Montana oil and mining journal., 1942-12-12

''Your sociaIistic ideas that the profit
system in America is doomed, that the
corporation plan of financing the develop
ment Of natural resources Is ended-aI that
was answered by the recent election re-
turns" writes a reader Of this column who
is, in fact, an oil producer.
"You seem to think that the public is not
aware Of the results of the New Deal plans.
Then how can you account for the fact that
Senator Murray, a very popular and eff
cient democrat, was nearly defeated by
Wellington Rankin, whose popularity is not
great enough to elect him TO any office. He
came within slightly over a thousand votes
Of beating Murray. Those votes for Rankin
were anti-New Deal etc. etc. +"
We recently pointed out that public fl
nancing would return to America only with
the herds of bison on the central plains:
that oil operators who are patriotic enough
to want to drill more wells in order to pro-
vide motor fuel for the United States army
had best look to the government for money
with which to drill This suggestion brought
a storm of protest from far and near One
correspondent told us that large Indepen-
dents in the midcontinent have declared
that they will stack their tools and, if need
be- shut down their wells If they cannot
continue to operate under the American
system of doing business and that they
would refuse all subsidies They want of
course, an increase in the price of Oil
which Leon Henderson will not grant-even
if American tanks and planes are without
fuel. Since he will make no concession, it
is up to someone else to make the conces-
sion, and the O'Ndahoney plan of pro-
Uding a subsidy for the oil industry, re-
warding those who bring in new supplies Of
oil, is the only approved "out" provided.
Let none be so stupid as to assume that
the social gains" of the past decade are
going to be wiped out Those gains have
been established and they are here to stay,
in one form or another
We wish to again urge all of our mem
bers to purchase and carefully read Presi-
dent Roosevelt's two books No successful
business man can afford to be without the
guidance of the plans which were made in
1882 and which in 1912 are a long way to-
ward realization
The first book was "Govenment-Not
Politics" printed by Strathford Press, Inc,
New York
The second book was "On Our Way"
published by The John Day Co.. New York.
They are far better reading today than
they we're back in 1882 and 1884 when they
were published.
No matter what the recent vote showed,
there will be no change in these policies
which are so deeply imbedded into our
system of business, government and edu-
cation that it would take not one decade
but several decades to retreat from them.
This administration will not change its at
itude, and the administration could not be
changed in personnel before 1914, If then.
This administration will not lose face"
Roosevelt in an article in his first
,ook reprinted from Liberty, summed up
his attitude attributed to a former admin
stration:
THE Chinaman would rather lose life
han lose face Dominated by the same
pirit, the federal administration vainly en-
eavors to make unworkable plans work,
merely to salvage its pride"
What is true of one administration is true
another and as true of the New Deal as
was of the old line Republicans.
The New Deal will not back down on its
olicies. There will be no public financing
etween now and 1914, in any event. If oil
ellis are to be drilled by Independents in
Iontana it will be with either
/. Money advanced by the refiners or