| Show FARM CONCLAVE REVIEWS WORK By Telegram Leased Wire PROVO PROVO Climaxing Climaxing four days das of oZ intensive instruction and discussion i ithe the farm home and youth conference con i conference ference which started here Tuesday Tues Tues- i j I d day was ended Fri Friday ay noon following follow ing jug a morning session In the Provo L D S First ward I Final speaker of ot the meet was Dr Alva H. H Benton senior social scientist of ot the US U. department of ot agriculture who reviewed the re remarks remarks remarks re- re marks of ot speakers during the last four days day and expressed ed his enthusiasm enthusiasm enthusiasm en en- over the interest shown by those In attendance and declared himself Impressed with the wide and spirited participation in the discussion groups Speaking on the philosophy of cooperation Edward O. O Sisson professor professor pro pro- fessor feasor emeritus of Reed college Oregon on emphasized the Importance of cooperation which is 15 democracy In its true se sere sense e as compared to violence which appears to be the philosophy of ot the totalitarian states Coo Cooperation n Urged Although using a form of regimented regimented regi regi- cooperation to attain It 11 its purpose totalitarian nationalism carries with It the inexorable law of self-destruction self as compared with a practice of and a passion 0 for true cooperation which is really love of humanity he declared Doing something with things does something for people Prof Professor sor Kenneth Perry professor of Industrial in industrial industrial In- In arts at Greeley State college col col- col lege declared in the last of his two talks in which he ho emphasized the possibilities of handicraft both the Income as a means of adding to and as a development of person person- all aiRy ty Feature of oC Thursdays Thursday's sessions was the evening meeting held In the Provo Prow high school auditorium auditorium audi audi- where Dr Howard H. H Preston dean of the the- college of economics and business at the University of Washington told a large audience of the effects the national defense program will have on the economic structure of the United States j Inflation Warning Wartime inflation is not inevitable inevitable table If proper administration and control of prices Is carried on he declared but warned that great advances in prices are possible If U Uthe the huge supply of money represented represented represented by gold and bank deposits is not controlled He also explained how th the present present pres pres- ent war situation could be fi financed fi- fi without substantial in increase increase increase in- in crease in the public debt showing show show- log ing that If Jf the national income at 1940 prices rose from actual in 1939 1039 to potential average in the next three years the total cost could be met by federal state and local taxes It would be less burdensome burdensome burden burden- burdensome some to take 25 per cent of 85 billion than 22 fl per cent of 66 billion billion bil bil- bil lion as was the case in 1938 he said Three steps to minimize a serious serious seri seri- ous Otis postwar collapse were given and included Check inflation by sound fiscal and monetary programs programs programs pro pro- grams hold down the public debt deb and thereby reduce the burden of taxation and sell government government gov gov- bonds to individuals rather than to banks thereby preventing preventing preventing pre pre- venting a further increase in the money supply and which would woul also make for potential buying o of durable goods when defense purchases purchases pur pur- chases slack off oU |
