Show r r I 1 PEACE I AND We still encounter a lot of ot people who insist upon looking at the future through the smoked glasses of ot extreme pessi pessi- They think that the end each of ot the war will bring chaos and ruin rutn to our economIc economic life Here are a a. few of ot the reasons why I i cannot agree with them accumulated private Tremendous I. 1 purchasing power In power in savings banks life In Insurance urance savings and loan associations and other private savings institutions together with the huge personal holding of ot War Savings Bonds Donda 2 2 Tremendous accumulated demand for retail goods retail wholesale and manufacturer manufacturer manufacturer manu manu- Inventories of ot consumer goods are very low people with huge sums of ot purchasing power will be clamoring for things to satisfy their wants automo want automo automobiles biles clothing furniture new homes repairs and additions to old homes electrical electrical elec elec- equipment etc 3 Reduced Reduced amount of ot private debt debt I i I Installment debt now almost entirely paid off mortgages on farms and city i homes have been greatly reduced open book accounts at a a. very low point re reduction re- re reduction In loans on Insurance policies and other forms torms of personal borrowing All of ot this adds up to more purchasing power power more more demand for tor goods gooda and ser ser- vices I 4 Requirements Requirement for tor foreign rehabilitation tation demand demand for food clothing ma- ma I and equipment breeding stock I a-I I I and animal feeds teeds in the countries coun coun- j tries of ot Europe and Asia We will have have l to turn furnish Ish these things and this will create more agricultural and industrial activity N 6 Supply 5 Supply of trained skilled workers and managers we managers we will be able to switch I these producers from wartime to peacetime peacetime peace peace- time production very rapidly Slow Blow 6 Slow demobilization of armed forces the forces the war will end one front at a a. I time and the necessity for tor maintaining a policing force in the occupied countries I will prevent the too rapid return of or soldiers to private life lite 7 New New products and technical shifts hUts requiring new capital for capital for example the development of plastics light metals synthetics television family airplanes etc 8 Constructive postwar planning by enlightened groups of ot practical business businessmen men men men-ina men leaking making plans for tor full tull employment and level high-level production when the war ends I These are only a few of ot the reasons why I must go along with those who say that we can And will wm have prosperity and peace at one and the same sam times time E. E M M. Richardson Vice president Investors In In- Investors Syndicate te In-I In |