8
,/ -.:.. ~ .; . 11,'" A T 'H " :·E: R E '.::'. -. , . soc t\ .' -. . , ;,' ". -: '. ' .. ; ... '.'.... ' ,;~: ,', ';.; .. '.: .' ". . .i. .\ '- "I> _14 ··,,',1' ,.;('~' .. :. .' .. __ ' " ' _." .,-::,~':•.... , ~""'.. ._,' .:'.~ ',. ',. ,' .•... ,. ¢ ,: . ." ',~ "•. 'Eeo~o"'le De_oe".e~'· " ,," " .-' _ r. • _' ': '-' 'J _', ...... ' -. 'if' ~ '," ,~ . , .'( Social, "Credit, . Secretariat ":' . '-'<,':' ;;: " . \"'~' i- I- ", ' "For Polltlc·.1. ,and. :,.,0000cial Organ '.'. of. th.~ i ' .:",~._.:' :.... . \' ~ \ _.;,,:~ I. I , ,;;! .:.: ',~ i:., ,:,: '-'.' ':.', ... . ".':" : 1- ... ,.' . :',~' : "';: .. 'No. 6 Reai.t"",d .• t C;;P.O •••• NewlPaper , ~ .. -.) ,: ~.~~ ..: Weekly "Twopence 'R' ':·A·;·W'·'\"? '·M·'· 'A'T' '. "E" R" ,"'IA' . 'L'" ;8:" 'R:"'A' ,. M' . P"A"'N: ' D' .• '. w ... : ... ' A";';"'R'..,"" .. .,:'.' ,j "'.' "', ."," .~. \,': , . .' . \. \ .. ',. .. '. ',.. .\ ',' :\." ',' .'. . '." .:.,.' " . :' . '~'~.\. '. ' . '. , -. ',' ~ '" \ __ ,I,' '. '. '~ ,' . ,'. , ' -. ., .... ',' . ". . -; ~_'-,.:; '; . " " , ' ;. .' .. ,'.. ,. '. . . ' " ,~, , . '. , . . . . . . . ,.' ..... . sir Samuel Hoare at Geneva , , . , .,' JAPA.NESE , ,"':' ."...... 'i, .,' '1 ··REJOI:NDER . . '," . :',My impression is that. there is" no question in present Circumstances of any colony withholding its raw ,. m(detia,~s from any,:prospecti:.ve pur- .cha:s.er. Oit .the ',CwU1'.a1'Y". 'tne troub'le is that th.ey ca~1'J.ot be sold ~t remu~era .... tive .pnces, _' Sir Sam.uel· Hoare, British Foreign Secretary. T HE common suggestion that people go . .to war in. order to obtain supplies instead of·to-try and force geods out of their own conntr.j~s w~s neatlyexposed by Sir Samuel Hoarein his now famous speech at Geneva ,on September 13. : ': . : , ' 'He said: Abundant' supplies of raw materials appear. to. give peculiar advantage to the 'countries possessing them. It is easy . ,ro exaggerate the-decisive. character of such \ .. ' an ad'vantage~ for there are countries which, . •. '{'• no natural abundance, have ~rQ$perou~ ;..~' .. ~A~'A~4';, 1 any colony withholding its' raw ~aterials from any prospective purchaser •. : On the cOrltrary, the trouble· is 'that they: cannot· be sold at remunerati~e prices. Japan also KQOwSWhat's What SABOTAGE,' of puri!tg.· the last five ye~s" numerous I 'N' atio n's shipbuilding yards have' been bought .' . for scrappmg J. by National Shipbuilders Security, Ltd., 'whose report. for the year enru.ng March 31 pas jhst been issued. . It IS recorded that Palmer's yards at Jarrow, Hebburn: and .Amble; and Walker's yard at Newcastle were bought; and, since March 31, the company has acquired Work-. man Clark's yard at Belfast, and Caird's, of Greenock, ',..... ,,;"., .. ,'" .' Sir James Lithgow isthe chairman of the ., The japanese reaction .to Sir Samuel Hoare's speech was 'reported by The. Times Special. Corres~ondent • in Tokyo. on September 14. .' They notedwith approval the. reference to the deeper question of the causes menacing peace in the uneq_Ual di.·s.tribution of' '.raw materials. 'The. Japanese Foreign Office spokesman did not refer to the raw. materials, drawn freely' from many iourc;es; on which Japan has built tip her industry, but dwelt on the growing tendency to restrict Japanese goods in colonial markets. . '. .' .The Nitrate Agr,eeme.nt A final touch to. this expost; from the two ends of the earth, of an' exploded fallacy is , '(C;:ontinued in next cc,lil1nn.) Wealth . . ..., '(Continued from previous colum,?,) given in the Financial Times leader. on .the nitrate producers' agreement on the day after .Sir SaIl_luel ~oare spoke. ' .. ' -.' . It scud: Nitrate ·1S one of the many corn- .modities in which productive capacity has run far ahead of possible consumption .. The ratio, in fact, is something like two to one. The expansion has taken place principally in the .synthetic group. . . company which buys and' breaks up ship- building yards and wMks.. .. . No valuation 'of rhe y.ards bought is given m the accounts, which show expenditure over' the last three years staJ1dllg at [1,836,357, as against [1,050,340 ~dve months earlier. Pu~ch~ses" .of redundant shipy~ for demolition or re~a~e (for .. o~~er .~~~) total [1,153,387, rlSlng from . £768,33'6;' '1llls is :1 the scrap.."value, of the yards, whose replacement price would. he. Cfl~usly greater. .. . .I " ·A new item is £126,985 in connection with purchase of shares in. a subsidiary acquired tor the purpose of discont.inui~g shipbuild,- ing. In respect of pacts to give ~ ship~ . b';lilding and marine engi~~enng the expen- diture IS [275,444~ 'l;idvanClng from £70>4+4. , (Comment 0'; the n.~'Xt- page) ) , ,. . / Latest-from. Alberta , ..". 'f;:', ·IN· -THIS ISSUE , c,-;, __ -.~.-;,-: --'"i\ -0: -, ., \ ' , $2,250,000; enough to meet all ~yt:p.en~s,.due before' the result of the federal election is known, I ...., .';' He refused' to commit dJ,e. incoming government to expenditure which can' be .'. .' properly negotiated whenit has taken office. .'" Newspaper on. Newspapers . Until Alberta has established its power 'to ·It will be noted that the. presll,.. didn't "cut any '. •. .. control its own credit Mr. Aberhart has no ice" in the.~eaign-· T,he dailie!l' and alltbe lead- To VISit Father CoUghlin . bi b ""d iIig weeklies.'bave strOng,ly. ..~d sometimes bitterly M Al» h h lef cO' '; .. optlon ut to orrow III or er to meet en- , d S '. I' -"":_dit c;.." ...... ...,_ ..........:.._ .... _ ..... Ia•• ~"'-d r. er art : as, t anada on a VISIt· ", QPpose ocra vCC: -- 'u.o,:. ~"""""" ~~..... F he . C· .' . gagements. the plan in Alberta. .'. . .to at . er· oughlin-an' app.J;'opnate move, . '. .• ..• ~egardl~ss o~ ~arty th~ .p~ bas- been almo;st. as he has ~,een called "the Father Coughlin \ A Sensible Resolution solidly united m its opposinon lb~ lUI, to- avail. of Alberta. ,., The! Edmonton Central Council of the, :r he people, have spoken <\~d.the press. has;\~n" Interviewed in Ottawa, he expressed' the . '. d h' f 11' ignored. I'he ~entry .o!· the \fourth degree \ will . belief that th S . al G. di P :. ' .: . Canadi.an Labour P<I;rty pa~se ,t e .0 owmg have to take their meCμclD!:-,lnd look pleasant.s-, '.. ,. 't,e OC1 . ~e t ~ty w0u!d ~ resolution at .a Il_leetmg .heltLon August 27:' From t~e'. "Barr1!!I,w. ~lf.iJ,r,le~;:, quote4, in LaIC' between thi~ty and thirty-five seats ia the ,'Reso~ved that .this cquμcil",sall.μP9n.;the ,£edl:i'al, "Edmonton lour-nal," :A.ugust !Z9. . , federal elfe<ltlOns. 1 ,·;" '.: ;,.';' i>~".',' .'.'\,'·i"'" -:» .// ,:" ~~':'." :~~i2P'?o;:::':." , .... ;:1:'. ':.':',~: ·:-·.·:':::":-::":·~.·;:·.·:;·:1'·' '-" ~.. ' J'n; ,.',,,:;.: ~:.~ :,;':;~:Mt;ritr;~~'V~~w'.:'\,'-': Tried "and . Found p. an'tin" g Make no' mistake. about it the . .' ; .'. .., ..',. , .... ..:..: ' electorate of Alberta. is ~n a' high . ..' level of culture. Uruvenllty gradu- ~~ _"I'"" _... l __ ............ _.-.;.:-.,. ......... -... -... -. .os!!!!! 9\ athes labouI1d, They' ·.hav.e a .:fine .. - sc 00 • system, It is v.e!y bnlikely :that .. m, any other :~. province the .gatherings. which would Iisten : .to pan:y> speakers could rate higher in mtelhgene~ and' understanding. : Yet t~ey have voted against· the gov~mment, '~against the U.F.A., agamst t~e Llberals and, ag;unst the Conservatives. . They have voted .3 c0n;t1?letewan~. of. confi~ce fu any pohtical orgarusation tliey lia;ve ever. kIjown. They have gone to the polls and registere~ utter contempt for. all tJle. established jarties that have ever been ~ted an tried in olice. They have voted for 'an untried man ap.d·;_t policy whose workings he osten~tiotidy refused: to eXp.~in ,before.pq.IDng~y. He was reported .as saym_g tblit It was liot necessary . ·for the' electorate tp Understand 'it; -From a Leader in the "Monti-eal ... ~.tgr/~" :,. .". 'I~" ;.':~~' .... '.: J\\Veri'l.ong,Sllot· - The nt-bit of the week'snel.s is provided by the 111ontrelll ~tanda,.d for August 24, rePort- ing :from Winnipeg." .' I~appears tl,tat tile Hon •. 'SV. J. ftJaJor, K.C., Atforney-Ge'nffaI 'of Manitob<l;, raised ~ question in the Marutopa LegIslature as to ,wpether' Willia~ AberhMt had . . "" L -_ .. J ~o~, v i 9f.tted J:b,~ ~()rrupt Prac-' ..... .-. -., ..... . ' . tlcc.s Act, an~tsp voided the elec- ' to Nauahty Alberta-' "Ah. but wait' for the .dUnt."· . . ;.rion Ib.,y ()(f~ .. :~Yery· TQter in. ., . '..' . ". ";. ,',', >". ~ber:ta tw~~ .. fiye. dollars a [Reproduced by courtesy of. ~(The E'venmg Tmltl:S," Glasgpw, month. to -(6te,'for IDS p_atty. .l , __..; line' be .no' Labourjopposition to' an 'attempt to eliminate poverty in: the midst of. plenty, The' resolution' was carried unanimously.'. you fellowS' l;Ife . -; We trust y.ou try to hinder our efforts .to give the people honest government. I· think. your £uec;tion lS to, l!ive the people the facts and I1:t t},lem .be the judge. I' don't think you have' any right to spread lie~.· . ~.spe~y.as regards coiomai raw Iμaren<l;ls, it 1SRot unnatural that .such a state of affairs · should give rifle to; fear lest exclusive mono- polies . be set up at the expense' of those countries that do hot possess colonial empires. . It is clear that iii. the view of many "is a real problem; ,. . . . The view of His Majesty's Govern'- ment i~' that· the pl'oblem is economic' rather', than f' olitical .and . territorial. It is die fear 0. monopoly - bf 'the with- holding of essential colonial raw. materials that is causing alarm. It is the desire for a guarantee that .the distribution of .raw materials will not be unfairly .impeded tha~ is stimulating the demand {OF '~)Jrtl;l;er, ,inq'\l~~Y' ',' f;' .~ '..." i' '" ,d '.' :" .' My .i~p ..es~lon is tha~ there r-1s'no · .queition in present circumstances of Providence . ;.(..Intervenes ! B.raz'il Dest~oying. Coffee In a communication to the Press yesterday, tb,e' President of the National Coffee Depart- ment stated·' that' the 'statistical' position of co1fee will be main- tained ;and that the .dtstiti.ction · of 760,000 bags belongiitg to the /National Coffee Departnient, already ordered for the earliest pos~ible dat~, wil~; be composed ~ '~,OOI? . '!Jags interior coffees aiJ"d..· 80,000 bags Santos. ~ "Financial Times," September 12'. I "''- t;.)i StorlD'. D~troys Coffee A terrific storm has destroyed ~~ 500,000 bags of' coffee, mostly of low grades.-.:<tFinancialTimes:".· September 14. . . MaJorDouJ!isonGoldStandard "3 "Money" by OtWl ¢CanterburY; "3 ov.rseas N~\' <.' ~ .:+f A~lye SeMee; . " :.. '~ .~ +t .;e::t~:~~~: ~i~~;tv~ '';' . , 'i' '_".' ':.';,,'1 .. ,,_"',;," \" i , . The Old 'U~t ,.',

I. :,.,0000cial Organ '.'.of. Secretariat :' ,:,: ':.', ,;;!.:.:',~ w: ' · 2019-09-18 · tive .pnces, _' Sir Sam.uel· Hoare, British Foreign Secretary. THE common suggestion that

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Page 1: I. :,.,0000cial Organ '.'.of. Secretariat :' ,:,: ':.', ,;;!.:.:',~ w: ' · 2019-09-18 · tive .pnces, _' Sir Sam.uel· Hoare, British Foreign Secretary. THE common suggestion that

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11,'"

AT'H"

:·E:RE

'.::'. -.

, .

soc t\.' -. . , ;,' ". -: '. ' .. ; ... '.'.... ' ,;~:,', ';.; .. '.: .'

<» ". . .i. .\ '- "I> _14··,,',1' ,.;('~' .. :. .' .. __ ' " ' _." .,-::,~':•.... , ~""'.. ._,' .:'.~ ',. ',. ,' .•... ,. ¢ ,: . ." ',~ "•.

'Eeo~o"'leDe_oe".e~'·" ,," " .-' _ r. • _' ': '-' 'J _', ...... ' -. 'if' ~ '," ,~ . ,

.'( Social, "Credit, . Secretariat ":'. '-'<,':' ;;: "

. \"'~' i-

I -

", '

"For Polltlc·.1. ,and.

