Show IDLE NEI FN THE BAN BALS L S 77 it is an anomaly in the current depression when so many are howling vociferously and relief is being with open hand the real money of the nation its savings have stood high the banks are full of it commercial loans which are the index of turn over remain small but savings still hold high that is the stored wealth for a rainy day is just as much as it ever was but turnover business on money new investment entirely new ventures are steadily going down locally let us say we pay interest at from eight to ten per cent on small transactions but in big items money in new york remains low 3 4 up and no avenue to put thai that mo money ney to work but in government bonds short term exceedingly low interest yield merely a stop gap for the moment abating a time when once more safe loans can be made in business for new plants new machinery new investments the bankers are not in fault it is not their money it is depositors money hoarded with them they the bankers are crammed full of money and eagerly seek an outlet for it an any return low as it is merely that it be safe bonds are held even by the banks because there is no one that wants the money ford says that to provide one man in his p plant lant with a job he must invest in lands plant machinery tools before he can set that man to work it is true but what makes business drag is that no one is build ing new plants new machinery mac hiery new investments or starting up new things it is only the big corporations whose stocks are being bought you and I 1 are marking time on the old and the thousands and thousands of us aggregate a lot money is not flowing into the capillaries into a few limited arteries only when dollars are idle men are idle when dollars work men work dollars can cant t work in competition with government either one or the athert must have free rein and if we grant it to government what will be the difference then be tween a totalitarian government controlled state and a dicta tor state the question looms large and foreboding whatever the vic answer may be the one fact stands out in undisputed prominence money aloney is plentiful idle cheap and yet we have a depression one thing that hurts business very much is the value of the dollar A contract entered into today due in installments ments however spread out the longer the more dangerous will be paid back in what in hat kind of money monea 9 A measure was put forward in congress only last week to further devaluate the dollar by twenty per cent NN hat manufacturer will pay out the high priced dollar today in wages and material to be paid back the low priced dollar when he comes to collect 9 and further the danger of inflation attends every one of those devaluations and inflation is what sherman said of war hell there are so many things that affect the present that it is no wonder business is idle needing government pump priming and yet still failing to survive after each priming A reform issue once so wildly besought in other channels could well and with profit be diverted into this needed reform |