Tuesday, October 27, l936

 

ARMOUR TECH NEWS

Page Three

 

    

 

By S. M. Minor

(The following is a continuation
of the subject discussed in SIDE-
LINES of last week. The remaining
two social policies are considered:
enforced competition and govern-
ment ownership.)

7% =¥ it

WHERE REGULATION as a
means of; industrial control meets its
difficulty, the enforced competition
method demures. Since regulation
cannot be attained because of the ex-
tensive diversification of industrial
endeavor, enforced competition offers
a solution which tends to allow the
small business man to remain free,
to set his own prices on the basis of
competition. From there it goes on
to attempt control of the large, giant,
monopolistic types of business organ-
ization; not control of the regulatory
type, however, but definite rules of
procedure and conduct, requirements
and standards, thereby setting the
limits within or under which big
business may operate.

WITH THIS accomplished it is
assumed that industry will control it-
self on a price-adjusting basis, thus
the title of enforced competition,
“maintained freedom"; as one econ-
omist has drawn the analogy, “ban
the Mach truck from the highways
and the baby Austin can roll on un-
hampered and unafraid.”

DEFINITE policies along the line
of enforced competition are carrie
by such regulations as the Sherman
Anti-Trust Act, and the Clayton Act,
and have been forwarded by such
actions as Theodore Roosevcits
“Trust-busting” campaign, La Fol-
lettc’s (the elder) attempt to break
up all big business, and Wilson’s
“new-freedom.” Its culmination, to
date, was reached when both major
political parties declared strongly
against monopoly.

HOWEVER, EVEN enforced com—
petition does not answer the problem.
It too has its difficulties and short-
comings. It has been said that “A
good corporation lawyer could take a
law designed to be a wall and make
it into a triumphal arch”. This
figure of speech brings out the fun-
damental difficulty with enforced
competition. No one can be so
naive as to believe that prices in the
steel industry have been set by free
competition. And again, everyone
realizes that there are many large
companies in the industrial world,
whose policies are law and to defy
those is certain death.

THE CAUSE OF this difficulty
lies in the inability to obtain efficient,
honest and intelligent policing. This
inability can be traced to three
origins. First, legislation has been
slow and difficult to obtain. Second,
the problem facing the policing offi-
cial soon tears down any strength of
endeavor which he might have bad.
And third, court decisions have tied
the hands of the authorities to a very
great extent.

a a in

THE FINAL POLICY is one
which receives much discussion from
liberal theorists and from radical
fanatics, but for the wmmon people
is still too much of an experiment to
be worried about; it is government
ownership. In one respect, it has an
advantage over enforced competition
and regulation in that it allows for
one man (a government executive) to
do the work formerly handled by two
(a business executive and a govern-
ment official to watch him.) Further-
more, from the view point of society
as a Whole, there is an advantage in
the elimination of the profit motive.

HOWEVER, AS A possibility on
an appreciable scale within the next
few years, the governmental owner-
ship policy may he ruled out. It
goes too much “against the grain" of
the American, people. It involves too
much of a change in our manner of
by the rank and file of the people.

 

AS PROFESSOR TAUSSIG has
said in describing the antipathy of
the American people toward govern»
ment control, “. . . it is an inheritance
from the older political philosophy of
Laissez-Faire» and non-interference.
In part, it is due to sad experience
of misgovernment in this country.

 

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POULTRY comment

ROBERT E. PHILLIPS, GRADUATE STUDENT lN

OPERATION HE INSERTS A HOLLU‘M 0001’. CON-
TAINING THE MEEM Mo Tu DVIDUCT 1N
PLACE OF THE rout. THE 556 FORMS PER-

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But to no small degree it arises from four main divisions is only superfi—
a lurking fear of dispossession. Pub- cial. Government is, has been, and
lie management is ‘socialistic’; it is
feared as the entering edge to com- ,

. . from all four. It is only a question
It ex ro nation." . . . .
Dc c p I) _.._ of the ratios in which the constitu-

OF COURSE THIS division into cuts are present in the mixture.

will be a combination of features

 

MENTAL EFFOWT

 

  
  

RALLLQYL—

(Continued from page one)

lic works program is preferable to
cash relief, that an amendment mak~
ing state minimum wage laws consti»
tutional is desirable, that the govern-
ment should aid the American farm~
are by protective tariffs and the reg-
ulation of prices, and that relief
should be administered by the local
government in preference to the na—
tional government.

