Show dispelling THE FOG by charles michelson in the present welter of world alarm it is a relief to turn to newspaper headlines on such prosaic subjects as business it is doubly pleasant to find them referring to increasing pro pros i in our own country for example I 1 note in the papers of the morning on which this is written that the bureau of agricultural economics yesterday estimated that farmers income from in july totaled an increase of 7 per cent ceni above the estimate for june on the same day the new york times announced that four railroads show scow per cent rise in income from a new york state publication comes the tidings that prosperity headlines are rolling cut from rochester N Y and tac rac similes of headlines in the rochester times union and chron cle ie reproduce that power sale hiis record for month and de apartment part ment store sales up and business gains on three fronts and various other evidences of what ahat the paper refers to as healthy business just a few days before frank gannett chairman of the national C committee Omri littee to uphold constitutional government announced that the roosevelt administration had burdened all business activity checked recovery and endangered the whole future of our constitutional government curiously enough frank gannett is the editor and publisher of the rochester times union and chronicle from the advertisement of which were culled the headlines noted above profits vs politics incidentally the most recent report of the earnings of the gannett company inc of rochester N Y publishers of 19 papers showed a net profit of 1165 for last year an increase of over the net of the year before Mo moreover redver roger babson wall streets pet economist has just issued a statement that the newspapers headline in this way business near best of 29 11 etc security holders are finding bigger b checks in their dividend enve envelopes lope this august than a year ago the th total of dividends paid were 40 per cent greater for the first firs t six months of 1939 than for the same period in 1938 he notes that payrolls are up 20 per cent etc and he concludes thus so as a athe the situation stands today more workers have considerably more to spend investors have a little more money to spend farmers have as much money to spend along this same line the treasury reports show that the 42 gross income of corporations was the largest since 1929 4 every now and then somebody launches a presidential boo boom in for frank gannett chairman of the national committee to uphold up hold constitutional government which took over the work of the liberty league when that organization went into pretended seclusion it may be observed however that while mr gannett is only concerned with restoring prosperity and putting the unemployed back to work he never has in any way indicated how he would go about accomplishing these munificent results he is not peculiar in that regard among those who devote themselves to inveighing inveigling inveigh ing against the new deal the nearest thing to a declaration on this fascinating subject is that of republican Na national tonal chairman john D M hamilton who says that the way to do it is to put the republicans in to end wasteful spending restore confidence ease burdensome levies and abolish punitive taxation and remove hampering restrictions fron from business and capital to the end that there will be created more steady jobs at decent american wages but as yet no republican has told what spending the G 0 P would curtail what taxes they would repeal or anything else along that line it comes down regardless gard less of the language to an implied promise to do just what the roosevelt administration is doing but to do the job in a republican way the same way that led us into the 1929 crash |