Show the why of depression in a recent copyright article appearing in the san francisco chronicle leonard P avers vi vice ce president of the cleveland trust company held that rigid economy is the only cure for the depression he pointed out that the war cost the participating nations a sum equal to about a minute from the time of julius ceasar to that of herbert hoovert most dost of this money was raised by borrowing against the future after the war all nations decided to make the modern improvements prove ments the war had made them desire this was accomplished by borro borrowing wing more billions the result was a period of expanding indebtedness which produced a kind of now the trend is the other I 1 er way we have been forced into debt contraction and our economic troubles have resulted in past years we mortgaged our future income and the time for paying the piper has come individuals families businesses and governments must balance their budgets budge ts in order to bring order out of chaos waste and extravagance must be eliminated the depression will pass but we cannot do away with it by a policy of spending that will merely duplicate the period of inflation we have just left be behind hindus us |