davidaulloa/AmericanStories huggingface dataset:
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Nj. S. RukeySer:
News Service Economic Commentator

John Maynard Keynes. British
economist. treasury adviser. and
a director of the Provincial In.
surance Company, in a message
10 this column. throws light on
British life insurance experience
with common stock investment.
This is of especial timeliness
now since Sumner r. Pike, SEC
member of the 1'NEC. recently
recommended that American life
insurance companies m od ify
their investment policy 10 in
clude the purchase of common
shares. Under the present New
York state law. life insurance
companies may buy eligible pre-
ferred stocks. but are not per-
mitted to purchase common
stocks. The Canadian and Brit
ish insurance laws permit COM
mon stock fordinary share, which
is the British term) acquisition.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Discusses Insurance
Investment Policies

rent labor problems which he
deemed more important than
strikes. These other problems.
on which his office has been &C.
tive. nc said. related 10 tho train
ing Of workers for defense Jobs.
and studies designed 10 reduce
the waste Of labor turnover and
migration Of workers.
Mr. 1iillman also argued that
tho New Deal administration.
because Of lis pro-labor reputa-
ton, was. in his opinion. able TO
get more concessions from the
labor unions than would n less
friendly administration. He ar
gued that the rank and file Of
labor are 100 per cent behind
the defense program. and stated
that subversivc elements. COM
peting for attention. were forced
AT least to give lip service to
supporting the defense effort.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Retail
Volume
Improves

Retail sales advanced 4 TO
per cent over the preceding week,
aided by favorable Spring weather
and month-end sales, according to
Dun g. Bradstreet. Inc. Compared
with the same week last year,
gains as high ss 10 per cent were
recorded and for the month 10
date volume Is over 20 per cent
above April, 1910.
OF the consumers goods, home
furnishings and Household appli-
anccs have shown the greatest
increase. Besides apparel, which
made its usual good pre-Easter
showing, other lines running well
ahead OF last year are builders
supplies and automobiles.
Wholesale distribution was re-
ported as even with or slightly
ahead OF the preceding week. and
from 10 TO Is per cent ahead OF
the corresponding period last year.
While orders are coming in at a
good rate for Spring fill-ins and
Summer merchandise, consider
able delay Is reported In obtaining
stock with which to fillthen.
Retail collections have slack
ened slightly since Easter. but
wholesalers are still ahead of last
years level.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Detroit Produce

