The people's voice. [volume] (Helena, Mont.) 1939-1969, 1945-12-14
Jobs or Breadlines?
By WALLACE E. SMITH
In Action for Human Welfare

Z In Action for Human Welfare
Recent figures released by the Federal Reserve Board
startling to those of who didn't expect them But to those
of who did, it's the old story.
refer course disclosure that of all the wartime
savings which have accumulated during the past four
here America only cent in the hands of
the lower onehid Of population Such disclosure should
in all fairness knock the sds out from under the ree enter
prise boys for good But from where SIT looks like they'll
be doing business right back the same old stand
For many months the boys for the American
Way of Life have been drumming into brains the fact
that American business can look forward to years of
denied prosperity after the officially declared ended
ie when all restraints have been lifted by the government
This is they because the public which has been boarding
it's easycome wages going spending spree that
will make history
WE'LL will make history all right because the
American public is going spending spree Instead the
Big Business magnates due for rude awakening The
lower onehird of population which most in need of the
products of business M consumer goods such refger
atos on washers and various other electric household
piance has but cent of the savings in banks
Obviously people who have only six cent of the savings
going to buy only of the goods One
and one still make two.
The next onethrd of population the socalled back
per of the available cash They will account for possibly
II cent of the goods to be placed the market
Who then is going to buy the products of American bust
ness? Surely the upper onehird of people, who have
aeged accumulated n cent of wartime savings not
going PUNK this money down for goods Most
of these people already well situated with regard to house
hold goods Their money instead will for uxuries and
gedged investments So would that business is in
for surprise In fact business heads and of
economists are already shaking their heads over
this amentabe disclosure by government agency After all
why
have to come along and spoil everything?
For those who may look foreign trade "way
out OF this difficulty let's remind ourselves of certain survey
made back in the Deep dark days of 1884 refer to the
Peek Report made at the request of President Roosevelt
The report which covered foreign trade from 1896
1884 and was supposed to show America the black side
of the ledger showed instead that the foreign
trade of this country during those Melted deficit of
% billion dollars The report needless say light
of day the general public now
in deep dark of Washington remembered
only by those who from time time foreign
Here are some more important findings, by other
than that most scientific of all American scientists Charles
Steinmetz In 1882 said he, and | quote:
Machines dsplacng fast that if industry
went back the peak of its operations in 1929 only 55
be re-employed." Unquote. No comment necessary
America according to the findings Of his research bureau
had reached the peak of its employment 1919 and had
losing ground ever since No revival OF old industries or IN
venon of the continued possibly check
the rising tide of unemployment And yet thirteen
later hear the old Just let business alone
throw off the wartime restraints and BUSINESS WILL DO
THE JOB Nonsense!
Mennnge chief of the War Departments psychatric
division told the committee which considering the
Full Employment bill that unemployment during the last de-
preston was major reason why 100000 men We're dis
charged from the Army for mental and troubles He
revealed that 43 cent of the Amy medical discharges
being made because of pychatrc troubles And that
80 per cent of the Army approximately million men
suffering from type of personality disorderdue to
the depression although he failed say many
Henry Wallace sixty million jobs for Americans
under the leadership of Big Business And the Bureau of
Agricutural by $780, year
Wallace claims will have peak employment would
national income at the $50 billion dollar level This
would provide plenty those who have lived semarved
condition during the past eighty Deep South And
also, according to BAE the citizen of this country
will eat 10 cent beef 43 cent pork 40
chickens, IL eggs "a per
us fruit and SO cent canned vegetables than he
tie in 1885. boon for agriculture!
This wonderful picture bangle in front of Americans
who have just of four of bitter costly
with its accompanying ratonng and shortages
BUT when another the War Manpower
Commission turns right around and tells that expect
American industry to provide work for only 1872 millions of G
American workers during the next five and that
68 millions will be unemployed and probably what
happens to future? w
Government economists and agencies need oordinatng at
to piece together the varying statistics they release
he American people entitled to know what's store for Ii
$50: sixty million jobs, or breadines? g
nlierae who the condition