Show I I P Prepare rt ep t I e N Now 0 N f for 0 Yi V-I-C-T-O-R-Yi I 1 11 c 71 A O 0 ri 1 R Y II J I II I AFTER ViCTORY The rhe problem of oi changing changing from war work aft after r World War I to I peacetime production plunged us into a ton long on and ani grim depression j Rural America Americ felt this depresSion depres depres- i II sion sum five j years ahead of industry I I and business We Wo tried to warn labor la- la labor a. a bor and capital but they would not believe c the warning and insisted the the pot of gold sold at nt the end would last forever i I 1 Finally the bubble broke and the storm came We pad had 12 million mil unemployed the domestic market for farm production was gone and even the smaller export market survived survived sur sur- only when we loaned Europe the money to buy our products Farm income was redu reduced ed mortgages mortgages mort mort- gages increased ased a and d many farmers los' los th their it ir farms while industry big bigand bigand bigand and little was at its wits' wits end to survive j I To Prevent a Wor e Depression Our problem is to prevent even a worse d depression nt at the end of this wilT war war Every Eveny big and little has been retooled to tg produce airplanes air airplanes planes tanks cannon carmon and weapons of war Millions and r d millions of dol dol- doli i lass teen been spent ent for this purpose pur pur- pose t this war yap ia jg ended it will Ii i I I j i I I I 1 T o otake take tako the Uw s same mc millions of or d loft ij I to turn the these e c industries back buck t to time peace time production i f I Lessons of World War I I. I l J We learned learne after World War I that II our country cannot prosper unless agriculture prospers We know now that our or country cannot j less agriculture business prosper and indus Indus Industry un an Un- Un try and labor are arc all prosperous Whatever our personal feeling mar be be the fact remains may that all U of of- these groups taken together make our domestic market up un which con can consumes over SO DO per per- percent cent of Our dUi total production Labor can purchase its fits maximum I of bf farm products if each worker has I P a Po permanent job at good wages The I employer can pay good wages if il he has something useful to manur manufacture and some one Has Ilas the desire and the money moncy to b buy buy- y it Jobs at fat good wages I Upon an employer who is making the money necessary to the wages v pay Farm Prices nc Reflect Good Goad Business This makes it plain that with e en e-a players and business busy in m useful useful use use- ful undertakings with all nil workers employed at good wages farm I prices will be good and consumption tion at its maximum The key to the situation is that employers shall have the cash money money money mon mon- ey at hand to change from war manufacture manufacture man man- to time peace-time activity with the least possible delay when this war ends Our United States Senate is searching for a plan that will produce pro pro- duce maximum revenue to the gov goy government government to insure victory provide a fund at the end of the war big enough and quickly enough to convert con can vert vent business and industry from war work to peacetime time necessity but without the government having tl to borrow horrow and ana lend the money for this purpose after the war is over Here lere Is a Simple Practical Plan For the solution of all these lems there is one simple plan of outstanding outstanding out out- standing practical value based on the idea that war profits from all companies big and little should be used for this purpose The tax rate on war profits is 11 figured figured fig fig- at about DO per cent Business and anti industry bl bij and little would be permitted however to rl clarinet duct from their thole taxable war wu profits 23 2 per cent of such profits provided the tha th deduction is used to purchase United States Recovery l bonds Recovery bonds would be a special special special cial kind of bond for tint purpose only Recovery bonds could not besold besold be be- besold sold or borrowed burrowed upon during the war and neither would they pay any interest interest- They must be held by the purchaser until the end of the war tear The day the war is over these bonds would automatically start to bear interest could be bought and sold and become the tho same as any other government bond The purchaser purchaser pur chaser could sell them thorn or borrow upon them to obtain the money to change his business and plant from irom war production n to time peace production pro pro- when and as s he needed neede mon moa money money fey ey to do this job I Profits for Time Recovery In other words business big or little bc be required to contribute contrib contrib- ute ate 20 per cent of its its' own war profits to provide the money to change Q its Us own plants back to peacetime peace peace- time The fairness and equity of such aplan a aplan aplan plan is perfectly plain L Eh h com pan pany by using 20 21 per ler cent of cf i tl i's is oa own s' s war profits to buy Recovery bonds builds its oven own O backlog to bridge from war production to fHi n I time peacetime activities Big Bg cu compa companies II nies and small companion companies 1 n M I burin buy bur in proportion to their size and nee needs s until the war is over In t tl n meantime mean time our government rec C th the maximum in to for vIctory and we tIle the h lute established es eSt security ag t t l t- t ti i a v vorst depression of all time With such a n plan adopter adopted lId and in operation we can all give our nits r axi mum to the war effort eHart p n n the fact that when the war is 0 ocr mir r we WO can quickly and safely go bG beck back k to the paths pf peace The rhe sity for such a plan is so apparent the evils of depression so grim and anc widespread that we wc the c can canwell can canwell well to ta tar tai time out to support support sup sup- port our senators end and congressmen in this effort to bypass t de presson |