Milford chronicle., 1946-08-09
IN A RECENT EDITORIAL, the Satur-

dav Evening Post discussed the war against
saving" caused by the steady decline IN re-
turn on invested capital, and the enormous
increase in taxes on earnings. In conclusion,
if said "If the war against saving is carried
much further our users of capital VIII De
driven to government lending agencies WIN
tho inevitable evils that arise when invest
ment is made, not to produce proilt, Dut 10
augment political power For the Llttie
People' the prospect would be much as the
London Sunday Times lately stated 1t: Inc
worker will face a single vast mOnopollSl
employer-the State-WhOm ne can "ei'"'i
emulate nor fight
"NJost of these evils can be avoided II the
so-called Common Man will consult his own
interest instead of letting demagogues ana
executive secretaries of leftist committees
define il for HIM If he did that, he might
even champions the right of the investor 10
his lust share of the pie, if only on the ground
that when YOU come down to earth, we are
ali investors =,
Government domination of industry, like
government ownership of industry, IS the
sure and inevitable road to StatlSm. lha'
is why we must keep private enterprise allNe
and to keep it alive we must allow II adc-
ouate earnings on the peoples savings IL
represents.
ONE OF TIE country's principal 1000
of newspaper advertisements the following
IN ree-way pledge to its customers:
l. 1t will continue to pass on TO Gus
toners the benefit of all savings maze
though its system of pricing at loves
point to yield reasonable profit.
2. 1t will pay legitimate market price
to farmers and food producers.
3 1t will do no speculative hoardh
and will maintain the largest possible SUI
niles of food to be made available equally I
all customers. 49,,
In general, this is the way in which a
kinds of retailers, dealing in all manner 0
commodities can best serve the pubic !
the battle against imitation
No one knows where the price level WI
adjust itself 1t is apparent that, IN the lgi
of vastly increased labor and Othef cost
prices cannot now return to preWar level
!, is equally apparent that retailers nave I
control over the wholesale OF prOductO
nrice structure. save the resulting from the
mass purchasing power. But mass coope
alton of all retailers such as that adVertiS'
nv this food chain will save tremendO'
sums for consumers and help control the !
hatiOnary spiral.
The majority of retailers have kept fai
with the people Even when all price co
trols were suddenly removed, they held prl
increases to the minimum within their co
troll. Maximum efficiency in dlStrlbut
plus maximum efficiency and output IN pr
duction hold the real solutions to the pr
problem.
DURING THE WAR, we accepted
enormous extension of the powers of sc
prnment into every phase of our natlol
nfe. on the grounds that it was essential
the achievement of maximum war etfO
Now. with the war over by a year, we Se
TO still accept super-g government, despite
obvious fact that, in principle super-gove
ment was the main thing we were 1lghtl
the war against. Under the fascist SyStt
government owns or absolutely controls
the main productive resources of the COZ
trv. And here in the United States, &
e-~1ment is moving toward that end.
One example of that is the electric
dustry The campaign to destroy the Ut
ties through specialization began in carr
with the great TVA system. 1t moved
into the field of rural electrificatiOn. \
many influential public officials are ad
eating other great regional systems WI
would rapidly make private power deve
ment and operation thing Of the past.
this is being done in spite of the fact that
private industry is completely capable
supplying our power needs, and that 1t
piled more than 80 per cent of the po
used bv all war industry, and that It's re'
of reducing costs while paying enOrn
taxes is uncXcelled.
There can be no such thing as limi
government domination to one or few
dustries If the trend is permitted to
tinue. it must inevitably end only whel
industry is the creature of government
super-state is the ultimate in monopoly
cannot exist save through dictation 1t
never brook competition. And, SOOne
later, it abolisheS the right of dissent
cisely as was done in Germany, Italy
Japan.
We must make the decision. We will
either free government or dictatorial
ernment And no halfway measures
possible.