Show OR Till THE TIME 11 1 FOR SUMMING I iG UP I Three years jeers of depression have ended ended end end- ed and ande we e can begin to sum Stun up Hard times have brought ill III winds but they have ha also brought some healthful breezes Businesses and Individuals have been forced to write down clown fictitious vals valuations valuations val val- ons and standards This has naturally naturally naturally na na- na- na caused a great deal of hardship hardship hard hard- ship and a n long black list of bank bank- But Dut real readjustments had to occur to put a n sound foundation under family and business life lIe Those who expanded and operated on the principle that that which goes up need never come down and that boom prosperity would continue Unabated unabated unabated un un- abated forever had to be deflated The has found that It is possible to live happily and comfortably comfort comfort- comfortably ably on a war pre-war basis He lie has found that the arbiter of wages is what the dollar will buy lies He's come down to earth These are the healthful breezes of depression The decks have been cleared clear clear- ed I for action and the way to recovery Is open As for the problems of depression they are still vital and Intense The pressing and Increasing weight eight of taxation stifles the capital in- in in industry industry of the world creating unemployment unemployment and preventing Industrial e e- e el- el pan lon and the further investment of money I The burden of with their drain Iraln on national Incomes and their I I constant threat to world peace grows greater In every ery Important country j the cost of wars past present and fu future future fu- fu 1 ture tun is the major item in the national budget I The question of foreign trade looms large on the economic horizon In Ind I I normal times foreign sales amount tot totten to ten per cent of the gross In this country coun coun- try try and and ten per cent is the margin between profit and loss in the average business Today trade Is al almost almost al- al most non Almost every economist economist economist econ econ- of distinction here and abroad stresses the need for revitalizing foreign foreign foreign for for- eign trade as a factor In the work of recovery Tied up UI with this is the I problem of silver which affects the i purchasing power of half halt the worlds world i people When silver sliver is depressed as asat asat asat at present the silver standard countries are unable to buy in hr the gold standard standard standard stand stand- ard markets The picture at nt home Is undoubtedly more encouraging than the world picture pic pic- ture We have the finest industrial organism In existence we existence we have ha the factories and the machines and the farms that are adequate to our needs nerds I Our utilities our railroads our oil companies our insurance institutions are the harbingers of American progress pro pro- gress They represent honest national assets as against the fictitious assets we counted on In the boom days das Because Because Be Dt I cause the machinery of distribution has slowed it does dots not mean that the machinery machinery ma ma- I chinery of at production is lacking or faulty Our greatest single problem Is Ten million of our work- work is at present out of a ob rb d d Its buy buying ing has come to a stop Much of ot this unemployment is tempora temporary tem tem- pora part part part of ot it is the result of machine machine machine ma ma- chine displacement of labor Today the foremost industrialists are working toward plans to shorten the working day and the working week and to provide pro some means of ot unemployment insurance that will assure the able and willing worker a livelihood In bad times as well as good It is difficult to believe belle that their efforts will wUl end In w failure The weight of taxation which forces retrenchment is preventing prevent prevent- ing the employment of many of those now seeking Jobs This Is America at the opening of at 1933 a 1933 a vast ast and incalculably rich richland richland land which is gradually emerging from depression and entering a new nt era It ItIs Itis Itis is still a land of ot promise as it was in the days daS of the Argonauts It has lost last nothing that it really possessed Its earth is still fruitful Its mines mints are still filled with metals its factories are art ready to make the necessities and luxuries its people want Its people are courageous and they still have t faith Its leaders retain those vital qualities intelligence and vision Islon America will pull pullout out of ot the depression depres depres- sion and blon and from tram th the l lessons that depression te de- has taught lJ ht It m. m my CIrri fird a R vises rises and eX i i 1 drop drous in In Inthe the ceo ero 10 means of p t extreme and social and of r creating creating creat creat- ing permanent m md d found prosperity rity |