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Show THE RICH COUNTY REAPER. RANDOLPH. UTAH Price Rule Planned to Prevent Inflation Control of Wages, Costs, Prices Will Close Gap Between Bigger Income and Much Less Goods prize-winni- ng e. ... ' sells for 1 $100. It all depends on how much money the bidders have, how many cows there are for sale, and how badly anyone wants a cow. If you have ever attended a farm auction sale, you can understand why the greatest need of today is for economic stabilization. For the s principles which govern a farm auction sale are not much different from those that govern the buying and selling of all commodities. Suppose that John Brown, who has .a small farm at the edge of town, has recently got a job in a defense factory. His wages, added to his 'ordinary farm income, give him ' more money than he has had for many years. With that money Brown "intends to get himself more good "livestock and he goes to the farm 'auction to buy some cows. He can 'bid more for cows these days than formerly and he raises the bid the true value of the animal. Other farmers will either have to exceed his price or go without cows. Buying Urge Stimulated. Now, ' suppose that thousands of John Browns get jobs With wages higher than they have ever drawn before. They dont all ; live on farms. Many of them live til towns, small cities, big cities. And they want to buy many things besides livestock. They want to buy foods of all kinds, clothing, furniture, jewelry, luxuries of all kinds. With their newly acquired wealth they will pay fancy prices for anything they want, even though they may not heed it at the time. And then, just remember that f While all these people are wanting to buy things, the factories of the United States are forced to devote .most of their facilities to making guns, and tanks, and bombs, and Other things must wait. planes. Clothing, furniture, household goods, become scarcer and scarcer. Prices skyrocket. Wages cant keep up. 'And right there you have inflation. Inflation Dizzy Spiral. Inflation is a dizzy spiral that goes ever higher and higher unless some- thing is done to slow it down. The opposite of inflation is economic stabilization which means that your ,, dollar will buy about as much of any commodity tomorrow as it does today, as much next week as it does tomorrow. Everybody acknowledges ! the value of economic stabilization. To get it, the ggvernment is doing its best to apply the brakes to this devastating inflation spiral. These brakes are seven seven controls on income and expenses. f 1. Heavy taxation to pay war , be-yo- nd ' well-payi- ng ! '' ; V ' t ''&" i S' VvV: X. K-- n dfrCW'x if Vv he will get it. If he works for an employer with fewer than eight employees, he can get an earned raise. But, by and large,' raises in pay for doing the same job with the same skills and the same output will not be allowed. Salaries Limited. Salaries, too, are limited. No man may draw more than $25,000 a year, after deducting federal taxes, a measure designed to prevent anybody from profiteering on the war. You see, even the boss cannot raise his own salary when he wants to. So much for wages. They had to be costs and reduce spending by every stabilized to stabilize prices. person. Then consider the necessity for 2. Price ceilings for food, goods price stabilization. and rents. It would be unfair to workers to 3. Stabilization of wages and sal- fix their wages if prices were not aries. also regulated. Accordingly, the gov4. Stabilization of agricultural ernment began taking price stabiliprices. zation measures as far back as May, 5. Increased savings through buy1940. At present around 90 per cent ing of war bonds. of the things people have to buy are 6. Rationing of scarce goods to under some form of price controL insure fair distribution. Obviously, there may have been 7. Discouragement of the use of some temporary injustices done to credit or installment buying and the producers, manufacturers, and disencouragement of the payment of tributors of goods by the price condebt. trol regulations. For that reason, Why Control Is Needed. there will undoubtedly have to be First, lets see why control of adjustments in some prices from time to time. But in the long run-pr- ices wages is necessary. will be maintained at a reaIf history teaches us anything, it is that wages never, can keep up with sonable level where every man, woman and child in the country will be able to get all that is needed. Why all the other curbs on infla- TAXES AND BONDS TO ABSORB PART OF IDLE PURCHASING POWER Step right over this way, ladies and gentlemen,' barks the Farm Sale Auctioneer, and well sell 25 head of the best cattle in Brown Over to the feed lot moves county. the milling crowd of people who have come to the farm auction: The bidding starts: What am I offered for this Guernsey cow? $25? Do I hear thirty? Thirty-five- ? Wholl make it I have thirty-fivforty-five- ? Now wholl make it fifty-fiv- e And so it goes. Maybe file cow sells for $55 and maybe she Victim Had No Difficulty In Identifying Suspect . tion? More Money, Less Goods. This year the total earnings of all the people engaged in war and civilian production will be about 130 billion. That much 'money will be available to pay taxes, to spend, and to save. S. 3? I But we cannot