Show U S finances fin ances on safe basis new deal spending really investment Invest men t of high order to reduce expenses by EARL GODWIN washington saras sams credit la Is undo uncle good theres no danger of the old gentleman going into bankruptcy lie he owes more than lie ho did in the days of tho the thrifty coolidge but evidently theres plenty of money in the hands of people who lantto want to lend it to uncle sam for his total coial interest charged charge Is lower than it was in the ahe coolidge days lower jower on april 15 of this year the treasury called in the last of the wartime liberty berty bonds bonda which I 1 w were ere pay ing 4 per cent interest these will be exchanged for bonds bond sat at a lower rate yet to be announced but buton on the average uncle saw sam will be paying per cent for borrowed money which Is cheap incidentally with calamity howlers bowlers predicting financial tragedy through new deal spending remember that the now new deal has retired the bonds which financed the world war inci incidental dental ly also most of this so BO culled called new deal spen spending dlug has been new deal investment of a high order most of the money borr borrowed Dived for the war was spent la those destructive activities which created the vacuum into which rushed the whirling whir lini storms of oc worldwide world wide depression Pres slon our new deal debt has resulted largely in constructive enterprises terp rises increasing our national wealth cheap money means just as much to the ordinary roan man and woman as it does to the big business man for cheap money means lots of money running easily and smoothly through tho the arteries of trade tra and business I 1 think that to have an easier money situation right n now ow Is a tremendous victory for the financial policies of the new deal ahen tho the bankers finally awaken to the fact that there Is nothing wrong with the situate situation on and are teady ready to loan to business i large and sin small all that two and a third billions they are carrying as surplus we will be on tho the high road to fortune the willell which president roosevelt Roosevel bad had for the first two to years of the he emergency program to beat the depression will not all be spent by the end of the two iwo year period by about 2 it Is difficult to spend money that fast but the that has been spent la 18 easily accounted tor for of this money loans to banks business and tile tho self liquidating projects which will be paid for and tor for which the government holds good security amount to W PROMISE MONEY RETURNS for great public works projects AMU like the LUU boulder dam tennessee valley ralley project homesteads subsistence projects and the vast program of federal aid for good roads the sum of has been expended most of tills this money represents tangible values tile the public has haf received something for it and many of the projects will have actual money returns for they are sound public investments Invest menis for re ilef money to feed and clothe the unemployed and destitute the sum expended was most of tills money therefore has been expended expend bd edor or loaned for things right here nt ht homel most of it will be returned some of it has be been en used to i thaw out frozen deposits in tho banks some of it Is now turning tho the wheels of industry the part which we will not recover in the form of cash was the money spent to saye human lives and tob to preserve reserve the morale of our lour people it if wo we spent that money for relief who knows what would have happened by clever handling this administration has haa achieved a part of its ita recovery program i and Is entering on the second stige stage with credit good and the count country ln a state of of optimism despite tic the terrific wallops we nye are still getting in tho the drouth regions theres no difference between uncle sam running up a debt and anyone else when you go to tho the bank to borrow money the bank wants to know what yop are worth what your earning capacity Is and your record for paying debts well when uncle sam goes to the bank to borrow money from Us lis own people he has haa total natural resources resource es of untold billions his income as a nation all the people all the busl ness last year deac was about lie he owed about or about one halt half a years lacome income lie he had been a going concern for years and he had been good pay all that time why even poor old france who seems to have a good credit owes twice as much money as she takes in 14 in one ona year all of uncle sams have a smaller debt burden ulan than those ot of other lands further we are now about to reduce expenses two more years and wo we will be out of the woods thero there Is no danger of this coun try being bankrupted or op bogged down under tinder a debt burden by tile the constructive recovery programs of 0 the new deal TO RELIEVE DUST VICTIMS nearly a billion dollars will be used by tho the federal govern government mentin in tho the next two years in an effort to relieve the tha suffering and losses from the dust storm