Milford chronicle., 1946-04-12

can always continue W UOllO" Oll
t,re as we keep "a lid on prices II we do'
we only defer the day of reckoning, and make
# immensely more difficult ultimately 10
clean house. .e
Our first and major problem is therefore
orr "money." While it is no doubt true that
there are millions of us who have "caSn
burning in our pockets or IN banks 10 oe
drawn out to buy goods ana services, t Cllt
problem of our money is how we Shall geC
# in the future and what it will be worth IN
buying power ha,
Since the federal budget was last bal
anced in 1890, we have borrowed unprece-
dented billions of dollars against our future
production. This we shall have to pay 1or
by work.
1t is of little consequence whether we
owe it to ourselves" or cove 1t to others
1t has to be paid.
The interest alone on this debt is now
around billion dollars a year, OF more than
our entire federal expenditures in such pros
porous years of peace as, for instance, the
Nineteen Twenties
There is also the problem of paying back
by production the principal of the loan.
We should find ourselves thinking twice
before increasing our federal debt, because
every increase means both greater DEBT
and a greater interest charge.
S~s%~
ONE OF THE MIRACLES of wartime
science has been seen in the development or
radar. This wonderful device played a very
great part in the victory of the Allies One
speaker notes how it gave the Allies the pow
er to see an airplane rise 100 miles away, 10
distinguish a coast line through the thlckeSt
fog, and on the darkest night to count the
ships in a convoy, and distinguish between
carrier and a cruiser.
Thus the mysterious power OF THIS lnstfu-
ment played great part IN beating the SUD
marine menace, which was a very essential
part of I1itler'S plans of conquest. Inc NazlS
thought they had the Allies all seWed up, as
thew dreamed that their submarines cOuld
keep American ships from delivering suttl-
cient supplies and men to turn the tide OF
battle. The radar stealing through the dark
detected these providers, and opened up the
way to make successful attacks on them.
The recent success of our scientists III
making contact with the moon by radar is
also one of the modern marvelS. 1t seems a
miracle that impulses could be sent out from
the earth and cover the more than 2;'8,00C
miles between the earth and the moon, ano
echo back to the earth.
The possibilities of such inventor
seem boundless. Some people imagine that l
may eventually be possible for people II
cross the vast spaces between planets, anC
travel to these far distant heavenly bodies
The development of this wonderful de
vice was one thing that Mr.. Hitler did no
figure on when he started his war of con
quest. He had the men and the equlpmen
and the U-bOatS to make what seemed for tn
raoment successful attack but he had fai
ed to reckon on various things, among ther
the wonderful power of American and allie
science to cope with his dOngs.
THE AMERICAN HOUSEWIFE is one
the ShreWdeSt purchasing agents on cart
manufacturer under constant Olo
sure to give her greater values, to induce n
to purchase his goods over those of his cor
petitOrS. Only by giving constant low
prices can he obtain her approval to rema
in business. Historically, we have never &C
ten runaway prices on Il rising productlo
Such runaway of prices cannot be expect
unless the government runs the presses tn
print money. Runaway prices always resi-
in ScarcitieS. 1t is the ScarlteS created
OPA to which the manufacturers Obje
Price control should be returned to the Anne
ican housewife. The ceilings that the hou'
wife sets, everyone IN industry and agrlc
ture must set. Her price discretion is
more to be trusted than that of the den
gogucs, crystal-gazers, slider rule eXpe
and bureaucratS.
THE TIME which it takes to build III
successful business depends a good deal
the methods which a concern adopts to
attention and induce people to give it
patronage.
If it calls attention by advertising to
service it renders, if it describes the go
and services that it offers, if it quotes pri
and gives people an idea of what the pu
is buying and what people usually want,
+ time it will take to build up that busl
can be greatly shortened The newspaper
j. talks to hundreds or thousands of PEI
i while the salesman is talking to one 0
few. SO the process of attracting atten
is and obtaining a wide reputation is redu
and success comes sooner.