Show prepare now for VICTORY V I C T O 0 R Y AFTER VICTORY the problem of changing from war work after world war 1 I to peacetime production plunged us into a long and grim depression rural america felt this depres slon sion five years year ahead of industry i i and bus business inels we vie tried to warn la lai 1 i lor boi and capital but they would not believe the warning and insisted the rainbow and the pot of gold at the end would last forever finally the bubble broke and the storm come came we had 12 markell million j unemployed the domestic market for farm production was gone and even the smaller export market sur 1 j only when we loaned europe the money to buy our pro products ducts farm income was reduced mortgages increased and many farmers armors lost their farms while industry i big and little was at its wits end to survive to prevent a worse Ie depression press ion our problem la Is to prevent even a worse depression at the L md end of this war every industry big and little has been re tooled to produce airplanes tanks cannon and weapons of war millions and millions of dollars have been spent for this purpose when this war is ended it will take the same millions of dollars to turn these industries back to peacetime peace time production lessons lemons of world war 1 I we learned after world war I 1 that our country cannot prosper unless agriculture prospers pers we know now that our dur country cannot prosper unless agriculture culture business and industry and labor are all prosperous whatever our personal feeling may haf b the fact remains that all of these groups taken together make up our domestic market which consumes over 80 90 per cent of our total production labor can purchase its maximum offard of farm products if each worker has a permanent job at good wages the employer can pay good wages if he has something useful to manufacture and some one has the desire and the money to buy it jobs at good wages depend upon art arl employer who is making the money necessary to pay the wages firm farm prices reflect good business this makes it plain th that atwith with em players and business busy in useful elal undertakings with all workers employed at good wakes wages farm prices will bo be good and consume tian at its maximum th the key to the situation Is that employers shall have the cash money meney ea at hand to change from war manufacture to peacetime peace time activity with the least possible delay dclay when this w war ar ends our united states senate is ia searching for a plan that will produce maximum revenue to the government to insure victory provide at the end of the war big enough and quickly enough to convert business and industry from war work to peatie peacetime time necessity but without the government having to borrow and lend the money tor for this purpose after the war is oyer over here Is a simple practical plan for the solution of all these problems there is one alm ilm simple ale plan of outstanding st practical value based on the idea that war profits from all companies biz big and little should be used for this purpose the tax rate on war profits is figured at about 00 90 per cent business and industry pig big and little would be permitted however to deduct from their taxable war profits 20 per cent of such luch profits provided the deduction it used to purchase united states recovery bonds recovery bonds would be a cial kind of bond for this purpose only recovery He covery bonds could not be sold gold or borrowed upon during the war and neither would they pay any interest they must be held by the purchaser until the end of the war the day the tha war is over these bonds would automatically start to bear interest could be bought and cold arid and beco become methe the same as any other government bond the purchaser could sell them or borrow upon them to obtain the money to 10 change chafia his big business and plant from war production to peacetime peace time production di when and as he needed money deyto to do this job profits for or peacetime peace time recovery in other words business big or attle would be required to contribute 20 per cent bent of its own war profits to provide the money to change its own plants back to peacetime production the fairness and equity of such a plan is perfectly plain each company by using 20 per cent of its own war profits to buy recovery bonds builds its own backlog to bridge from war production to normal peacetime peace time activities dig big companies and small companies will buy in proportion to their size and needs until the war ts Is over in the meantime our government receives the maximum in hi revenue to produce for victory and we the people have established security against the worst depression of all time with Wit hsuch such a plan adopted and in operation we can all give our maximum to the war effort secure in the fact that when the war is over we c can 1 an quickly and safely go back to the paths of peace the necessity for such a plan is so apparent the evils of depression so trim grim and widespread that we the people can well afford to take time out to support rt our senators and congressmen e in lathis this effort to bypass another de p ro y w t |