:,.,0000cial Organ '.'.of. th.~i ' .:",~._.:':.... . \' ~

\_.;,,:~ I. I ,

,;;! .:.:',~i:.,,:,: '-'.' ':.', ...

. ".':"

: 1-... ,.' . :',~' : "';: ..

'No. 6 Reai.t"",d .•t C;;P.O •••• NewlPaper, ~..-.)

,:~.~~..: Weekly "Twopence

'R' ':···A···;··W'···'\"? '·M····'· 'A'T' '. "E" R" ,"'IA' . 'L'" ;8:" 'R:"'A' ,. M' . P"A"'N: ' D'' .• '. w...:...'A";';"'R''..,"".. .,:'.',j "'.' "', ."," .~ . \,': , . .' . \ . \ ..',. .. '. ',.. . \ ',' :\." ',' . '. . '." .:.,.' " . :'. '~'~.\. '. ' . '. , - . ',' ~ '" \ __ ,I,' '. '. ' ~ , ' . ,'. , ' -. • ., .... ','

. ". . -; ~_'-,.:; '; . " " , ' ;. .' .. ,'.. ,. '. . . ' " ,~, , . '. , . . . . . . . ,.' ..... .

sir Samuel Hoare at Geneva, , . , .,'

JAPA.NESE, ,"':' ."...... 'i, .,' '1

··REJOI:NDER. . '," .

:',My impression is that. there is" noquestion in present Circumstances ofany colony withholding its raw

,. m(detia,~s from any,:prospecti:.ve pur-.cha:s.er. Oit .the ',CwU1'.a1'Y". 'tne troub'leis that th.ey ca~1'J.otbe sold ~t remu~era ....tive .pnces, _' Sir Sam.uel· Hoare,British Foreign Secretary.

THE common suggestion that people go. .to war in. order to obtain supplies insteadof·to-try and force geods out of their ownconntr.j~s w~s neatlyexposed by Sir SamuelHoarein his now famous speech at Geneva

,on September 13. : ': . : , ''He said: Abundant' supplies of raw

materials appear. to. give peculiar advantageto the 'countries possessing them. It is easy

. ,ro exaggerate the-decisive. character of such\ .. ' an ad'vantage~ for there are countries which,

• . •.'{'• no natural abundance, have~rQ$perou~ ;..~'.. ~A~'A~4';, 1

any colony withholding its' raw ~aterialsfrom any prospective purchaser •. :Onthe cOrltrary, the trouble· is 'that they:cannot· be sold at remunerati~e prices.

Japan also KQOwSWhat's What

SABOTAGE,' ofpuri!tg.· the last five ye~s" numerous I 'N' atio n's

shipbuilding yards have' been bought .' .for scrappmg J. by National ShipbuildersSecurity, Ltd., 'whose report. for the yearenru.ng March 31 pas jhst been issued. .

It IS recorded that Palmer's yards atJarrow, Hebburn: and .Amble; and Walker'syard at Newcastle were bought; and, sinceMarch 31, the company has acquired Work-.man Clark's yard at Belfast, and Caird's, ofGreenock, ' ,..... ,,;"., .. ,'" .'

Sir James Lithgow isthe chairman of the

.,

The japanese reaction .to Sir SamuelHoare's speech was 'reported by The. TimesSpecial. Corres~ondent • in Tokyo. onSeptember 14. .'

They notedwith approval the. reference tothe deeper question of the causes menacingpeace in the uneq_Ual di.·s.tribution of' '.rawmaterials. 'The. Japanese Foreign Officespokesman did not refer to the raw. materials,drawn freely' from many iourc;es;on whichJapan has built tip her industry, but dwelton the growing tendency to restrict Japanesegoods in colonial markets. . '. .'

.The Nitrate Agr,eeme.ntA final touch to. this expost; from the two

ends of the earth, of an' exploded fallacy is, '(C;:ontinued in next cc,lil1nn.)

Wealth

. ....,'(Continued from previous colum,?,)

given in the Financial Times leader. on .thenitrate producers' agreement on the day after

.Sir SaIl_luel ~oare spoke. ' .. ' -.' .It scud: Nitrate ·1S one of the many corn-

.modities in which productive capacity hasrun far ahead of possible consumption .. Theratio, in fact, is something like two to one.The expansion has taken place principally inthe .synthetic group. . .

company which buys and' breaks up ship-building yards and wMks.. ... No valuation 'of rhe y.ards bought is givenm the accounts, which show expenditureover' the last three years staJ1dllg at[1,836,357, as against [1,050,340 ~dvemonths earlier.

Pu~ch~ses" .of redundant shipy~ fordemolition or re~a~e (for .. o~~er .~~~)total [1,153,387, rlSlng from .£768,33'6;' '1lllsis :1 the scrap.."value, of the yards, whosereplacement price would. he. Cfl~uslygreater. . . .

. I "·A new item is £126,985 in connection withpurchase of shares in. a subsidiary acquiredtor the purpose of discont.inui~g shipbuild,-ing. In respect of pacts to give ~ ship~

.b';lilding and marine engi~~enng the expen-diture IS [275,444~ 'l;idvanClng from £70>4+4.

, (Comment 0'; the n.~'Xt- page)

) , ,. . /

Latest-from. Alberta,

..". 'f;:',

·IN· -THIS ISSUE

, c,-;, __ -.~.-;,-: --'"i\ -0: -, . , \ ' ,$2,250,000; enough to meet all ~yt:p.en~s,.duebefore' the result of the federal election isknown, I ...., .';'

He refused' to commit dJ,e. incominggovernment to expenditure which can' be .'. .'properly negotiated whenit has taken office. .'" Newspaper on. Newspapers .

Until Alberta has established its power 'to ·It will be noted that the. presll,..didn't "cut any '. •. . .control its own credit Mr. Aberhart has no ice" in the.~eaign-· T,he dailie!l' and alltbe lead- To VISitFather CoUghlin

. bi b ""d iIig weeklies.'bave strOng,ly...~d sometimes bitterly M Al» h h lef cO' '; ..optlon ut to orrow III or er to meet en- , d S '. I' -"":_dit c;.." ...... ...,_ ..........:.._...._ ..... Ia••~"'-d r. er art : as, t anada on a VISIt·", QPpose ocra vCC: -- 'u.o,:. ~"""""" ~~..... F he . C· .' .gagements. the plan in Alberta. .'. • . .to at . er· oughlin-an' app.J;'opnate move,

. '. . • . .• ~egardl~ss o~ ~arty th~ .p~ bas- been almo;st. as he has ~,een called "the Father Coughlin\ A Sensible Resolution solidly united m its opposinon lb~ lUI,to- 1» avail. of Alberta. ,.,

The! Edmonton Central Council of the, :rhe people, have spoken <\~d.the press. has;\~n" Interviewed in Ottawa, he expressed' the. '. d h' f 11' ignored. I'he ~entry .o!· the \fourth degree \ will . belief that th S .al G .di P :. ' .: .Canadi.an Labour P<I;rty pa~se ,t e .0 owmg have to take their meCµclD!:-,lnd look pleasant.s-, '.. ,. 't,e OC1. ~e t ~ty w0u!d ~

resolution at .a Il_leetmg .heltLon August 27:' From t~e'. "Barr1!!I,w. ~lf.iJ,r,le~;:,quote4, in LaIC' between thi~ty and thirty-five seats ia the,'Reso~ved that .this cquµcil",sall.µP9n.;the ,£edl:i'al, "Edmonton lour-nal," :A.ugust !Z9. . , federal elfe<ltlOns.1,·;" '.: ;,.';' i>~".',' .'.'\,'·i"'"

-:» .// ,:" ~~':'." :~~i2P'?o;:::'::." , .... ;:1:'. ':.':',~: ·:-··.···:':::":-::":·~.··;:·.·:;·:1'··' '-" ~.. ' J'n; ,.',,,:;.: ~:.~:,;':;~:Mt;ritr;~~'V~~w'.:'\,'-':

Tried "and .Found p.an'tin"g Make no' mistake. about it the. .' ; .'. .., ..',. , .... . .:..: ' electorate of Alberta. is ~n a' high

. ..' level of culture. Uruvenllty gradu-~~ _"I'"" _... l __............_.-.;.:-.,. .........- ...-... -. .os!!!!! 9\ athes labouI1d, They' ·.hav.e a .:fine

.. - sc 00 • system, It is v.e!y bnlikely:that .. m, any other :~.province the.gatherings. which would Iisten : .topan:y> speakers could rate higher inmtelhgene~ and' understanding. :

Yet t~ey have voted against· thegov~mment, '~against the U.F.A.,agamst t~e Llberals and, ag;unst theConservatives. . They have voted .3c0n;t1?letewan~.of. confi~ce fu anypohtical orgarusation tliey lia;ve ever.kIjown. They have gone to the pollsand registere~ utter contempt for.all tJle. established jarties that haveever been ~ted an tried in olice.

They have voted for 'an untriedman ap.d·;_t policy whose workingshe osten~tiotidy refused: to eXp.~in,before.pq.IDng~y. He was reported

.as saym_g tblit It was liot necessary. ·for the' electorate tp Understand 'it;

-From a Leader in the "Monti-eal...~.tgr/~" :,. .". 'I~" ;.':~~' .... '.:

J\\Veri'l.ong,Sllot·· -The nt-bit of the week'snel.s

is provided by the 111ontrelll~tanda,.d for August 24, rePort-ing :from Winnipeg." .'

I~appears tl,tat tile Hon •.'SV. J.ftJaJor, K.C., Atforney-Ge'nffaI 'ofManitob<l;, raised ~ question inthe Marutopa LegIslature as to,wpether' Willia~ AberhMt had .

. "" L -_ .. J ~o~, vi9f.tted J:b,~ ~()rrupt Prac-'..... .-. -., ..... . ' . tlcc.s Act, an~tsp voided the elec- '

to Nauahty Alberta-' "Ah. but wait' for the .dUnt."· . . ;.rion Ib.,y ()(f~ ..:~Yery· TQter in.. , . '..' . ". ";. ,',', >". ~ber:ta tw~~ ..fiye. dollars a[Reproduced by courtesy of. ~(The E'venmg Tmltl:S," Glasgpw, month. to -(6te,'for IDSp_atty.

. l

, __..; line'be .no' Labourjopposition to' an 'attempt toeliminate poverty in: the midst of. plenty,The' resolution' was carried unanimously.'.

you fellowS' l;Ife. -;We trust y.ou

try to hinder our efforts .to give thepeople honest government. I· think. your £uec;tionlS to, l!ive the people the facts and I1:t t},lem .bethe judge. I' don't think you have' any rightto spread lie~.· .

~.spe~y.as regards coiomai raw Iµaren<l;ls,it 1SRot unnatural that .such a state of affairs

· should give rifle to; fear lest exclusive mono-polies . be set up at the expense' of thosecountries that do hot possess colonial empires.. It is clear that iii. the view of many

"is a real problem; ,. . . .The view of His Majesty's Govern'-

ment i~' that· the pl'oblem is economic'rather', than f' olitical .and . territorial.It is die fear 0 . monopoly - bf 'the with-holding of essential colonial raw. materialsthat is causing alarm. It is the desire for aguarantee that .the distribution of .rawmaterials will not be unfairly .impededtha~ is stimulating the demand {OF '~)Jrtl;l;er,

,inq'\l~~Y' ',' f;' . ~ '..." i' '" ,d '.' :"

.' My .i~p ..es~lon is tha~ there r-1s'no· .queition in present circumstances of

Providence .;.(...Intervenes !B.raz'ilDest~oying. CoffeeIn a communication to the

Press yesterday, tb,e' Presidentof the National Coffee Depart-ment stated·' that' the 'statistical'position of co1fee will be main-tained ;and that the .dtstiti.ction

· of 760,000 bags belongiitg to the/National Coffee Departnient,already ordered for the earliestpos~ible dat~, wil~;be composed~ '~,OOI? . '!Jags interior coffeesaiJ"d.. · 80,000 bags Santos. ~"Financial Times," September12'. I "''-

t;.)i

StorlD'.D~troys CoffeeA terrific storm has destroyed ~~

500,000 bags of' coffee, mostly oflow grades.-.:<tFinancialTimes:".·September 14. . .

MaJorDouJ!isonGoldStandard "3"Money" by OtWl¢CanterburY; "3ov.rseas N~\' <.' ~.:+fA~lye SeMee; . " : ..'~ .~ +t.;e::t~:~~~:~i~~;tv~'';'

. , 'i' '_".' ':.';,,'1 .. ,,_"',;," \" i

, .

The Old 'U~t

,.',

Page 2: I. :,.,0000cial Organ '.'.of. Secretariat :' ,:,: ':.', ,;;!.:.:',~ w: ' · 2019-09-18 · tive .pnces, _' Sir Sam.uel· Hoare, British Foreign Secretary. THE common suggestion that

SOCIAL CREDITA. Journal of Economic Democracythe Official Organ of the Social Credit

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Vol. 3. No.6 Friday, September 20, 1935--WAR!

come."Fifty years is a long time. Mussolini,

conqueror of Ethiopia, the Great Work-Bringer, will be in Valhalla by then, and hissuccessor will have the job of finding anotherbackward race for the ministering Blackshirtsto tame and civilise.. In fifty years, too, Abyssinia will be

thoroughly developed commercially, with itsbudget unbalanced and its population,including settlers, tightening their belts, as inany progressive Western country to-day. Sothere will be the addedincentive of lookingafield for further "wealth,"

SOCIAL' CREDIT SEPTEMBER 20, !935

. " ,

From a Seat in the StallsFirianclili Security 'and National Security

By a£trange twist of irony a Bank ofEngland concern which' has probably donemore in the last few years to undermineBritain's 'security than all the Communistsand all the machinations of foreign powersput together, is called National ShipbuildersSecurity, Ltd. A more suitable name wouldbe International Bankers' Security;' for thisconcern is engaged in making shipowningsafe for bankers who now control the"British" mercantile marine. It is "ration-alising" the shipbuilding industry by -scrap-ping so-called redundant yards.

.According to its annual report-noticed onour front page-this company has .spent, inthe last three years, a total of [1,153;387 tobuy shipbuilding yards for the deliberatepurpose of scrapping them. To replace thi.sdestruction would cost at least twenty timesas much. This is but one more instance ofthe sabotage of real wealth in the attempt tomake facts fit an archaic financial system.

by The Times, still believes in the desirabilityof an expansion of international trade as ameans to overcoming the unemployment,created by increased' efficiency in production.This despite the fact that the League is sup-posed to be a peace organisation, and that thefight for export markets is demonstrablyalmost the only cause of war to-day.

we scrap, but even at this rate, in twelveyears or so, Japan would have made up. forBritish scrapping; but the rate is increasing,so it will not take so long.

