Detroit evening times., 1942-07-16
Capitalism Triumphs

WAR production is months ahead of where it would
w be otherwise, mainly because the great American
free enterprises individually owned had FAITH IN
America when the Notwithstanding the pinks the
Reds and the radical crackposwere telling us that the
"capitalstic system was about TO collapse.
That was in the bad depression years of the early
1905 ||N
II was then when the radicals and the croakers and
other enemies of ndvduasc ndustrialsm were at their
loudest that the United States Steel Corporaton-as an
outstanding instance of the faith in way of life
SPENT SIN HUNDRED MILLION DOLLARS.
1t was during those years of the depression, when
stockholders getting dividends and the steel bus
ness showed HUGE NET LOSSES, that the u. S. Steel
CORPORATION boldly spent that colossal putting its
plants in tp-top condition and in adding big ultra
modern pIants-the very plants that helping us
to soar TO hgh-war production records
THE advertisement in the Hearst papers of the steel
/ corporation this almost miraculous piece of fore
sight is worth quoting. 1t says:
This plant investment was made simply ON FAITH
IN THE FUTURE OF THE. COUNTRY The United
States always had back; il would again.
"IIow fortunate for America at that this $780,
100000 invested
War production is months ahead of where il would
be otherwise.
United States Steels production this year will sur
pass the peak of 1929 by than six million TONS
Steel production this year will surpass "the peak
of 1929" BECAUSE OF THE PROFIT SYSTEM.
This system left the corporation with $600O0O000 to
expand in time of collapse and bankruptcy
The steel corporation had faith in the economic sys-
of the founding fathers and its ability to survive the
Jefemiahs of the early SOS.
And that that faith in free enterprise. profit
making system today stronger than when face
another great crisis is evidenced in the advertisement of
the Ford Motor Company which appeared in all the Hearst
papers
TNDER the caption of THERE'S GREAT DAY
~ COMING!" the statement of this vital, privately
owned industry says:
To-day we find ourselves working and fighting for
things they (the founding fathers) held dear-berty,
equality pursuit of happiness-wh their old brand
of courage, skill and teamwork.
"Never before in history have government, in
dusry the workers and fighters joined together whole
heartedly with single, determined aim
"Never before has much been accomplished in
brief period by American manufacturers and An,er
worlNnen i'm recent months
"The autOmOtive industry has set the pace i'm the
production of material with complete conversion to
work achieved swiftly that it hardly be be-
lieyed-especalIy by enemies.
AT Dearborn, at Willow Run and at thousands of
other plants throughout the land the greatest miracles of
production the world has known i'm full
swing-AN EXAMPLE OF WHAT THIS COUNTRY
CAN DO WHEN ALL IT'S PEOPLE WORK TOGETHER
TOWARD ONE GOAL"
IN THESE advertisements of two basic American free
industries there speaks the voice of ALL REAL AMER
ICANS for $50 years.
1t is the voice of the "captalstic system at its best
1t is the voice of FREE LABOR
1t is the voice of COURAGE and HOPE and FAITH
in the great task have set ourselves.
1t is the voice of the free pioneers who built the rail-
roads, cleared the forests opened the Mines built the
ships and planned the great industries of our land
Depressions and wars may and 60
There is something greater in American its indus
rialists and its laborng mcmillan all depressons and
threaten.
1t is FEARLESSNESS based on INDUSTRIAL LIB
ERI1 and the vision OF JUST REWARDS.