Milford chronicle., 1947-11-14

Wn0n congress cOQV6n0S III Sp0Cld1 S0S-
sion on November II, the aims and purposes
of the Marshall Plan will be the biggest head |
ache of ALL 1t calls for demands upon our
government for money and materials at sums
higher than the average citizen can visualize.
Notwithstanding the patience and anxiety
of our own people, it is to our lasting credit
that the United States has never ceased it's |
efforts to outlaw wars and establish perman-
ent peace. The United States hates wars.
Nevertheless, the rowdy Russians abuse us
every day, and accuse us of "war mongering."
Their narrow Stains, Molotov's, Vishinsky's
and fellow Communists are blocking World
peace.
President Truman has said very truthful
ly, "a period of crisis is now at hand The
perils of hunger and cold make this Winter a.
decisive one in history We must help some
nations through this immediate crisis"
Of course there are unparalleled domestic
challenges facing the Administration and the
Congress. We could get away with our Ma
tional problems if we did not have the World
on our backs.
The above is short summary of the ter
rible demands upon our Nation and the Ma
tional Government. Even the United States
hasn't unlimited wealth or money.
That brings us short-up against the stub
born fact that initiation is right on our heels
Clothing prices and household furnishings
are up 18 per cent food up 40 per cent.
Building materials are up Al per cent. Our
best forests have been cut over and the tim
Der is gone. Coal, iron ore, oil, minerals, and
agricultural products are tOday's family puZ
zles. There is no doubt but what major part
of the people of the United States are scratch
ing the bottom of their resources in their eff
forts to feed American families. These, and
dozens of other problems, will confront our
law makers when they convene in Washing
ton next week. The job is big one, their
headaches are many, and the American pub
lie must have patience with our governmental
leaders.
LACK OF UNDERSTANDING on the
part of men who are running our government
appears to be as much to blame for the chao-
tic condition of prices and supply as any other
one factor.
Remember back in the days of the depres-
sion when the government was recommend
ing plowing under crops because they were in
too abundant supply? Those same experts
today are trying to 'plow under markets be-
cause the demand is too great
1t doesn't take student of economics tc
tell our government that prices are governed
almost entirely by supply and demand-re
: gardless of the controls placed on either as
creased prices.
The plain truth is that our supply is high
but our demand is greater because of the ex
port policies which this country has followed
and is following. Suddenly there has been
drastic cut in export allocations of grain anC
flour in an effort to retard the upward trenC
of prices
Looking back over the years, it isn't diff
cult to see that history repeats itself. Whea
after the Civil war sold for $2.85; after tn
Russo-Turkish war it scared to $2.45; it wen
to $1.85 after the Spanish-American war, an,
to $3.50 after the first World war.
Regardless of who is running America
the first truth which must be realized is tn
old fundamental economic law of supply an
demand. 1t has never failed. 1t never will
regardless of subsidies, grants, doles, price
pegging or other artificial stimuli. When tn
supply is good prices tend to be lower Whel
supply is short, prices are high (provide
there is no price control, in which case tn
short supply usually finds better customer
in the black market-at higher prices).
We are experiencing high wheat price
because 40 percent of the crop is going out c
the country. We are experiencing high mes
prices for the same reason. However, we al
witnessing high corn prices because the Gro
this year was 800O00,000 bushels short bt
the available home supply is not sufficient I
meet the demand.
6%NS&
1T HAS OFTEN BEEN STATED that til
goal of socialism would eventually be reache
through encroachment after encroachme1
upon the liberties of the people. Intellige1
socialists know that there is no chance
bringing about their dictatorship of the pr
letariat" at once. They are satisfied to NAL
= their gains little by little secure in the knoy
: ledge that once certain point is reached, tt
5 goal will be in sight.
4 Here is one of the reasons why left-wir
n elements, including such publications as Il
e Daily Worker, official organ of the Cor
e munist party of the United States, are ma
; ing determined drive to force Federal cor
t pulsory health insurance on the country. S
cialized medicine would obviously be lol
S step toward the socialistic order-and res
r mentation of medicine with the bureaucra