Show I The DAY IN j I Hardly Hadly a day passes pus that tat some same economic economic eco ceo expert er does docs not discover a new reason why it I Is impracticable to in insure insure isue in- in i- i sure sue wage earners against unemployment mont ment ment The market Is I overstocked with wih cants cats Now if i somebody will wi come along with along with a can cn he will wi find many may thanks and a lot of newspaper headlines waiting for him Wm His Hi plan of course coure will wJ have to t be workable workable It I will wn have hav to surmount the obvious and practical l objections that have been bee brought against variations vari van aton of the dole It I will wi have hav to t sidestep the te stifling ambition methods metod met met- moth meth otis od of the proletarian dictatorship It I will wi h have ve to heed the weaknesses and ad prejudices of ot human hu nature It I must mut carry crr within itself itel an appeal that tat will wi make it self mae Wen When one has ha found that the cynic will wi say he will have found the eyle millennium he will wi have accomplished pUshed the te impossible But Is it i so hopeless as all aU that that If I the time and thought required to construct the steam stem engine the te telegraph telegraph tee tee- tele tele- graph the telephone the electric light Ugh the radio and the te motor car were applied to t the great geat problems of social economy would woud we be stalled for long by such relatively simple difficulties as n the equitable distribution tion of work ton The world is well wel supplied If i not oversupplied with wih the products product of at Morses Mores Belts Bells Bell Marconis and Fords Fords Cant Can't the race face declare a n holiday boll holi day on mechanical and ad physical inventions in in- i- i and ad divert its It thought power for tor a space to the te Improvement of at the archaic social machinery whose periodical periodical periodical pe pe- pe- pe breakdowns cause us u such a avast avast vast amount of trouble vt truble S. S It I isn't hard to Imagine Iagle a system of analysis that would enable us u to t tell tel six she si months mont beforehand instead of six si hours hous afterward that tat we were overdoing overdoing overdoing over over- doing certain forms fors of production The Te means of keeping industry In balac balance are ae being beig improved all the te timed time te We have paid a an an- enormous price to learn that tt the automobile industry really realy has ha a saturation point point If I the economists of the industry arc ae doing doig their duty we will wi not have to topa pay pay- pa for this thi lesson leSon over ove and ad over ove again agai Once will suffice e What Wt Richard H. H Grant Gr vice president prel pros pros- dent of General Motors Motor told the American Bankers Bankers' Baner association convention con con- venton the theother other day dy gives give an a intimation inti mu- Int- Int mation matlon maton of at the line lne of approach which may ma furnish us u eventually the te equilibrium equi in I production we need so much Said Mr r. r Grant Grait ee We HWe are arc in i th the abit bit of looking upon an automobile not ot merely merl as a an a automobile but as transportation We figure fige each automobile produced produced pro pro- as six si years year of transportation Then Ten by following up records record of production production pro pro- ducton yearly yeary we get a n graph which indicates what ought to t be a normal Inventory of transportation in i the te hands of the te American people and ad whether there arc ae arc more mor or less le miles mUes than be might expected According to our figures there are ae aba about t years year less le transportation in I this thi inventory at t th the present time te than has ha been considered er d normal nora since sice 1925 S Consequently if 1 we retain the same purchasing power in i this thi country country cou- cou cout coun coun- try t it i is i quite qute evident that tat on the thc first fist upturn of business there will wJ be a arh rush rh to rep replace ce that inventory In developing this thi graph U It I has come out v vy ry strongly that every ever third year is i a big automobile year The Te biggest bigge automobile year w s 1929 when cars were produced for American consumption This Ti year yea the industry will vIll wJ produce somewhere between and 1 cars ca 1 As A 1932 is i three tee years after 1929 if ii economic conditions were normal noral we could be sure we would do a tremendous tremendous tremendous dous business because the third year is i the time Ume when the bulk bul of the re replacing replacing replacing re- re placing takes place |