possibly produce at present price levels 130 billion dollars worth of food, clothing, furniture, household utensils. As a result the rest of the money will not be able to buy any consumer goods. Federal and state taxes will take another 15 billion. The people will save possibly as much as 30 billion, including war bond purchases. But that still leaves about 85 billion dollars to bid for the purchase of not more than 77 billion dollars worth of JAMES F. BYRNES things, at current prices that conPrice Czar sumers want. If price controls fail In the hands of James F. Byrnes, to hold, people will resort to bidding former Supreme court justice, has against each other for the availbeen entrusted the job of stabilizing able goods on the market. If that the nations economy so as to pre- happens, there will be black marvent a runaway in wages and prices kets, places where unscrupulous which would lead to the disaster persons sell goods at exorbitant of inflation. prices regardless of the laws. Equal Distribution. prices. As a worker finds he has to Rationing provides assurance that pay more money for food, clothing, shelter and the other necessities of everybody will get his fair share of life, he insists on getting more the goods that are earned by such money for his work. His employer programs. Otherwise, the person has to raise his wages, because oth- with the most money would tend to er employers are needing men and bid up the price and to secure an unfair share of the available supply. they, too, are paying more. Farm- No one would deny that this must ers lose workers to factories and to the armed services, and they also not be allowed to happen. The success of this offer high wages. Some farmers, atmovement rests jointly on the tracted by the high wages in facthe law - enforcing tories, leave their farms. Thus it government, goes higher prices, higher wages to bodies,' and in the greatest measure, pay those prices, then still higher upon the general public. Unless the prices, still higher wages, and so on people in general realize that these g brakes on inflation are their only in a inflationary hurricane. Thats why wages must be guarantee of stabilizing the cost of controlled. living, it will be impossible to enThe present law says that wages force them. cannot be raised without authority Through 1943, and as long as the to do so. That doesnt mean that a war lasts, every man, woman, and man who does more work tomorrow child in America must try his level than he did today wont get paid for best to prevent the cost of living from it. He will. If he is capable of rising. We can do it if we try. We doing a more highly skilled job to- can refrain from trying to beat the morrow he will also get more ration on scarce goods. We can get wages than he did today. If, under along with reasonable stocks of all a merit system, he earns a raise. goods. We can aid in salvaging everything that will contribute toward the winning of the war rubber, metals, grease, paper, and other materials as they are needed. We can also save every penny and every dollar that we do not need for decent ' living and put it into war bonds immediately. And last, but not least, we can do without many things if "'1 we have to. x ' ' ' s, fft & , anti-inflationa-ry never-endin- Vs- n rs 1 Last Report of his duties as citement. I saw one of the burglars! she declared. He was standing just inside the gate, evidently keeping a watch for the men inConsolidated Feature. WNU Release. side. He was a little man, shabbily dressed. I couldnt see his "MEW YORK. It used to be that face properly. He had an old hat a government nailed down evdown over it. He kept pulled erything loose when diplomats from at the house. friendly states came visiting. That glancing furtively What was time this? asked was when Offer India Wall-Mrs. Blank. diplomats Just after eleven. Filled Crockery in practiced pickpMrs. Blank stiffened. That was International Bingo the ocket poli-an-d Mr. Blank, she said icily. Richelieu. tics of Machiavelli American diplomats of today are contrariwise. Nobody nails down Sacred Hirohito anything against them, because they arent taking. Not anything, Theyre The war probably has interruptrunning a sort of international bingo customs even in Japan. But, ed out the stuff hand and they carnival, adds up to more than a set of dishes. when Emperor Hirohito traveled during peacetime, all window Thus William C. Phillips, one shades were drawn for the trip. of President Roosevelts handyHe was considered too sacred for to Delhi men, sits down in New profane eyes to see; his portrait figure out how much food India was likewise never seen publicly. needs, and how we can give it When Time magazine in 1936 e in a deal. Of course printed Hirohitos picture on the he hopes to persuade India. to cover page, the Japanese embassy shinny on the Allied side for the immediately suggested that Time the but considering duration; request its readers not to place the d crockery he is willing magazine upside down or to place to hand out that isnt much. on the sacred photograph. Mr. Phillips comes from Italy objects where he did not coax Mussolini to side with us. But even if he failed COLDSMISERIES he had, on. leaving, the satisfaction of knowing that'foi Mussolini the Axis had turned into a picket stake on the