1933-12-27 — Page 18

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WEDNESDAY, DECEMBER 27, 1933.

AMERICA'S BURDEN

WEDNESDAY, DECEMBER 27, 1933.

NOTES OF THE DAY ROOSEVELT

FILMS AND PEACE

AND The Very Idea!

CONGRESS

By J. C. JOHNSTONE

Over 18,000,000,000 attendances aro annually registered by the 01.- 500 cinemas scattered throughout tha world-a number seven times ne great as the total population of the globe. If so many people are see- ing films, then their influence must PRESIDENT ROOSEVELT 18 the disastrous consequences which bo colossal, and one is forced to engaged in a desperate race overtook Germany, France, and query whether the world-influenco against time. In January ho must other Continental Inflation-addicts Is altogether for the good. What give to Congress an account of his after the War. Is there, then, any ever may be one's personal answer stewardship. To retain his free-warrant for believing that similar to that question, nobody doubts dom of initiative and his political consequences would attend an in- that the influence of the film might ascendancy over that extremely flationary experiment. by Mr. certainly be very powerful for good Jontous and critical assembly, he Roosevelt? That basic ground of and, internationally, powerful for must be able to justify his policy hostility to Inflation was summed the promotion of better understand-by results. Less than two months up in a resolution adopted by the ing between nations. Peace hence there must be plausible Advisory Council of the Federal propagandists have concentrated on evidence that the tide of prosperity Heserva Board last week. His- trying to show people the "war in once more on the rise, and that tory," they said, "shows that the horror films whiel shock people it is Mr. Roosevelt who commands further currency inflation goes the into a realisation of the brutalities the tide. of chinos, but it is far better, with

more difficult it becomes to control, out ever forgetting much possibili- ties, to turn attention to the future.

FILM OF REALITY

be

The Film fixes actions and, idens, in a form which can through these, also thoughts and multiplied by the taking of several copies and then distributed all over the world-or as far as that is allowed-and then shown simul- taneously to thousands of peoples, It is the film of reality, and not that of fiction, which gives peonies real knowledge of others, and it is that type of film whin should be encouraged. It is exactly that type of film against which, however, hational restrictions have weighed hardest.

ANOMALY RECOGNISED

ADVERTISING PAYS

By Edward Kelly. Doesn't TE'RE tired of being poor.

What with our chit BC- place, and the dollar rising, and counts stopped all over the

shroffs annoying us every day, we've decided that it's about time we started out to earn some money.

Real money, we mean. So we're going to quit being a journalist. quit long ago, but that's jealousy. Our Editor contends that we We didn't read his leader yoster-

day.

and will start advertising as soon Commencing next work, wo are going to branch out into business, as we can' settle some little differ-

Advertising Manager.

wo have

In the meantime, as this column at our disposal we use of it without charge. don't nee why we shouldn't make

If he continues to pla his faith and that it invariably results inences about payment with the in his present polley, his chancos untold losses to the great masses of success appear to be alight. It of the people and the ruin of the is vital to his whole plan that the national credit," enforced depreciation of the dollar Mr. Roosevelt, if he were so should be accompanied by a sharp minded, could return a ready an- rise in commodity prices. But so swer to the Advisory Council. Ho for prlees have remained obstinate- could point out that history, in ly unresponsive, and Professor fact, affords to support for the Sprague Is perfectly right when he assumption that inflation is dim- says there is no inherent reason cult to control unless the circum- why they should be anything else.stances in which it was initiated were outside the control of the Government.

•

con-

THIS MODERN AGE BIDS FOR TRAINED MEN WHY REMAIN IN

Lat

(Dept O-YEAH) Y.H.C.A. Kowloon Kelly Correspondence School

Without coat or obligation, please send me a copy of your booklet "The Door to Suckeggs", and full particulars about the subject mark ed "XXX." Pawnbroker

THE RANKS The dollar exchange policy is placing Mr. Roosevelt in a cleft instance, when it inflated in 1925-0

The French Government, for Are You a Tectotaler? stick. It can only succeed in with notoriously ruinous results,

Do You Suck Onions ? raising prices If it succeeds in was not a free agent. frightenine holders of dollars into yawning Budget deficit which it It had 4

