Show W R IGHT A P A T T E R S 0 released by western newspaper union WAR conditions AND COMMODITY MARKET IN THE EARLY SUMMER of 1929 a banker friend and I 1 were lunching together at the chicago club A stranger came into the room and at his request was introduced to my banker friend yesterday I 1 achieved an ambition of which I 1 am sure you will approve ap approve said the stranger 1 I purchased some shares of stock in your bank at what price asked my banker friend at 1150 a share replied the stranger no I 1 would not approve a said aid the banker 1 I advise you to sell those shares at once they are not worth ahny any such price they never ha have abeen been and never will be the stock is on the board and we cannot control what the public Is willing t to 0 pay for it but the stock will pay a reasonable dividend on less than half that price that incident t illustrates the stock market inflation of 1928 29 people had money and were willing to pay unreasonable prices tor for stocks their demand pushed the prices up to unwarranted heights they made the wild rise of such men as insull possible and then in the dallof tall of 1929 they paid what happened then in the stock market Is threatening today in the commodity market and half mesa measures aes will not stop it the presidents coiling ceiling on commodity prices will help but that ceiling cannot be maintained if the cost of production continues to go up as it must if the cos cost t of labor continues to rise prices must go up with increased labor a bor costs or industry goes broke and closes up in increasing teasing prices for labor means not only the necessity tor for increasing prices on commodities for or civilian consumption but also on war supplies it means an ever increasing cost of our war effort an increasing burden of indebtedness for or our children and their children to pay wy why not naf a ceiling calling on wages that are now 1 an hour or over and a 48 hour week that would help to control the inflation tendency and help to make possible the ceiling on commodity prices THE REGULAR ARMY AND U S GREATNESS I 1 SEE AND MEET many of those serving in the armed forces ot of the nation whose job Is to defeat for or us our present enemies the huns the and the As I 1 talk with them and know the valor and ability they represent for or us my memories turn back to soldiers I 1 knew in past days those of the little regular army that made the greatness of this nation possible possie e it was but a mere handful of valiant men officers and soldiers who pushed back our frontier fro from the allegheny mountains at the close of the american revolution to the broad pacific Tha That tUttle little handful of men conquered the wilderness and the plains and the savagery to the mississippi to the missouri to the rocky mountains and on to the pacific they blazed the way tor for the pioneer the they made towns and cities possible it is from the towns cities and farms which the little regular army of the united states made possible that today come the soldiers and sailors who are protecting us in this greatest of all wars it Is largely from these towns and cities and farms that Is coming the theford food the planes tanks guns and ships needed by our soldiers of today all ali glory to that little regular army which conquered for us the america we love today it was my privilege to know many of the members bers of that valiant hard fighting force during the last quarter of the last century OWNERS OF AMERICAN INDUSTRY TODAY OWNERS OF american industry are the average everyday every day amerl americans one hundred and sixty five of our industrial corporations are owned by stockholders in 1040 1940 we uie average average dividend paid to each stockholder was the amount of taxes local state and national for each share of stock way war industry is owned by the rank and file of americans through industry we provide jobs for millions of employees these employees provide i a market for our farm products through industry we haythe greater part of the cost of government and for the support of our institutions we are all directly or indirectly a part of bust ness NEAT TAX SUM FROM automobiles THE STATES RECEIVE the neat sum ot of in revenue from automobile owners each year that represents what is paid as automobile license fees and sales taxes on gasoline and 0 oil n wh which i ch go to the states exclusive of what the federal government takes it represents per cent bent of the total income of the state governments it II the war continues tor for two years much of that re verae verue will be wiped out |