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Show 'Fear Gospel' Blamed For Slump WASHINGTON, July T W Rep. Horan (R Wash.) ssid Thursday: "Ever, since V-J day the pessimists among us have been trying to Valk the United States Into a depression." He cited the northwest mining Industry which has hit a slump in sales of lead, mine, copper and other products. "Actually there are tremendous unfilled demands for products msde of these and other materials," mate-rials," he said In a statement. "But the gospel of fear instilled in prospective purchascre' minds has brought business to a halt All over America people are waiting to eee if prices will come down before they buy. At the same time, they resist reducing prices on what they have to sell. "Folks can afford to buy what they need bank deposits are at a record high. v. "The chief reason business is not normal today Is thst the people who want to buy and those with things to sell are Influenced by too many 'smart guy.' telling them to wait" |