Show GIVES ECONOMIC PLAN D C former america americas bakkers association WE E hear much ot of future economic W 11 planning to me save the nation from a repetition of depression anil and promote more table stable business activity I 1 know no better plan to suggest to insure future fut t u r a better lines times than that every w a g a earner every family it and n d eve every y business throughout the country lay it R c Q 4 down ai as soon as they a are r a able a program ot of proper sai takings lags as the foundation of their financial policy I 1 know of no better plan than this to build for the nation as a whole a stronger economic hitun tion th that Is through a common structure of individual working earning and saving saying and I 1 know t f no better plan to revive activity in a depression than to spend a proper volume vollme of past to keep the momentum of business going but unless these c arc are tat ings ft in prosperity there cannot be tp erding turing aaring depression those aho ft ho practiced thu this plan during the past period of have a security and a protection against present adversity that could fcc be provided in so no other ray tho those so who did not are the ones who are now most dependent upon others it there had been more preaching ot of this doctrine when it was more feasible to put it into effect than it Is now there would bo be less depres slon sion and less financial insecurity however there should have been more emphasis on b biolzi dur ing prosperity a measure of the cm em today might properly be the other way at least to the extent that those nho can safely do so may well increase their spending instead of overdoing their laving saying while many have seen thur earn ings fall there are millions who have bay not suffered ered so seriously in reap respect et to the real purchasing power of their incomes it if we listened to all the scare stories ot of the day one might get the impression that everybody as out ot of a job and business was earning anything many of our people who aro are able to continue a normal program ot of prudent buying are curtailing ther expenditures leeond reason ut A Ausia business ess stimulus the s sum total ON of this unreasonable curtailment of spending is an economic influence contributing to the stagnation of trade dy by the opposite token I 1 believe the resumption of normal spending on the part of rit those who are able to do so would be an important tonic toward the stimulation of trade I 1 do not mean by this that we wa should have in discriminate spending merely for the sake of spending but the very motive power of our economic life Is to the interchange of goods and unless we have that we cannot have prosperity I 1 strongly believe that e are at that point in the depression stage ot of the business cycle that any sound stimulating influence will start a real movement in the direction of cf a return horard prosperity so much of the weakness of thi old state of affairs has been liquidated so many maladjustments corrected and suh large resumes of our consumers goods havo been used up or worn out that tf the 9 pressure of necessitous purchases must sooner or later be felt when that time definitely comes we may consider cons ller it the first trot impulse of a new era ra of normal business |