yearly through the
seven years before the advent of the
New Deal-a decrease of $106 year.
Most of us believe that the fact
that cash income from farm market
ings, including subsidy payments was
on annual average basis, 81 ,349, O0O,-
900 less during the New Deal period
than in the previous seven years is
more important than dividend checks.
Likewise, we are distressed by the
fact that the annual average value
Of exports from this country during
the New Deal years totaled $685.
100000 compared with the annual av-
erage of $3,989,0OO,OOO in the previous
seven-year period.
Seven Times As Many Strikes
1t also seems important to most of
us who work for living that during
the seven New Deal years there were
1886 labor strikes in the United
States, or an annual average of 2,5O5,
as compared with 5,555 strikes in the
previous seven-year period, or an
annuel average of 794.
These statistics constitute the bar