The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1941-08-27
MEMBER MICHIGAN
LEAGUE OF HOME DAILIEs
National Advertising Representative
Scheerer and Co.
ais Lexington Ave. New York
IS z. wacker Drive. Chicago
" LD4N LOIJhI = = 2 U z . ~
BUYING RESTRICTIONS

~ INV nG = NiS lSlN0
AS the new buying restrictions
10 into effect there will be com
plant and criticism from some
merchants as well as purchasers,
but the net result will be benefit
for everybody. The new limita-
tons will help 10 prevent the
kind OF credit initiation which fol-
lowed the last war. They will
also help to place business in
general on a more secure footing.
For the comparatively few sly
and crafty buyers the new ruling
will be annoying. They will no
longer be able to have a new stove,
radio, refrigerator or new furni-
lure delivered upon very small
Town payment with the idea OF
using It as long as possible before
4 In reclaimed.
Through laxness on the part Of
some merchants, II has been pos
sibls to buy household furnishings
on a big scale for very small pay
ments and have the use OF such
merchandise a long time at very
little cost. When one set OF fur
niture Is reclaimed the crafty
buyer goes to other stores and re-
peets the process. For families
frequently changing their place of
residence this plan worked out
pretty well. It was cheaper than
moving to have new furniture and
let It be reclaimed. then buy new
again In the next town.
The new restrictions will become
effective September you
have something in mind that you
want to buy on a very small down
payment and you know where you
can buy II that way, you have only
a limited time 10 close the deal.
The general plan after September
first will be twenty per cent down
and eighteen months 10 pay. Terms
will vary on different kinds of
merchandise, but in most cases
they will be within the reach of
thrifty people aud will help to
bar the occasional buyer who en-
Joys tricks.
The question that arises In the
minds OF some decentralization
merchants who feel that the gov
eminent has been against them, In
why this sudden change in their
behalf? And doubt on this point
leads to questions as TO how much
further this idea OF government
regulation in business is likely to
20.
7he answer is quite likely TO be
that regulation will continue with
increasing severity as the war
progresses. We are fighting a die
tator. He has all the lines in
hand for most practical guidance
Of his warriors. The tendency is
to adopt a similar course in Eng
land and in the United States for
the sake OF quick action and ef-
ficiency. Our new ally. Russia. is
of course, already we'll organized
on the dictator basis
Regarding further what we may
expect. the federal reserve board
chairman, Mariner S. Eccles
states that The public should be
fully aware that the regulations are
subject to change......as economic
conditions require a further damp
eping of buying power In order to
safeguard the interests OF con-
sumers and the public generally.
In a word. the purpose is to damp
en- demand, not 10 diminish produc-
ton"
American industry cannot, be-
yond q point. turn out more goods
for the public and at the same
time increase production for de-
Tense. he said. adding that impera-
tive defense needs must take prece-
dence over civilian demands. The
argument is entirely logical and
the new regulations will be OF
material aid. provided, however.
that they are not carried 10 such
extremes that production is
curtailed and labor consequently
reduced.
-O----