The British cotton trade's new motto hadbetter be: "If at first you don't succeed,scrap, scrap, scrap again"; unless the ownersbegin to think for themselves, instead ofleaving this job to bankers' yesmen, Ifthey did they would realise the absurdityof expecting prosperity to return as a resultof scrapping real wealth, Having got 30far, they might even consider the moresensible plan of having additional ticketsissued to consumers to buy more cotton,instead of cutting down production to fitpurses, which are short of tickets-and, byso doing, incidentally empty still morepurses by throwing more people out ofwork.

Cotton spinners! Demand a N ationalDividend for all your customers, and for yourcustomers' customers. It may be a newidea to you, but it's better than scrappinggood goods, and better than a meeting ofcreditors, And-tell it not in Oath=youmight even pay a dividend to your ownshareholders!

The Breaking PointThe latest "exhibit" in our national

Chamber of Horrors comes from Durham.Mental hospitals in Durham County are socrowded that there is a waiting list of 400mental defectives in need of care. In 1934there were 176 new cases and only twenty-nine vacancies, The pressure 'is so great thatsome of .the Public Assistance institutionsare to be partially converted into mentalhomes .

The cause of all this, according to Coun-cillor Alfred Tucker, J.P., a member of theCounty Health Committee, is the economiccondition of Durham.

He says: "This continued depression andfighting on the part of the vast army of un-employed to make ends meet often resultsin many of them being certified. The mindbreaks under the terrible strain."

The question is, if the present exhibits arenot enough to rouse us into action, whatis? We have pregnant mothers starvingthemselves, babies suffering from malnutri-tion, prisons full of debtors, millions in astate of nervous breakdown, several'hAn,~"Drl~ gnltlg 'h;;J~}sr:·cpt,_c,'l-ch.ye~;l...•.mi.:l--.about the same number CGmmYttrrrg-suicide;and now the asylums filling up. How long,oh Lord, how long?

A Splendid ExampleA Scottish parson, up in' London for a

brief visit, called at the offices of SOCIALCREDIT,bought five dozen copies at IS. 6d.a dozen, tied a poster on to his person,sallied fortP- into the Strand, sold thelot, came back, bought three dozen more,went forth again, sold the lot, came back,reported his success, and left the whole stafffeeling as if a sea-breeze had blown throughthe office!

How desperate is this search for "wealth" It is fitting in every way that Dr. Schacht,from, outside is clearly shown in a press Germany's finance minister from America,report of a recent broadcast to the American colleague of Hitler and friend of Mr.people by Count Ciano, the Italian Press Montagu Norman, should be. the one to

M· -, ds I f M Iini blurt out openly the connection between;,mster,. a~ son-in- aw 0 ,usso ill. . unemployment, finance and war.Abyssinia . . . . was doing everything «R' t d 'l't' trainino"., .,. e-armamen an mt t ary rmntng,

pos~Ible to disturb the peace m Afnca beyond he boasts, "have done more than qny otherits frontiers and to prevent a rich market factors to reduce unemployment in thisfrom being submitted to the economic sway country."of the civilised world. In a world suffering Mussolini says the same, not in words butfrom the effects of a severe crisis such a thing in actions. With a million young men gone,

. . 1 b f h or going, to campaign in African deserts,becomes cnmmai, a sa otage 0 uman d h f Ilk' . .h. . .. . an t e rest 0 ta y wor mg to eqwp tern,collaboration that the civilisation of to-day the Italian unemployment problem must be

. can. no longer tolerate. nearly out of sight."When Italy ..has restored peace and order Our own government, in its own muddling

to these .lands she will also have opened a way, does the same. The comparativenew and precious market that Abyssinian pr<?sp~rity that many parts of ~n~land ~rebarbarism has so far kept strictly and enJoYIng, and the presenr b?om m industrial

lfihl 1 d ld caoi 1 d 1 b "shares, are due ahnost entirely to prepara-

se s y c.o~e to wor caplta an ,a our. tions for (or against) warfare. . ~,Surely.lt IS cle~r that .both the mternal/- Last year the world's expenditure on;!

troubles in Italy and the search for such a' armaments increased by 125 millions up to asinister remedy are caused by Italy's failure total of 1,225millions; so says the ..Wgll~,I?ito distribute the plenty which exists at home? . N~ti0ns "Ar~a~e~t~ re~ _J3..0<?1s'~ ThisAnd this failure in distribution is due to the year, of course, It WIll go far beyond thatI 1· 1 d dinz i figure. .· ta Ian peop e not eman ng It.

If we all want work and wars, well and

THE Johannesburg Labour weekly,Forward, in its issue of July 19, has a

leader which admits that Major Douglas isright about the causes of war. It ends withthe words, "In view of the indisputable factsof the (Abyssinian) affair, there can now nolonger be a shadow of doubt that MajorDouglas'S analysis of the economic causes ofwar is only too well founded."

(Why do supporters of Labour in other I A Warningcountries back up Major Douglas, while our Those who remember the submarineown Labour people cling to the never, never blockade of the last war, which resulted inattitude? Will some Socialist reader please the loss of millions of 'tons of ships andexplain?) thousand~ of J:uman. lives, an~ nearly

A h hv i hi Ab " b resulted in starvmg this country into sur-ny' ow, w y IS t IS yssmlan war a out render, should ponder the dangerous

to break out? Ask the first ten men you activities of National Shipbuilders Security,meet, and what will they say? particularly at the present moment. We.' One or two, perhaps, will say that trust that, i~ unfortunately ;;,ar comes aga~n,

Mussolini is a dangerous jingomaniac who no plea" of .Ignorance or sound ~nanClal _ ... " hat he i reasons, WIll enable those responsible for .' Cotton Cotton Ever where But

ought to be locked up, and t at he ISforcmg this sabotage to escape the penalty of i ' , Y ,hi .... . . h ld .. uff f 1 f .' Not aShirt to Wear!s country Into war. traitors, s ou Britain s er or ack 0 .

.All right, but what made him a jingo- these yards in which to build ships to replace According to the Survey of the Guarantee. ? C' F' f d d those sunk' Trust Company of the New York cotton· man.,lac. . ircumstances. asclsm, oun e . . tl . will h . f.. Th hai f N' 1 In' crop, lIS year s ow an Increase 0 someon financial orthodoxy is beginning to crack. .e c airman 0 I anona secunty - illi bal h fib

. . .'. Sir James Lithgow-has held a commission two rni on. es ~)Ve:t at 0 ast year, utThe Promised Land IS no nearer. Ahead, h B" h Ar UT' ld him the market IS shnnking. In the year end-In tenUs my. vve wou urge " ' ..lie. poverty and distress. Discontent grows most seriously to consider whether his oath mg J~y 31 .la..st,for the first nme since theapace. There is the certain prospect of of 10 alt is com atible with his resent Amencan CIvIl War, except for the sh~mp

. .. .t'Y Y P P year of 1930-31, the sales of Amencanenforced :dlen~ss and .b~lt-tIghtenmg for POSIIOn. cotton were exceeded by the sales of cottoncountless Impatient FaSCIStl. The Hard Case grown in other parts of the world.

Somehow ~here seems neither enough work Referring to the "World Economic Cott<~n production, whi~h is still thenor wealth m Italy, so the Duce looks for Survey," just issued by the, League of most II?portant export mdustry of ~efresh worlds to conquer, Expand or go bust Nations Secretariat," The Times says: u.~.A., IS no longer a m~mopoly; cotton is. ' " , bemg produced from China to Peru. SOISthe rule of this crazy economic system. The How far the world has yet to ,travel before It I" ith alm di

· . . .' returns to anything like normality may be realised It .IS Wl " ~st every commo .ty. one c~n. ".:presSUl~egauges nse ~ey~nd the dange_rm~rk.. ~!the ..fact. that,..,w?rld ,t,rade ~~~t year ~d ~~le~ , . t!link of, sup~lies. ~e .almo,st,1l;nlimited; still

",:""'~'A"S'afety"Valve;-a-&-aIe1:r--v-alve,_'lny·.kin.gti.U1.'li-I·'·~'.e~..-:""'. ""'Lc~§ ."t6 6 "__'_e",*~~~., . ~· 'f'" .. f '1' 1 Ah-Ab .. 1 Its sterling, value III 1929' Unem.ployment III lag each nation fights more keenly foror a sa ety va ve. yssima. 1934 was still more than double that in 1929. If ' . .

"The task of colonising and civilising the, absorption of unemployment should contin1!e export ~arkets, so that th~ peachefulhtilleldr. . . " ,,' . . " during the current year' at the same level as In of the SOlIfinds that by sowmg w at s au

Eth!0pla, says t.he Duce, Will provide the 1~34 the am.ount of une~ployment in the wor!d be a useful crop, he sows the dragon's teethItalian people with work for fifty years to With production back to Its 1?29 level would stIll which spring up as armed men.

. I be 75 per cent. greater than It was then, The .irresistible conclusion is drawn that until some So much for cotton grOWing-let us turnsignificant expansion of international trade is to cotton spinning.achieved there will remain, despite substantial Irecoveries in national production, a "hard core of •unemployment" in practically every industrial Scrap, Scrap, Scrap Againcountry.

This quotation proves two things, that thedemand for labour has continued to shrink,although production has expanded, and thatthe League Secretariat, supported, of course,

good .. But if we wish wars to cease we mustdemand the end of this artificial poverty.We have only ourselves to blame.

G. W. L. DAY.

Preparation for WarPreparation for war has reduced unem-

.ployment in Italy by about half a million,and in this, and other industrial countries,by larg~ numbers. Simultaneously, it hasincreased exports. Assuming that Italy goesto war, these exports-bombs, shells, etc.-will be given to the Abyssinians, and, assum-ing an Italian victory, subsequently chargedup to them in the peace settlement.Abyssinia will then be "developed" byItalian (or League of Nations?) loans spent.in Italy for plant and equipment. To payfor these Italian exports-bombs and shellsand plant and equipment-taxation will haveto be imposed, and by this means theAbyssinians will be forced to work in .theItalian mines, plantations and other under-takings. Slavery will be abolished to be in-troduced in a new adtl possibly worse form,for whereas a slave is of economic value to hisowner, a worker is of none, for he can easilybe replaced at no cost.. But Italian export trade will revive, and sothe scourge of unemployment will be over,come-at least temporarily.

While British cotton spinners are busyplanning to scrap ten million spindles, theJapanese are busy installing new ones, tothe tune of 802,638 in the last twelvemonths. They do not yet build as fast as

ARE YOU ASKING FOR WAR?Employment Fetish-Nations

Creating Money _on Social CreditMoney is no obstacle. All the countries

are discovering now that the money-reformers are .right, .and that any countrycan create as much money as it likes for

Solving Problem with War Work

internal purposes, so long as it keeps withinits national resources of raw materials, etc.

,//Italy, Germany, Japa~;- are all using theirriational credit to create the money theyneed, though, unfortunately, not using it inways that will benefit their poorer citizensmuch,

Even our own government-wonder ofwonders I-now goes about saying that

By F. H. Drinkwater

"finance need be no obstacle" to publicworks that would relieve unemployment,though it has not yet got to the point ofdoing much about it.

Governments know how to find the moneyall right. But they will not issue it as con-surners' money.' Only for production. Onlyas a wage for work. Those who have nowork must have no money, except what istaken from workers.

Nazi Minister's FranknessListen to this: «It is not the job of man-

kind to live in an earthly paradise. His taskis 'to struggle, to work, to earn his daily

. bread." Who said that? Sounds like somebishop or dean, y.ou think? Not aT all-itwas Dr. Goebbels, Nazi minister of enligh-tenment and propaganda.

Here is some more enlightenment: «Ifrankly admit that with all our labours wehave not succeeded in turning Germany intoa paradise. We could not do it-btU we didnot want to do it!"

So there you have it-Coebbels and Schachtbetween them spill the whole sack of beans.Unemployment must be "remedied," but youmust not give the unemployed money,because that would set them free; you mustgive them work. There is no ordinary workto give them, because the machine does itall; consequently you must give them war-work.

War-work solves the. whole problembecause it goes on for ever without reallyproducing anything except a heap of corpsesnow and then-and even that means fewerunemployed.

Criminal InsanityEverybody else is satisfied; above all

Finance is able to keep its control and drawits regular toll of interest on all moneyissued.

Is thai really what you' want, Catholicreader? No, anybody' can see that it iscriminal insanity. Can't you understand,then, that there is only one alternative to it,and that is to issue money directly for theconsumer as such-a social dividend in someform or other?

At any rate, be clear about this, for thereis not the slightest shadow of doubt about itany longer; if you insist that the remedy forunemployment is work, work alone, work atall costs, then what you are asking for i&--war! -Reprinted from the «Catholic .Herald"of September 6,

Page 3: I. :,.,0000cial Organ '.'.of. Secretariat :' ,:,: ':.', ,;;!.:.:',~ w: ' · 2019-09-18 · tive .pnces, _' Sir Sam.uel· Hoare, British Foreign Secretary. THE common suggestion that

SEPTEMBER20, 1935 SOCIAL CREDIT 43

MAJOR C. H. DOUGLAS on the

I GoldStandard

Published in The Rotarian, April 1935, in a sym-posium of three articles under the heading, 'Whatof the Gold Standard 1 • The other articles wereby Fentiner Van Vlissingen. President of theInternational Chamber of Commerce, and E. W.Kemmerer. Professor of International Finance,Princeton University.

IHAVE been asked to formulate myopinion upon the future of the gold

standard. To do this with some approxima-tion to intelligence, it is necessary to definemy understanding of what is meant when werefer to it.

In theory, although probably never in fact,all forms of monetary effective demand, incountries professing to operate the goldstandard, were exchangeable for gold in afixed ratio of the monetary unit of thecountry to gold of a certain fineness. Forinstance, in Great Britain, gold of standardfineriess, about 92 per cent" was exchange-able for the national currency at the rate of£'3 17s. 100.d., per ounce, which automati-cally produced a par value as between theAmencan dollar containing 23 grains andthe English pound sterling containing 113grains fine gold of about $4.850..

It is obvious that the exchange of nationalcurrencies for gold at a fixed price upondemand and without restriction as abovedefined does not exist, and it is probablysafe to prophesy that it, will never bere-established.

