Show v B I r I INFLATION All of the discussion over the money question as far as we understand it and it and that isn't el very y seems far seems to come conle down downto to this There are a great many sincere sincere sincere sin sin- cere persons who believe that the only economic salvation of the nation lies in increasing the volume of money in circulation That broadly is called inflation inflation inflation tion And there is another group of persons most of them doubtless equally sincere who think that inflation can end only when the entire nation has been plunged into bankruptcy cy once it is begun These two groups probably are re both wrong It does docs not seem to many that what is needed is ismore ismore ismore more actual currency but a aa aa aa a more rapid circulation of the currency already available If we read the reports of the Treasury correctly correct correct- ly there is enough gold reserve in the hands of the Government and the Federal Reserve Banks to warrant the issuing of 11 1 nn nn IY nt r u o co laxly 1 aJ a. lUU uv uvis 4 is now in circulation and and still remain remain remain re re- re- re main well within the limit of what has always been regarded as the most conservative tive fin fin- ance Against our four and a half billion gold reserve there is little more than five billion of currency outstanding yet a forty forty forty for for- ty percent gold reserve is considered consIdered considered con con- extremely high We Ve do not think that either the Administration or the Federal Federal Federal Fed Fed- eral Reserve Board is so unpatriotic unpatriotic unpatriotic so deaf to the distress of the people of the United States as s to withhold its hand if there were any way untried of getting getting getting get get- ting more currency into th the e hand of the public short of outright outright outright out out- right gifts We Ve they are working toward getting money into the hands of the public ina in ina ina a dozen different directions and that they are making progress Farmers and many other industries industries indus indus- tries are getting more money for what they have to sell more men are earning wages and immense sums are are being spent for public works and other enterprises which put money into l tion But we do not regard these normal processes as inflation in inflation at least not in any derogatory derogatory derogatory de de- de- de rogatory sense of the v word rd As for the rabid anti who see in every move to make the dollar cheaper in terms of commodities and services services services ser ser- vices a threat to the investments investments investments invest invest- ments of the creditor class we we think they have very shaky ground to stand on We Ve hope to I see it possible soon for debtors debtor's to pay their debts in dollars that are no dearer than dearer than were the dollars dollars dol dol- lars they borrowed A PRACTICAL PLAN If each family will eat an extra ex ex- tra pound of cheese during the week of December 11 to 16 the dairy farmers of the United Sta States tes will be very grateful as ast ast ast t h i s oS increased consumption would eliminate their surplus of cheese and help them back to recovery and nd normalcy National Cheese week seems to be based on a n sensible theory and as nearly everyone e eats ts cheese they will only need to eat a little more cheese each dayto day dayto dayI to insure the success of the plan I I to help hundreds of thousands of farmers who have cows as aswell aswell well as the creameries and cheese I factories Its It's a day 6 week plan get get in on it MARCH 1 OF THE NEW NEV DEAL Several million new hands hand have gone one to work york in our coun coun- try Production has increased in factories and particularly in public projects Your Government Government Govern Govern- Government ment is spending money lavishly lavish lavish- ly to beat the depression Every form of industrial activity is being being being be be- ing aided Relief is being provided pro- pro vided for f those Tins A who are un against it Official and unofficial records show that there is an increase in the volume of consumption Price has a lot to do with pro pro- fits The existing plan of moderately moderately moderately mod mod- bigger prices contemplates contemplates contemplates plates a bigger break for employers Collective bargaining plans for wage Money loney juggling by the Government is isan isan isan an important experiment in the New Deal There is reason to believe that the New Deal aims to shift the burden of taxation onto the shoulders of the mighTy might rich The ordinary and the forgotten eman man is being promised the benefits benefits benefits bene bene- fits of a re-allocation re of taxation must pay the bills Officials in Washington say things are improving throughout through through- out the Nation The President and his administration are greatly great great- ly encouraged I CONSERVATION TION I f There is a big turnover now J I taking place in the Civilian ConI Conservation Con- Con I ser Corps as over young men have been separated from the camp and an equal number of new men given the opportunity to enter the 1468 forest furest camps which will house the men during the winter I months New wooden buildings have been provided in the North Ii IT camps hi tn n the South the men will continue to sleep under can can- vas |