WE TEACH YOU commodities. But it will only was unable to bridgo either by re-

This in 13 Modem Age. frighten them if the dollar appears ducing expenditure or by increas- SCHOOLS teach you how to take the KELLY CORRESPONDENCE to be getting out of hand. That, ing taxation. In order to cover your place in the HE-MEN ranks. however, as Mr. Roosevelt is current expenditure it had no re- evidently aware, would spell com-

Young men to-day, if they hope to plete disaster. He has already printing notes.

source but to obtain revenue by succeed, must consider training as shown that he is both able and to the direct influence on prices K.C.R.) has been leaders in teaching

As a result partly (not to be

essential to their needs. The K.C.S. determined to keep the dollar un-of the additional notes, partly of

confounded with the der control, and to permit de-the general breakdown of

fundamentals of sexology, boozology, preciation only at his own pace.

ahroffology and raspologies in all its fidence, Government expenditure branches. Why don't you study a Import and Customs duties on

But by keeping the dollar under rose ne fast as, the printing press R.C.S. course? We will send com- alms are levied according to their control he removes all ground for turned out the notes, and so the pleto information-use the coupon! length and without regard to the right. It is a safe calculation "vicious circle of inflation" wasHANCER

HERE, RIGHT NOW, 18 YOUR subject-matter. The educational that he is not going to allow the set in motion. The significant OF DEBTS

im, made often on the least pos- dollar, which now stands at about feature about this is that the sible financial outlay, faces an im-60 cents, fall below 50 cents. French Government was acting Arguments concerning Presid-portant item in these duties, Lut A dollar pegged at this mini- from the start and throughout to the entertainment film, made mum, however, carries with it under duress, and everyone know ent Roosevelt's monetary policy with a lavish expenditure of tens no economic reason for more than that it could not help itself. All are arising to heaven these days of thousands of pounds, the dues a fractional rise in domestic com- the other Continental Governments like a drifting Tog about

are a mere bagatelle. Furthermore, modity prices. Mr. Roosevelt, which indated after the War were educational films have never con- accordingly, is in the position of more or less similarly placed."" mountain peak. And, to COD- tributed more than a very small either having to burn his house tinue the metaphor, the peakfraction of a nation's revenues from down to roast his pig, or else of would be able to produce convinc- Mr. Roosevelt, on the other hand, this source. This anomaly has having no roast pig; and it musting evidence that he was in an which they veil is the enormous been recognised for some time, but be concludod that the pig will re- utterly different position. He has mass of debts piled up in the clearly some central authority, had main unroasted.

no unusually alarming Budget- boom days. In other words, to be provided which could dis- Apprehension, indeed, is being defleft and he la not at his wita this pile of debts is the central films. The International Institute score. Government bonds have absolutely free agent at the start

criminate between the two types of expressed in America on another end for new revenue.

He is an fact in the whole matter. The of Educational Chromatography at commenced to fall under the in- to inflate or not to inflate. The

and pros

of inflation, Rome, la just such a body and now,fluence of Mr. Roosevelt's, dollar rise in prices which was the main by virtue of a Convention which policy, and it is suggested that this source of the French Government's managed currencies and thehas just been concluded between fall will presently gather such anxiety, is the main object of his like hung over it, sometimes ro-thirty-eight nations, that Institute momentum as to put the Treasury ambition. vealing it and sometimes obscur- has been invested with the power out of court as a borrower. In large doses or small at will accord- He could inflate in to grant certificates to educational that case it would be compelled to ing to the result, and as.soon as ing it. In the boom days, far-nima. This Convention is, there-inflate both to meet substantial prices showed a satisfactory re- mers, business houses and in- fore, ап important. if small, pending maturities and to defrayponse he could stop. There would |dustrial concerns went heavily achievement on the part of

the current expenditure, and the stage be no danger of his Budget getting into debt. Meanwhile, money with such a

League of Nations, for any films would be set for uncontrolled in-out of balance.

certifleate will

On the contrary, became

beflation. Psychology is no incalcul- he might scarcer, and people granted free entry to any of the able that it would be unwise to stimulus_to.

argue, the general found it necessary to conduct signatory antions, including the rule out this possibility. A seri- would increase his revenue and economic activity. business and personal affairs France, Germany and Italy.

