Browning chief. [volume] (Browning, Mont.) 1941-1953, 1948-10-22

SN34i oboA lSo AdShCo tilS
know how" of bust
PATTERSON ness. They did not
have that business
instinct or the executive ability to
achieve success. Another percent
age failed because of lack of ade-
quate financing. Many started on
less than the proverbial shoestring.
They had no money reserve to see
them over the first bumps and they
pated bumps.
FEW OF THOSE WHO FAIL are
willing to admit that any shortcom-
ing on their part was responsible
A popular reason for such failures
is that big business forced them to
the wall. 1t sounds plausible, and
we accept this alibi of those who
have failed.
DESPITE THE PERCENTAGE
of failures, the small business con-
Germs of the nation are growing and
are doing an ever-increasing vol
ume of the nations business. Those
who have the know how" and the
needed capital are steadily boosting
the total amount of business done
by small business.
ACCORDING TO FIGURES
recently released by the depart
ment Of commerce, the small
business people of the United
States-thOse we know as small
business-received 1872 per cent
of the national income in 1929.
By 1947 the little fellows in
creased that percentage to 20.2.
DESPITE THE MANY CHARGES
that big business is crowding out
the small business man, the same
report by the department of COM
of the national income going to big
business was PAT per cent, while in
1947 it dropped to 1878 per cent.
THERE ARE MANY OF US who
do not have the instinct, the "know
how" needed to succeed in bust
ness. Our best bet is to work for
those who have that instinct, that
"know how" Today in America
there are go million people holding
jobs they would not have if the
capable business executive did not
exist. Big business provides very
large percentage of those go mil
lion jobs.
IN 1929 THE WORKERS received
591 per cent of the national income
as wages. In 1947 the workers re-
ceived 618 per cent of very much
larger national income and much of
that increase came from big bust
ness. 1t means the workers are
paid 6l.8 cents out of each dollar
of a national income that is close
to twice what the income was in
1929
1T is NATURAL that we
should prefer to wear white col
lars, business suits, and be the
bosses of our own establish
ments. The greater number of us
cannot do that successfully.
Those who cannot must have
food, shelter and clothing if they
are to live. Jobs, working for
someone other than ourselves,
provide not only the essentials
of life, but many of its luXuries
and pleasures. Big business
provides the larger portion of
the jobs.
AMBITION is CREDITABLE.
Our American system encourages
it and invites competition in all
lines There is nothing to prevent
any of US from embarking on the
business sea and nothing, other than
our own inability, or lack of
finances, to prevent our success in
whatever line we may venture But
for the great majority it is that
backlog of 60 million jobs and the
81 8 per cent of the national income
paid to the holders of those jobs
that makes America the promised
land for all the civilized world
THE OLD ADAGE, "three gener-
atoms from shirt sleeves to shirt
sleeves" still works. New rich peo-
Pile are continually bobbing up,
but the reckless spending of their
hayward sons and daughters is sink
ing many a wealthy family. One way
or another the wealth of the nation
gets thrown back into the pot today
to be scrambled for by new group
of aspirants for wealth tomorrow
All have the same opportunity, but
not all have the same know how