Show I fI f fI I I 1 j j E ANNUAL I ear vear ab about u t this tm er in in Washington begins begil about the sub aid holler receive f nl kh ch Government newspapers The flie squa's I the Postmaster ies from office for the purpose an alibi for lor the est 1 It comes s under ual deficit It and ander Scan administration andI publican I er Democratic l tr t-I t it is always the same i I ns and I I d bunk in the theat newspapers We Ve carry his at a tremendous losse loss I the e gist of the comp complaint I is a charge so utterly pho- pho i It t Y that we would not pay any I II to it except that manye many I e who do not not know v. kno the theu fooled by it u u arc do they learn about irr ii r where From lom me very news new news news' nW byway erS who are accused oi of rafting on oil the public purse purse I 0 m-int m the allega allega- I lit against ourselves nobody r 7 id d know of them the e is that the daily r r papers and the magazines magazin s 5 3 Reproved re proved over oyer and and oye over ag again agair l 1 it it most of ot their circulation i l E L be as much of it is distri distri- d l led d to readers at a lower cost to in the Post Of Office ce charge i a The cost to the Govern Govern- bt tat of distributing weekly rs free in their ho home e counts coun COUI- I hav- hav ts e. e except to post offices r free house delivery delhery adds nothing a year t to toK I K f. f expense nse of maintaining lo local loca l I t and rural route ser- ser 1 necessary for letters etters anc and andel I el post here here the big desal de- de sal comes is from the free dis dis- tion of millions upon mili mil mil- I i of pounds of printed mater mat mat- er from om the Government GO Print Print- t Office post no pays pays-no post post- at all lie ie re Post Office is a public nice arice ice which never was ined in m- Led ed to earn a profit any more i ia the Army or the Navy does doe 1 I earn a profit under like management but mj dy expects a public office i e run on business 1 js 15 s n not not ot the newspapers which 1 re s se it to run at a loss Joss how how- r. t. t it is the way the whole i I IJ J m is set up t av r THIS TILlS f hire Ere is no point in pret pretend pretend- 1 I i z that the nation is not in a af I f ns Us bus business ness depression The Th I I I point is whether it is erious as previous depres depres- hi have luve been Economists have made careful analyses the we depression which began v 1929 9 and from irom which welE we I lE tE not yet fully recovered j j the one which began eight latter in ill the Fall I Ie of 1937 e that Blat conditions are so dif- dif i i l there is no to reason i I fear d disastrous consequences a n the he present situation In Il 1929 there was a great Auction of manufactured With ith th factories working to toE I City I building construction E 3 at an time all high peak i large inventories u banks were were bulging far 11 1 credit the private debts I the nation were enormous I I I i I i II band b- b and credits were overextended ed to customers speculation was rampant money rates were sky I high and our foreign trade was vas largely on a fictitious basis of foreign currency I Almost exactly the reverse of those rhose conditions conditions prevail today The need today is for expansion in ill industrial output and in housing hous hous- I ing construction Much 1 of the hesitation of of capital to invest in necessary enterprises is due to I uncertainty about government policies affecting investments I much more is due to uncertainty about labor label conditions Once let those uncertainties be even even partly cl cleared ar d up and there is an nil almost unlimited volume of I mo money ey and credit eager cager to go to work as soon as its owners feel that they will have an even chance for profits I I r 7 r r 5 3 l 1 i l i I I 1 I 1 I 1 I I I I TAXES new sources l It is hard to find anything anything I that Isn isn't t taxed these days The I Ir and business men in iii I Manti l generally feel leel that they are carrying pretty heavy tax burden I 1 ilie end however is not j yet et The following observation was written by one of Americas America's noted writers t I hV When hen hen Michael l Faraday ShOWed show ShOW- showed ed his invention of the first I electric electric dynamo to Mr 11 Gladstone GladI Gladstone Glad Glad- stone Queen Victorias Victoria's finance I minister the statesmen asked I Iv what v hat good good it was Some day you will will be able to tax it replied Ithe the inventor He was right 1 Every new invention when it it gets into commercial use becomes be be- conIes comes a new v source of tax re- re venue In England all an the tile cost of broadcasting is pai paM paid for out of 1 an an annual aI ta tax taX- on every in ing set country every I receiving set pays a sales tax which is included in ill- I eluded in the price we pay for it Now it is proposed to t tax x r I II bro broadcasting stations on the I theory that they should pay for forthe Ithe the privilege of ot using the radio channels through the air Themore The Themore I more more powerful the station the higher the tax I Somebody Som body has to p pay y every new v tax Sooner or 01 b lator a aay way ay f is always found to ma e ria t the th hl ul ultimate ultimate ul- ul consumer py Tho rhe proposed proposed pro pro- pro pro-I J posed tax on broadcast i ng would eventually be included d in in t the lie price of products advertised erti over the radio I |