Dead and BuriedIn that sense, the gold standard is already

dead and buried. The importance which thisenquiry possesses probably turns upon thevitality of the idea of gold as a.greater or lesscomponent of the large bank credits whichcarry the major portion of business transac-,tions.

The introduction of the word "credit" intomonetary problems, although probablyinevitable, is unfortunate. It opens the wayto the' assumption, no doubt temporarily notwithout justification, that monetary scienceis primarily a form of black magic, and thatso long as the population can be maintainedin a state of hypnotic trance in regard tomonetary problems, accompanied by atouching faith in the witch doctor, all will bewelL Only looked at from this point of viewhas gold any special function in regard to amodern, currency and financial system.

If the world at large cannot "believe' that acurrency system can be a good system unlessit is connected with .gold, even though thepopulation neither touches, sees, nor controlsgold, it may be true that for a greater or lessperiod of time gold has a psychological usein connection with currency,

If it Works it is GoodBut, at the bottom, a monetary system is

as good as it works. Any monetary systemwhich will satisfactorily deliver; to con-sumers, those goods which producers are ableand anxious to make, will create the most.solid form of confidence, quite irrespective ofits relationship to gold or any other singlearticle. In order to do this, it must obviouslyvary with and be based upon those thingsfor which it is an effective demand, that is,general goods and services.

The public, as a whole, does not want goldand has no considerable use for it. It desiresthose things which can be summarised as ahigh standard of living and economicsecurity. From the point of view of internal

· or national trade then, the gold standard hasno future, and is, in fact; based upon' a com-plete misapprehension of the nature of themodern production system, which is not toany considerable extent an exchange of com-modities individually produced, but is rathera synthetic assembly of output of machinesoperated by power and requiring continu-

· ously less attention by human operators.

Dividends Must Replace WagesFor this reason, the problem of a satisfac-

tory economic society is essentially adividend problem, and not a wage problem,and its solution is, perhaps, less related tothe idea of values, gold, or otherwise, thanto an appreciation of the fact that continu-ous production is only possible if the articlesconsumed are taken away from the factorydoor as fast as they are made. This is, ofcourse, in complete opposition to. the ideathat production should ,be limited by thepower to buy, but rather implies that thepower to buy should be increased up to thelimits of the power to produce, even thoughthe power 'to produce IS accompanied by adiminishing demand for labour.

· Viewed from the standpoint of realisticinternational politics, the prospects of thegold standard do not appear to me to bemuch brighter. If it be assumed that somekind of gold standard. could, for a time, bemaintained, either by force of arms or other-wise, which is a considerable assumption, it

I MONEYl without the notes the potatoes travel to thedump.

Money must be issued as goods are issued;side by side with our capacity to produce

By the Very Reverend goods yvemust exercise our capacity tt;>pro-duce tickets. No longer must quanuty of

HEWLETT JOHNSON goo?-s be restric~ed to quantity of mon<:y. < 'avaIlable, deflectmg producers from their

D~D., B.Se., A.M;Inst.C.E. proper job of production, and forcing them,Dean of Canterbury as to-day to restrict or to' destroy it,

Money, also, must reach the pockets of,":ould cle~rly confer up~m those countries \ REAL wealth makes poverty superfluous. the consumir:g public. Lack of vend!b~~tyeither having or controllin~ large st?cks of I Physically we are rich; financially poor. of goods spnngs from lack of spendibilitymo~etary gold, a?-. economic power m pro- We are hypnotised by talk of scarcity. If, on the part ?f those who need them.. N<?tportlO~ to ~he vyil~ngness of. the world to in. the war, remainder of the population over-production, but. under-consumption, ISaccept It. Smce It IS.not estab,lished thatgo~d could dothe, and house us all, when the our problem. We' suffer from unempaymentholdmgs are a finanCIal reflection of economic manhood of the nation withdrawn from rather than unemployment. The moneyan~ military power, the political stresses production, was even ~ngaged in mass ~trea~ lags behind the price s.trea~. Thatwhich ','I'ould ·be set up as, in ~act, th~y are destruction, there is physically no reason IS ObVIOUSfact .. or:he ~eason IS discovered,now bemg. set up by the reaction agamst a why anyone, in days of peace, should want In a nutshell It IS t~s:-.system which does not reflect ~ac~s, would -especially as productive power has' We try ~o get back in pnces all the ~ostssooner or later, and p~obably wIthin.a very increased immeasurably since 1918. ?f p.roductIon, and the mox:ey strearr:, IS.SU-short term. of years, bnng about a social and Finance fools us when it bids us econo- mg in the course of production-s-and Issumgpolitical upheaval. mise. Finance, which is the instrument of .in no other way-is inadequate to the task

G ld H It U distribution no longer enables A-say the Consider - to try and make the positiono as s ses ' , ..S· ld h d fi . . h Canadian farmer-who makes what B-'-say more clear by an illustration-s-what happensmce go as a e nite use In t e . ..' , f . 'f h h '_, du . 1 d . h' . _ the Lancashire cotton operatIve-wants, and ~n a motor car actorv. or w at appens

In ustna ruts, an IS, on t e average, expen h B k 1 h her' III one factory happens m allsive to mine and recover, it is quite probable wants w at rna e~, to supp y ea,c ot er s .. .that as an article of commerce it will retain x:eed~. Its money.tlckets are lackmg. We What Happens In a Factorya fairly high price under any monetary hve m a .v~ry foolish ,world. , '. A moto! car factory gen~rates three thingssystem, although probably much below that :What railway company w~uld. perrr:lt a -cars, pnces, and purchasmg power. ,at present ruling. There is no reason to rnkvate bfirm, not onlyI thOpnnt ItS r~way Price tickets issue, for every car has a priceassume that the production of synthetic gold .' tIC ets, ut t~ contro t em, corner t em, attached.is beyond the capacity of the chemist or and to traffic III them as well? Purchasing power issues, in the form ofphysicist, and. there are many substances Fountain-pen Money wages, salaries and dividends; and it is issuedwhich have the resistll;nce t~ co~rosion and Our foIl resembles that. Our mone practica~y in no other w~Y·. .other valuable propertIes which m the past . k Y . t db' t fi Fo n- Now, If all the money Issued IS to be ade-. - tIC ets are pnn e y pnva e rms. u - . . . dhave appeared to invest the so-called . tl takas quate to purchase all the cars that are Issue ,. . ... tam-pen money, as cos ess 0 m e h hI" d h"precious metals" WIth almost mystIc virtues . '1 . k t t . tId trove t en t e tota pnces must not excee t e

. . '~aI way tIC e s ~e 0 pnn. nee. no p total mone issued.Final Struggle at Hand It. The Macmillan Report on Finance and Wh "t y 1 t t k t th

bl Oat 1 em, e us nex as, mus eseWhile the long-term trend of the relation- Industry saves me that trou e. ur money . . 1 d ?. 11 d ffi k d . d d b pnces Inc u e .Ship of gold to the modern monetary system IS contro e , tra c e In, an cornere y Obvi 1 11 h t II. . . k < VlOUSy, ate money paymen s, ais not difficult to apprehend, its immediate the propnetors of pr~vate ban s. dul the wages salaries and dividends distributed,future is, of course, less easy to predict. We need not. blame the banks un y. But the 'wages, salaries, and dividends formShould, as seems probable, France be unable They . do their w?rk of accountan~y the only source of the purchasing power.to maintain her present attitude in the extremely well; t?er~ IS no reason why their Hence, if any other items are included inmatter, the remainder of the Gold Bloc would staff should receive m the fut~e a penn

ldy price the total money stream cannot equal

be placed in an impossible position, and less than now, but e.very reason I?- ~he wor. the total goods stream. 'would, no doubt, take such measures to yvhy th~ power which has unyvIttm~ly slid But other items are .bound to be charged.pJ;'otectits trade and c?mmerce as the circum- mto thel~ ~ands, must be regamed or. t~~. Machinery wears out and buildings decay.stances appeared to dictate. commumty, .every reason why we ~hou Certain sums must be set aside for deprecia-

All that can be said with any confidence in create our own ~oney and control It, the tion. These sums must be charged on theregard to this aspect of the matter is that the banks merely actmg ~s ou~ agents"

dith prices. And when obtained they are not

fj.nal, struggles of the gol~ standard. sys.tem Money needs creatlllg SIde bfY SI e WI I spent; they are only put aside for future use.

are likely to be accompanied by oscillations goods. When I grow a ton 0 pota~oes,in world trade at least as violent as' those of· do not grow a wad of .notes beSIde It, but Shortage and Glut .which we have had experience. (Continued in next column) The price stream begins then to flow

. . . . __-'-.; .qleticker wan, themoney .stream. ,Hexic~ ~e:. . , shortage of purchasmg power, the curtailing

2·oth CE" NTURY For New Readers of pr?duction, an~ the glut. .' ..•.. . TIllS shortage IS at present made up lTI:

. three ways, or the whole industrial machinewould stop. It is made up, if prices can bedestroyed, by: waste, bankruptcies, or war. It.is made up If some of the goods, unsaleablehere though needed, are sent into fresh mar-kets to bring new money home. It is madeup if new works are laid down to make morecars. ,~

For the wages and salaries paid out tothose who build and furnish the new worksgo into the pockets of the' consumers beforethe cars appear. It is new money borrowedfrom the next cycle of operations, andmoney which at 'length must be charged onto the next cycle of sales, It is borrowingfrom a second cycle to pay for this one: itheaps' up increasing troubles for the future ..This theory accounts for the patent facts ofglut. .I shall pass on in my next article to the

remedy.This is the second of three articles under

the general title of "Money, Righteousnessand Commonsense" by the Dean of Canter-bury, The first appeared in our issue ofSeptember 13, and the third will follow nextweek.

TRAGEDYDR. SCHACHT, Germany's financialdictator, has been saying that the Ger-

man people must be told again and againthat "they do not live in a land flowing withmilk and honey."

Apparently it make's very little differenceto people whether they live in a.land of milkand honey or not, This country has beenflowing with milk lately-referred to as "anunwanted deluge't=-and .we have a MilkBoard to stem the flood.

Nevertheless, says a well-known writer oneconomics in one of the London dailies, "itis only fair to mention that Germany's totalof unemployment has gone down,"

Why, one wonders, were there any unem-ployed at all in a land which did not flowwith milk and honey? Why were not theirservices gladly utilised in increasing thesupplies of those commodities of which thereis alleged to be a shortage? .

"There undoubtedly has been some genuineimprovement," continues the article, "but itis almost impossible to say how large it hasbeen . . . The clearest indication of thestandard of living of the German worker is

. shown by this fact: although more men areai: work and working longer hours thanwhen Hitler came into power, fewer goods arebeing sold in the shops now than two years

. ago."

Why Not Treadmills?So the nature of the improvement is an

increase of toil and a decrease in the abilityto buy the fruits of toil; more work .with lessresult'! If work is to be the aim and objectof industry, then the best and quickest wayto provide it would surely be to erect largetreadmills in every parish and establishcamps where the people might go and pickoakum.

The writer does concede that Nazi eco-nomics have not brought very much im-provement to the German working man, andthen proceeds to explain the reason why, inhis opinion, it has failed to do so. Germanyhas been going in for public works on a largescale and this takes men 'away from the pro-duction of goods for consumption and putsthem on to making capital goods; that is tosay if more is spent on national developmentthan the savings available for the purpose,

But surely the public works were institutedfOI the express purpose of providing work forthe unemployed, that is to say for those whowere not making goods for consumption!

It has been said that the British have 'notlogical minds and there would seem to be agreat deal of truth in this assertion, but itmight equally well be said' of the Germans,French, Italians and most other people. It isa very disquieting. thought, for surely it isreason that distinguishes us from the beasts,and if we relinquish reason presently we shallfind ourselves behaving like wild beasts.

Worse than Wild BeastsBut even wild beasts do not fight for

possession of something which is so plentifulthat all can have enough-or trample on theirfood and push it into the water and thenroar and bellow because they are hungry. Itis not a pleasant thought that we have be-come more foolish than the beasts of thefield. If we have lost instinct and ceased tobe guided by reason, what will become ofus? - ,

The sinister array of machine-guns, tanksand bombers stand waiting and they seem tosay-repent for the Kingdom of Hell is athand. The time is coming when your wheatwill be denatured for you by poison gas andvou will have no need of Milk Boards andPig Boards, for your blackened fields willscarcely yield enough to keep man or beastalive, The time is coming when there willbe work for. all in digging the ground, innursing the sick and wounded, burying thedead and caring for the insane. If you donot use your God-given reason to provide forall from the abundance available, realscarcity will. take the place of the artificialscarcity which is an insult. to God.

\Ve. are not faced with a choice betweenstaying where we are or going forward intothe new Power Age, but of going backwardsinto the Dark Ages or forward to freedomand leisure, It is not quite too late forBritain to choose the way that leads to theland flowing with milk and honey.

D. BEAMISH,

"Better Money"Among monthly publications an interest-

ing newcomer is Better Money, published inKarachi, India, and described as "A monthlybulletin of monetary reform by way of theremonetisation of silver and a fuller use 0;[National Credit."

While Social Crediters are committed toa more fundamental 'conception of economicsecurity than can ever be obtained by theincreased use of silver or any other form ofcurrency, as long as it is introduced onlyat the production end, there is much ofinterest in the first five issues of this journal,and Major Douglas is referred to apprecia-tively more than once,

In speech before the Municipal Corpora-tion of Karachi recently, Sir Montagu Webbproposed that an immediate start be madein the utilisation of National Credit by theissue of "service notes" for the building ofthe urgently-needed Indus waterworks. Itneed not be a long step from 'this attitudeto Social Credit, and an appreciation of thealmost incalculable benefits it would conferon the millions of Indians who live per-petually on each side of the hung.er line.

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44 SOCIAL' CREDIT

Overseas Notes

SEPI'EMBER 20, 1935

the Papers?that Social Credit, in Alberta "may containthe germ of a great idea"; and the OttawaCitizen, which is, of course, famous as theleading daily paper throughout the world infull agreement with Douglas principles.

A Question of TacticsTwo weeks ago I discussed the question of

w?ether the policy of the Money Monopolywith regard to Douglas and Aberhart wouldbe to identify or to separate them. Mylatest information suggests very strongly thatthe policy now agreed on will be to linktheir names in the press as heretofore, but toplace every conceivable obstacle in the wayof their personal collaboration. If this coursewere successful, and a "panic" could then 'beinduced such as I described above, the waywould be clear for that "rescue" scheme by ,means of banking committees which I men-tioned last week, to be applied on the samegeneral principles as Newfoundland, whichhas been reduced during the last three yearsfrom the status of a self-governing dominionto economic and political dictatorship by anAnglo-Canadian Commission. Newfound-land is rich, but in the wrong way; she is richin goods and services, but poor in papermoney-tickets to claim them, and can any-one doubt that in such circumstances it isthe sacred duty of her citizens to starve?

