Show nelaida ne laid by western newspaper union UA FINANCIAL SPREE AND A HANGOVER PAULT PAUL T BABSON TIKE THE interpreter and prophet ol oi business an and d governmental trends tells us demill we will mill have a system 61 socialized capitali capitalism smi in which business labor and government will pate t the government la is in business today an ah economic revolution is going on within our own borders and it is a real revolution even though a bloodless one abne it af babson Bab sonis is right and he ti proba ably is it means we are seeing tho the end e nd of odthe the american system i of free competition and oro are entering upon t an era of state capitalism f the change comes if it does Jar largely gely as a result of our speculative spree of the late twenties when most of us expected to get rich ilch over over night because of our marginal speculative stocks and the opportunity port unity rIty off offered ored either unwise or unscrupulous stock manipulators to 1 y pyramid financial structures with mth 1 1 nothing but a publics gambling 11 41 r craze to support them f rather simple mple ol 01 legislation might have prevented it or itt at least stopped it before it reached on an alarming stage for one thing a raise in federal reserve rediscount ra rates testo to a point where the public could not borrow money with which to gamble would have stopped a blage large part of it all or legislation such ai as our present security law would hive have pie prevented vented the foisting of f worth worthless lesi stocks on the public but until we had burned our fingers gers until bur our visions of wealth were dissipated any such legislation would have been decidedly unpopular or we paid for that financial spree of the twenties with a long and severe depression now according to babson we are again to pay for it with a loss of the system which lias has anade us great and prosperous we are to exchange changa cx it for a system which has wrecked european nations it is a heavy price to pay CANNED beana THEY TELL mt ME at the grocery grocer 7 that there will be by no more canned baked beans fod for the duration because caused of a shora p of tin for cans st in n the e happy vacation days fol Jowl ng the trails I 1 a of the canadian northland we had baked beans but not noa come coma in a con can the vu idona by joe je friday arlda a ri 0 m 4 t it hs wae waa 1 bean deans rii u wilh with agallos bucket 7 on w which was a tight fitting lid he aou would id put in an inchol inch oi boiled beans cover cojei them th em with a layer of salt pork then more beans beana irid and more pork until the bucket was was filled A we hole in the w ground was his oven ile he lined it with rocks and then filled it with i pine needles fox for a roaring fire until the rock and enith earth were well w 1 heated when the fire had burned down to but abbed a bed af pf coals joe Joef would put that gallon of pork and beans into the hole shovel over it the hot hat sand from the side of the fire and the next morning we had pork and beans that were superior to any canned variety the war may stop the canning of beans but it will not stop the operation of joe fridays methodi method and I 1 am glad I 1 remember how it was done government COST IN WAR EFFORT IF YOU HAVE a bank account or carry an insurance policy you are helping indirectly to finance the war federal reserve member banks purchased A a total of of government paper within the post past year and now ore ard carrying a total of in loans to thi the government that of courie course is done with the money of bf the banks depositors and is the safest invest t merit the banks can make it would better serve national stability if the bonds were purchased by individuals and for the individual as aa for the banks government bonds are the safest investment that cabbe can be made here are a few astronomical figures on the financing of the government and the war for the fiscal year of 1943 it is expected that government expenditures will be something over 70 billion dollars of that amount it is believed the public will buy bonds to the extent of from 12 to IS billions insurance companies will absorb about abou two billions oilier institutions iome some three billiot bill loT the he remainder must be met out 0 oi baxes al ell or provided by the banks as additional loans to tho jovern government nent or saved by congress in cuts for non war expenditures every dollar saved would help the american peo pec aiple pie to carry the barlond war load lond 0 IF CONGRESS would take a few days off ond and permit the members of the house and senate to go home homa lind and consult their cons constituents constitute titue ants it might find fand there are more mere votes to be made by economy measures than by heeding the urgings of the minority groups lobbyists hobbyists 0 0 IN 1908 a automobile uto mobile tires cost 1750 for to each 1000 miles of driving thirty years later in 1938 1038 the cost of tires for each 1000 miles of darivin driving g had been reduced to 64 cents |