APPLIES Michigan bu. crates az irct
minimum Delicious. 81 tg1 On, McfnI1sh
conm,. i5e; stsrk,. 81. steele REDS, 81 81
80. "a inch minimum. ki.io0 /. az
common storst. 'toea. ordinary quality
AsPXRAGus California pyramid crate,
dos punches. fancy. 25a71b. extra
fancy. " 1913; select. k3G3.75. sstrs
select. swan loose STOCK. medium size
~ 80: fss 81 Is: poorer low as 81; Wash
ti.75; 3o.lb crates No. /. s3.35 South
Carolina pyr. Gates dox bchs. sstra
Colossal. " zss so; extra fsneJ. % 1,
AvocADos - California Fats iz,.7.s
81 50 . ! 50; fair quality. ti.75q 10.
sEASs-fle.tas st- han Per, BesHtitgls
s3.7s; Black Valentines. $500; Wax,
BEETs OF condition r.xs. y ers," a,
BaoccoLI- Pony crate. ASA bupeh.,
cslifornia, saasso' Texas Hoo0s
cABsAGE- Ii, ANGIE. GRAFT. Round
type. georgia "a. IS; Alsbsns, ordinary q
t.ir quality -.i7sa7.2s; georgia IA bu.
'c"spRsfofs To. .us.l. crate, . 40,
c o.dI t:2,3:so' Texas dor' n7'
f 9.yt d.oys. 81 . sssy '''' las and
CELERY rs.inch crate. trimmed top.
Pascal = dor. Sal sn. . DOR s2.So
Golden Heart :. 70 Az. 3 isg73S poorer
So aos'. 81 % S'' ~ o0'
LErrrcE-Lo. angeles crates ieeesrt
typ.. Ari.on. Phoenix 90, ,s9. . 40,
'sSu. p. = ,si sS ss " ss. 81:
4 50. salinas 5 dor s. 23as7s
LEAF LETTiicE-H othouss io-Ih. has.
kei. Ohio and niehissn. $50
.ae Ss'1 Misn.so,. AZ Inch n,si@ 2 SO
GIso Michigan 10 per cent 7-inch and
larger. 81 i0I as; fsisr condition. s0o . %
- per cen; finch .ns trzsr. 7easS
oSioS SITS ~ n. sack. Ii'a,a. vel
lo~, r.o9iso. white. si.5ssiso.
upi.s, o,n.rwls. stated. Idaho Russo, Bur
eanh.. ti..s io.le .sss. lsgaie' var,
81 50. 18Th SACKS. Is 77e Wisconsin,
S 5ssS's cse,.. 20 si.s.a 90 an
bl,rs, sisoai.Tb. ssbrssss wyg.4ns 81
s Y . r s::s.a ir,snph, esSp.vs.
E.ioal 20: Green Mountains, 81. ,oI !. tsi
ism. sacks. 13h o 25e. New stock Flor.
ids hu. crates u. = No. ! rriunpns' 81 Is
sack. L. S. No / washed Triumph,. 81 IS
ai4o: f.ir color sl7s: 3o.lb. sacks z, 2.
80. California Ions Whites washed
is go w i9rs s, 80. few ]. 90 sc '' so
2 siIe. 81 T51i ~.
NEUTRALITY-SUSPICIOUS. bbls 20 dor.
punches. 800,
SPINACH Blu. nssktt' savoy typ
Missouri. 81
STRAWBERRIES - Louisisns - n
crate. Klondykes. s2.7513. Aiseams ~
OF erstss Nissonsrys ~ 0Na.
.Tors- R.rsek, io-ih esrons ~;
small sizes sIsb1 %. ohio Hothouss
SID baskets mediums. ~ ioa22o.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Forbes
Breath-tskine
Tax Collections;
&c Farms Orders
by b. c. FORBES

Taxes placed on automobiles
amount annually 10 moro than
all the money car manufacturers
receive for new cars and
trucks"
When that statement was
made 10 me by ID. u. Bathrick,
general sales manager OF Pom
tiac. l. was dumbfounded,
couldn't believe II. But he dug
up the actual figures--for 1898,
the latest year for which COM
plete tax figures are available.
The total value OF all vehicles
manufactured was 81 ACC, DOC. 900.
while taxes reached 81 ,529.3l2.-
125. Here Is a breakdown OF
the staggering tax payments:
State registration fees. $405,-
246, 900: state gas tax. S766.853. j.
600: federal excise tax,
s2S5.2l3,125 personal property.
city and county taxes. S72. 000. 900.
That. note, was three years
ago. How far tax imposts will
skyrocket this year cannot be
estimated.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Ward Earnings
Drop Forecast

CHICAGO. April 20. - First
quarter earnings of Montgomery
Ward & Co. Inc. were estimated
considerably below last years
figure by Sewell L. Avery. prcsi.
dent and chairman. Al the annual
stockholders meeting.
In the three months ended April
30. 1910. the reported profit figure
was equal 10 So cents a share on
the common stock, while the per
share profit would have been 70
cents a share II the quarter had
carried It's full share Of last years
axes. Avery explained.
y Reasons given for the expected
decline In earnings for the first
quarter this year were higher op-
Grating costs. a smaller merchsn-
dising profit on sales. higher sales
promotion expenses. an increase in
tho provision for bad debts and. in
particular. the effect Of the COM
psny's labor troubles on the West
Coast
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Silver lininq