Two Items and an OddmentThe British press reports about Nberta are

dealt with elsewhere in this paper, but Ishould like in passing to note one comment,two news items, and an oddment, which havesomehow fought their way to the surfacethrough the welter of cuttings which flood An Indian Paper on Social Creditmy desk and most of the room. The com- The June-July issue of Better Moneyment is from the Catholic Herald: "The (Karachi) contains an interesting survey ofcomments on Social Credit, particularly when "The Douglas Theories: and Where theythey come from the financial editor, reveal Lead," including a discussion of the Albertaa good deal of satisfaction that the first trial Interim Report. While going a considerableof Social Credit is to be made under circum- way with Social Credit, the article takes thestances likely to bring it into ridicule and at line that "trade is ordinarily a friendly busi-the same time strangle it early ..... but ness of selling or buying goods, services, orunderlying thi~ is a certain nervousness lest rights, in the carrying out of which boththe very fact of an experiment bein~ made buyer and seller benefit," and does not acceptby elected legislators in the province of the A plus B Theorem 'or the fact of forcedmonetary and credit control, hitherto treated sales which underlies the Social Credit diag-as 'outside, politics,' may help to loosen the nosis of modern war. The writer's solutionhold that a small group of professional is an expanded silver issue, combined withm.o~-¥~,~5tiHb~i¥>t Q"lv;.;.u . _..,.,' ,. ',. ,~ ,'/ 1:',.,; g:.~t~ationlll...Cmdit,h_y-.th.eissu(!:.oLtary policy, but also upon fuePublic mind. self-cancelling State Service Notes for theSuch an event can scarcely fail to 'put ideas' construction of, reproductive public works."into people's heads elsewhere." The news He takes the view that these reforms woulditems, from the Daily Telegraph of Septern- break the monopoly of credit issue. Butber ~ and September IO: "l'1any former Social Credit :proposes more than thisjjt pro-promment members of the Umted Farmers' poses the dehvery of gOOdsand services as,Party have joined the Social Credit Party when, and,where required, which is economicsince the latter secured their sweeping democracy.majority" (they were warned, however, that * * *"death-bed repentances" were suspect.) . . . Corners to be Turned in Kenya"Mr. Aberhart declared to-day that the new Kenya is having its troubles and the Con-Cabinet's inquiry into Alberta's financial vention of Associations which met in Nairohipos~tion has ~evealed that the defea~ed last week debated, and was not satisfied by, aUnited Farmers Government had been usmg letter sent to the Chairman of the Conven-s~ving~,certificates deposits for cur~ent ex:een~ tion bySir Joseph Byrne, the Governor. Inditure. The oddment: The Dally Mat! of his letter, he stated (according to The Times'~epte~ber 5 ran a doubl~-column h.ea~n&,: report) that he was anxious t? help in everyMen m Jerseys .at a Cabinet Swearn~g-m. way, but that "budgetary stability" was a pre-

Would anyone fall to conclude from this that requisite of recovery for the farmer, drivenmembers of the Cabinet were referred to? 'Later on, however, it becomes clear (for thosewho read as far) that "rough-looking men injerseys were among the spectators, some ofwhom sported, a little white button, theemblem of the Social Credit League." Nodoubt the rough fellows were under the curi-ous impression that they might come and-see the government they had voted for swornin, even if they had been so ill-bred' as towaste the money for top-hats on buyingbread and butter instead. The cads!

What's •InTHE pretty little. paper game played with

Alberta bond prices during the daysfollowing the provincial election, and thedark. hints in the press about a "flight ofcapital" from the province, may both betaken as constituting what the French call aballon d'essai, a feeler put out to test thepopular reaction to financial heresy. Theyare the opening shots in a campaign whichis designed ultimately to bring about afinancial panic in Alberta, and which will bedeveloped in proportion as the Aberhartgovernment shows signs of abandoning theorthodox loan system in practice as well asin intention.

So far, of course, there has been no needfor Finance to unmask its heavy batteries."When the Alberta Social Credit, govern-ment takes over administration of Alberta,"said a Canadian Press despatch of September2, "its first job will be to raise ten to twelvemillion dollars in the good old-fashionedway." (Notice the adjectives.) Canadianeditorial comment in general shows, asmight be expected, almost unanimous agree-ment that whether the Social Credit govern-ment consists of fools, knaves, or dreamers,it is "for it" before many months are past.

Two Lovely Black EyesThe Victoria Colonist says that however

long Aberhart is in power he will never paythe monthly,. dividend. " The Edmonton.Journal and the Calgary Herald are as digri.ic

fied as it is possible to be at short notice witha couJ;>leof beautiful black eyes apiece. TheWinmpeg Free Press continues to be franklyvicious, Its issue of August 23 carrying astory headed "Hobo asks quickest way toAlberta as election results are announced,"and describing the "gusts of incredulouslaughter" that shook the crowds outside theFree Press office' as the sweeping majoritieswere given out. The same paper, a few dayslater, records a calculation made at Calgarythat women voters had been "chiefly respon-sible for the Aberhart landslide," and adds,"the implications of the statement are tooalarming to be accepted without demur."The implications are, on the contrary, extra-ordinanly encouraging. If women oncewake up to the ways in 'which their lives havebeen and ,ar~ b_eing_tp.a.cl.~ ~ ~_i.~~~yt9,-!P._~~,through quite unnecessary-lack of purchas-ing power, and learn to demand resultsthrough the medium of their Members ofParliament, then our job is as good as done.As for that hobo, he's crazy; he wantsenough to eat.

Lofty Ea~tern CommentThe Quebec and Ontario papers are for

the most part' contemptuous and a littlelofty, being two thousand miles from theplague area. "Alberta votes for trouble,"says a Toronto Globe headline. Mr.Aberhart is "an impractical dreamer withsome' of the characteristics of a dictator,"intones the Telegram. The MontrealGazette reflects that "however painful it willbe for the people of Alberta, it will meanthe exposure of the social credit theory andits abandonment once for all." The Star,on 'the other hand, chooses' the occasion foran appeal to the citizens of Canada to savethemselves from the peril of "printing-press

MORE VOLUNTEERSWANTED

THE great increase in the work of, the Secretariat since the Alberta

victory has thrown an almost unbear-able strain on the staff, which must beaugmented.

Funds are the first necessity, butmore volunteers for work, especiallythose with secretarial qualifications,would be greatly appreciated.

L. D. BYRNE,Director of Organisation.

Social Credit Secretariat, 163A Strand,London, W.C.2.

money" by uniting in support of a NationalGovernment. I should add, for the benefitof those who are not especially interested infollowing Canadian federal politics, that the"coalition government" idea was first openlymooted some months ago in Toronto, andwas backed by a group of financiers and.business men, but received little encourage-ment from the Liberals and has since beendormant but probably not moribund. Per-haps another ballon d'essai? A big mone-tary reform minority in the coming federalelections might well revive it with suspicioussuddenness,

The other side of the picture is representedby such papers as the, Vancouver Sun, withan editorial headed "Money's Might isEnded"; the Toronto Star, which 1 considers

* * *Outspoken Support for Coughlin

I have been reading with very great in-terest the booklet containing the series oflectures on social justice, broadcast by FatherCoughlin, over a national network, betweenNovember, 1934, and March, 1935. OnArmistice Day of last year he inaugurated

'his National Union for Social Justice (seeSOCIALCREDITfor April 5 and May 17), anorganisation which claims many millionmembers, and exists to bJing pressure onCongress by means analogous to ourElectoral Campaign. The Union's sixteen-point programme contains clauses whichSocial Crediters might criticise as irrelevantor redundant, but in his method of exposingto the gaze of millions of Americans themethods and intrigues of the money power,and of demanding results from Congress,Father Coughlin is clearly a man of thehighest interest and importance to all mone-tary reformers. In view of this, it is worthquoting from a broadcast by BishopGallagher; of Detroit, Father Coughlin's im-mediate superior, who has consistentlybacked him with his full approval through-out his campaign. "I know the issue atstake, "said Bishop Gallagher, as reported in

the Alberta Social Credit Chronicle. "I knowthe power that, in the past; won this battlefor the banking interests. It is a power thatto-day gladly would endow, if it could, amajority of the members of this Congresswith five million dollars each to keep thecontrol of money and the allotment of creditin private hands. Nor would these moneylords and robber barons stop with the defile-ment of the majesty of the State, but willingly

'would they go into the very ranks of theclergy, into the sanctuary of the church, thereto find anew a Judas willing to sell his soulfor thirty pieces of silver."

* * *New Z~~land Clerics Want ResultsThe Anglican clergy of New Zealand are

not backward in the crusade against themoney power which bids fair to unite all thechurches. A recent manifesto, says the NewEra, was issued by ten clergy in the Auck-land diocese, calling attention to the urgentneed for a constructive programme to dealwith the scandal of poverty amidst plenty.The manifesto was criticised on the groundthat it did not put forward constructive pro,posals of its own, but the signatories replied,"This country pays its Cabinet Ministers,Members of Parliament, economists, andfinancial experts to attend, to these matters,and it has a right to demand that they dotheir job efficiently or else make way forothers." They conclude, "Our, critic suggeststhat we call upon Christian people to for-mulate practical schemes of their own andlay them before those in authority. To ourcertain knowledge this has been done byseveral organisations and by fully qualifiedcitizens of this country, but we have notnoticed any anxiety on the. part of those inauthority to give them a trial or even, appar-ently, a fair hearing," ,

* * ,*

TRIPE fROM ''TRUTH''Social Credit in 'Alb~rta

The success of Mr. Aberhart's Social CreditParty in the Province of Alberta is a ratherdepressing revelation of the folly and credulity ofan uninstructed electorate. It is a success of gross,open, palpable political quackery. Mr. Aberhart'sscheme is based on the well-known Douglas SocialCredit Scheme, but is even more grotesquelyfallacious-indeed, when Major' Douglas wasinvited to Alberta, he condemned it as whollyimpracticable, though he offered to help in 'evolv-ing another plan suitable for the province, Undis-mayed by that judgment of the original discovererof the social credit illusion, Mr. Aberhart con-tinued his campaign, preaching his version of the,Douglas gospel with the fervour of a religiousrevivalist in nightly broadcasts, running a propa-ganda newspaper and employing a large staff oftravelling speakers. The simple-minded farmersof Alberta came to regard him as an almostdivinely inspired leader, swallowed what he toldthem, put, up funds for the fighting of seats atthe general election last week, and returned amajority of his candidates, pledged to the policyof Social Credit,

The outstanding idea of the scheme is thecreation of a central credit bank which, amongother benefits, will grant farmers "productive loanswithout interest." Still, as, the operations of thebank are to be based on the natural resources ofthe province, the profits-so the intelligent electorshave been persuaded-will suffice from the startto provide a dividend of $25 a .month for everyresident over twenty-one. The whole thing issheer, unmitigated nonsense, and there can be butone financial disastrous end to the experiment ofa Social Credit Government in this Canadianprovince.-','Truth," August 28, 1935.

With "Truth" as its name, this formerlyrespected journal must be unusually irres-ponsible to publish such untruthful rubbish.

(Continued from previous column).almost to despair as he was by the fall inprices and the load of debt. "Only by main-taining stability and the Colony'S credit couldthe Government develop the country'sresources." After reminding the Conven-tion that the Imperial Government had defi-nitely decided that the Colony should not bepermitted to "iamJ;>er"with the currency, heexpressed his opimon that continued discus-sion might tend to frighten capital from theColony.

What this means in plain English is thatthe Kenya farmer, who is bankrupt, musttherefore pay an income tax out of his lossesin order, to become less bankrupt; that acolony rich in all natural resources, and in-habited by the best tYPr of British settlermust on no account be allowed to consumeits own wealth, and that even to suggest thatanything was, wrong would p~obably inal.<.ematters worse! To such lunatic strarts doesfinance dft'¥e"·-i'tS-'uneonstiotis~:"servant'S;' ';'A" ,.knowledge both of Social Credit principlesand of Electoral Campaign methods is nowwell established in Kenya, though quiterecently. Have Lord Francis Scott and theSettlers' Association yet heard of the onlypossible way out of their troubles?

JD.B.

Invisible ExportsOn September 18, 1931, The Times quoted

Lord Peel speaking for the Government inthe House of Lords on September ,17, whosaid that in 1930 the excess of imports was£392,000,000 and the invisible exports were£431,000,000, leaving a balance of only£39,000,000. For the present year the picturewas worse, and, he was .informed, there wouldbe a debit balance.

ACTIVE SERVICEby M. JACKLIN' .

From Scotland, comes news that two pros-pective Labour candidates have signed theelector's undertaking. One, stout fellow, hassigned without qualification. This meansthat he is prepared to demand, before allelse, a National Dividend, without increasedtaxation or prices and without deprivingproperty owners or decreasing propertyvalues. The other signatory has carefullystruck out this section of the :pledge and alsothe undertaking 'to vote consistently againstany party which puts other legislation beforethe abolition of poverty and the issue ofdividends.

The first pledge is worth having, and weventure to forecast will prove to have beenworth giving when the election takes place.The second pledge is worthless. The signa-tory is convinced, obviously, that the nghtway to cure poverty is by taking from thosewho have and giving to those who have not.Evidently he does not realise that there isplenty for all. The campaign workers in hisconstituency will be responsible for convinc-ing him that if he wishes to secure electionhe must bring his ideas up to date. He'smanual-labour-minded in a power-age!

Leicester "Shows a Leg"Leicester campaigners are concentrating on

getting recruits before settling down to thework of canvassing. Open-air meetings inthe Market Place are proving most hell?ful.A London reader who was there on holidayrecently had the satisfaction of seeing seven

new workers sign on at a meeting at whichhe spoke.

What are you doing to help during yourholiday?

London (Paddington) Presses OnThe Supervisor reports that despite the

depletion of her team owing to holidays, andthe transfer of some workers to open thecampaign in a constituency nearer theirhomes, the canvass continues to make slowbut steady progress. Signatures are beingobtained at a rate of one in five minutes, andgiven additional workers there is no doubtthat sufficient pledges can be secured toexert pressure at the election.

