The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1941-06-26

Released by Western Newspaper Union.l
WE SHALL BECOME
WORLDS FINANCIERS
ENGLAND WAS the greatest of
the creditor nations for generations,
in fact, for centuries. To maintain
that plan, England was forced to
finance debtor nations. She did 1t
by supplying the funds for develop
ment of those nations. She devel-
oped their resources, she built
railroads, she provided shipping ia
cilities. Large quantities of English
money were invested in many coun-
tries of the world. Such funds were
provided not so much by the Eng
lish government, as by the English
people as individuals, with the gov
eminent back of them to minimize
their chance of loss.
That will be Americas job when
the present world conflict is over.
1t was our job after the close of
World War No. /, but we did not do
it effectively. We did not know how.
1t is a problem our financial leaders
must study now if America is to
achieve that world dominance which
is her destiny.
SOUND ADVICE
The AMERICAN BANKERS
magazine says every man or cor
poration or Institution that in any
way depends upon public patronage
for support should never permit any
issue of its hometown newspaper to
go to press without containing
mention of his or it's name and bust
ness. To that it adds:
'The man who does not advertise
his business does an injustice to
himself and his town.
"The man who insists on sharing
the business that comes to town, but
refuses to advertise his own, is not
a valuable addition to any town.
''The life and snap of town de-
pend upon wide-awake, liberal
advertising men,"
The wise business man will follow
the advice of the Bankers magazine.
DIVIDE-AND GET
FIFTY CENTS A YEAR
A WOMAN CLERK in one of the
retail stores rides the same suburban
train I take each morning. She is
married and every day tells me of
the small wages, SIS week, her
husband receives, all because others
are paid such unwarranted salaries,
from $25, 900 to as much as $780, 900
a year. I became rather "fed up"
on her daily complaint and looked
up a few figures.
''How much do you think your
husband should be paid?" asked.
''He could have at least 500
week if they would divide up the
unwarranted salaries paid in this
country" she said.
Would you place the limit at say
$4,000 a year," I inquired.
"That would be too low" she re-
piled. MANY people are worth
more than that.
Then pulled out my figures.
''Do you know" asked, "that If
all salaries of more than $4,000
year were divided between peo-
pie of the United States it would
mean less than SO cents for each
one of us each year,"
She refused to believe it, though
it is true, but I have heard nothing
more about the salary her husband
is entitled to.
is THIS DEMOCRACY
A CONTRACT the c. I. o. was de-
manding one of the big aviation
plants must sign, or else, provides
that the company cannot discharge
any member of the union because
he is communist; it must pay a
maximum wage scale of $1.15 an
hour; compel all employees to join
the union; collect all initiation fees,
dues and fines for the union; pay
for time off for sickness; grant two
week vacations with full pay; pay
any member of the union the diff
ference between his earnings as an
employee and his pay as soldier
during his period of CONSUMPTION.
That plant is working exclusively
on defense orders and NLRB sup
ports the unions demands. Is
America still democracy?
M, DAY DEMAND
WE ARE NEARING that much
talked-of an Day" when all of our
man power and resources may be
modified in that "all out" conflict
which is now engulfng the world.
When it comes there will be no
question of profits, hours, or wages.
1t will settle all present difficulties
with demand for production, for
work.
SACRIFICES
UP TO THE present time, the
only Americans who have made any
real sacrifice in the cause of pre-
paredness are those who have
given up good jobs or lives of ease
to GO into the armed forces of the
nation for a wage of $21 a month,
and the families of those men.
BLESSINGS HERE
WE, AMERICANS represent one.
sixteenth of the people of all the
world. We consume and enjoy just
about SO per cent of such luxuries