sharp end of which he was sitting far from pretty. For colds ooughs, nasal congestion, muscle India is virgin soil for Mr. aches get Penetro modern medication in a of kind the but mutton suet base. 251, double supply 354. Phillips dickering he will do is not new to him. He has been matching wits with iend-leas- well-fille- all foreign office over Europe for nearly 40 years. In 1903 with a fresh law degree from Harvard, he became private secretary at London to colorful Ambassador Joseph M. Choate. Not long ago he got to be undersecretary of state, but a desk job of even such grandeur cramped the style of so accurate a trouble shooter so he packed his bags and went abroad again. A thinnish, horse-face- d man and patient with photographers he knows everybody who is anybody in Europe, including Laval, Galeazzo Ciano and Von Ribbentrop. He has a wife, five children and four honorary degrees. India, patting a full stomach, shortly should be urging another of these last for him horse-trade- rs , folks ttiorg U--Vc Semedvi s$aasS- feeble , A BOUT now, and if not now then in a little while, Hitler ought to be ready to admit that he took a gander in the wrong direction. It Showe Nazis Lofty dwteh"j Defiance of a Stag he looked d nh Among the Waive s w w s f 7o?f "dates") Great Britain and her vast empire and all he thought was, Thats what Ill go for. If he had looked north he could have seen Denmark and Norway and Sweden going their warless happy middle ways. If he had said, Ill copy them, hi Germany might have bought prosperity with the billions he blew in on todays shattered war machine. for girls who hasten healing of externally caused pimples by relieving irritation with &ESIIKIIW SNAPPY FACTS The noble Catholic bishop of Berlin, Most Rev. Konrad Count von Preysing would have praised that prosperity as thoroughly as he now condemns all that Hitler This terrible creed he does. ealls the Nazi philosophy in a pastoral letter even bolder than those of his predecessor, the late Nicholas Bares. Sixty-tw- o now, Bishop Preysing spent almost half his life outside the church, but under Hitlers oppression he has become one of its prime defenders. He was born in Bavaria. That pastoral state had just joined the new German empire but it had kept its king and separate government and after Von Preysing studied law his title helped him into the ministry of foreign affairs. He was 32 before he entered the priesthood. - M price administrator was claimed' by Leon Henderson in a report to congress which marked his retirement from ABOUT RUBBER -- The Import sws ef group rMlne as a ruhher conservation practice ha haan dawonctretsd la Panties Mich. where today 30.000 workers rail ta war 18.000 ear they ated dally earlier this year. plants In 4,000 car Instead of the 2,300 dUcc and lownc with a total population oI 12 mllltonc dopond onUiely upon outomoblloo lot pas-sangtransportation. la The B. V. Oeedrlch Co. 1S made the Arct fabric cUnahar type aotswobZo tire la the M 4 s Fulfillment the office. I was directed to stabilize prices. That directive was obeyed, the report said. I was directed to establish prices alike to buyer and seller. That diFarmers Pool Resources to Maintain Production The tremendous increase In industrial activity in the big cities has ' caused a corresponding rise in wages and attracted a large portion of the farmers working force. To hold on to his help and to meet the record demands of the govemment.for food, the farmer has been compelled to raise wages. Rise in wages usually. ,1s followed by higher prices and demands for still larger wages. Unless the trend is checked, a disastrous inflationary spiral acts in. Price stabilization is intended to control both wages and prices and prevent the two from getting out of hand Because of the and the demands f the armed I shift of labor from the farm to the factor will be compelled tOfiooLthCir communities 'services, many agricultural working forces to keep up, let aloneincrease, their 'production. Mrs. Blank had a burglary. When the news got about, a neighbor called on her in great ex- a paper bag behind any statesmen and when they blue prints for a post-wjump world will bounce out of 99 pockets. POP A loa ol rubber a year Is the ooQoo-Uo- u oi Iha orarago Brazilian wild robber gatbaior. This explain why man power Is the eras of the Sooth Asiorinsa naitusi rub bar problem. ar HlSwapSecond Front for Better -- W AnyD,y , brace and into his own dream civilipeep-hol- e rective was obeyed. before zation you can say Shangri-la- . to I was directed stabilize rents. The pet future world of Walter Rents have been reduced and sta.Nash, minister to the United bilized.. from New Zealand, la I was directed to distribute .States more than most. It reasonable scarce goods on a basis of fairness , is, in faet, reasonable enough for , was to all. That directive, fix), almost anyone. He leaves ex-- : obeyed." fancies to others and travagant direcof review these Hendersons for better homes and .will settle tives and their execution no doubt of them. mere ;..There is, he bo- activiof his criticism wa- aimed' at no other lieves, project which ; ties as the OPA head. It was his richer rewards in would yield hereto task to impose regulation vieras: of social welfare.. . ! - eriea.;;. fore-foreignM-o Mi . j ' OK t) llUIHIDf-- J |