This Group has done most valuable workin training canvassers, some of whom arenow starting the campaign in Fulham,

Sheffield Carries OnIn common with many other areas, the

Supervisor reports that the holiday seasonhas slowed up. the campaign. But it stillgoes on, and ere long will be in full swingagain. .~ere, as everywhere else, the need isfor additional workers.

The Shetland Islanders Are NotWoolly-Minded

The Shetlands are noted for their wool, butthe people are not woolly-minded; they are'beginning to demand what they want insteadof being content to vote for what others wantthem to have. The Campaign is under way,and despite the great difficulties presented tocanvassers by so scattered a community, thefirst hundred pledges have been collected byone worker! But why only one?

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SEPTEMBER 20, 1935 SOCIAL CREDIT 45

ROAD SENSE &NONSENSE I Dean"rush hour" means nothing but the arbitraryfinish of the day's toil and the releasing of theworkers for the night. We learn from astudy of the new economics that production

By John F. Lessels is four times as much as consumption., .. Naturally, the production worker having

LONG years ago, after spendmg tw~ ~In- worked four times longer than necessary isters in collecting "valuable S~atlS~ICS"always in a hurry home between five and six,

(nearly all lies) that are now embodied In a and it's hard lines that he should be killedstandard work of reference, and have been , before his tea.quoted scores of times, I came to the con-clusion that the record of deaths was aboutthe only one to be relied on; and in that caseonly the Registr~r General's figures were. tobe accepted, With me nearly everythingelse statistical is suspect.

The first thing that jumps to my mind inregarding the analysis of reports of recentfafal road accidents is the inordinate waste ofhuman exertion in its compilation and theutter uselessness of the information once ithas been laboriously compiled.

A Short Survey ofAccident Statistics

Policemen Must Be PsychologistsHow meticulously accurate some of the

details are. "Of cyclists killed. at night,twenty-five had reflectors and white patcheson their cycles, three had reflectors but nowhite patches, and three had neither reflec-tors nor white patches." Rather a reflectionon the reflector caution, by the way.

In the "Ages of Pedestrians" section thetable states that at nine years of age twenty-two were killed, while at ten the deaths werefive; at eleven, however, ten was the number.Therefore, it is four and a half times safer fora child of ten to be on the road than for oneof nine, while, curiously enough, one who iseleven runs twice the risk of being killed thathe did before his birthday. Schoolteachers"and parents please note.

Safe for CentenariansIn the elderly persons class, ninety-nine be-

tween sixty-five and seventy were killed, butonly fifty-four whose ages were eighty orover, a clear proof that the roads are safe forcentenarians. 'It is disappointing that thefigures of the accidents to red-haired womenand bald-headed men are not available, whilethe left-handed! and the wearers of spats areignored. Given a free hand with a report of·this nature, I could introduce out-of-the-wayitems such as "Comparatively few pigeons arerun over in Ludgate Hill, while motoraccidents in Middlesex Street are fewest onSundays (see chart)."

But humour is not in keeping with thetragic story. Beyond a doubt the deathsand disablements are appalling, and suchpuerilities as I have satirised are unworthy ofserious thought. How unwilling men are toget right back to root causes, and then to takedrastic measures in accordance with thebroad facts that stare us in the face. ' Forexample, more and more vehicles are goingon the road. There can be no going back toslower days. We must adapt ourselves or wewill be annihilated. Better roads, widerroads, probably double roads are imperative,but 'as we are constantly saying, the techniqueis for the experts; we know, however, theresults we want An alarming percentage ofaccidents are caused by children or elderlypedestrians and it would seem that subways,escalators or special paths are needed.

Why Not Safety First?Well then, why aren't these things done,

and done promptly? The answer is that themoney cannot be got to carry through thework. And why cannot the money be got?One minute please.

If we look into the mechanical causes ofaccidents, we find bad road surfaces, badtyres, bad brakes, inattention to necessaryreplacements, faulty lighting equipment, etc.

,Although there are accidents where thecars are in magnificent condition and thereare owners and drivers who are decidedlycareless, the great bulk of bad driving andbreakdowns is directly traceable to economy.And economy invariably means a lack ofmoney.

The obvious is always inartistic and theTimes, in giving the Most Dangerous Hourbig headlines is typically dull. Between fiveand six has the worst record. Now, if youwere asked at what hour a restaurant wouldbe busiest with lunches you wouldn't surpriseanyone if you said between one and two. Tofollow up this comparison, the cafe run onbusiness lines has the maximum accommoda-tion for that busy hour. But in crowdedthoroughfares widening roads is .rather aproblem. A lot has been done by the one-way route, but it would appear that decen-tralisation would be the best way to meetover-crowding. And what is centralisationbut an unnecessary herding together ofthousands in frantic production, and the

People Hate Rush HoursThe principle of Social Credit is not put

forward as a panacea for all ills; but it is,nevertheless, surprising how its applicationwould affect for the better all social services.For when men were economically free, it isunthinkable that they would endanger theirown and other lives with worn-out crockswhen funds could run to reliable cars, It isalso improbable that, freed from useless toiland unnecessary regimentation, they wouldvoluntarily crowd in huddled, hurried,harassed millions in a rush for food at oneand the same hour to an already over-crowded spot. '

But more spaciousness of roads denotes abroader outlook on life generally. We comeback to the question: Why cannot themoney be got to widen roads, to make new,better and safer roads for our people? Theanswer is that in this matter as in most othersof a like nature, we are completely at themercy of the banks. A nation that spent,and can again spend hundreds of millions ondestruction of wealth by war, could easilyfind the money for the construction of realwealth, like roads.

of Canterbury'sCampaign to

r , ABOLISHPOVERTY

THE Dean of Canterbury, just before neleft England, launched a campaign to

abolish poverty and secure the issue ofNationa:l Dividends.

The campaign is to achieve an objectiveprecisely similar to our Electoral Campaign,and is put forward by the Dean with theobject of permitting any organisation in thiscountry to participate which does not wishto be connected with the advocacy of anytechnical proposals, whatever.

In fact it IS a condition of participationthat no such proposals shall be advocatedin connection with it. A copy of the formletter and undertaking authorised by theDean of Canterbury has been sent to everyElectoral Campaign Supervisor.

The Director of the Electoral Campaign isadvised that possibly quicker progresstoward our immediate common objectivecan be secured if the Dean's Campaign isworked instead of, or additionally to, theSecretariat's. It is also believed by somethat we should recruit more helpers underthe Dean's Campaign.

He therefore recommends that, no matterwhat opinions to the contrary may be held,it should be tried everywhere side by sidewith the Secretariat's Electoral Campaign,and all comparative results in various dis-tricts and circumstances detailed to him.

If, by practical trial, it is proved advisableto do sa, the Secretariat will probably be oneof the very many organisations to push theDean's Campaign throughout the country.

It is the Dean's intention that workers of

TOPSY--TURVY:IN stating that no work would be done on

a National Dividend of £70 a year foreveryone (in addition to wages and any otherform of income), people fail to realise thatif no work were done there would be nodividend. In fact, they are turning SocialCredit upside-down before deciding againstit! This is really rather funny, if you cometo think of it, so I hope my very bad sketchesmay amuse. They illustrate quite the usualmethod of concluding .that Social, CI;e<Ut~would not work.

Instead of criticising first, and (not) learn-ing afterwards, it is better to learn first--I

The work of men, science, and machinesis pouring into the British Work ResultsTank at such a pace that the tank is indanger of bursting. There are nasty warbulges and some ugly communist bulges nearthe bottom.

The safety outlets, wages, etc., which shouldkeep the contents at a reasonable level andpressure, are too small for their job. Soalong comes the engineer, Major Douglas,and soon drills, additional and better-placedsafety holes-the National Dividend outlets.

Now why should people say no work willbe dop.e on a large National Dividend? Lookat -the illustration and see that the largestNational Dividend comes out only when theWork Results Tank is dangerously full -'when too much work is being done. Whenthe correct amount of work is done, and thelevel of the tank contents is just right,medium National Dividends emerge. If thelevel of work falls lower, the upper outlets no,longer function, and only the one hole Ihas an overflow of smaller NationalDividends.

Note that those who are not working willbe the first to feel the smallness of the Divi-dend, for the others will have their wages asusual. But the others will be annoyed thatthe Dividend is not better, and the lazy oneswill soon start work again rather than goshort on a small Dividend, and suffer in addi-tion the scowls of all who like a large one.

Yes, you get Social Credit the wrong wayround In thinking no work will be done.The work comes first, and National Dividendsare only the overflo~ from previous work.The people automatically adjust next half-year's Dividend by this half-year's work, andwill see to it that there are not too manyslackers.

Are there likely to be? We could do withthree million slackers out of those personswho are now working or asking for work,and never even miss them I And I don't

THE POOR TInNG CAN'T EVEN WALK I HOW

COULD IT EVER FLY?

A few facts and fallacies aboutWork and a National Dividend

suppose for a moment there are ali many asone million. Even those would soon tire ofslacking, and would use some of their Divi-dend for some interesting occupation, buyingtools and materials to work for themselves;owing to the lack of money they cannot dothat now, though we say work is man'sbirthright.

Social Credit would begin slowly, to giveus time to adjust ourselves to better con-ditiens, and to, ~nd out how- many workersare needed in, every kind of job. When fullSocial Credit is achieved it will give almostautomatic indication of what is required ofthe workers.

W. WILLOUGHBY-PlUCE.

AN UMBRELLA COULD NOT POSSmLY WORK,BECAUSE WHEN IT GOT FULL OF RAIN IT

WOULD BE TOO HEAVY TO HOLD up! !

- --.a '<A HORSE COULD NOT PULL A CART EMPTY!

-,

,vo<il> --

,WE KNOW THE MOON IS A HOLLOW SHAM (?)

each movement shall remain attached to theheadquarters of their own organisation,which will be kept fully and regularly postedfrom his headquarters at Abbey House,Westminster.

This campaign of the Dean's may wellprove helpful to Lone Wolves, and to newgrouJ.>sjust starting, and to those who areworking in neighbourhoods where peopleare well above the poverty line.

Sample copies of the Dean's letter areobtainable from this office if a stampedaddressed envelope is enclosed, and it will besupplied in bulk at 6s. 6d. a thousand (or'Is.a hundred), carriage paid, packing free,delivered to any address in the UnitedKingdom.

At any time now it is expected that theidea of Demanding Results will catch holdof the public and sweep the constituencieslike a prairie fire. It will be interesting tosee whether the Electoral Campaigninitiated by the Social Credit Movement, orthe new campaign sponsored by the Dean ofCanterbury will be the one to achieve suc-cess. It will matter little in the final result,but we should be sorry to see the SocialCredit Movement, as such, lose itssupremacy.

NATIONAL f~DIVIDENOOVTLETS

a l>'V'fENO1\)\ OIJTl..t=T

THE WORK RESULTS TANK, SHOWING HOWNATIONAL DIVIDENDS PROVIDE SAFETY

OUTLETS.

~~:> ""':>O~~~.

A WINE-GLASS WON'T HOLD WATER. HOW

COULD IT HOLD WINE?

HOW COULD IT PULL IT FULL?

,",,

\

I

II

1 ~BECAUSE WE HAVE SEEN IT SIDEWAYS! I?

(I DON'T TffiNK!)

Page 6: I. :,.,0000cial Organ '.'.of. Secretariat :' ,:,: ':.', ,;;!.:.:',~ w: ' · 2019-09-18 · tive .pnces, _' Sir Sam.uel· Hoare, British Foreign Secretary. THE common suggestion that

SOCIAL CREDIT SEPTEMBER 20, 1935

Uphill WorkBut it has been a different story with Social

Credit. About five years after the Armisticethese ideas made much headway, but the bigpress associations seemed reluctant to men-tion even the name of Major Douglas, andno London newspaper gave publicity toSocial Credit-until Alberta! But in spiteof all this, the ideas gradually began tospread, and since the slump, Social Credithas won millions of converts all over theworld.

Every sort of objection you can imaginehas been levelled against the proposals, andevery serious attack has been completelyanswered by Major Douglas and his growingarmy of Social Crediters.

By far the commonest of the objectionsraised is that it would cause a rise in pricesx-inflation, in fact, Now this a very curiouscriticism because the issuing of the newmoney to us depends upon a fall in prices.

'. And if any further proof is needed, many5 lb. or less sent at the net pnces, plus 6~. for carnage, or FREE TRIAL classes of go~ds actually have been sold b~low

SAMPLES of each sent on receIpt of 6d. for postage. cost to the public during the slump. TheTHE SOCIAL CREDIT SECRETARIAT WILL RECEIVE difference between t~e a~tual cost to

,A SUBSCRIPTION OF 3/- ON EVERY 10 Ib ORDER producers and the selli~g pnces had to be, • met, firstly, out of firms reserves, and, then

or pro rata on smaller or larger orders. To:be marked -Batial-(Jredit -"-~- .. ~ ou ·""1ft""'O'Vetdrafts-from the' banks: And'prices did not rise.

The Proof of the PuddingAnother objection is that there is no

shortage of money in our pockets, and thatwe really can buy all we produce. Well, theproof of the pudding is in the eating, Theproposals begin with calculating the nationalproduction and consumption. So if we reallyare managing to buy that we produce, thesetwo quantities will work out equal, and therewill be no Social Credit to issue to consumers.

Some people say our pound sterling wouldfall heavily on the world's exchanges and weshould be unable to buy anything fromabroad,

Well, it is possible that the gentlemen wholive by manipulating the world's moneyexchanges would try to "hammer" our poundso as to discredit the working of a SocialCredit scheme. But very soon it would bediscovered that our pound would buy moregoods in Great Britain, not less, so there'would be a demand for the pound and thesegentlemen would be "caught short," as thestockbrokers call it.

Then it is said that Social Credit couldnever be' tried unless all nations agreed totry it simultaneously. And Great Britain(we are told) is the last country to risk itbecause we are hopelessly dependent onothers for our food supply.

Obstructive NonsenseAll this is just obstructive nonsense, The

world will never agree, internationally, to tryany scheme at alL Some single countrymust always be the pioneer and prove a newidea successful. Any sovereign power cancreate its own money and put Social Creditinto force at once without waiting for anyoneelse. •

If you remember, the most fantasticobjections were raised to our going off theGold Standard, and these objections camefrom precisely the same interested' source!It was said that the very basis of our nationalprosperity depended upon our clinging togold, But after we had been forced off theGold Standard did any of the doubtful thingshappen? Not a bit of it! The, ropes withwhich finance had trussed us were slackened,and to that extent our sufferings were eased.A fact which the National Government hasclaimed credit for and put' to the fullestpossible use on its posters.

