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Show 4 Hill I i n i .i i -.i nm ii Economic Highlights Industrial News Review Happenings that Affect the Dinner Pails, Dividend Checks and Tax Bills of Every Individual. National Nation-al and International Problems In-separate In-separate from Local Welfare. oOo The great drive for November votes is beginning and both major parties par-ties are throwing themselves into the job of getting them with more force '; than they have shown for many years. The Republicans, who have been dor-' dor-' mant for the last year and a half, are emerging. Definite, reasoned opposition opposi-tion to the Roosevelt program is ' springing up. In a recent magazine 1 article Senator Dickinson, who pro's: pro-'s: posed Herbert Hoover at the convention conven-tion which nominated him, made these definite criticisms of the present ad-" ad-" ministration: That the Democratic party has been leading us toward a dictatorship; that its rate of expenditure expendi-ture of public funds, if continued, will result in national bankruptcy; that it is destroying individualism and private pri-vate initiative; that a return to Republican Re-publican principles is essential to the ' 1 preservation of the constitutional gov- eminent and our ancient traditions. Mr. Dickinson's points are generally in complete accord with those of ' Chairman Fletcher of the Republican central committee. The Democratic party is not taking criticism "lying down." For example: Recently only H two cabinet officers Hull of the " state department and Perkins of the labor department were in Washington. Washing-ton. The rest of them were about the country, making speeches and looking look-ing things over. Less important of-K of-K ficials, such as the sub-cabinet mem- bers, were likewise in far places, and it would have been hard to find a state not visited by some administration administra-tion official. Gist of the talks made E by these men is that the New Deal, it for the most part, has been success- ful; that we are in the middle of the stream now and that changing horses would spell ruin; that if Mr. Roose- velt is permitted to carry on his po- licies, with full congressional support, for two years more, he will succeed in bringing prosperity back. The ordinary or-dinary voter is obviously in a difficult diffi-cult position when it comes to making up his mind. He has no means of knowing how much recovery has actually ac-tually been achieved -almost all the k reports he receives are prejudiced in favor of one party or another. He is aware that neither party is above doctoring the facts to prove a point; that when election time rolls around, political considerations are paramount. para-mount. Most forecasts lead to the belief be-lief that the administration has lost considerable ground, but that it will still maintain control of both houses of the congress. Main reason for that is Mr. Roosevelt's personal popular-"" popular-"" ity it is thought that millions of people who are fundamentally oppos- ed to his policies will vote for him and for Democratic candidates because be-cause of his personal magnetism. It P is a fact that sheer personality is one of the greatest assets any public man (Continued on last page) Economic Highlights (Continued from page 1) can have and the November elections elec-tions will show how potent Mr. Roosevelt's Roose-velt's is. oOo A major issue of the time is state of government finances. The tax problem, prob-lem, which has always been with us, has grown amazingly during the last few years. Depression, which increased increas-ed the need for relief expenditures of one kind and another, intensified it. Latest forecasts point to a steady rise in government spending during the current fiscal year. When the. last fiscal year came to an end on July 31, the deficit amounted to $4,000,-000,000. $4,000,-000,000. It is said that government fiscal officers anticipate that expenses for the current year will amount to about $10,000,000,000. On the basis' of estimated income, that means we will have a federal deficit of around $6,-000,000,000 $6,-000,000,000 when this fiscal year comes to a close. One of the things that has thrown administration figuring out of line is the drouth. A total of $525,000,000 is now available for relief, but many believe be-lieve that it is not sufficient. It is felt that the government will have to appropriate ap-propriate still more money to help drouth sufferers, and some are of the opinion that at least $800,000,000 will be necessary. oOo The German situation has passed out of the headlines for the moment but it will be wise to keep watch on it. Austria is struggling with civil war Italy has troops ready to go into battle on short notice and the problem that Central Europe presents grows constantly more important to the peace of the world. All European eyes are turned on Hitler, the iron-handed iron-handed dictator. He recently made a speech in which he advocated international interna-tional peace and understanding but other govenments still want to .be shown. They know that Germany is embittered, that the Treaty of Versailles Ver-sailles still rankles, and they are preparing pre-paring for any eventuality. |