Evening star., 1942-03-29

serious problem. 1t is hard to believe.
in the light of our recent history, that
within few months great labor short
age would develop, yet that is the sit
uation ahead OF the Nation. AS more and
more men 60 into military service, as
industry strives toward that tremendous
$4,000, 100000 war production goal,
women and students will be needed in
our factories and on our farms in num-
bers we even now don't appreciate. Man
power must be used to its ultimate ability
and in its most productive place. This
may often mean hardship to individuals
and to families.
Taxes will reach into more pockets
and take more from each pocket than
ever before. 1t is estimated that $l8,-
OOO,OOO,O0O will be raised during the next
fiscal year under present tax legislation;
President Roosevelt has asked for new
legislation which will raise another
$4,000 900 OO0-a total of $4,000, 900 900.
This is four and one-half times the
amount of Federal taxes raised in the
fiscal year 1910. Even after these taxes
are paid, more money will be left in the
hands of the people than ever before
in our history.
This great residue of earnings will not
be as easily spent as in the past nor
will the individual in justice to himself
and his Nation attempt to spend it.
Rather, he will save as large a portion as
possible and invest those savings in Gov
ernment bonds.
Aids Imitation Otherwise.
This is of paramount Importance. II
he does not curtail his expenditures dur
ing this time when the national income
is the greatest in history and the goods
which may be purchased are constantly
fewer, then he will contribute directly
to imitation, which is far worse in Its
effects than any tax. On the other hand,
in buying Government bonds, he will
support the fight on the military front,
on the production front and against
imitation.
This saving will be easier-although
the individuals lot may be less happy
because of the scarcity or complete lack
of many material things which he would
like to buy Out for the duration are
new automobiles and probably tires.
Radios, many articles of household equip
ment and similar goods probably will be
"out" soon, also installment buying will
taper off under regulation, decreasing
consumer credit purchases.
A nation at war and producing for
war requires a greater amount OF the
necessities of life. Fortunately we will
have available ample supplies of food,
clothing, drugs and similar items in one
form or another, although not in the va
riety or profusion Of the past. Rationing
of some items is inevitable. Luxuries
and semi-luxuries will become scarcer
constantly.
Services to which individuals have
become accustomed also will be greatly
curtailed More limited use of trans
portation, communication and electricity
is practical certainty. Personal services
of many varieties, both in the home and
in public, will be reduced by the demand
for labor in war production.
Save Is the Watchword.
Under such conditions save" should
become the password of the Nation. Your
Federal Government is setting an ex-
ample in dispensing with non essential
expenditures. Although the so-called
"non-defense" expenditures Of Govern
ment total only one-tenth of present war
expenditures, even this comparatively
minor segment is being turned to war
effort as rapidly and as completely as
possible. When such conversion is i'm
practical activities often have been sus-
pended and as result saving Of several
hundred millions Of dollars have been
achieved.
That, then, Is the picture. The joy
ride on the Federal deficit spending has
come to an end. Business, labor, agri-
culture-every individual in the land
(See SMITH, Page B-30