Milford chronicle., 1948-12-31

invested those har
/ D.. earned dollars il
PATTERSON the stocks an,
tive industry.
a1S INVESTMENT helped in pro
Viulne more plants and tools I,
MAKE MAKE JOBS for more Americans like
himself, who must work for wbst
ever ne might have. The divi.
uehos = the interest - earned hv
lhose investments would provide
tne necessities Of living when ags
VI Illness prevented his working.
The dollars Joe Doak invest.
ca were good, lO0-cent-value
dollars. They were the kind OP
collars he rightfully expected "a
receive as dividends, as inter
est.
Inc years passed. Joe Doak was
stricken by illness from which he
could not hope to-recover. The
SOholtlons had arisen for which he
mad prepared. He must depend
, upon the dividends, the interest
from his investments to provide for
him. VA
HE HAD invested wisely in sound
concerns. His investments were
producing for him as dividends ae
interest, as many dollars as thew
nad IN other years, but they were
not the same value dollars as were
those OF other years. They were
not the same kind Of dollars he had
so frugally saved.
While he received the same mum.
Der as in previous years. each dol.
lar he received now would buy less
tnan half what the dollar Of YES
teryearS had bought. His effort
to provide for himself when age or
Illness should prevent his con.
tlnued working had failed him.
Imitation had reduced, not the
number Of dollars he received.
but the purchasing value of
each dividend dollar. Imitation.
built on the foundation of ex-
cesslve government spending.
mad adversely affected him. and
the many millions Of other Joe
DOaks who had been frugal and !
thrifty.
WHEN AN emergency had arisen
government did nothing to protect |
'r conserve the savings Of the
many millions Of Joe Doaks who
had thriftily attempted to provide
or themselves. It limited the mum.
'er Of dollars each Joe Doak could
as dividends, as interest
N the investments be had made
o provide for rainy days, but Il
lIaced no limit on the number Of
-ollars the workers Of the nation
ould receive during the period Of
ne emergency.
THE MANY millions Of investors
ne Joe Doaks, the vast majority Of
le little people who frugaIy and
lriftily had saved as a road TO
dependence, could not protect
lemselveS, they must ACCEPT the
alf value dollar.
The tax collectors took from
the production, transportation
and distribution corporations. in
which the Joe DOaks had IN.
vested their savings, q larger
number Of dollars than the
number they had paid as divi. s
dends when each dollar wOuId
buy twice what the dollar Of !
today will buy. The govern. :
ment has determined excess :
profits by numbers, not by DUR Q
power, Of dollars. y
It has not been the farmers. the v
rkers, the professional classes. b
merchants, the industrial pro. q
ction arrangements, the trans.
rtation interests, but the many
lions Of Joe Doaks who have
en- the real victims Of imitation.
Ose who must live on a fixed in
ne, on a fixed number Of dollars
hout regard to their purchasing
Wer.
he result is the forced spending
that rainy day investment. Then =,
Doak must seek a place on the !
lef rolls. He has been broken :,
Ough no fault Of his own, but =
ough the fault Of his govern +.
Mt. -
n the West, only a few short he
rs ago land Of romance and ar
enture, the reverence for that sb
lance and adventure is diving re-
pioneer day celebrations. the m
eos, no longer attract the irr
Wds Of former years. The West M
is looking forward to what Is ba
be, rather than backward TO
t was. It is counting, new fac. -.
chimneys instead Of ten gal. -,
hats. With its new interest the -
t has laid aside the provincial -
Of previous years, but it stiu ~
about climate. -
Wheeled Chair HINT