Opinion was divided on the effect
of a new administration on the bush
ness conditions of the country. From
the vote, thought is divided on the
handicapping; 01" business by a large
unbalanced national
budget.

government

The Relief Question

The Why? question on the advisi-
bility of having a public works pro-
gram or cash relief drew some inter-
esting answers.

Generally the ideas in favor of a
public works program wet-z “Pro-i
vents a dole,” “Less graft—abut no
boondoggling and waste," “Have
something to show for the money,”
“No workec, no catcc,” “Aids basic
industries," “Idleness induces crime,”
“Work promotes sclf~reliance" and
“There’s individual cheating with
cash relief.”

In favor of the cash relief were
written: “Public work interferes
with normal development," “Too
much administration cost,” “Cheap—
er form of relicfwmakcs relief less
attractive,” and “Private industry
could do the work much cheaper."

The opinions on the relative values

 

of the administration of relief by the followers are opposed to the idea.

national and local governments are
in most cases contradictions. Many
of the same advantages are claimed
for both methods of administration.

Thought Trends

Consensus of thought of those favor-
ing local relief administration is that
the local government knows the needy
individuals. has a clearer understand-
ing of the problems, and could oper-
ate more efficiently and at a lower
cost.

Claimants for national relief say
there is less chance for petty graft,
local problems are least understood
by local agents, some local govern—
ments are not wealthy enough to fi-
nance relief, and that it centralizes
control.

Separate tabulations were made on
the way in which the followers of
each candidate answered the ques-
tions in the ballot.

Followers of the “Old Guard”
standard believe a new administra-
tion would have a marked beneficial
effect on business conditions. In con-
trast, the Roosevelt followers give a
vehement N0!

Business Handicap

Is. business seriously handicapped
by a large unbalanced budget? The
Republicans say yes with 55 votes
against 63 negative votes of the
Democrats.

According to 79 votes by follow—
ers of the “Donkey" party, the
T.V.A. and other public utilities
would be properly owned by the gov-
ernment. Seven Thomas‘ followers
and six Browdcr advocates agree
with them, while. 51 of the 59 Lan-
don men voting and tho two Lemkc

Has the present administration
taken undue control over business?
Fifty-three Landonites think so while
78 Democrats disagree with them.

As to the_ question on the present
relief policy forming a permanent
dole supported class, 57 Republicans
and 17 Democrats believe it will. A
Weaker group of 49 Roosevelt men
think otherwise.

A higher percentage of both fac-
tions believe that the government
should not have a strict control over
business and an approximately equal
number from each faction want the
Laisscz Fair-e (let alone) policy. The
followers of Browdor and Thomas
voted against both strict control and
let alone policies.

Split on Court Power

On the liberal interpretations of
the constitution, Landon followers
split on the issue, 28 for and 28
against with 1]. doubtful. Seventy-
six strong Roosevelt advocates and
five of the Socialists favored it.
Strangely enough, two of the Brow-
dcr followers were for liberal inter-
pretation and three against it. Lem-
ke’s two followers also split on the
issue.

The Republicans definitely voted
to oppose the enabling of Congress
to repass. an not over a Supreme
Court decision while the Democrats
were evenly divided on the question.

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thrashing camels with meals and] utter helps bring
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1’00— especially long
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up tension and puts an
extra strain on digcs~
lion. When you're tired,
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"lift” with a Camel. And
at mealtimes and after,
"for digestion's sake . . .
smoke Camels.” Camels
set you right!

 
 

 

 
   
   
  
 
   
   
   
   
   
   
   
    
   
     
   

 
 

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whose smashing scrvicé goes at the
amazing speed of 131 miles an hour. He
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good digestion,” says Lester. “I smoke
a lot during meals and after. Camels
make food taste better and digest easier.”

 
 

 
  
 
 
 
  
   
 

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up the flow of digestive fluids...alka«
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.

gcstion and proper nutrition require.

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[hynflldll 'l’ulmm Columbus. W
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