Milford chronicle., 1947-09-05
BUYING PUBLIC HAS
THE FINAL SAY


THE FINAL SAY
The American consumer is the
man with the biggest biceps in our
free economy and when labor, capi-
tai or management force prices too
high commodities or services don't
sell-and both men and machines
are unemployed.
This obvious truth is sometimes
overlooked in times like today when
prices are high, and some are being
forced higher. There are, however,
signs that Mr.. Consumer knows his
strength and is beginning to show
his muscles.
Hanford Main, president of the
cOast-to-coast operation which is
Sunshine Biscuits, had the con-
sumer very much in mind in a re-
cent statement pin-pointing What
Makes Wages" he poined out:
Neither labor as such, nor capi-
tai as such, nor management as
such is wanted for itself alone, "la-
Dor, capital and management to-
gether are wanted; that is, they
have value, because jointly they
team up to produce commodities
and services which the people need
and for which people are willing to
pay price"
All forms of compensation
wages, interest and profits-depend
on production, Mr.. Main declared
and are simply shares of income
resulting when people buy com
modities or services produced by
workers, capital and managers.
I'm a free economy" he conclu
ded, where the people have cho
ice of how they will spend theil
money, the people will be the fina
judges of values. Unless we are
able to maintain proper balance
between the cost of each factor ant
the price of the final product, WI
will have 'overpriced' costs, sale
will drop, and the value of at leas
a part of the services going int
those products will be zero, AM
those who furnish those services
will be unemployed. They will
: simply have priced themselves OH
) of the market Part of the job o
) MANAGEMENT is to maintain tha
| proper balance and avoid unem
ployment for men or machines"
In other words, the role of tn
| buying public in free economy /
that of final judge of the wages t
+, be paid to capital management an
I labor.
! ARGENTINA SEEMS TO SEE
l THE LIGHT
Argentina has convinced the In
= ter-American Defense COnferenc
4 in Brazil that the American nation
should not interfere in an attack b
one American Republic against ar
5 other. But the American nation
e should join in protecting one of ii
g Republics against any attack by a
e outside country.
The Argentine proposal that
e single nation could veto collectiv
I Hemisphere action against an az
= gressor was voted down 16-to-
e thereupon Argentina bowed grace
s fully in accepting defeat. None {
q that Molotov stuff in our own bacl
yards.
t Most Washington correspondent
. perhaps including the writer of tn
e item, got pretty tough" in critics
y ing Argentina during the past tW
s or three years. Even so, All Amer
3 ca is "tickled-pink" now that tt
u Southern American Republic
: playing ball with the rest of us.
PASSAMAQUODDY is A
/ VERY HARD WORD
Shut your eyes, and spell CIT"
e Passamaquoddy is Cover
y y ment project that came to lif
Il again, Immediately after Congrei
adjourned a few weeks ago.
short, it is a water-power develo
% ment near Eastport, Maine, unde
= = taken by the Government in 49,
u and abandoned in 1886, when Co
% gress refused to make further a
preparations to carry on. The plf
-. contemplated high-level pool,
,. square miles in area, confined by
u series of dams. Power is to genera
> high-water between the Bay
Fundy and "Quoddy." Senator Owe
Brewster of Maine is supportiI
9r the proposal.
l. In the beginning "Quoddy" was
Roosevelt pet. The principal adva
IL tage that would come from a deve