Despite the voluntary curtail.
ment Of 1912 production by
100000 cars. Mr.. Bathrick
talks thus reassuringly:
although automobile business
In 1912 will be lower than 1871,
II will be q good year still: In
fact. one Of the best. Curtailed
production will mean better de-
mand for used cars"
Talking of taxes. federal
treasury bureaucrats exhibit
pitiable resourcefulness in find
ing ways to collect the additional
50. SOC, 100000 aimed at by the
government. Their major rec
ommendation simply Is 10 twiA
the screws still tighter on all
middle-class income taxpayers.
Plus nuisance taxes.
The only class who seem
likely to enjoy more income this
year is well-paid labor. Wage
increases insure that far more
employees than ever before will
earn from $1,000 10 $1,000. But
as now planned, such earners
will escape either entirely or
very lightly. Yet here IL a
potentially fertile field for en-
rolling new tax contributors.
All business will be saddled
with heavier burdens. Already
some companies are setting aside
extra amounts 10 take care OF
prospective increased levies How
many individuals are exercising
similar foresight?
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Urge Heavy Taxes

Now. however. comes The war
\ game. and the government lead
ers themselves have 10 bid for
all sorts Of goods, including capt.
tai. Thus they propose new and
more specific remedies.
Some prescTi be additional
heavy taxes.
Some prescribe selling US
more government bonds.
Some propose price-fixing.
None OF these belated at
temps 10 deal with symptoms
Will work. II they apply all
these remedies 10 US. II will
amount to the original attempt
TO hold our imitation in check by
keeping us depressed. II will
amount 10 killing the demand
for goods by taking away our
purchasing power. and killing
the supply by making IL un-
profitable 10 produce
Is that the way 10 speed up
the arsenal Of democracy?
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Irregular Trend
Rules Initial
Stock Deals

NEW YORK. April 20. - The
stock market showed an irregular
trend at the opening today, fol-
lowing yesterdays late selloff.
Trading was at a slow pace.
United States Steel lost y as
Bethlehem and Republic held at
previous closing prices.
In the motors, Chrysler gained
u. while GIN dropped a like
amount. Packard was firm.
Minor losses were incurred by
New York Central. General Foods,
TIT and National Biscuit. Curtiss.
Wright was better in the aviation
group.
A host OF unchanged issues
ncluded Montgomery Ward,
Southern Pacific, Eastman and
American Tobacco r
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
.GoodCod|SuppIy
At Great Lakes

Great Lakes Steel Company has
only slightly curtailed production
because OF the soft coal stoppage
which has cut the output of Chi
cago area mills as much as IL per
cent. a company spokesman said
today.
lie said the Great Lakes COM
pany is not faced with an acute
or immediate shortage but was
conserving fuel in fear of later
lack OF soft coal. All orders are
being filled as scheduled. he said
In both Gary, Ind. and Joliet
H.. mills are operating below
capacity despite heavy defense
demands. Only eight OF IL blast
furnaces are operating in one
South Chicago steel plant.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Bomb Victim S
Rites Arranged

BATTLE CREEK, April 26.-
Funeral services for Hiram Cole.
man, II, who died in Community
Hospital from injuries he received
when a homemade bomb exploded
prematurely. will be held at 2:30
p. m. tomorrow In the First Pres.
byterisn Church.
The high school youth, a chem.
istry student. had completed max.
ing the explosive and was tampine
it into q lead pipe when It ax-
ploded, tearing away his right
arm. a portion OF his thigh and
driving particles Of lead into his
brain.o He was alone In the base
ment of his home when the OK.
plosion occurred.
He was found by q ehufn, David
Bruce Boaier of 456 Northeast
Capital avenue, who had left tho
basement just before the blast.
The boy died shortly after he wae
admitted to the hospital.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Proposed Remedies

These are The four rules for
fighting imitation by prevention.
But few people who talk
about the subject now propose
anything like prevention. The
Tact is that the disease is well
established. and now affects our
whole economic life. 1t must
run its course and burn itself
out.
You see. for 10 years or more
we have been overspendlnr and
INNING up bigger debts. We are
III at 1t. Today. we are con-
'nuously violating all four Of
he above rules for preventing
initiation.
Now come those who are
csDonsihle for this condition.
and sS. We must stop in1a-
'ionl We must prevent prices
from rising
What remedies" do they pro-
pose7
Thus Tar. they have chiefly
relied upon keeping us. the pa
tlent, so depressed that we have
not felt like doing much. and
so have not used inflated credit
10 bid for goods.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Out Of, Retirement