As to our being in danger for our food

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THE LIVELIEST DISCUSSIONON SOCIAL CREDIT

appears weekly in all issues of the

@olber~ @reen~eries-including Golders Green Gazette, Hendon Gazette, HampsteadGazette, Edgware Gazette, Mill Hill Gazette and Burnt Oak Gazette.

Obtained thro ugh all branches ofMessrs. W. H. Smith and Son, Ltd. and

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For 12 months, I enclose lOS. .For 6 months, I enclose 5s.Post this to SOCIAL CREDIT, 163AStrand, London, W.C.2.

What's Wrong With.1 The WorldSocial Credit simply explained by G. W. L. OAT.

The first chapter appeared in our issue of June21. 1935, and succeeding chapters have beenpubli,~,hed in recent issues since.

.{.' .,t ,r CHAPTER X. \'tt'Will It Really Work? '

EVER since the Social Credite pro-posals were first put forward they have

drawn the most enthusiastic support fromsome people and the most bitter oppositionfrom others.

A good many people are naturally 'hostileto them because they cut right across someof their most deeply-rooted beliefs, Alsowhen you try to undermine the biggestvested interests the world has ever known,you must expect trouble.

Finance has never been at all frightened ofSocialism, because Socialism only wishes tochange the administration of the system, andnot the system itself. In fact, it is now quitethe fashion for professors of economics to beSocialists.

supplies, it is the present financial systemwhich prevents us from trying to grow ourown food, Sir Charles Fielding (who wasFood Controller during the War) believes wecould become 100 per cent, self-supporting,

A little while ago the Fen districts offeredto supply all the potatoes we could eat if wemade it worth their while. There is nodifficulty about it but finance.

In any case, we should have no need toproduce allour own food, as we could moreconveniently produce other goods toexchange for the foodstuffs so easily raisedabroad.

The most violent objections of all to SociaCredit are moral ones, Quite a lot of peopleseriously believe that if British working-menreceived National Dividends they wouldbecome demoralised and refuse to do anymore work.

Usually it is the people who are gettingdividends themselves who say this, Theyadmit that they have not been demoralisedbut they think others would be 1

No Work-No DividendWell, to begin with, if we all stopped work,

or even if a good many of us who wereneeded for production stopped work, therewould very soon be no National Dividendbecause production would fall below con-sumption and stay there until work wasresumed.

Also, as you, have probably discovered ifyou happen to have been unemployed, theboredom of being idle for months at a timeis unbelievable, All normal people naturallywant to do something, although as things arenow, work is often more of a trial than apleasure.

At first, very likely, production would goahead at such a pace that nearly all of uswould be employed in industry, But veryquickly our mechanical slaves would increasein numbers, and more and more of us wouldbe set free from what I may call the world's"housekeeping."

,-,_' 'Whllh is a' Curse Not a Curse?Now we must face this matter squarely

Many people believe in the curse of Adamthat man shall live by the sweat of his browfor evermore. But it is utterly untrue thatit does us all good to be tied to the grindstone. That is simply bankers' bluff. Nearlythree-quarters of the good things which theworld possesses have been given to us by menwho were not forced to live by the sweat oftheir brow. ''l>

Under Social Credit, to begin with, at alevents, most of us will be working, but working shorter hours. Later on those of us whoare not needed by industry will be set free(on a comfortable National Dividend) forother activities.

I may mention, too, that the very worstincentive for making men work is the threatof poverty or starvation if they don't, Onlythe poorest sort of work is produced by this.incentive, Just imagine if the Arsenal football team did their work roughly fromeconomic compulsion! What sort of formdo you think they would show in a leaguematch?

The Promised LandOnce the financial barriers have been

removed, the world will gradually organiseitself for more leisure which is really nothingelse but the opportunity for voluntaryactivities. •

Vvars will cease (because there will no,longer be any need to grab markets), povertywill be abolished, and all the miseries andtortures which poverty brings in its train willbe ended Indeed we shall have more timefor curing the troubles which are not due topoverty.

This Britain of ours will become once more'like a loving parent instead of a wicked uncleIt will be Merrie England once again.

Under "sound finance" we are taxedexploited and imposed upon. If workingwe are just cogs in the economic machineIf unemployed, we are mere human surpluspathetically POOf because finance has no usefor us, If comfortably off, we are preyedupon to help to pay the nation's ransom to'the banks.

But under the new system we should allbe shareholders in the flourishing firm ofGreat Britain Limited, from which we shoulddraw safe, and probably increasing, dividends.until the day of our death.

(To be continued s

Page 7: I. :,.,0000cial Organ '.'.of. Secretariat :' ,:,: ':.', ,;;!.:.:',~ w: ' · 2019-09-18 · tive .pnces, _' Sir Sam.uel· Hoare, British Foreign Secretary. THE common suggestion that

SEPTEMBER20, 1935 SOCIAL CREDIT

CORRESPONDENCEThe Isle of Wight Campaign

If your correspondent, writing over theinitials "G,H.," I.O.W., will get into touchwith me I will very soon find a spot of workfor him to do in connection with the Elec-toral Campaign in the Isle of Wight. Bycorrespondence and addressing meetings wehave endeavoured to get into contact withanyone anxious to be of service in this direc-tion, but I certainly do not recognise theinitials of your correspondent. The islandis a scattered area to work, and I would wel-come the opportunity of meeting any manor woman who is anxious to do somethingin serving the Campaign,

STANLEYBURTON,Hon, Sec., West' Wight DouglasSocial Credit Association.

Shirley House, Freshwater, I.O.W,

An American PropagandistIn this country much has been published

urging Social Crediters to write to theirfriends, to the newspapers, and to theircongressmen. But one good bet has beenoverlooked-and therefore I am suggesting-

Nearly everyone has some connection withat least one large business organisation. You

- may have only one share of stock or onebond of an industrial concern. Perhaps you Ihave an insurance policy (fire, life, etc.] or anannuity contract. Or you may belong to aco-operative association or have a checkingor savings account with a bank.

Write them an "alarmist" letter. Statethat the apparent prosperity recovery appearsto you to be due to the governmental out-pouring of credit. How long can it continue?What will happen when it ends? How is itgoing to be repaid? What is wrong with ourpresent methods that we got into this mess?Is it possible that Douglas Social Credit isthe answer? Please investigate before it istoo late.

And-this is important-DON'T FORGETto tell them of your connection or relationto them.

California. BERNARDROWNTREE.

A Happy DecreaseIn the weekly publication calls Eggs-the

official organ of the Scientific PoultryBreeders' Association, read by 30,000 people-for September 4, page 215, appears the firstof a short series of articles, not "explaining"Social Credit (which is how the Editor putsit), but drawing the attention of poultryfarmers to the wonderful possibilities held.for them-and for the world-in the resultsof our campaign for the abolition of poverty,now that science and machines produceenough for everyone.

Your readers may be interested to hear ofthis further proof that each section of thecommunity is interesting itself in the expan-sion of production being met by expandingdemand, in place of the artificially lowdemand resulting in reduced productionwhich seems to be of more interest to theGovernment at the moment. How pleasedthe latter must be to read the following inThe National Farmers' Union Record forSeptember, 1935:- .

This year the Ministry of Agriculture have beenable to include in the preliminary returns thereturns of poultry, which are of great interest sincethey show that the rapid increase in the number

•of fowls, which has been a feature of post-waryears, has been arrested and this year there was adecreace of 5-'t per cent" or 3,200,000 fowls, bring-ing the total to 58,130,00 or below the 1933 totalRingwood, Hants. W. WILLOUGHBy-PRICE.

Banks Are Not ProducersWhy should the more useful of human

enterprises such as textiles, shil?building,coal mining, railways,. engineenng, etc.,receive the lowest rewards while the less use-ful ones flourish? Many of such industriesare in a sad plight while motors, booze, baccyand most luxury trades are booming. Andthe best-off of the lot are the banks, who arenot even producers., Can we blame the banks for the plight ofour older industries? Somebody must createthe banks' wealth, and it certainly isn't thebankers, who merely handle wealth createdby others.

This bankers' confidence trick is like theone that the parasitic old-time seamen'sboarding-house masters used to practise onthe sailors who lodged with them. Afterrobbing Jack of his money the boarding-house master would get him drunk andshanghai him on to an outward-bound sail-ing vessel-for a fee. When Jack "came-to"in mid-ocean he would discover a smallbottle of cheap rum in his seabag. "Goodold Mac, he never forgets a pal," old Jackwould say as he gratefully emptied the bottle.

In much the same way the banks rob thenation and we say, "Good old banks, theenvy of the world!"

The only difference is that the banks don'tgive us a swig of rum.

Whitley Bay.. WlLUAMANDERSON,, - FITS ALL 3-PEG HOLDERS ' . =

£10

9 13 2/ :i111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111 IF.

Blowing the Fog OffThe issue of SOCIALCREDITfor September

6 should blow a good deal of fog off thebrains of various secretaries. And thereiteration of "Demand results" cannot bemade too often. J.D.B.'s article should con-vince such widely separate units of the partyas the Chandos Group and the Green Shirts:

1. That the Secretariat means ACTION,II. That all the intelligence andTearning of the

Social Credit intelligentzia can be mobilised with-out offence to an hierarchy limited in personnel, oralready, petrified into a species of academicism,

Cromwell, a master of social dynamics,remarked: "Must speak to these people intheir own language," and every master ofdynamics has known it. To that end eventhe more argumentative intelligentzia canconduce by ORTHOLOGY, that is, by the

i correct use of words, and the refusal to hidethree bees under one walnut-shell, merelybecause Aristotle had done so.

Orthology implies DISSOCIATION ofideas, and that leads straight to GOODSLOGANS~

The better collaborators to our "journalsof opinion" are, as a matter of fact, furnish-ing 'munitions to the Electoral Campaign,and ought to be encouraged or accelerated.Butchart's "Money," now in press, will finallyblast and annihilate the stuff Morrisonprints in his thoroughly characteristic DailyHerald, to keep the British working manDOWN, at heel, and ready for a new dic-tatorship.

The best thought of the best minds ofEngland, from 1640 to the present, on theroot subject, MONEY, is gathered' intoButchart's 'volume. It is non-doctrinaire andconsists wholly in citations from 170 authors.

Even a Morrison will find it difficult afterthe publication of that work, to go on re-ferring to Social Credit as an "extraordinarymonetary theory."

The public, spoon-fed by hired propa-gandists, has been too long permitted tothink of the unusual sanity in Douglas'sforrnulse, and been made too little to realisethe amount of age-old honest and common-sense on which Douglasism is based.

Age-old common-sense does NOT have tobe licked off an encyclopsedia.

Certain SANITIES have appeared, theyhave DAWNED UPON a considerablenumber of the best thinkers during thecenturies, WITHOUT those thinkers havingborrowed them or received them from oralor written tradition, They are inherent ina comparatively simple subject. And menof sufficient intellect have over and overagain discovered them FOR themselves, eachman for himself, building up thus an im-mense concord, a heritage for mental action.in no way inferior to the "heritage" of tur-bines and wheat-improvement.

That heritage is just as much jeopardedby a false press, a false university instruc-tion system, and a contentment with sloppyverbal expression as is the heritage of goodfood now kept from the populace.

Venice, EZRAPOUND.

VICTORY FUNDTHREE weeks ago the Dean of Canter-

bury announced the opening of a Vic-torv Fund in honour of the first Social CreditGo~ernment in the world.

The following sums were received by Tues-day, September 17. All contributions willbe acknowledged in SOCIALCREDIT,undernom de plume if desired:-

Third List of Subscribers£ s. d.77 8 8Amount previously acknowledged

Miss McCallum (sum realisedthrough loan of Cottage forpart Aug. and Sept.) ...

B. .., ...One Hundred BulletsArthur Welford, Esq., SaxmundhamA.A.

8 19 0

500500

500200

I 0o 0

o 10 0,o 10 0o 10 0o 10 0

050

CielcueSmall ManufacturerL. B. Higgins, Esq.G. East, Esq. Penarth .. ,W. H. Wigley, Esq" IpswichA, PlainmannN eo OrthodoxusA Few Canvassers, Newcastle-on-

TyneT. C. Thrupp, Esq.R., AberdeenStanley Burton, Esq., FreshwaterA Douglas! A Douglas!, GlasgowJ. D. Taylor, Esq., SouthamptonMiss A. Raven, W.C.2A. & B" GlasgowF. Inglis, Esq., S.W.IOHopeful,.. ...F. T. McGee, Esq,

050050

050

050

050026026026026026020

47

REGIONALCONFERENCESIt is absolutely essential that

all groups whose Secretariesand Supervisors will be attend-ing either the London orNewcastle Conference shouldsend in,the names andaddresses before 'the 25thSeptember, and give theirwritten acceptance of 0.0. 2

.before that date as well.

What Readto1;'HEWORKSOFMAJORC. H. DOUGLAS:-

Economic Democracy (4th Edition)1934) ... ... ... ... 3s. 6d.

The original statement of thephilosophy and proposals of MajorDouglas.

Credit-Power and Democracy (4thEdition, 1934) ... ... ... 3s. 6d.

One of these two books is essentialfor the serious student.

Social Credit (3rd Edition, 1933) ... 3S. 6d.Contains the philosophical back-ground of the subject and includesthe Draft Scheme for Scotland.

The Control and Distribution ofProduction (end Edn., 1934)... 3s. 6d.

Warning Democracy (znd Edition,1934) ... ... ... ...

Two collections of speeches andarticles treating the subject tramdifferent angles.

The Monopoly of Credit .. ,The latest technical exposition, andincludes the Statement of Evidencebefore the Macmillan Committee.

The New and the Old Economics IS. od.Contains an exposition of the A + BTheorem,

These Present Discontents: TheLabour Party and Social Credit

The Nature of DemocracyThe Buxton Speech,

The Use of MoneyThe Christchurch Speech,

Money and the Price SystemThe Oslo Speech (reduced price forquantities),

Social Credit Principles

3s, 6d,

Announcements & MeetingsNotices will be accepted for this column at 6d,

a line, minimum three lines,Notices must reach the publishing office with

remittance by the Monday morning before the dateof issue,

LeicesterThe Organiser for Leicestershire, Mr. C. C, Burn-

ham, 147, Narborough Road, Leicester, wouldbe glad if every reader in the county wouldget into touch with him immediately, with theobject of extending the Electoral Campaignto districts outside the City, Meetings andspeakers can be arranged for at short notice.

