Show aluce VEXING GOES the recent decision of tho the president to abandon price ll 11 illg features foa tures of somo some malo industrial codes Is ot of axce exceptional 1 importance it stems from tho the growing belief that princ fixing is inimical to tho the consumer and the small bushi esi nian tho the darrow report which was waa tremendously publicised publicized concentrated cent rated atea attention on that there may bo be much to bo be said for price fixing used as aa a weapon to eliminate destructive and wasteful cointo competition but there la Is grave doubt if the american people could ever aver bo be brought to stand for it free competition with each unit within an industry striving to give bettor better service at a more reasonable price Is part of the american business tradition when the president preg ident started tile the attempt to fix prices ho he intimated that it was purely experimental lie he Is to bo be congratulated on making a change when lie he saw that it would not work as hoped A poll made by fortune among executives of our principal industries produces the fact that 86 per cent of them believe that the main beneficial bene fIcInI results of the NIIA codes llo lie in their wage and working provisions that gains in this direction have been made and that they should not bo be lost that Is IF certainly a progressive attitude and now that price fixing Is to bo be ended the labor features are again preeminent the american people as always want labor to bo be amply paid and protected but they do not want revolutionary changes made in our time honored governmental or industrial scheme of things WHAT IT WILL AVILL COST ono one of tho the questions which will frequently be asked about the now deal in the coming campaign is whether it Is worth what it cost coat there will of courso course be answers to the questioning varying with the political beliefs of those making the answers one of the first things to determine tor mine when launching on an inquiry of this kind Is just how much Is the now new deal costing defore before wo we know whether it Is worth what it costs we must know two things first just what it has really accomplished of itself and second just what the cost has been laying aside such an academic question as what the cost may have been to our individual liberties which Is a matter for do debate we can at least ascertain something about tile the actual cost of the now new deal official fugures indicate that the last fiscal year which closed on june 30 was the most expensive ono in tho the peacetime peace time history of tile the united states the estimated expenditures during this first fiscal year of deal were and the receipts from taxes and other revenues are estimated at this leaves an estimated deficit of over four billion dollars for one yearl year how far wo we have gone on the road toward government regulation and control of the individual and his business can be judged from tho the fact that there aro are a great many people still living who remember how muck much criticism there was of the first congress that appropriated eda a billion dollars to run this government for a year some change in a few years I 1 but that Is not quite all of it already we are looking forward to possible receipts and expenditures for the now fiscal year and which we have just entered in the fiscal year 1934 35 the chicago tribune estimates that the expenditures tures of the government under the new deal will be an increase of more than fifty per cent over the year just closed which was tile the most moat extravagant trava gant in our peacetime peace time history the same newspaper estimates that the deficit for the new fiscal year will bo be nearly seven and a half billion dollars T the official sta temen of the treasury dep department artmont at washington indicates that the public debt has now risen to the staggering total of moro more than twenty seven billion and it Is estimated that at tho the end of the present fiscal year just now starting the total debt will be thirty four and a half billions the sum iri 19 so great that it almost staggers tile the imagination of the ordinary individual now there is IB one fact which must not be I 1 ost lost sight of this debt sooner or later must be paid uncle sam will have to foot the bill tor for the experimentation of the brain trust professors and uncle sam can only get his money from the people of the united states according to the tribune eight college professors are now busy mapping out now new tax logi legislation to be passed by tho the next congress others it Is said will be sent to england to study that count rys terrifically high income tax it will no longer be a question of soaking the rich there are not so many rich as there once were and those left have a way of avoiding paying more than they consider their share of the taxes of the nation or passing it on the necessity for more money has now arisen to the place where before long all of us rich and alid humble alike are going to have to pay through the nose there may be still room for argument about how much or how little the new deal itself has accomplished there can no longor longer be any debate on how bow much or how little it Is going to cost the how little has been eliminated we are up against the greatest debt burden the world lias has ever known exchange |