Show Only 12 Per Cent of Workers Workers- In U. U S. S Affected by Depression DROUGHT 7 i DROUGHT I CALL THIS A PRETTY GOOD By ALLARD SMITH 1 Executive Vice President The Union Unton n Trust Co Cleveland Ohio Business admittedly was vcr very cry bad badIn badIn In 1930 nut But bad as it i was sentiment has been much worse worst r demonstrating I 1923 the truism that the fluctuations In sentiment sen sen- are uro always more moro violent and anda a extended than titan tho tile actual swings of oC business or Of tho tue people gainfully employed In this country countr the greater portion porton still have o ha jobs and steady Incomes Perhaps 1 11 1 or 12 per work cent aro working on reduced schedules or aro temporarily without People depending Incomes from their Investments also havo have not been entirely cut off ot Actually dividends paid in 1930 InO are only a little short of tho the total toLl for 1929 According to the New York Times th there thero re were separate divIdend dividend divi divI- declarations up to tho middle of December 1930 calling for or a total distribution of against covering covering nOG separate declarations for tho the full year of ot 1929 1920 When reports report for all nU of or December are In thc they may show that 1929 1029 was equaled or exceeded These dividend disbursements have hn e placed a largo large aggregate purchasing purchasing purchasing pur pur- chasing chasing power and reinvestment d demand mand In tho the hands of many thousands thou tiloU sands of ot people They prove provo again that g great t numbers of American Industries were able ablo to earn profits and pay wages ages and dividends even in A n 0 year of ot general depression i |