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XIII
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CHICAGO 12, ILLINOIS
COI N
MACHINE
REVIEW
8
FOR
DECEMBER
1943
1943. If our past "politics" persist, and if
these immense F orces (and their fa mili es)
repeat th e demands of the Leg ion follow·
ing the F irst World War, th e Treasury will
be virtuall y in th eir ha nds a fter thi s ec·
ond World War.
( b ) Agricultural E x penditures in 1941
(accordin g to th e World Alm anac) to·
tal ed $1,368,757,026, or about on e·quarter
of th e annu al spendabl e receipts of th e
Treasury in preceding yea rs.
Notwithstandin g thi s hu ge tribute a nd
the ma intenance of " parity pri ces" as min·
ima, th e " Bi ~ F our" fa rm o r~a niza ti o n s,
throu gh the con gression al F arm Bloc, seize
eve ry opportunity afforded by this wa r of
survi val, to extort furth er benefits from
th eir countrymen, and thu s defeat our be·
lated efforts to chec k ruin ous infl ation. See
the up;ly di clo ure by Raymond Clapper
in New York Wo rld·T el e~ ram , Se pt. 25 .
1942, reprodu ced in R ea der's Digest of
Nov., 1942.
( c) Unemployment ex penditures in 1941
( a cco rdin ~ to th e World Alm a nac ) totaled
1,735,255,043, b ein /l: about on e·third of
th e annu al s pendabl e receipts of th e U. S.
Trea ury in p recedin /l: yea rs. Countless ex·
a mpl es of wasteful ways, mea ns, and h abits
of thi s vast expenditure may be le ft to
spea k fo r th emselves.
(d ) Th e S ilver Purchases (payin g from
60 % to 100'/c more for dom esti c than for
foreign silve r) are far worse th a n a so p, of
the usual politica l character, to ecure th e
votes of the " Silver States".
This past and continuous purchase and
storage of silver, rega rdl ess of th e criti ca l
need for it in our war industri es and the
disturbinp; effect on th e currencies of Chin a
and oth er Countri es, is bli.mtl y described
in Twelve Men A gainst Th e Nation, con·
den sed from Barron's in Read e r's Di /l:est
of ov., 1942. To quote th erefrom : " Yet,
though our governm ent is also a wa re of sil o
ver's strateg ic importa nce today, politics
prevent th e use of the on e war metal of
whi ch we have a surplus . . . This co untrv'
s ilver policy, whi ch has been merely a n a n·
noyin /l: scandal for e ight years, is now a
c rime."
(e) Unlimited Gold Purchases, at a fix ed
p rice for all, a re in explicable. Why should
we enri ch ali en gold· producin g countries,
in order to establi sh a n a rtifi cial min e of
useless gold in Kentu cky, whe n (for th e
merest fracti on of uch ex penditure) we
might h ave been accumulatin p; strateg ica l
ma teri a ls now priceless, of which we are
a " have· not" nation ?
The Sec reta ry of th e Trea ury, in reply·
in g Ma rch 22, 1939, to Qu estion 6 of Sena·
tor Wagn er's Questionnaire, " Why doesn' t
the Treasury stop buying gold?", gave
lengthy expl a nati ons th a t boil down to
this-We have seized the bull by the tail
a nd ca nnot let go! Since th en the Treasury
has acquired ome e ight billions more gold.
Confusion is wor e confound ed by th e
prese nt action of th e Governm ent- whil e
continuin g unlimited purchases of fore ign
gold- in c lo s in ~ all domesti c ~old mines,
except those of in ignificant size or pro·
du cin g substa nti al quantit ies of other met·
al s, because strategic and base metal s a re
now more desirabl e than p;old.
(f) F ederal Aid, to Induce Municipali·
ties to Compet e with E xisting Utilities,
prior to 1938 comprised free p;rant up to
45 % of th e cost of labor and mate rials
n eeded, with loan of th e balan ce requi red
for completion of the new proj ect- whi ch
prohibited the purchase of existin p; pl ant.
Such wasteful dupli cation , by a tax· free
1
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GIMMICK
GUARD
Special Built-in
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NICKLE NUDGER CO.
Portland 14, Ore.
527 S. E. Stark
In the summ er of 1941 , Pres id ent Ben·
on (of H ardin g College, Arkan sas), su p·
portin g th e ceaseless war against waste of
Senator Byrd, showed con p; ressional com·
mittees how two billion dollars (over on e·
third of the Treasury's spend abl e in com e in
precedin g yea rs ) could be annually saved
in domesti c non ·defen e expenditure. Some·
what s imilar sa vinp;s have been urged by th e
Brookings In stituti on a nd oth er publi c·
s pirited bodi es-a nd less definitely by th e
Treasury.
But, although Dr. Ben 011 rece ived th e
unanimous thanks of th e W ays and Mean s
Committee for thi
testimony, and th e
C hicago Journal 0/ Co mmerce iss ued two
million re produ ctions before its publi c was
a ti sfi ed, " politi cs" prevail ed- until vast
wa r·w astes a bsorbed so me of this peace·
waste.
Much is hea rd nowadays con cernin g
moral e; but what ca n be more des tru ctive
of nati onal morale than demoralizin g na·
tion a l "politi cs"? Both in la nguage a nd in
nation al tolerance, " politics" ha becom e
an expl anation or excuse for an y so·call ed
politi cal action whi ch do not over·step
the borderline of " racketeerin g". Other·
wi se good citi zens will do for party or self,
und er th e gui se of " politi cs", wh a t th ey
would never do in th eir purely personal reo
la tions with society·at·large.
Not only has such " politics" des troyed
effi ciency in local , state a nd national ad·
ministration, but acqui esce nce in uch meth .
ods by th e nation·at·large, as in eparabl e
from democratic governm ent, has corres·
pondingly deteriorated th e chara cter, not
only of our government, but also of our
citizenry. In short, "spoils· patronage" is
both incredibly wasteful a nd nationally de·
gradin g.
All this and more are th e evil fruits of
· 's poil s·patrona ~e"-a legal growth of in·
direct bribery and corruption , that has its
upper roots in never·ceas in g electionee ring
and its dee per roots in unrestr icted suf·
fra ge; for a n unworthy vote, suffi ciently
la rge to hold th e ba lance of elec toral power,
is needed to ma inta in such a system.
XIV
Still more menacing, beca use th ey threat·
en both national and individual liberty, are
the organizations whi ch attain th e ir ends
by direct impa ct of "strikes" aga inst th e
(See DEMOCRA.CY, Page 10)
plus
"GIMMICK GUARDING"
I to 5 chutes ..................... $6.85 each
6 or more .......................... 5.85 each
1/ 3 Deposit With Order
We pay postage one way.
competito r who need not ma ke both ends
meet, means th e use of th e publi c's money
(partly provid ed by taxation of utiliti es ) to
destroy th e public's investm ent in existing
utilitie .
Since 1938 such dupli cati on is author·
ized, only if existin g facilities ca nnot b e
obtained " at a reasonabl e pri ce". This, in
eff ect, mea ns compulsory sa le at the pur·
chase r's price--a nd the total loss of the
huge F ederal taxes paid by th e utility pur·
chased or destroy ed.
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