The coastland times. [volume] (Mnateo [i.e. Manteo], N.C.) 1947-1959, 1951-09-07

tries in the world equally as rich
in human and natural resources as
the United States. The thing that
makes the difference between
abundance and poverty is the wise
and the efficient use of tools.
Approximately 95 per cent of
our productive energy is provided
by tools. Only 5 per cent represents
animal and human energy.
In the countries where famines
and starvation stalk the people all
the days of their lives, the energy
percentage of productivity is just
the reverse.
There's a vital relationship be-
tween the abundant life and these
energy producing percentages. The
higher the percentage of tool
energy, the better the people live;
the lower the percentage, the poor
er they live.
In our fight against imitation,
the only sound way to overcome it
is to increase our production. The
fundamental law of supply and de-
mand cannot be changed by gov
ernmental DEGREES. Increased pro-
duction is the real antidote to in
f1ation.
This brings me to the next point
of "The Four Pillars of Freedom"
SAVE. How did we come to have
the great mass of energy-produc-
ing tools? By saving. Past thrift
is one of the principal reasons why
America is strong today. Millions
of people, young and old, rich and
poor, saved part of their income
instead of spending it as they
earned it. Then they invested their
savings in factories, machines,
mines, old fields and, yes, in rail-
roads.
These savings made possible our
great productive capacity and thus
the great out-pouring of goods and
services which we, in America,
enjoy today.
These savings made possible the
bulwark of our defense against
communism.
Each American worker is now
supported by machinery-that is,
the tools of production-which cost
an average of more than $4,000
per worker.
In the railroad industry, the in
vestment averages $21, 900 per
/ worker.
What was it that encouraged the
American people to save portion
of their earnings instead of spend
ing all of it?
1t was the freedom to enjoy the
fruits of their labors. The right to
have and to hold what they earned
and saved.
If we should ever lose that right,
then savings will dry up and there
will be no private money to provide
the tools of production.
! Of course, our government could
provide the tools, as is done in
communistic countries. But then
the people would be ordered to
"invest" a portion of their earnings
in government bonds. And that is
one of the things we are fighting
to prevent.
The need to save does not rest
alone with the individual.
The government should set an
example of thrift by abandoning
non-essential expenditures. The
various so-called social programs,
benefits, bounties and aids should
be discontinued.
The government does not owe
anyone a living, unless it be per-
son injured in the service of the
country.
When the government under
takes to provide living for any
person or group of people, the cost
of that living must come out of the
work and the earnings of other
people. And that sort of living
cost comes high for the people
who foot the bill through taxation.
The people Of the cities and
communities of the nation should
join in saving public funds. They
can do this by ceasing to demand
federal funds for local pet projects
many of which are neither
militarily essential nor economical
ly sound.
To make America strong, the
federal, state and local govern
ments should join with the indi-
vidual in saving. Unless govern
ments are thrifty, individuals have
little opportunity to save.
| Heavy taxation takes care of
! that.
The third point of our program
is VOTE.
In recent years, there's been a
good deal of conversation about
getting out the vote. But like the
weather, which provokes a great
deal of talk, many of US merely
talk instead of acting.
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