Show r ir ry y UPTON SINCLAIR 4 INFLATION SEES 1 LOS ANGELES May 17 OP W- W J Upton Sinclair toda today said the counS country country coun coun- S try is heading for inflation and na national na- na i bankruptcy possibly possibly dicta S In the keynote speech before beCore a aI I tate convention o of his end poverty pov pov- t s erty in California followers Sinclair Sin Sin- j clair elair who received votes as S. S 1 Democratic nominee for tor governor governorS S last year ear said improvement in inv l v- v J k business business is is measured directly by the the- amount amountS of or money the govern government govern ment is spending He declared I the the skids are all greased for tor forI a A I Slide Hide Into inflation i To To save the situation and avert s the will have j dictatorship people i S to get busy at and find t- t once orico a R. wa waY way Y J- J to end tills this depression through I t Jj production for use said Sinclair 1 k y f. f who plans a R. speaking tour this fall fal l' l I. I i- i a to to th extend the EPIC movement i 1 throughout the country i We Ve do this time Ume can any we get S j 5 ready ho he told the delegates I N who opened their three-day three I- I f i V convention this morn morn- I. J t 1 I Ing Irig All Alt that is JS needed is sufficient f. f 1 dent intelligence to understand it and sufficient conscience and pub pub- v L'- lie ho spirit on the tho part of ot our edu I classes For th the first year of ot his adminIstration admin admin- President Roosevelt folS fol fol- fol- fol S lowed the method of or taking one S. S step to the right and two steps to r the left During his second year i he ne appears to have changed this 4 L and now takes one to the left and 1 i two to the right I He has permitted the tho business businessMen Men of the countr country to persuade him S k that the they can bring back prosperity i S. S and and nd put the une unemployed to work S again I His fate in 1936 depends upon how much longer he pursues t this notion That the pickup in business Is 1 Illusive can be proved by the simI simplest sim sim- I calculation The best claim S. S made for or it is 25 per cent and if it you compare the amount o of money the government is throwing into I V circulation with the total spending f V power of the people you find it bears just about that percentage V 44 ti Sinclair reiterated his distaste J for any third party move movement ent |