OCR Text |
Show oo NOT TOO MUCH ALARM. Hearst, in his Chicago American, makes a protest against too much economy, declaring: "Food economy is all right and necessary. Food is scarce. Wo are sending enormous quantities of food abroad, which is dally making food scarcer. It Is necessary that there should be systematic regulation and restriction of food supplies. That is a government function, and should be exercised by tho Agricultural department depart-ment undor sufficient powers reposed In it by congress. But this alarmist cry of extreme economy, this appeal to savo everywhere and spend nowhere no-where is nothing less than a demand that the country proceed to do the very thing which creates depression and panic. Not long ago President Wilson, referring to the depression from which tho country has lately emerged, said that tho hard times woro psychological. A great many people laughed at Mr. Wilson's statement, state-ment, but the fact nevertheless is tlwct tho hard times WERE largely psychological psycho-logical " This is all very true. We should do everything possible to avoid a loss of business confidence, and yot there must bo a conserving of our resources and the turning of our energies to the most useful pursuits. Tho change, of course, must com gradually. |