George A. Mohlman Of Pack
age Machinery Company states
that the older man Is being re.
discovered and sought after.
Men OF so, 10 and even 80 are
being called from retirement.
Proper value Is once again being
placed upon training and long
experience. upon ability 10 meet
emergencies and responsibilities.
Even where production ability
has gone. the men are still of
great importance for training
purposes.
Prediction: Six months from
now we will be hearing less
about unemployment than about
scarcity OF qualified workers.
Another prediction: Strikes
will abate-either voluntarily or
through legislation with teeth
in IL.
Copyright isG. BY = c. Forbes
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Metal Markets

New York and wholesale ponssrrous
meta quotations supplied by Federated
~, Ma noua s. D.f Ssrs ssa p y; ss.
IN si.s7n: lake srads copper, delivered
ESQ; sast'nr copper, as; ~ Louis lead.
mony. ~ virgin aluminium. II.
Tn and zinc moderate. Lead active
Henderson states no contract entered into
afer Arril 25 At prices exceeding the mi
lowing suggested schedule will receive spe-
eisl confederation In event official maximum
prices set; Primary producers copper Al
l2.00; smelters. 1880; casting, i7.75;
s5-s-5.s insot. - 90. with other insots Al
usual dinerentisi Export. II 90: resale
nominal 1880. Free sterling exchange.
NEW YORK. April as.-currsnt sus.
eested maximum prices for various selling
sections OF the copper Industry, made by
federal price adminisiratnf- Leon Hsaasf.
son. and the decision 10 allow the Ia.
lem in ultimately attaining a one prics
market at IL cents q pound, Connecticu,
Valley was well received.
Price situations suggested were senerafi,
IN line with currently prevailing markets
Thus. leading primary producers continued
to allocate at IL cents q pound. whil,
custom srneiter interests were not nakini
any offerings. II WAS presumed ths
their prics held unchanged At i2H cent
pound.
In the outside copper market, dealer,
afain rsfrsined from naming any quo
tasion, but u was the opinion IN reiiAbl.
sources that dealer interests would eonnpi,
with the maximum price levels.
Export copper market was quiet At II
cents pound. fat New York quoted b.
custom srneltsr sources for FOREIGN metal
while some sales were reported IN for.
eirn primary producing quarters At 4,
cents q pound. fs.s. New York.
Demand for lead Again was said to h,
lsrse source bsins carried aver ir,o nsx,
week. Price was steady at SIS 20 500
cents mound. New York. and 8. 10 cents
e. Louis
Available supply NJ zinc continues IA ID
sources at f.25 cents 4 pound. East 81.
Louis.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Labor Problems

At least 10 the extent OF COM
mon stock commitments, finan-
cial institutions should only
assure policyholders their pro
rata share in the f1uctusting
worth Of the assets. rather than
guaranteed principal sums. At
present. the companies guarantee
against n shrinkage In principal
In their fixed loan and ca1h sur
render values. and in their guar
antce Of fixed sums when the
policy natures through death or
through fulfllmcnt of an endow-
ment contract.
Sidney Hillman. co-director of
the office Of production manage
ment in charge OF labor. when !
recently called at his Office. told
me that there were other cur
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26

