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Show UTAH LABOR NEWS, SALT LAKE CITY, .UTAH, JULY Page 8 (Continued from Tage 1) it fell short 13 billions. Fell short 27 billions in 1931, and 41 billions in 1932. It climbed to 69 billions in 1937, but was still short I I billions, and charging the Old Deal with its it has cost the Amerlosses through the eight years, 1930-193ican people the enormous sum of 166 billions of income lost 7, open to men as there once were Right on the Spot makes the competition That was some blonde I saw you more keen. Competition among with last (Continued from page 7) business organizations is sharper meet her night. Where did you weeds. today and they need the best deI dunno. I just opened my walWe thought of that when we veloped intelligence at each point let and there she was. read the following from the New of contact in order to survive. burgh News, If placed end to end the hairs grown by the average man in one year would equal 7G04 feet, we learn. The trick, of course is to get them to grow end to end. Now it appears to us (not being personal of course as we glance over the audience) that many men would be glad to grow any old kind of weed hairs without coaxing or tricks. NEWS AND COMMENT DITORIAL 15, 1938. and that forever. Compare that figure now with the 62 billions increase in the public debt. Old Deal losses exceed by 10 to 1. But the comparison does not end there. For the increase of the public debt the Treasury ledger shows an increase of seven billions in public assets. Thus while the public debt increased 16J4 billions of dollars the Treasury assets consisting STAY IN SCHOOL, of cash, the stabilization fund, and the Government investments IIE URGES in such corporations as the Reconstruction Finance Corporation, Some people are bemoaning the increased by approximately seven billions. Therefore the net fact that all of the 148,000 gradincrease in the public debt was not I6J2 billions but 9 Zi bil- uates of our colleges wont be able 1 lions. to find work this summer or fall. It is to be regretted that they at a time when the world graduate have? is readjusting itself, but these two A depreciation in the value of private property which in facts help us endure until we can 1933 ran into the tragic total of 150 billions and a loss of con- find a cure. fidence of businessmen in the business enterprises of each other Fifty years ago the percentage which the itself from which they are reviving. economic system and today will not immediately be into business, industry absorbed deThe New Deal insurance of bank deposits has given and the'' professions, would have positors a confidence they never had before, has blown the gone back onto the farms or would breath of life into the banks so that their vaults are filled as have worked for Pa for a few years never before. There is now no lack of confidence in the banks, at small remuneration. Moreover, it is well to remember nor is there any lack of confidence in the Government, judged what a person was by financial standards. Its bonds are marketed at a lower rate a high school junior upon urging of interest than that of any government, indeed at the lowest the other day who was thinking of rates known. quitting. Stay in school, said In my But confidence in the banks, confidence in the Govern- this youthful adviser. rounds the for work during looking themment indispensable though they be are not enough in two I would have twice years, past selves. There must also be confidence in industry and , com- been taken on could I have truthmerce. In order that the wheels of industry and commerce fully said I was a college graduate should move rightly, the men of industry and commerce must and three times could I have assurhave confidence in each other and in the enterprises of each ed the prospective employers that I graduated from high school. other. Lacking this confidence in the business prospects ol had There arent as many positions such the banks when lend them But for this loss of income under the Old Deal, what do we non-educat- fear to to even enterprises, asked, and without' assured markets, the enterprises are seized with a sort of palsy due to what? Due to their own lack of confidence in each other and their respective business economic prospects. This essential confidence" is an elusive element, invisible to view, although, like gravitation, its function is to hold everything in its place in human relations. Its sustaining presence or devitalizing loss resembles the pressure of the enveloping atmosphere. At common altitudes inside and outside atmospheric pressures are in balance for the human body, we know. So we breathe easily and are well; but as we ascend to abnormal mountain heights some change invisible occurs. We breathe hard and fast, our movement slackens until we stop, devitalized by a condition we cannot see. What has happened? Only this, the atmospheres presd sure has dropped on the outside, and its sustaining within and without the body has been lost. equilibrium And to what does this analogy apply in the economic This is no new conclusion. Whose duty is it to balance these producing and purchasing powers in the budgets of industry and commerce? Surely it is that of the leaders of industry and commerce. And if relying on Hooverism, they fail to maintain that balance. Is the Government to stand by cold and inert while people starve?. Absolutely not! The New Deal government under the leadership of President Roosevelt will see to it that the people are fed, clothed and housed. (Continued next week.) i Moral (Next week we will deal with New Deal Gains, Gains of New Deal," and Who Is Conservative?" Save these articles for future reference. They will come handy, in this years campaign in behalf of the people." k 0MB cm imDG lrr &!& iiitafr 3M DRAUGH DISTRIBUTED BY PENNEY- BEVERAGE CO. South 4th West Salt Lake - 533 City, Utah iBltpjR When You Deposit In These Banks ... numerous financial conveniences, services and safeguards become active in your behalf All the physical facilities, experience, obligations and legal requirements of present day banking play a part in making your money secure against loss. In your checking account, for instance, t credited deposits are immediately available during every business day, on presentation of a properly drawn check, either by yourself or other duly author- ized person. 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