Salt Lake Telegram | 1939-08-08 | Page 4 | In Reverse

IN REVERSE REVERSE Back Back in the good times year of 1928 it is estimated 75 per cent of the he na nations nation's nations nation's nations nation's na- na tion's new capital went into private enterprise and 25 per cent into governmental spending In 1938 less than 20 per cent went into private enterprise and 80 per pei cent went into governmental governmental govern govern- governmental mental spending True in both cases there was equal spending of new capital equal distribution distribution distribution tion of purchasing power but power but in one case the the spending created jobs which resulted in payment payment pay pay- ment of taxes in the oth other r it created jobs which consumed taxes