uP-jolis.. $40 p m. Friday; r. r.
Richardson a.30. Parks cleared 3.t0
Morssn j.. sos; u. W Smith, $50;
Dearborn Crystal arrived. 8; south Psrs
rived. 7s5: Galloway, a. Refs. Bros
$40. 9. =. Cement. f0;25: Moran. 10 80
fstss, 1U:Fn' CorsTIa arrived. i6:E5; Mssd
arrived. 1883. Collins. II: suitana. II 80:
l. c. Hsnna. Redfern arrived. 1850 q. m.
1880; MeAlpine. I; steinbrenner cleared.
go; Ashcroft. 1913: Pioneer, 2:2o; y. NJ
Welr. Lake chelan arrived, 1850: J, C.
willism' $40; walters. t;75; Lake
chelsn cleared $3.50; HaFsr,y. s:ss; Mac
y. l.. Ford. Fleetwood arrived. 7:15; Cslu.
met, 100. issiin arrived, 7:t5; simvollts
powN--odsnsh. $50 p m. Friday
s.rrns $50 p p,a., Ts ss, woosru S
Mitchell. $50; Hy Rogers. s:is Lsurhlin.
$40; Norway. s:2s; Malstoa. 7:20; South
PARK cleared. 4; Colonel. o; L. c. Smith.
sIe; !; C: Miner. s:as: kuls,. $50 30.
". T.. KING. windsoliis. 1925; Frantr.
1925; y. Davidson. 10.5 ron ar
rived. sonons arrived. II. osbor ii:0s;
shsrwin. ii:7o: Donnsiiy arrive. ii:to;
m.n.ia:in; FAR, It's; i.sps"ins a aias.
Anal l;o5; Pam Schneider. $40: Den.
mark. $40: hlrooen cleared. 5;th. Coralia
cleared, 5;25. Huron cleared. 535: Don.
prtiy cfssrtd. $40; Edmonton cleared.
IS: Aipens arrived $40: Minch, $40.
Bsrislns. s:t5 Tremsins cleared. ITO:
cygnns. 100. J. A. Holloway, 1880.
J. A Holloway. 7:30; sonoma cleared,
sos. smith Thompson. $50.
AuLT STE. MARIE
Up Lebanon. $50 a. m. Friday: Saturn.
- ar.
ssline. $50: We.tmoun,, j. p. Reis,. 10.
huronic. II go: psrsny, noon; Mstsafs.
Hathed. W. n. Bonner. 80 p. m; Nc
cellougn Jr. 2; Jos. Wood. 1;5o; Acadia
Pontiac, (; Juds. Ham, s.; Llndabury.
) .aseii Butler Fairh.irn. --snnealoa.
widsntr saracen. Bethisben. 100: osl-
lathtr. Eonofs, 8. y. p. Clement, .: Le-
rnoyns. $50; Saunders Jr. oen. Poe.
Pollock. Cambria. nidnish,: hthsrias..
q Ericsson, Hoiisy. 1880: Capt. Wilson.
Ferris. =; Farrell. $50; sam Morse, 8:
Jenkins, !: Townsend. n. n. Brown. 1880
DoWS-i..opoid. $50 a. m. FRIDAY;
Eliwood. wolvin. 30 40; Msrtueritt W,
Mere H.. Humphrey. II $50; Paul Mar.
auetts. noon; Heekin. o. m. g. wat
lace 2; Lawrsndoc. Munson. Mexoil. 1880;
Cadillac. $50: c. A. Rsiss, 3; Fottwildoec
Morrer. windoc. $50; stanton. 10; Bsr.
vsy. 10 80; Nsthswston. II; Henry Ford,
II 30: Capt. C D. seeord. midnight; Reed.
Prinooc Acsdishte. 2 =. m. Saturday; A
2. Cornelius. Norco. 2;3o: Riverton, ".
s,sslton. Ho.ford, 4; Judge Kenssek. $40
Cetus. Norton, 3: Frontsnac, 80. New
York News. a: Sam Matner. 7.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Kresge's Sales
Ahead Of 1910

Sales of the S. s. Kresge Com.
pany in 1871 to date are running
more than 7 per cent above the
record levels set last year. but the
new taxes being considered will
weigh more heavily upon us than
ever" r. r. Williams. president
informed stockholders at the an
nual meeting.
A retirement pension plan for
employees. proposed by the man.
agement. was ratified by the stock
holders. Designed to supplement
the benefits OF the Federal Social
Security Act. the program will be
underwritten by the John Han.
cock Mutual Life Insurance Com
pany. Approximately 2.400 United
States employees. including officers,
are eligible to participate. Provi-
sions are made for retirement in
come at the age of SO for men and
so for women. Assuming full par
ticipation from the first of the
year 194l. the cost TO the company
would be about S350.000. Service
cost up to January /, last. is ap-
proxinlstely S2.950.000, which the
company will amortize over a six.
year period.
Kresge's experience has been
that the stores which IL has mod.
ernlzed are returning the best
sales and profits, and therefore the
modernization program will con-
tinue through 1871 at about the
1910 rate. Williams said.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Injured by Drugs