United States, Grent Britain, ous

fall in Government credit, render his Budget casier-not with fewer dollars than they had

however, is scarcely likely except more difficult to balance. before. But the mountain

as a symptom of panic-and panic, as we have shown, is an improbable consequence of the present policy.

cong

of

debt remained unchanged, and MORE SEA SERPENTS!

it stands to-day, its crags gloomy and bleak. In one way or another, the mountain has to be whittled down in size. ́ The

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DO IT NOW. Tee of Coupon, and pal, together

photograph Birth cartiente fif any), vaccination mark, and bottia of brand of whisky you profav, end send st once. DON'T DELAY. THUS MAY BE YOUR CHANCE IN LIFE.

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East should realise how these Young men who rosida in the

trifles and not worth worrying mishaps, which thay consider as

about, may load to ruptured lives, and causo ovon their sweethearts to turn away from them.

Mon, thoro is nothing so dis- agreeable as halitosis-even your best friand won't tell you.

A curious thing about Mr. to pay for special public works and tips that men all over Hong The first officer of the ocean liner Roosevelt is his inhibition against schemes in non-interest bearing kong will want. Shows how to Santa Lucia is now sharing with direct inflation by resort to the for cash. It is not likely that the CEt your copy NOW! the Loch Nesa folk a grievance

bonds exchangeable at the bank solva against the Incredulous, efforts of the Roosevelt Ad- troubic, it, stems, is that the first solve the price problem for him. printing press would be kept at all

The printing preas, which would soon ministration may look too much officer saw a sea serpent, told about Why should a man who so gally one or two small laucs like an effort to move mountains and discovered that nobody be throws orthodoxy to the winds

would suffice to send holders of by faith alone to suit practical leved him, even made rude jokes, hoggle over assailing its last en- and up would go prices. It would dollars scuttling into commodities, men. But tho job has to be The glimpse was vouchsafed to him trenchment? The answer seems done some way or another. as the ship was in the straits of to Re-in the still vivid memorica of i

(Continued on Page 6.) Time will prove whether Presid- he saw was "a great, eel-like San Juan de Fuca. The creature ent Roosevelt's methods arc right. There are people in America who do not like the idea of reducing the mass of debt by monkeying with the currency. What do they want, then? In some quarters, it is urged that there should be a scaling down of all fixed charges, from freight rates to utilitics rates, coupled with a slash in mortgages, bonds and commercial loans. But here, again, we find opinion sharply divided. The task of America's statesmen is to find a

monster," with red and

green eyes, seven humps like # camel, and 1 face liko a cow. It appeared to measure BOMIC 90 feet in length, and it gave a great bellow before diving out of sight. entirely with the mariner. If Our sympathies in the matter rest there are no monstera like this one, there certainly ought to be, A world that can generate such fantastic creatures is infinitely more interesting and exciting than one which cannot.

way of getting rid of the load THE PRICE OF 'SKILL' of debts in some way which the people will tolerate. The trou-

One of the most interesting law- ble is that some of the actual sults for some time is the action methods being employed by filed against a New York legal firm President Roosevelt ure, in fact, the other day by Mr. Conrad H. adding to the burden rather Mann, former head of the Engles than lightening it. All the lodge. Mann was convicted of huge loans which are a feature violating lottery laws, and promptly of his policy will have to be re-

was pardoned by President Roo- sevelt. The firm which he has sued paid some time. And the ques- served as his counnel during his tion which naturally suggests trial, and he is asking the damages itself is, where is the money to as compensation for "humiliation, come from? The Roosevelt shame, and disgrace" suffered plans have, as we have before through alleged unskilful handling pointed out, reached a' stage innent question: What claim has a of his case. The action raises à which there can be no going ellent on his lawyer if he feels that back. For good or ill, the die his lawyer hasn't dong his best for has been cast. Nothing less him? Mr. Mann feels that propor than the whole structure of conduct of his case would have won capitalism is on trial. So far, his acquittal. Whether he will be no deep impression on the con- able to persuade a court that this tral problem has been made. question; meanwhile, the legal pro- contention is correct is another It la still in the lap of the gods session gets an interesting now whether the Roosevelt policies angle on the old problem of a law will needed or fall.

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