areas of tile the middle west and west some of tilts this money Is to be spent immediately to relieve farmers farmer who are una unable bleto to ninke make a go of their land which Is blowing away from them in clouds larger portions of it will be used to fur ther the nationwide long terin tena plan to prevent soil erosion dust losses floods and every other of the various scourges urges which nature ha has s visited upon this country as a punishment top for haphazard exploitation of tia natural tural resources it Is now generally accepted that there Is a balance of nature which must be preserved in order to keep a continent from being washed away by floods or blown away by so called dust storms the plowing up of ODO acres of grass lands to furnish wheat and other ather grains grain for europe during tile the world war harshad has had more than an economic effect fcc that acres of grain lins has contributed toward the tremendous surplus which has caused our economic problems in agriculture to a great extent bu but also it is bv eldene Ident that nature never intended that grass land to be plowed the grass held the soil sell down now that wis it Is gone the wind to Is blowing the land away blowing off tile the top soll soil leaving bare infertile square miles of ruin it Is figured here that acres of farm lands have been abandoned because of soil eoll erosion As secretary ickes says soil erosion Is 18 the thief which takes away the earth by the billions of tons A tremendous campaign has been launched against tills this thief rind and hla his allies the interior department alone has a dozen offices each of which Is specifically dedicated to the reduction of a waste that would bankrupt other countries boit noi so plentifully endowed with resources there are many ways of combating the lie loss of the soil there Is a system of strip cropping there are field terraces steep slopes and fields are being treated so as to prevent washing away to leave gullies guilles and waste spaces there Is a nationwide tree planting campaign artrip a strip of trees in a zone a hundred miles wide running f from rom the texas teas panhandle northward to tile the Cli canadian naillan boundary 1 DOING SPLENDID 11 WORK the united states forest service aided as it la Is by the young youn men in the CCO camps is li carrying carry ln on splendid work which will be advanced even further when the CCO CC enlistment Is iii doubled tills spring and summer there Is a direct relationship tion ship between the denuded for ests and the floods and drout droutas hs our ancestors who chopped down ibe forests did not know they were unbalancing nature but such was the case science has proved tint that there must bo be just soi so much nuch fore forest just so much grass or else there will be uncontrolled floods in some regions and drouth in others foichat for that reason scientists hero here believe that the mile wide shelter belt of trees which will take a decade to plant properly will eventually alleviate drouth conditions by holding rain and snow decreasing evaporation allowing moisture to penetrate and breaking the he high win winds which blow the soil off formerly when floods occurred I 1 there was a sort of catch as cat catch ch can methodist meth alleviating the condition the remedy would be applied locally and little or no consideration was given to remedying the underlying causes of river floods in a national sense wo we were so busy doing things by congress congressional loi ial districts or states that we forgot that nature recognize politics under this administration for the first time attention Is being paid to tho the scientific fact that the american people must handle these natural problems in natures own way underlying the new deal plan I 1 Is s the report of the natural resources board which Is the basla basis for the presidents 25 year acar plan for controlling floods restoring i the strength of the soil preventing erosion land and dust waste developing our yealth wealth of con coal oil forests and power la in a way that thal will prevent selfish exploitation and further ravaging of iha the rivers woods and lands START ANEW IN ALASKA within a few days now the united states army transport st SL will sail ball out of the harbor of san francisco with 1800 1500 persons aboard who will start ufa life anew on lind land in aliska alaska which the government to Is setting aside for this experiment in colonization the government will furnish not only the land but the farm tools toola and the work animals these thesa people who may form the nucleus of a tremendous population which certainly could be supported by the vast territory oa alaska are unfortunates on the re lief rolls in michigan wisconsin itna minnesota who are thus being given a new noart in a now nev country with a tremendous tiemen doug amount of money and push behind them it to Is by mhd way the first large sized attempt this government has made toward colonizing alaska the new farms will be all within the fertile matakuska Ma valley good tw fox dairying and truck gardening 0 western newspaper union |