Thus. there arc two ways to
fight imitation. One is TO prevent
II. The other is to take medi-
cine. which does no good and
may do harm. Once we have
the disease OF imitation. we must
either let IL take It's course. or
we injure our system by taking
drugs. The cure" may be worse
than the disease.
First, then. consider how in.
flation may be prevented. ~
Prevention requires that money
and credit expansion be strictly
limited 10 the requirements OF
actual production and consunp-
ton at current prices. ~ II
also requires that they be lin
Tilted 10 a safe relation tn cash
reserves. ~ II initiation is TO
he avoided, there must be no
borrowing beyond reasonable
certainty OF repayment. t4 Cur
rency issues must be restricted
10 sums which will not cause
doubt As to the future value of
the monetary unit.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Do Useful Job

Hillman further declared that
In his Judgment the defense me-
dla,ion board was equipped TO
do a useful job. and he indicated
that he now believed that II
should have been ORGANIZED
somewhat earlier.
As for the strikes, Tlillmsn in
sisted thFt those which really
retarded the defense movement
were few and far between. and
that labor and management had.
by and large. made a strenu-
Gus effort 10 compose their
differences in the interest OF
patriotism.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Vocational School
Asks Federal Aid

BATTLE CREEK. April 20
Public School Supt. Eldon c.
Geyer today revealed he had asked
the federal government to provide
equipment for a machine shop in
the vocational school in which ma
ticnel defense classes are held.
Gcyer said he had visited the
ROCK Island. H.. arsenal where
~crs derab'e equipment Is stored.
This euuirnent IL now being
mFde av9i,able to defense indus
tr'es and schools providing ma
chime shop instruction In the de-
tense program. The local applics-
ton has been approved by the
state board of control for voca.
tional education.
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Musicians 10 Aid
Custer Services

FORT CUSTER. April 26.--Bat.
tie Creek and Kalamazoo must.
clans will appear tomorrow at
religious services scheduled At
numerous recreational buildings
throughout the military reserva.
ton.
Miss Phyllis Farr, Earl Kretser
and a women's trio. all from Bat.
tie Creek. and James II. John.
stone Of Kalamazoo are scheduled
for various services.
Miss Farr will sing at the serv.
ices for special troops beginning
al 10 q. m. In building 1923.
Kretser is also scheduled TO sing
at this service, which is held
under the direction Of Chaplain
Ralph NJ. Dean.
tombstone will play mandolin
numbers for the End Infantry In
building 1927 at 10 q. m. A
women's trio from Battle Creek
will sing, while Or. Edward Mar.
selink Of the Christian Reformed
Church OF Grand Rapids will de.
liver the sermon.
tombstone will appear at 9 q. m.
before members Of the 10th In.
fantry during services In building
2131 and at the Hospital chapel
at the 10 y. m. services. Johnsfone
is well known to soldiers who were
quartered here during the World
War. having played then at many
of the entertainments for the
tr00ps
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Churchill 10 Speak
On Radio Tomorrow

LONDON. April rs. - 1NS) -
Minister Winston Churchill will
deliver radio address tomorrow
night at 9 p. m. q p. m. Detroi,
time). The premier is expected
TO give a report on the progress
Of the war, with special reference
to the struggle in the Balkans and
The Mediterranean zone generally
as well as the Battle of the At.
lantic."
The MIC and CHS announced
they will carry Churchilrs
speech over their networks In
the United States.)
Detroit evening times. (Detroit, Mich) 1921-1958, 1941-04-26
Outlines Rules
For Fighting
Initiation
BY LEWIS HANEY

Professor Of Economics, N. Y. UnIversit
From many quarters on q
hears the statement that "infia-
ton or the "spiralling Of prices"
must be prevented. II has al
most become refrain such as
"curfew shall not ring tonight"
My studies lead me to the con-
clusion that much OF this appar.
ent dread Of imitation Is now un-
founded. Furthermore. l believe
that some OF those who attack
imitation. do so for the purpose
Of overthrowing our system of
political and economic democ-
racy.
The gist Of my reasoning Is
that to start imitation Is bad:
but that once imitation has been
started II should be allowed 10
work itself out. II is much like
a disease--say the common cold.
Nobody should want IL. Once Il
gets hold OF the system. how
ever, the best thing is to 20 TO
bed.