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Show Topic Inj"1 iOJ pflfflfr irtna of June country are now iOtfOtltl matter of fn- TJ,e mslv. ",rtrly ,lU .M.il" banks have ,:! yef A ! Tlarsost tkj lu N,nv K , otoiinJlng ,;ih June, HW. 1,111 " the increase In tlo- i h a,oi,cy act,mill, ,n ot the banks-almost dlKlosodiny increase ;.ns no outstanding V; ruie was a decline "--a SO, IK1?- ,!:: u'thorities in the gov-outside gov-outside tell me these :', "do!t9 and resources 'ewe n improvement In .bautius situation The 'r- rve board In Its latest ,d 'conditions declared the , .treoture was on a much Ration. Set, the fact lnkshave not made loans Ti-fd by a certain segment "Visas and alleged econo-nroof econo-nroof that the banks are "-..'their part From very In the administration ."iD'ermittent yelps that the Vnot co-operating and are -uiin; to loan money. This '"i 'as they construe It, Is be-i"is be-i"is the excuse for the exist-.".Jjjneroas exist-.".Jjjneroas of the govern-asencies govern-asencies and for other is seder the New Deal that -; siting money out into the "i-aastances In the decline j loans, however, Is to my . ::: scch as the critics of the , o'.::3. It must be remera-i-s'.o! all that bankers, when :iie loans, are putting out -:::ng to you and to other s. Tbey must be reason-r.-e of getting it back, even :: ie do have now the Fed ,:s:i Insurance corporation i r.r'K'seJ to prevent losses 1 switors. Bankers, there- re willing to make loans of ' -13 sims of Idle cash their j Lid If they can only find ' rto will put op security ' -::s::g I return of the bor ' "Jisoie of the critics of the -3 Save been continuing their J I note statements from the ! ..: Wilts administration, from -S'j-straetton Finance corpor-tie corpor-tie Home Owners' Loan 'So, and the Farm Credit anion, among others, which " ii7 clearly that the govern-: govern-: its agencies Is unwilling to - '-iia unless it can foresee a i.e chance for repayment. ' is other day, the Public ,;i sinlaistration withdrew an 4 of se $6577.000 for con-of con-of a bridge In Chicago J s. sccording to Public Works -stor Ickes, ' the poUtical 1 -:jia of that city having Ju-;:i Ju-;:i unable to provide a -a of repayment of that ; day local units of the jfcM Loan corporation -ty down applications by 'im, rt seek government ; ngn mortgages on their 1 ,;5 aid them in whatever .-'? find themselves. The ;'rEent may be made re-by re-by the Reconstructs Reconstruc-ts corporation in Its deal- j; " Industry. 3 .'to various Federal Ee-, Ee-, .-f Issoed a weekly state-si state-si ,:;flr operations, and only ,- twelve reserve institu-;1 institu-;1 having ma(e loans ' .. why borrowers ,lf "'Sorrow60 few' The "il,(F C0DSCDsus given efei0 e by men who 55 rShUl(i kDOW, IS 1 - c ma reasons -1 kSand-ofcourse, ( apply i thr' ' Si Z m u. except "'ffloneylnpiace.. , wll, :;'ia.,r.0f the masons 0 that Indiviauals an put ;oaivigned b- 1 .lluin,,, ",a guarantee ;;tt the borrow- '''-d tMo ' ess men tell ; ex;ncom- 1 ""Us h i, Vhafever Is I 'latter', of confidence 1i'btits ,0,ncern 111 this "W of the gravest afraid of .rw they can "r wta tl,6lr hesl" !- "tr are 7Uy Mmrent. CCTHlnced " Is '"i which ere ls aso Ch 0De hears bo 1 1 LtLLi. oftou asked: Whoio nml uv fur does tho Now lH'al lntoiul to rd In soolaltiattoii nml reform? It seenia to ha obvious that each of these, ami perhaps others, are factors staiullng In tho way of a sound expansion of business under tho recovery phm. In tho meantime, tho federal government gov-ernment Is KuliiK nhoiul with Its program to spend our way out of thd depression. Hero ls ono Item to show what ls happening. This road building has resulted In the construction of enough miles mora than 22,000 of new high-way high-way nlmost to encircle the earth. This money was voted by congress In tho last session ns a means of creating work. Proponents of the appropriation, nnd administration authorities, hold that the $-100,000,- 000 earmarked for road building would provide thousands of new-Jobs, new-Jobs, liureau of public roads figures fig-ures Indicate that this lias been the result, but I tlnd many observers who are wondering whether the amount of money that has been paid to labor for highway construction construc-tion has boon a proper proportionate part of the total sot aside, when the purpose was solely the making of Jobs. Total figures by the public roads oilioe show that 0,;H',0 miles were completed and lu use on July 1 of this year and that 1-1,000 miles were under construction, with the probability that they will tie In use by the end of l'.XU. Contracts have boon awarded, the bureau has said, for the construction of about l.POO miles more, and work on this portion por-tion will be under way In the late summer. It used to be assumed that when economic conditions were below par, many own-Still own-Still Use .-.r3 of automo- Their Cars biles would dispense dis-pense with their machines until they were better situated sit-uated financially. Such, however, seems not to have boon the case In the last year. Automobile registrations, regis-trations, whl'.e they declined in UX3, continued to remain at an unusually un-usually high figure as compared with recent years. Official statistics statis-tics show that 2V5,S72,lX0 motor vehicles were In use last year. This Is only 1 per cent below lp;!2. The decline from 10;il to IL'32 was larger, but the point is. according to officials, that the decline was very small. The authorities Insist that the reduction In total motor vehicles In use us compared with 1032 should be considered as hardly hard-ly noticeable when the whole country coun-try and the whole number of moter vehicles ls considered. Although I have not the official statistics concerning con-cerning the sales of new cars last year, responsibile sources Inform me that this business was very-much very-much Improved nnd they add also that the sales for 1034 In the first six months have been exceptionally high. This would Indicate that a great many Individuals have found money, In some way or another, which they could spare for a new automobile. Washington observers lately have noticed an Increasing tendency among conservatives throughout the country, whether Democratic or Republican, to align themselves under one banner. The movement as yet ls much In the embryo, but 1 am told by various observers who are acquainted with political trends that the alignment Is taking a rather rath-er definite shape. Another factor and Influence that is noted now to be at work Is the gradual concen-Conservative concen-Conservative tration of busi- Trend Dess lnterests on the conservative side of political questions under the New Deal. Washington has heard lately of efforts being made which would result in the molding of business interests, or the spokesmen spokes-men therefor, into a compact organization or-ganization as a means of combating policies of the New Deal regarded by business leaders as radical in character. It is too early to attempt to forecast fore-cast as to the scope of this move, nevertheless, It Is quite apparent that ' a concentration of this strength is under way. Not only will these men and interests oppose expansion of such policies as NUA and the AAA but they are organizing organiz-ing to fight the ever-Increasing burden of taxation nnd to oppose extension of government in business. busi-ness. It is a matter of record, of course, that the tendency of government policies In the United States since the World war has been steadily to the left. Conservatives have been unable thus far to check this trend, largely because the conservative conserv-ative element never has stood together. to-gether. It is Important and significant, signifi-cant, therefore, that for the first time we are observing the development develop-ment of a conservative organization organiza-tion In this country which has the avowed purpose of turning tne American government back somewhat some-what to the right and, as the leaders lead-ers describe it, back again to t ie Constitution as It was originally drawn. , Western Nc-wapaper Union. |