Show MR JOHN CITIZEN STILL SCARED TO INVEST A stranger in our country reading current political at tacks on american industry could not be blamed for coming to t the conclusion that the executive management of all our indus tries had not only been a dismal failure but also a direct men ace to the nation none are excepted they are all bad with the worst like cream on the top management of private industries in the united states ranging from hot dog stands through lords of autonom aut odom into the bankers through sellers of stock and down to utility companies have gotten their share of odium management would be taken over by politicians who without a blush profess to know more about business than do the men who have put their money and their lives into big ventures which have built up productive properties one and all are bad but all would be re fromert are good A great argument has been going on nationally about why the investment market is drying up why has john citizen taken to cover coverd dare he take a chance on any investment which extends over but a very short period no because he know what may come up no contract today is inviolable no investment he can think of may not be ruled out of the game he doesn doean t conw or at least knows less than he ever did about the future and that very uncertainty keeps him on an the uneasy seat makes him step gingerly and get into only the shortest time things he can find this doesn doean t warrant him doing anything big consequently everything is slowed down this is not wall street alone it Is just as true of any little town delta or another everybody of good judgment is waiting waiting danger justn t be boldly walked into thousands of office holders never earned a red cent on any investment of their own they never sheaf to meet a pay roll yet in their self confidence they would control big and little no farmer would have a very long respect for advice from a man who never held a plow in soil the simile is just the same A lot of men who never made a big business would run by political management the biggest silly it possible that just this political management is what is the matter I 1 the american investor has become fearful and hostile of and against political tinkering it is not wall street it is the general feeling the feeling of little and least to be careful to step short steps to play the game close to the cards taking the very least possible chances a slowing up generally and that slowing up generally goes today by the name of recession it is business has receded from the brisk forward chancy attitude to the slow safe careful approach to an uncertain problem nor is it fear it is just good solid bus indess sense with less tinkering less reform john citizen will see daylight then johns money will come out into the currents of the stream instead of wading gingerly in the shallows where he can scamper back in a hurry take such a little town as ours what private improvements can you recall in the pasC three years in the past one year yeara in the past three months and yet none of our people are economic royalists none are princes of privilege A great many other epithets don t fit them |