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Show ARE YOU GUILTY? One day a manufacturer took a census of his 400 workmen to find out : how much money they had in their pockets. The average was $28. I the Steel Corporation's workmen each carried the same amount, the total for them would be almost $8,-000,000. $8,-000,000. The American Telephone company's employees would have something like $5,500,000 similarly withdrawn from the business channels. chan-nels. And if half the people in America Amer-ica were to carry around with them $28 each, the total would reach the staggering figure of $1,500,000,000. This practice, more rife today than ever before, of carrying around large amounts of currency, is an economic eco-nomic crime. " It tends to increase the cost of living. It checks the development de-velopment of the nation's resources. It retards enterprise. It reduces the banks' ability to furnish credit to the industrial and ; business world. It forces interest rates up. It fosters caution, even pessimism, among the banking fraternity, the holders of the nation's purse strings, and it hurts the workman by reducing the amount of business which could, and would, be done were nioney and credit more plentiful in banking channels. It will hasten the business depression which nearly,. all experts declare is bound to come sooner or later; and, consequently, it makes for unemployment. unemploy-ment. If everybody in America were to carry around $2S, it would represent repre-sent a sum greater than all the gold in the land. It would more than equal half the total currency in cir-j culation in the United States. |