Show THE MISSING I 1 twelve months ago the american people entered a new year they entered it with the profound hope that it would witness industrial re co covery very that it would prove the fall ure or success of governmental ex perl peri ments that were inaugurated in 1932 that the great problems of unemployment declining power distressed agriculture and the uncertainty on the part of prop erty owners investors vestora in and industrial leaders would be to some extent at least solved they hoped the year be the turning point of the long period of depression that it would show where we are boing the greatest experimental twelve months in the history of our nation has ended and a new year looms during the past pear there has been progress in some directions has been retrogression easlon in others cothers retail businesses have been stimulated largely lly governmental re ilet lief but there are still on various statistics anywhere from eleven mil lion to nearly twenty million persons on some form of dependence either individual group or governmental the most difficult aspect of situation Is on confidence can be no recovery lasting and from continued gover metal aid without confidence As yet un certainty not confidence remains in the minds of those of means sav ing and industrial responsibility the people tho have money who or dinar din arlly fly would invest increase ex are frankly afraid they afraid that their capital will be tax ed away from them or regulated be yond their control or condemned legislative fiat or destroyed by gov ern mental competition with indus tries created and being created in which they might invest this element of fear extends down ward from the largest industry to the smallest the railroads governmental ownership the elec elee trie utilities fear competition by gov ern mental owned plants them out of business under conditions who can be expected invest freely to develop industries to expand to put on a greater rolls A great responsibility falls those given high public office great authority it if mistakes made those mistakes will be upon individuals those very men confidence let it be known unequivocally that investments be encouraged that property rights in lands in contracts will be pro by government that business will have nothing to tear fear from political influences that say sav ings even in gold or gold backed d securities will be inviolate that those entrusted with the manage ment of the nation s affairs will not be seeking power selfish aggrandize ment succession at the public crib and the road to prosperity will clearly ahead |