The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1942-04-27


and undoubtedly mean TO be so.
It is rather notorious, in fact, that
that kind Of statesmen are his
torically inclined to boss folk
around very peremptorily when
they encounter opposition.
Secretary Morgenthaus New
Dealer, of course, or he wouldn't be
holding down his present job, but
he's generally been regarded, until
lately as an individual Of the sort
addicted to MAKE other folk
agree with him. whether they real
ly DID agree or not.
Instead. he proves 10 hold the
view that voluntary agreements
the most valuable variety.
From the very nature Of his cab
met position, he wants all the
money he can get. Yet he's been.
from the first. exceptionally mod
crate in his demands for higher
taxation. lie not only needs the
cash, but he's in accord with the
theory that squeezing the public as
vigorously as it can stand will dis
courage competitive buying of
civilian STUFF. as things tighten up,
and thus will be a brake on infia-
ton, OF which all hands are so
fearful.
The Bond Campaign
Well, plus taxation, there's been
a demand for a campaign to sell
bonds, up to 10 per cent Of every
body's income. less for the sake Of
the dough than for the purpose of
tying it up so completely that
bond-buyers will have precious lit
tie left to spend for anything else.
Henry's Endorsed the bond buy
Ing proposition in principle, but
he's opposed making it compulsory.
His contention is that, over
whelmingly. the average American
is a patriotic chap, whose invest
ment will EXCEED 10 per cent. If
he can make II, provided, he's
merely APPEALED 10, but who'll
be sore if it's a matter Of compul-
sion. and, anyway. it'll stop at 10
per cent; nor will 1t be that much
If he's drained entirely dry ahead
OF it-for compulsion itself can't
make him dig up more than he's
got.
President Roosevelt Is said to
have been for compulsion, orig
inally, but to have been sold on
Henry's notion by his treasury
chiefs arguments.
It was an unexpected angle for
multi millionaire like Henry
Morgenthau to head in from. He
surprised quite a lot of his cabinet
fellow-members and senators and
representatives by doing it.
Henry isn't a bug for wage
freezing, moreover.
On that subject he's rather In a
class with William Green Of the
A. F. Of L. and Phil Murray Of the
c. l. o. Who'd have thought it, in
a treasury secretary of his ante
cedents, Bankers and financiersl
Sees Better Results
II war bond buying doesn't de-
liver the goods, on a voluntary
basis, Henry says he'll come out
for compulsion by about next July,
but he wants to give it trial, be-
cause his judgment is that it'll
yield better results, besides being
more satisfactory to the victims,
than the other method.
Taxation, it goes without saying,
viii be terrible next year.
Reader, you're aware how you
were socked last March - twice
what you were in 1871. Next March
it'll be twice as much as this years
tax. And it'll catch millions Of
people who weren't caught at that
time. Serve them right" I'll say.
as one Of the 1912 sufferers. But
believe me, itll make them boiler
Henry Morgenthau's an econ
omist-
It wasn't to have been antici-
pated Of him, bu. he has an antici-
patory vision.
He sees what's on hand now and
what's coming after the war.
Hes about the last functionary
Of the current Washington set-up