The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1941-02-28

Babson Park, Fla, Feb. 2S-lt is
true that tremendous changes have
taken place during the past dozen
years. City real estate can today
be bought for 20 per cent of what t
sold for a dozen years ago. Fifty
leading stocks, which sold at $685.
in 1929, can now be bought for SIS.
New York Stock Exchange seats,
for which bankers were then
scrambling to pay 100000, can nov
be bought for around $4,000. Yet,
those economists who then fore
casted such terrific declines were
hooted as old pessimists and unde-
sirable citizens. Strange TO say,
we are being laughed at today for
suggesting that a comeback is just
as possible
On the other side OF the picture
you will find that high-grade bonds
and commodities are selling higher
than they did a dozen years ago.
In fact, a Massachusetts city re.
Gently sold 100000 notes of FIVE.
month maturity at 0.03 per cent.
This is at the rate of 12Ia cents-or
the cost of a package of cigarettes
for the use of $1,000 for five
months. A dozen years ago this
would have cost around $50 instead
of 1917 cents.
One-Third Paid In Taxes
But you say these changes affect
only well.to.do people. All right,
what about taxes? The 200 largest
corporations in this country paid
last year considerably over $4,000,
100000 in taxes. These companies
had about 100000 employees. TIL S
means a 5000 tax for each man and
woman employed. Income taxes
have not only doubled, but the
number OF people required to pay
them have greatly increased. All
OF this is in addition TO big in
creases in real estate taxes and
taxes upon everything we buy,
Nearly al the readers OF this col
umn are today paying out in taxes,
directly and indirectly. three dol
lars out OF every ten dollars they
earn.
Those who forecasted these
great tax increases were howled
down a dozen years ago. Yet, 1t IS
any more unreasonable to believe
that taxes will be much less a doz
en- years hence? So long as the
world continues to revolve around
the sun, and so long as pendulums
continue to swing. then prices, int
crest rates, real estate values, and
taxes will continue to go up, and
then down, 1t is as foolish today
to think that things are going Il
continue to grow worse as II wa'
in 1925 to think that conditions
would continue to grow better.
Don't be Hooked by Crszes
We hear a lot today about tn,
possibilities OF snythetics; this
means the manufacture OF every
thing artificially, from children {
collins. College professors tell u
that our potatoes will be grown b!
electricity. that cotton wi be pull
ed out of the air. and, instead o
bothering TO cook food, we vii
swallow a pill three times a da.
with a glass of water. Perhaps W,
Will
Statistics show that with all tn
college professors. medical experts
and dietlcians. we are lucky toda'
il we live to the three score year
and ten" which we read about :.
the Scriptures OF 1000 years age
My guess is that the next trend vii
be toward old.fashioned corn brea
and molasses, and that we will hed
less about vitamins A, B, {. ID, Z, +
G., and so on ad infinitum. w
think candles and kerosene hav
gone. but statistics show tina
more OF both OF these are bein
sold today than ever before
Educational Changes are Ahead
Let's look at the educational re,
ord: When | was a boy in Glol
eesteF. attended two'rooi
school house with a stove al on
end and an Clubhouse in the bac
yard. But we did learn how
spell, to add. sni 10 work. Nor
over. in those days our parent
we're mote interested to have u
get training than diplomas.
fact. / did not even get a diplom
when finishing my course In hig
school. Today. our children e
their so.called education in palace
with the latest heating, ventilation
and lighting equipment, to say not