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Show Released by Western Newspaper Union. BUYING BONDS THE 'EASY' WAY THIRTEEN BILLION DOLLARS worth of bonds, which Uncle Sam asked us to buy during the Second' War Loan drive, and which we did buy, is a lot of money. To provide1 that amount would take practically: all the coins and folding money in the United States il we were to put; up the cash. But that is not the. way it works. John is working in a war Indus-, try plant. His wages amount to $50; a week. Each Saturday night, atj his request, a $5 bill is withheld' from his pay envelope to apply on, his war bond purchase. That $5 bill is deposited in a bank to the credit of the United States. John spends, much of the remaining $45 for things he needs, or deposits a portion of it' in the bank. Out of what he spends, other Johns and Marys, are paid, and they, too, buy war bonds. Out of what John deposits, the bank buys war bonds. John's weekly pay is but a portion of an ever-revolving fund. Week by week it is paid to the government and again paid out to those producing produc-ing what we must have to win the war. Week by week the ghost con-I con-I tinues to walk because the Johns and Marys are financing their jobs by buying government securities. What they pay comes back to them, and in addition they have their government's gov-ernment's IOU and will in time get it all back, plus interest. ... CAPITAL NECESSARY TO KEEP LABOR AT WORK BILL JONES has a job. That Job provides food, clothing, shelter, a car, tickets for the movies, and other luxuries, as well as essentials for Bill and his family. To enable Bill to have a job means an Investment Invest-ment of $8,000 in tools, including factory fac-tory building and other essentials of production. Bill did not have $8,000, and others had to provide the tools which made Bill's job possible. It ' was the American capitalistic system sys-tem that provided the tools. For each man who has a job in an American factory, there is an' average of $8,000 invested in the tools and buildings which make a job possible. It means a total investment in-vestment of something like 480 billion bil-lion dollars. That is America's working work-ing capital which provides jobs for our 60 million workers. If we make it impossible for capital to provide the tools, we take away the jobs that support workers and their families. fam-ilies. That is what we are doing right now. The war will be over some day and then new tools must be provided pro-vided to replace those used in war production. With government taking out of industry all industry can earn, leaving nothing with which to provide pro-vide new tools, Bill Jones, and his co-workers, will be without jobs. We will have won a war and lost a peace. We will have destroyed the American system of free enterprise. ... LABOR MONOPOLY AND GOVERNMENT A BILL that would curb some of the more atrocious activities of the labor racketeers was introduced in the Colorado legislature. The bill, if enacted into law, will give union members control of their own organization organ-ization by forcing regular elections of union officers by secret ballot, as well as forcing union officials to account ac-count for union receipts and expenditures, expendi-tures, and calling for a secret ballot of members before a strike can be called. The self-appointed, self-perpetuating self-perpetuating union officials notified the state government that if the legislature passed the bill, the law would not be obeyed. The labor racketeer has been cajoled and appeased ap-peased until he considers himself above the law. He will permit no interference in-terference with his self-given right of extortion from those whom the government forces into union membership mem-bership if they are to have a job. ... TOP-HEAVY BUREAUS IN GOVERNMENT SAMUEL INSULL created a great public utility structure by building corporations on top of corporations, until the top-heavy organization toppled top-pled over, and in the crash the pub- , lie lost millions of dollars. To prevent pre-vent a recurrence of such a catastrophe, catas-trophe, congress created' the SEC. But the government is not taking its own medicine. Bureaus and departments depart-ments are being built on top of other bureaus and departments, until government gov-ernment has become as top-heavy as was Insull's public utility structure. There is a limit, and should a top-heavy top-heavy government topple over, the Insull failure would be but a drop as compared to an ocean of disaster. ... DEBT LIMIT AND THE FAMILY CONGRESS RAISED the federal debt Umit to 210 billion dollars and it will reach that point by the end of this year. That means each man, woman and child has been mortgaged mort-gaged for $1,616, and over each fanv Uy of five there is a mortgage of $8,080, on which there is an annual interest charge of not less than $161 for each family to pay. Our indebtedness indebt-edness at the close of 1943 will be eight times what it was at the close of the First World war. |