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Show Hugo S. Sims Says: SAYS PROSPERITY CAN LAST e tu id the passage of legis-Despite legis-Despite the s gnmg of pacts a. hi u i e fe s 1 b .. t,,.lt ofcmnos the minds oi bus - lation, the one question that otci-t" ness loaders in the United States is whether the nation faces a serious economic slump m-the next lew years. t i-e-il'res that what the pub-Because pub-Because every economy 1)Usiliess is a factor lie thinks about he lntm. . mli,tion8 of the fu-to fu-to be measured m connection . 1 cmmtA mad(J by ture, there is m"' V; 10vitable or even probable, those who assert that it is not incnaL uiose wuu falter Williams, thinks A West Const banket, . Ktf om. ccollomic that prosperity can W l"imciiy for more stability " system has a much &ua . i tabiiizers, such as unem-than unem-than ever before, with In m- supports, which plovnient compens at i (lownward movement, tend to restran, an , le 0f this country The banker be Ueves tl; at th c . have determined "not to In o sicm" and that there are n ; sovious deprekion." that "can be used o prov out a o ut I In addit.on, the ban koi at ts standing between business and go ei uu to st o maintaining stability in a tree enterprise system sys-tem lie suggests that business and labor must recognize lie need lot-increase of consumers' real income but that an attempt to increase this income beyond the growth of productivity will lead to inflation or unemployment. Mr Williams savs that many businesses need to learn that the war, is over that the sellers' market is gone and they must price and market their products to pro-mote pro-mote sales. Since the number of persons employed m trade is lower in relation to manufacture and employment than before the war, he thinks it would be advisable or a larger proportion of our national effort to be devoted i0 "addition to the foregoing the federal budget should be used to help stabilize the economy and there mui bet hesitation in using "to the full the instruments which the government has in its monetary and debt policy pol-icy for preventing depression." In this latter field, the Federal Reserve System has taken two steps, the relaxation relaxa-tion of installment credit controls and of margin requirements, require-ments, but there are other available steps, if needed, in- - eluding a reduction of reserve requirements and an increase in-crease of bond purchases by the Federal Reserve. We present the views of Mr. Williams who speaks Avith the backing of the Committee for Economic Development, Develop-ment, of which he is president. He may be right and he may be wrong, but the only way to prevent another depression depres-sion is for the people of this country to give some thought to the steps necessary to prevent a run-away on the part of our economic machine. V MOB ACTION IN POLITICS When statesmen and leaders forget principles in order to placate noisy complainants, they abrogate much of the stability of their governmental machinery. It is fast getting to be a habit with minority groups to organize demonstrations, include heckling and egg-throwing, egg-throwing, not as an argument but as a warning to those concerned with making decisions that they might as well settle with the malcontents or face worse trouble. Consider a governmental official, or board. Faced with a difficult decision, certain to displease some ele- ments of the population, they are confronted with a well-organized well-organized group putting on a demonstration with the idea of making it appear that there is great popular clamor for whatever they want. These groups are usually arranged ar-ranged synthetically and represent nothing but the clever maneuvering of professional propagandists. The fact that, at times, Congress has yielded to pressure pres-sure tactics and lesser legislative bodies have done likewise, like-wise, encourages the demonstrants and those who, like them, seek special consideration. It is part of the tactics to claim to represent a large group of people and to allege that if these people are not satisfied thev will wreak vengeance ven-geance for .failure on the part of the politicians to take care of them at the expense of the general public. There is only one way to answer these tactics which are being exploited by the Communists, as well as other groups without such affiliation. This means a determined deter-mined stand upon fundamental principles, regardless of the apparent spontaneous demonstrations that are so carefully, staged. It takes some courage on the part of legislators but unless the nation can find them, in sufficient suffi-cient quantity, the republic is in for serious trouble. AIR LIFT A COSTLY SUCCESS Congress is soon to be asked to appropriate millions of dollars to keep the Berlin air lift running and the expenditure ex-penditure will undoubtedly be authoribed because of the general recognition that the reputation of the United States is at stake. ' The air lift was set up about a year ago to fly food and supplies into the western occupied areas of the German Ger-man capital This section was cut off from land communications communi-cations by the acts of the Russians which blockaded delivery de-livery of supplies by rail, truck or boat There was some apprehension, as winter began, that the British and American planes' would be unable to keep Berhners supplied with actual necessities durin- the cold and bad winter months. This fear did not materialize. The citizens of Berlin repeatedly cheered Anglo-American i planes flying m supplies which alone enabled them to withstand the pressure of the Soviet Union While the air lift operation costs the United States a considerable sum of money, the nrnhaWrl British and American air fo -ce an iece 7 18 l able training and, in addition ore- t "8' Sme U" that might be useful in t Sn t of t "S vT event ot trouble with Russia.. |