Show 1 IT TAKES BACKBONE TO it takes courage for a public man to preach economy at a time when the nation seems to be fixed in policy of continued spending it also takes courage to look facts in the face when they are unpleasant those aiho ho are working quietly but ef fictively in an effort to find ways and means of cutting costs are doubly handicapped first they are in the stream current and carri eed along its force of spending second it is not popular to do the contrary the whole gigantic field of the fis cal problems suffers from the attitude of defeatism it is as fumed that it cannot be stopped it is assumed that it weakens that it debilitates yet all seem to say we cant can t stop bowl now mayors governors chambers of commerce all insist when the issue comes to their commonwealth that in that in stance for them and theirs for their needs it be kept up spending breeds greater spending do it once it didn dian t hurt do it again get it while the gettings getti are good it may be shut off and then where are we wea it is a historical fact that one of the greatest booms in united states history followed the greatest slash in federal spending that was in 1921 cal coolidge the stingy put on that racket and we bene fitted by it germany italy japan watching our crippling spending and glad of it easier to conquer A depleted treasury is the poorest weapon to go into war with how they glee on how little that really counts we are getting from our vast expenditures england appeased germany at munich then had to beat it hot foot to the big bear and say balshy we don t like your sickle and hammer crew but we gotta have em to fix up our pound sterling goose stepping sharpshooters are mauling it england went back home and dug in some bomb shelters france ripped up the streets doing the same thing both of them bought airplanes from us hitler and bonito keep the spy system working overtime to ferret out dissatisfaction at home borall the world currently believes the main body of the people would balk in either nation against getting into a prolonged war a bluff no so far adolph has won without declaration of war commerce wins war blockades cripple any nation upon whom the blockade is enacted hence the undeclared war now raging is in government subsidized warfare for trade for dominance in latin america against the U S japan germany and italy being all very active in that territory and all united in a common front to defeat the firms representing the united states mexico steals our oil properties and sells the oil to germany all about us the ring of competition tom petition is aimed warfare but in commerce today an undeclared war in preparation the united three want us to have a depleted treasury thea sury our people discontented and no commerce in the world markets to build up b without recovery the new deal Is swamped for 1940 hence the palliative sops harry has held out why he and others say business you can put em to work we cant 0 the street J journal recently described business during the past few months as having undergone a sidewise 1 movement it neither went ahead nor behind I 1 |