Show Answer To Frank Connor et al ale aleBy By L. L A. A Hollenbeck It seems my critics take exception exception exception tion to my statements that the prohibitive tariff is the major and primal cause of the depression not only in America but the whole world and that If the trade barriers barriers barriers bar bar- were let down and the soldiers soldiers' soldiers soldiers' soldiers soldiers' sold sold- bonus paid so that the thc people people people peo peo- would have a little money to start to trade that good times would come within six months Well Vell why not There Is plenty plenty plenty plen plen- ty for We want to trade goods Why cant can't we Simply Simply Simply Sim Sim- ply because we haven't the money moncy to trade with Also because our foreign trade Is prohibited with a high tax on goods Why haven't we the tho money to trade with Simply Simply Simply Sim Sim- ply because the mills have shutdown shut shutdown shutdown down and are not paying wages and hence the people have no money to buy with Why did the mills shut down Because a large part of their trade was cut off by a law passed by congress What law w was that That was the high prohibitive tariff law that killed more than half of our I foreign trade That trade took our surplus goods and when that I trade was gone the mills shut down Let me mc ask you you you-Isn't Isn't that I reasoning both philosophic and I logical I If that trade is restored and i also trade with Russia Is there anybody that would deny that the I Imms mills would open at once And Anda a little money distributed to the I I people like the soldiers' soldiers bonus would start the ball rolling I IVell Well Vell we are told about a group of ot engineers that say that at the present trend of inventions we we will have tremendous increases of ot production and our unemployment unemployment ment will increase increase rather than di di- di minish You will recollect that Herbert Hoover was sold to the and people as a super engineer man and nod he has been saying the was over and prosperity ty was Just around the corner I dont recall of any engineers that ever became became famous as statesmen economists or philosophers philosophers philosophers and as prophets the best they can do is to say that prosperity prosperity prosperity pros pros- is just around the thc corner comer During the world war several hundred inventions were submitted submitted submit submit- i ted to the department to meet and destroy the submarines Nearly all of them were nonsensical Flying Flying Flying Fly Fly- ing machines machines' were tried for many centuries and finally a success was made of them Economic matters will adjust themselves to all of the inventions If It they I would come like a flood as these famous engineers would have us believe the whole matter could easil easily be met by a little tittle horse sense of a real statesman Let me suggest that if that tidal wave I of inventions should come as these hysterical engineers have rushed in to predict suppose the government government government govern govern- ment would step In and tax the Incomes about as they are now taxed and instead of allowing the stockholders to take income and invest it into stock dividends for forus forus forus us to pay more dividends upon which should never have been al allowed allowed allowed al- al lowed in the first place let the tle heavy income tax be paid out of the excessive dividends and nod let letI I that fund be used for the purpose of making malting public works and thus giving the people e employment at atgood atgood atgood I good wages That is democracy and common sense and that is isone isone isone I one answer to the five year plan fallacies of the super I NOTE The Thc open letter to Mr Hollenbeck by Frank Connor will willbe willbe willbe I be found in Others Views |