OCR Text |
Show by printing enough paper money to J iake care of the deficit. How easy it I would be if the government could end j its troubles through the printing! press! The old proposal for paying the bonus by printing paper money with which to do it, and for an appropriation appropria-tion of five billions of dollars to be covered by a bond issue, to stimulate j government work, will be revived in ; the short session and doubtless carried , jver into the new Congress. i Under the plan of big loan advo- i catea, public works in all states would be started at once to relieve uncm-1 ploymen . Nobody has yet figured out .xactly how much employment this would create, what the issuance of these bonds would do to the financial fabric of the country, or just how the overburdened taxpayers could eventually eventu-ally raise the money to pay interest and principal on the bends. Truly there are many shoals ahead. It will be the duty and effort of the Republican legislators in the next administration ad-ministration to help the enactment of ; sane and constructive measures and j to block so far as possible the des- j tructive ones. j BREAKERS AHEAD? Now that the effects of the election elec-tion have worn off and they are faced fac-ed with the cold gray dawn of the morning after the guise of the short session of Congress, there naturally is not so much unrestrained enthusiasm enthus-iasm among Democratic leaders as there was during the few hours following fol-lowing November 8. They realize, of course, that there is a great deal of difference between promising and j performing. A great deal of reckless promising was done, as is usually the case in heated campaigns, and as a result a great many people expected ', that by the first of the year at least ! there would, be plenty of beer and prosperity. Now the Democratic leaders lead-ers are admitting that it may take a little longer to restore prosperity than March 4, and that perhaps after all the depression is due to natural causes following the World War, and not to President Hoover. The first efforts of the Democratic leaders are being made toward keep-1 ing down factional differences so far as possible. Just how effective their measures will be remains to be seen. A great many people in the east are expecting a conservative administration administra-tion from the new president because of the part Owen D. Young, Barney Baruch and Al Smith took in his campaign. cam-paign. Out on the boundless prairies, : however, there is a general expectancy expec-tancy that the new administration will listen to the program of men like Senator Norris and Senator Wheeler. Somebody is going to be disappointed disappoint-ed in the next two years. Another danger which the Democrats Demo-crats face is that which usually comes from a landslide and that is an un- j wieldy majority. Already there are indications that trouble is coming in the shape of visionary proposals to end the depression. These can doubtless doubt-less be handled in the short session of the old Congress, but when the! new Congress begins to function the ship of state will be launched on uncertain un-certain waters and uncharted seas. There is little wonder, therefore, that President-elect Roosevelt would like to avoid an extra session if possible. Among the drives for new and startling start-ling legislation can be listed that of Representative Rankin, of Mississip-i 'pi, a Democrat with influence in the I Mouse of Representatives. Mr. Run-1 kin wants currency inflation to the i xlent of two billions of dollars. Ile: , wants to balance the federal budget |