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Show Talking- to Capital We have never shared in any cl the hysteria about the Red menace. men-ace. Russia's aaventure In communism com-munism hold.; no terror for U3. The Russians are experimenting with a new economic system, quite dilferent from that practiced m America and other countries. In the last analysis these various economic ec-onomic organizations and practices practic-es will be judged by their ultimate effect upon the progreses and happiness hap-piness of trw human family. We aie just as much interested in finding the ideal social structure as any other person. The Russian experiment is interesting and deserves de-serves a fair trial. American business men who denounce de-nounce the Russian theory should not ignore the truth of what Representative Rep-resentative Hamilton Fish, Republican Repub-lican of New York, and ardent opponent of tho Russian menace, says: "There are still many evils and abuses in our economic system and every effort shculd be made to correct them and give American Ameri-can labor its proper share of the profits in our industrial system," says Mr. Fish. "During this period per-iod of unemployment I advocate as a temporary solution the five-day five-day week and the six-hour day. We have changed so rapidly from an agricultural to a large Industrial Indus-trial Nation that we often fail to realize the need of progressive legislation leg-islation to care for our needy in the declining davs of their lives. The time has come for adequate old-age pension laws and propel retirement provisions, not only in case of civil service employes but for all wage-earners. 'T am convinced that capitalism can and will cooperate to check Its own abuses and that the capitalism of the future will be in the interest inter-est of the rich and the poor where in human rights will supersede property rights. If, however, capitalism cap-italism continues to Ignore the economic strain under which 90 per cent of our wage earners are living today and reduces the wage level as suggested by some of our foremost bankers, then we will be laccV with a continuation of this period of depression, as buying power of the worker is the only means of getting back on the highway high-way of prosperity." Representative Fish thinks there is a growing demand for legislation to curtail the concentration of wealth. He is correct when he says: "There :s a stronger feeling against the concentration of great wealth in tho hands of individuals and corporations such as banks, chain stores and public utilities, than at any time In the history of our country. There is an unmistakable unmis-takable public suspicion and distrust dis-trust of the enormous concentration concentra-tion of great wealth In the hands of a few bankers and business leaders, and a growing demand for legislation to prevent further concentration con-centration of wealth through higher high-er inheritance taxes on great fortunes for-tunes and increased tax rates on unearned income." |