OCR Text |
Show (Released by Western Newspaper Union.) WE SHALL BECOME WORLD'S FINANCIERS ENGLAND WAS the greatest of the creditor nations for generations, in fact for centuries. To maintain that plan, England was forced to finance debtor nations. She did it by supplying the funds for development develop-ment of those nations. She developed devel-oped their resources, she built railroads, she provided shipping facilities. fa-cilities. .Large quantities of English money were invested in many countries coun-tries of the world. Such funds were provided not so much by the English Eng-lish government, as by the English people as individuals, with the government gov-ernment back of them to minimize their chance of loss. That will be America's job when the present world conflict is over. It was our job after the close of World War No. 1, but we did not do it effectively. We did not know how. It is a problem our financial leaders must study now if America is to achieve that world dominance which is her destiny. SOUND ADVICE THE AMERICAN BANKERS magazine says every man or corporation cor-poration or institution that in any way depends upon public patronage for support should never permit any issue of its hometown newspaper to go to press without containing a ' mention of his or its name and busi- ness. To that it adds: "The man who does not advertise his business does an injustice to himself and his town. "The man who insists on sharing the business that comes to town, but refuses to advertise his own, is not a valuable addition to' any town. "The life and snap of a town depends de-pends upon wide-awake liberal advertising men." The wise business man will follow the advice of the Bankers magazine. DIVIDE AND GET FIFTY CENTS A YEAR A WOMAN CLERK in one of the retail stores rides the same suburban train I take each morning. She is j married and every day tells me of the small wages. S25 a week, her husband receives, all because others are paid such unwarranted salaries, from $25,000 to as much as S200.000 a year. I became rather "fed up" on her daily complaint and looked up a few figures. "How much do you think your husband should be paid?" I asked. "He could have at least $100 a week if they would divide up the unwarranted salaries paid in this country," she said. "Would you place the limit at say $10,000 a year?" I inquired. "That would be too low." she replied. re-plied. "Many people are worth more than that." Then I pulled out my figures. "Do you know." I asked, "that if all salaries of more than $10,000 a year were divided between people peo-ple of the United States it would mean less than 50 cents for each one of us each year?" She refused to believe it, though it is true, but I have heard nothing more about the salary her husband is entitled to. IS THIS DEMOCRACY A CONTRACT the C. I. O. was demanding de-manding one of the big aviation plants must sign, or else , provides that the company cannot discharge any member of the union because he is a communist; it must pay a maximum wage scale of $1.15 an hour; compel all employees to join the union; collect all initiation fees, dues and fines for the union; pay for time off for sickness; grant two-week two-week vacations with full pay; pay any member of the union the difference dif-ference between his earnings as an employee and his pay as a soldier during his period of conscription. That plant is working exclusively on defense orders and NLRB supports sup-ports the union's demands. Is America still a democracy? Ir DAY DEMAND WE ARE NEARING that much-talkcd-of "M Day" when all of our man power and resources may be mobilized in that "all out" conflict which is now engulfing the world. When it comes there will be no question of profits, hours, or wages. It will settle all present difficulties with a demand for production, for work. SAC'KIFICES UP TO THE present time, the only Americans who have made any real sacrifice in the cause of preparedness pre-paredness are those who have given up good jobs or lives of case to go into the armed forces of the nation for a wage of $21 a month, and the families of those men. nl.KSSINC.S HERE WE AMERICANS represent one-sixteenth one-sixteenth of the people of all the world. Wc consume and enjoy just about 50 per cent of such luxuries and conveniences as automobiles, telephones, radios, bathtubs and many other things. We represent, under normal world conditions. Just about 50 per cent of all the purchasing purchas-ing power of the world. In the face of such facts there are people who would change our democracy, our way of life, to some one of the totalitarianisms of Europe. |