Belfast Douglas Social Credit GroupForthcoming Visit of Lord Tankerville to UlsterFull particulars may be obtained at the Head-

quarters, Prince Chambers, 72, Ann Street,which are open each afternoon and evening.Public Meetings are being held as follow:-For Men (Unemployed especially) on Thursdays,at 3 p.m, For Everyone, on Thursdays, at7.45 p.m, Admission Free, Discussion,

"Social Credit"Connaught Hall, Y.M.C.A., Newcastle-on-Tyne

On, Wednesday, 'Oct, 2, Dr. Tudor 'Jones, Lecture"How To Make Parliament Obey You," Chairto be taken at 7,30 p.m. Admission free,Collection,

3s, 6d.

IS. od.6d.

6d.

3d.

rd.

Special Electoral CampaignNumber of SOCIAL CREDIT (post free) 3d.

Explains the princi1!,zes underlying theCampaign, what it unll achieve, and howeveryone can join in it.

I SECRETARIES I Comfort at CroydonLarge, sunny bed-sitting room, Breakfast or board

as required, Suitable for business lady,Highly recommended, - Box CC, SOCIALCREDIT, 163A, Strand, London, W,C,2.

Liverpool Social Credit ASSOCiationMeetings open to the public held on the first

Friday of every month, in Reece's Cafe, 14,Castle Street, Liverpool, at 8 p,m, Hon.Secretary: Miss D, M, Roberts, Fern Lee, Hale-wood Road, Gateacre, Liverpool.

Glasgow"Democracy and the Control of Credit," Speaker:

Dr, T. Robertson, B,Sc., M,D" Ch.B. CentralHalls, Bath s-. Wed" Sept, 25, 1935. at 7,45p,m; Subscription Ticket,

A Real RestAutumn week-ends or holidays in unspoilt country

undisturbed by motor traffic. Own lroduce ofthe highest quality. Room reserve for writ-ing and reading, Special terms to SocialCrediters, 5s a day. Full particulars from JohnSwift, Parsonage Farm, Little Saling, nearBraintree, Essex. Highly recommended.

tit SAVE COSTS INCIRCULARISING !

USE THE JOURNALFOR NOTIFYINGMEMBERS OF

MEETINGSLECTURES

ETC.• ETC.

You Will Attract New Members

DOUGLAS SOCIAL CREPIT MOVEMENT(NORTHERNIRELANDAREA)

HEAR THE RIGHT HON.

The EARL OF TANKERVILLEWho will address meetings in

ULSTER HALL, BELFAST, TUESDAY, SEPTEMBER 24thTOWN HALL, BALLYMENA, WEDNESDAY, SEPTEMBER 25thTOWN HALL, COLERAINE, THURSDAY. SEPTEMBER 26thGUILD HALL, SAINTFIELD, FRIDAY, SEPTEMBER 27th

AND WILL TELL You How

"YOU CAN ABOLISH POVERTY"COMMENCING EACH EVENING AT 7-45 p,m,

Admission (except Saintfield) 1/- & 2/- (Reserved). Tickets obtainable from: ForBelfast Meeting: The Principal Bookshops; Ballymena: "Observer" Office and TheWestway, Mill Street; Coleraine: The Misses MacLarnon, Church Street; (Saintfield:Admission Free, Silver Collection).

NOT LESS FOR SOME BUT MORE FOR ALL.

:!.IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII.!:-. -'RIGHTABOUTFACE ,

•SIX FOR SIXPENCE

--

BLADESSHEFFIELD's SHARPEST --

Page 8: I. :,.,0000cial Organ '.'.of. Secretariat :' ,:,: ':.', ,;;!.:.:',~ w: ' · 2019-09-18 · tive .pnces, _' Sir Sam.uel· Hoare, British Foreign Secretary. THE common suggestion that

SOCIAL CREDIT SEPTEMBER 20, 1935

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Small orders are charged at the rate of 7s,an inch (single column width).

Classified advertisements are charged at6d. a line with a minimum of three lines.

All orders and remittances to The Adver-tisement Manager, SOCIALCREDIT, 163AStrand, London, W.C.2.

~ulb lttngs ~tmS~ottl

~ttantatr

ON SHORT SEA ROUTETO lRELAND

An allowance of 5 'Yo on a/a. over £1 will be .ent to theS.cr.carlat for Patron. who lhow a copy of thl. paper

TEL. 20. W. Mac:ROBERT, Prop.

was very soon a matter of "Let me see, Mr.Canadian, if you've got some good securityfor me, I can let you have a loan to get somemore, and when you have pushed that over

, to me, too, you can have another loan, andsoon; the interest will be so much a year,and you must pay it regularly."

It worked wonders, I can tell you.Why, that Savage Country was soon

plotted out, and farmed; and towns, sprangup, and the Red Indians sprang on them,and 'got shotandoneawaywith; and nowCanada is a marvellous place.

Only, something or other got hitched upover the last World War, and I could nottell you what-if it was ever so. And at thisvery moment there is a positive howl goingon about the, Community's Credit, and FreeCredit, and Control of Credit; just as ifCredit (which everybody knows is only amatter of Book Binding) could be taken upby the Proper Police and pushed into aprop'er police cell. '

SIlly-that's what it looks to me, Andno so long ago there was some man saying,"The reason for this lies in the failure ofthirteen men who control one-half of thenation's twenty billion dollars of industrialand commercial wealth, to evolve ... a policybeneficial to the welfare of the people."

Well, to end .off, if the thirteen men ofCanada have let even half twenty-threebillions of goods slide through their fingerswithout knowing when it happened, it seemsas if they did not know a good thing froma bad one when they'd got It.

If"t_ _ . And who let thirteen men have any sort of~Uf\Df\ Now Can~da IS control, anyway? And the Credit (that's, a very different the Bank Book Binding) looks as if it wanted

sort of place. mending, too.There, are no Seems to me they'd better send home foryarls - or none some of the old ladies who've brought upto. speak o~; or big families on an old, song, and let them

~ k in g s, either, give them some hints.And yet theque s t ion of Icredit is all-of-a.buzz .there, too.

It is 'not an old country, nor over-populated,nor over-stocked, nor under- supplied, norany of the many things that go to makecredit hard to come by, and harder still tounderstand in an old country.

Yet-if you'll believe it, credit in Canadais--well, there! I just don't know whereto begin to tell you about Canadian Credit.

Less than 200 years ago Canada had nocredit, or none that was worth worryingover: all that huge country was given over to.a .few Red .Indians and Sav.age.Natur.e. Wbatfew white men there were hunted and 'ate; .and hunted and slept, and lived like pigs orporcupines.

There were no Mines, or Machines, orMoney, or Savings Banks, or anything thatmakes Work and Wealth and Worry.

Now you know as well as I do, that Credithas to do with civilisation, and Cities, andBig Business, and Banks and Book-keeping,

Well, then-along came the folks that £utall these things right (or wrong-blest If Iknow which it is), and in less time than it,takes me to tell you, there it was-Laws, andLicences, and Liberal Advances, and ProperPolice Control, and all the rest; and credit

Canada, Canute~ ~&Credit'K..._-o> ~TiC' was a Danish~ '.... ,~~ King who came

and landed in~ England "some-~~~ where down

~~ south" "Poole', ,

or Bosham, orone of those quiet little old places where allsorts of things happen without anyone know-ing anything about it-till too late.

After he landed in one of those back-waters 'where the tides are a bit tricky, alocal yarl said, "Now you're King in Bntainyou can stop the tides because BritanniaRules the Waves." ,

"Oh, does she?" said Canute. "Well let'ssee."

So he sent for a comfy chair and waited.But in spite of all he said, the tides came

on in until they were washing Canute's socksfree of charge.

Then he moved-and the yarl moved, too,and his credit was a lot less for a long timeafterwards.

This was the beginning of a lot of trouble,because credit got mixed up with Time andTide, and Waiting for No Man, and thatled to Land Confiscation for Taxes, and youcan just see what a thorough mess came ofit.

FIREWORKS.

• • •A Prophet Recognised

. the unescapable truth that in the peakyears of prosperity Major Douglas was alone inaccurate prediction of the course economic forceswere to take. - The "Church Times" editorial,September 13'

• ••The Growth of an Idea

The Social Credit Secretariat has kept anindex of press cuttings received since itsinception. The comparative figures for thet'Y,l'o_yearsof its existence make an i~t~restingcommentary on the growth of public interestin the subject: - '

1934 1935January '.. .., 72 330February .. , ... .., ... 102 268March .. ,'........ 133 258April .. , .. , .. ' 214 270May .. , .., ... ... ... 155 377.Tune ." .., .. ' .. , .. , 150 347July,.. .., .. ,... 115 312August .. , .. ,....., 97 382September I to 14 '.. .., 52 967

And, incidentally, they are a useful indexto the volume of work which has to betackled by the Secretariat-which is badlyunderstaffed and urgently needs more fundsand more volunteers.

ELE~TORAL ~AMPAIGNBelow is the form Parliamentary electors are being asked to sign. Please read it carefully,

sign (if you have not done so already) and send it (Y,d, stamp) to The Only Democrats,163AStrand, London, W.C,2.

Will you ask others to sign this demand and undertaking? Supplies of the form (LeafletNo, 5) can be had (see col. 4 of this page).

We Will Abolish PovertyElector's Demand and Undertaking

I. I know that there are goods in plenty, so that poverty is quite unnecessary.2. I want, before anything else, poverty abolished. ' '3, I want, too, national dividends distributed to me and every Briton so that we can buy

all we want of the goods that are now destroyed and the production that is restricted.4. These dividends must not increase prices or taxes or deprive owners of their property

or decrease its relative value.5. In a democracy like Great Britain Parliament exists to make the will of the people

prevaiL6. So I pledge myself to vote for any candidate who will undertake to support the abolition

of poverty and the issue of national dividends and to vote consistently against any partytrymg to put any other law-making before this.

7. If the present M.P. here won't undertake this I will vote for some other party and keepon changing until my policy has been achieved.

Signed,., .. " ,."." .. , ,., " .. ,.. ,.. ,",."., .. ,., .. , .. "', .. ,."",, ,.. ,., ,.., "',.,' ,.,' , .

Address , ,.. ,"', , ,"', , , ,.. ,.. , """"',',.".,., .. ,.. ,."." , ,', ,.. ,', ,' .. , ..(Signatures will be treated confidentially)

Volunteers for HelpI want to make my vote effective, so I volunteer to work ,.. , hours each week

at delivering and collecting these forms, in a district convenient to me, for the next sixmonths, or until further notice. I will try to induce all my friends to do likewise.

BLOCK Name .. ,.,.,.,""', "." ,." .. ,., .. ' ,'" ,", ,',' .. ' , '.,.,.," ,." .. ,.. , , .LETTERSPLEASE Address.,«. ,.. " , ,', .. ,.".""".,""",.,.,', ,""',., .. "." , .

For YourCAMPAIGN LITERATURE

consultJESMOND PRINTING PRESS LTD"

Railway Lane, Pilgrim Street,Newcastle-upon-Tyne I.

Printers of the "Money" Leaflets and otherSocial Credit Publications, '

We will be pleased to Estimate.'Phone: Newcastle 27972,

ELECTORSDemand National Dioidends

Leaflet No ..., For Recruiting.-Contains' a Sfacefor address of local group or superVIsor.For distribution at meetings, or deliveryby post or from door to door aftercollecting signed demand forms.6s, for 1,000(postage 9d.); 38, for 500 (postage

9d.); IS. 6d. for 250 (postage 4d.); 7d, for100 (postage ad.),

,Leaflet No. S

Elector'. Demand and Under-taking.- The instrument of the Elec-toral Campaign, in purple on orangeor purple on white.(post free) lOS,6d, for 1,000;5S, 3d. for 500;

2S, Bd, for 250; IS, for 80.

LeaRet No.6For Personal and Business

Friends.-Not suitable for the house-to-house canvass, but for use in offices,factories, or by travellers, or at parties.Space for 24 SIgnatures.(carriage extra) 27S,6d. for 1,000;3s, for 100;

IS. 6d. for 50; 9d, for 25,Obtainable from the offices of SOCIAL

CREDIT,163A,Strand, London, W.C.2.

SLOGAN STAMPS~BOt._ISHPCHER'7

~

l. E,N

TY

,VOTEFORA@]NATIONAL@]

I .If/Yo{e..~':(~,TWO~IHC' WI.I(LY

Stamps in two and three colours in thisattractive design are now available atrd. and 6d. each, or in sheets of twenty-five at 28. and 1:15.a sheet respe~~vely,post free. The penny stamps are In' twoshades of green and white and the six-penny ,stamp'll in two shades of greenand 'yellow. '

SLOGAN LABELSat 16 a Penny

These labels are available in theElectoral Campaign colours, orange andpurple, are ready gummed, and bear thefollowing inscription:-"The Abolition of Poverty, Demand it!Clearly, Simultaneously, Singlemindedly.

, Vote for it, Unitedly, Consistently andParliament will obey you."The price of these labels is IS. for one

dozen sheets, post free.By using these stamps and labels and

selling them to friends and sympathisers,you will extend our influence, increasethe sales of SOCIALCREDITand help ourfunds.

Groups which have nominated aSupervisor of Revenue to work the GroupRevenue Plan G,R.I, can obtain suppliesof stamps and labels at special reducedprices for resale, Individuals who arenot members of Groups, can also pur-chase supplies at special prices for resaleby undertaking to work the IndividualRevenue Plan P.R.I.

These two plans are intended to helpfinance the Secretariat, your paper, andlocal activities.

SOCIALCuDIT, 163A,Strand, London,W.C.2.

GET TO KNOW ABOUT THEM

MISSES KATE and GRACE TAYLOR.Shorthand, Typewriting, Duplicating (2 lines)

Good Work Speedily Finished.524, Grand Buildings, Trafalgar Sq. W,C,2,

, Whitehall 2515' '

A NATIONAL' DIVIDENDIS MONEY TO BUYGOODS THAT ARE NOWDESTROYED, AND PRO-DUCTION THAT ISRESTRICTED

Get On With It ~LET us no more contend With each

other, blamed enough elsewhere, butstrive in offices of love how we maylighten each other's, burden in ourshare of woe.-Milton.

Publlihed by the 8ocl&1 Credit 8ecretari&t, 16&, Strand,London. W.O.2. Tel TEll. 4164 (Secretariat). TEJ(. 7064(Editorial and PabU.hinr). Printed by The BIaokIrl&uPr_. Ud., 1.. :Middle Temple I.ane. E.O.4; end at Lel_ter