Show I 1 LAUNCHING A THUNDERBOLT IT v WAS S a thunderbolt forged in th the White WhiteHouse IT I House that was let loose yesterday One fork of the th lightning struck the privately oWn owned d U. U S. S airmail and the tile other hit ut the country's stock exchanges ex Perhaps it is the overwhelming notion of The pe people of the United States that it is is undesirable undesirable un- un desirable for government to 10 project itself into the business scene It is not strictly a 3 New Deal idea that conduct of private enterprise be regulated It began bega long o g ago g and it it b has s sen been en growing from froni administration to ad administration adminis regardless of ot the political complexion of the parties in power There has be been n widespread wIdespread wide wIde- spread pread recognition of the fact that it is not a 3 good thing for government to do this It is isone isone one one of the many reasons why the cost of supporting supporting sup sup- porting government has reached its intolerable proportions Here Here and and anel there from time tc to time there have arisen demands that th the government go still further that it actually take over the operation oper- oper Mien tion of ot business This idea however has not caught augh on to any marked al' al ed degree But why has lias congress and why have presidents pres id and cabinet members one after another cr d deemed it necessary or expedient to tighten the nip grip on n business t hereabouts will recall a collection collection t tion n agency agency which used as a catch phrase in in its advertising There are red streaks of honesty hon lion ety esty in everyone Recent revelations in senate sen sen- ate te inquiries serve to indicate that the statement statement state state- ment is rather t too o broad It has been discovered discovered e ered ed that here and nd there in the highest and hitherto most respected business circles there have been yellow streaks of dishonesty ty andi and i green streaks of greed It is that which from Uie beginning has been at the bottom of government government gov gov- regulation of business Sometimes it is unfortunate in the tIle extreme that the law can be no respecter of persons The honest must under laws come unnecessarily rily in order to io bring the tile crooks under them necessarily If Barnum had not been so all all- fired correct in his estimate of the birth rate of suckers this would not h have ve been nece sary Then the public could have sorted the sheep from the tIle goat goats And mores more's the pity even ven with seemingly laws the sharps sharp sharp- ers s get through and despite millions millions' of words of newspaper and magazine exposure the sucker Bucker census continues to grow apace So whatever one may believe in regard to government in business business' and the throttling of private enterprise it must be recognized that greed and aud dishonesty are re what brought regal regulatory regu rega- l tory law into existence It is unnecessary to deal with the honest in that way and ib ill cramps ramps the style of the dishonest That is vh why both oth the honest and the dishonest business men r resent s nt and oppose it But it has lIas seemed to be bethe bethe bethe the only way an outraged and embittered public public pub pub- lic lie has Jias keen been a able lc to devise to protect itself from the smart mart crooks J Jn hi yesterdays yesterday's est order for cancellation of airmail airmail airmail air air- mail contracts is seen the dire direct t outcome of recent disclosures disclosure in Washington regarding dirty work by lobbyists bribers and of course public servants with sticky fingers lingers It will Demoralize a V vast st business in which a considerable consid consid- erable rable portion of the public has invested Inthe In Inthe th the presidents president's message asking for stock mar mars marsk k ket t regulation is reflected his idea that this vital cog in iu the business machine should turn i m the interest of the country's business and industry Instead the heP Pecora cora probe has shown ftp le Americas America's Monte 1 Carlo To an extent greater than ihan anything the administration has so far done these a actions will vill cause caus a howl to go so up throughout tho the thol l length and breadth of the country It may may mayx mayl l be interesting and enlightening to note who howls q the the lo loudest est The cure cure the president proposes pro poses is 18 drastic Though mercil merci- merci Jess l ss it falls upon the heads of the just and aud and the e unjust but what wha is to fo be done w with th thieves ap bribers if a slap on the wrist will not refo re re- re- re fo form m them f N No man awaits the arrival I of the zero hour with the same enthusiasm as the coal dealer |