Show OTHERS VIEWS AN OPEN LETTER TO L. L LA A. A HOLLENBECK HOLLENBECH Dear Mr Hollenbeck In your editorial The Tariff which appeared ed in the Record for fox September 30 you make the following following following fol fol- lowing statements The writer believes that this thi obstructive tariff is ia the primal and major cause of the depression not only in the United States butin but butin butIn in the whole world There are plenty of ot other causes but they are secondary If the high tariffs are cut down downto to where they ought to be and then it if the soldiers' soldiers bonus were paid that would give the people enough money so BO that they could start to buy goods and with the tho two remedies going together the writer believes that pro prosperous times would come to this country within six months If this be true the thee cure of the I depression is ia very simple and will willia ia in no W wise C upset the present economic economic economic ec ec- order Industry can goon go goon goon on as it has in the past and every dinner bucket shall shaU be filled tilled But we hear another story from our economists and engineers They tell us of technological unemployment unemployment un un- employment due to increased mechanical mechanical mechanical me me- efficiency Increased mechanical mechanical mechanical me me- efficiency requires less and less workers This results in more and more unemployment and more depressing depression Here is a quotation from Wayne Parrish of the staff of the New NewYork NewYork NewYork York Herald Tribune For many months he has been in touch with the group he tells about A few weeks ago a group of engineers who have been B studying for twelve years the industrial and agricultural growth of the nation nation nation na na- na- na tion over a period of ot the last one onehundred onehundred onehundred hundred years made public a preliminary preliminary preliminary pre pre- summary of their con con- The report attracted wide attention Thousands of re requests requests requests re- re quests for more material have flown in to them in the last few weeks and one of these requests came from no less an inquirer I than the French government These engineers who formed a I group known as Technocracy concluded concluded concluded con con- that under a price system American industry had virtually reached ed its greatest limit of expansion expansion ex ex- i and that if present trends I continue the next eighteen to twenty four months would see a arise arise a. a rise riso in unemployment to the ominous ominous ominous om om- om- om inous figures of to 25 I These engineers are eminent in their fields For the past year and a half their energy survey of North America has been housed in the engineering laboratory of Columbia University Among the I members of ot the group are Dr Richard Tolman of ot California Institute Institute Institute In In- of Technology Bassett Jones Joncs consulting engineer Frederick Frederick Frederick Fred Fred- erick Lee Ackerman the architect Dal Hitchcock metallurgical engineer engineer engineer en en- and others The Tho late I Charles P. P St Steinmetz the electrical electric electric- al wizard and nd the late Thorstein Veblen U the economist were in the original group I What place in your economic scheme Mr Hollenbeck will vill you give the conclusions of this group Their answer to the question of our plight is INDUSTRIAL PLANNING Yours truly FRANK CONNOR |