Show i 5 K 44 vi v ia eor i i i i I 1 r communications 3 1 4 I 1 I wt W M wf THE NATIONAL DEBT editor part park record it Is amazing that president roose noose belts lavish spending policies are seldom discussed from the point of view of debt and d taxes in ay my iy opinion if 11 the national debt Is steadily increased at the present rate it will not bo be paid it certainly I 1 win will not be paid unless up less the american people are willing to be mere and slaves for generations to come and I 1 dont bellave they are a tax revolt Is on the way no doubt about that back in 1932 during the campaign mr roosevelt condemned the republican administrations tor for their extravagance among other things he said let us have the courage to stop borrowing to meet continuing deficits stop the dc any government like any family can sp nd a little more than it earns but you and I 1 know that a continuation of that habit means the poorhouse the year that mr roosevelt took office as governor of 0 new york state the state had a surplus of the year that he left the governorship to become become president the state had a deficit ot of more than and today under franklin roosevelt the united states Is piling PI 1 up a deficit ot of more than and now has a national debt of more than from 1900 to 1917 the average rate of interest on government bonds was 1972 per 1000 or less than two per cent on an average debt ot of from 1918 to 1931 the average rate had increased to per 1000 or very nearly 1 4 per cent on an average debt of i nearly twenty billion dollars the total am amount aunt of interest on the public debt from 1900 to 1917 was while the total interest paid from 1918 to 1934 I 1 amounts to the huge sum of more than I 1 or very nearly thirty times as much tor for a shorter period ot of time compute this interest on a per capita capit basis brings it to less than 4 00 lor for the period from 1900 to 1917 while from 1918 to 1934 it meant lor for every man woman and child or lor for a couple with five children if we borrow on 40 year 5 per cent bonds the money lenders would collect on this an interest sum ot of bac each h year and by xe lending this and all other interest securing to this loan these lenders would by the end of forty years collect back irom from the people about eight hundred thousand dollars or eight dollars for each one dollar received by us now this is positive extortion by the money lenders and it Is criminal for us to continue to place sich burdens upon our helpless unborn children merely tor for us to procure and use the one hundred thousand dollars now it Is the equivalent ot of selling the birthright of our children dren for a mess mesa of pottage for us to eat now no while they slave for forty years to pay tor for it 1 the sad part of this tragic system Is that this huge interest burden must come out of the meager earnings of the nen men 11 and women who toll and produce the wealth of the nation and whose children must go hungry in order to pay usury aury to the money lenders oswe we owe debts in america today public and private amounting to billion dollars that means that every child Is IB born with a 2000 d debt bt tied around his nee neck k to hold bold him down before he gets started then on t top op of that the wealth Is locked in a vice owned by a few bloated plutocrats who never produced any part of it we have dumped at the portals of the generations long life one of the most elaborate younger metallic it scrap crap 8 heaps that the history of civilization has recorded A ga gaudy udy bauble it Is it sh immers with the it roars it sim simulation u bation of bright reality hums burns like a going c battels clat latt teis els it shrieks and concern conce rn it will do almost anything but work the prospect Is R appalling I 1 wind bags fron from salt lake city A gentleman the park utah ut sh informed Inform edi us through gates record last week tb that t col charles big banker of chicago expressed dawes awes the way that recovery Is on the opinion times will be good and that he thinks with us by midsummer increased class have S since nee many of his under the millions by many their take reason have every 1934 they during of another brilliant year to prophesy roosevelt by the time 1 i mc recovery overy under recovering the through boys get those hose nudism will I 1 have lave to legalize government read with hope any but in case you i of these alz wizards of the myopic prophecies their past consider consid er let us of empire I 1 performances ased 30 passed pa I 1 the peak sa said 0 of ld f the bantes james he depression augustine farrell days ago corporation I 1 in rl january y of TT U S steel D young dec declared lar owen week 1931 same depression of that the idea dead d c entre centre I 1 had come and gone informed the press several weeks ago had relief rolls badi on us th that a t the tl is number halt half million one hit the twenty two and mark robert I 1 in in 1931 secretary of f commerce the declared patterson LUerson PC lamont lament I 1 in a me are banks of the country 9 generally generally ene rallY 19 trong position were there om I 1 1 1931 on january ary were A abanks banks january 1935 5 there president lent edward eugene f in 1930 railroad said viley valley bonus l ot of lehigh performance a b plane ol of railroad factors the ig most Im important t today Is one of 0 the to the strong position L contributing 11 itself in wl which kich business finds ot of all the railroad today onet fifth united sta states e a Is in re mileage in the railroads nave have afloat celver ship to veep keep billion doll dollars ars borrowed nearly halt ha if a f from ora the U 8 governa government alexander ent legge alme ot of in 1931 chairman predicted there the federal farm board decline in COMMO commodity d Is no further gt general prices in sight its lowest d to 1931 wheat croppe dropped in bushel 0 on n any primary price pl per r years world market in john marcus dav dails I 1 a president in 1930 western Lac lackawanna kawana and ot of railroad delaware declared pew few it if any peo people pie will 8 stop t 0 P eating wearing clothes their postpone habits change getting gettle ig married or market took a tock stock lust just because the 5 tumble year 20 ill people the following shod themselves lumped jumped out ot of windows shot turned on the gas or twigged swigged poison 1912 since recorded rate suicide hinbest well gilbert might january last mr have sung ills big Pina pinafore TOTO to the steel industry rounding bounding out the old year arith alth cb champagne champa a ene and caa caviar tar and considerable steel proudly bigwigs ot of bublic eloquence increase in err employment announced an I 1 v a for their heir industry indu atry increase in employment ment and pay rolls in the thethel teel industry I 1 were reported today by the am american iron and steel institute reads tb the e news bulletin ot of december after running this cream th through rou gh the se separator and finding only a skim milk the doubtful dairyman learns in november 1933 employment tor R r the steel industry was in november 1934 employment was or less I 1 than tor for the previous year i what the mIllion millionaire alre gentlemen seem to have meant by increase Is ia that the Indu employment for or november 1934 had increased by a coupler ot lot night watchmen over the Indu employment I 1 tor for october 1934 oh ch well increase decrease prosperity panic its all the same financially to the industrial millionaire big jim parley farley master political mind of f the roosevelt regime with roosevelt rooseve I 1 t at the head of affairs I 1 there la Is certainly no reason why any business man should lie awake nights I 1 1 worrying about what that Is going to happen and who cares it the children on the relief rolls cry themselves to sleep from hunger when I 1 read the tirades being made against gal r my articles they remind me of a 0 story I 1 once heard beard A flopped eared blabbed mouthed hound dog would sit in the shadow of the house bouse or a tree every moonlight night and bay at the moon while it was annoying to the people and may have been of great satisfaction to the dog it did not hurt the moon sincerely Ince rely LOUIS LOOTS BARGO march 18 1935 i paricity park City utah 3 i lalli |