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Editorial June 4, 1932

The Seldovia Herald

Seldovia, Alaska

What is this article about?

Editorial contrasts America's economic struggles during the Depression with Britain's rapid recovery via coalition government, urging U.S. leaders to transcend party lines and enact sensible policies like tax reform and defeating the bonus bill, quoting Seward banker H.S. Balderston's optimism.

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OCR Quality

98% Excellent

Full Text

POLITICS AND BRIGHTEST SPOTS

It may be that America will have to take a leaf out of Britain's book before sane American standards again become the order of the day. Report has it that over there economic conditions are righting themselves.

And this is what H. S. Balderston, Seward banker, had to say in the Seward Gateway upon his return from the outside:

"Within a year, Britain has come up from the depths and is one of the brightest spots in the world today."

Banker Balderston had other things to say, encouraging things, about our own condition—that a general lifting of the murky clouds is discoverable, and he holds to the confident belief that the depression will pass.

Hinging his belief on enactment of some sort of sensible, productive tax measure; the almost certain defeat of the two billion bonus bill. The calm view point of a business man of practical banking affairs. Important, but lacking in thrills to minds unconcerned with high finance, but avidly interested in the program of work-a-day life. Sane human beings who are unable to grasp any logical reason for starvation in a land flowing with milk and honey.

But when the opinion is offered that if "congress adjourns and goes home ..... then some sort of business recovery is inevitable," it should bring three rousing cheers at the very least. We would say adjournment, or coalition—British style.

It must be admitted that your Britisher does things. His back may be against the wall when he starts in, but he seems inevitably to get there. Jangling partyism not getting the country anywhere, leaders adopted the simple expedient of throwing the whole works overboard and going before the country and getting elected on a coalition platform. The fact that party principles, view-points ingrained, had to be sidetracked mattered nothing.

The point was to save the country from the wrack and turmoil of economic chaos.

The precious gold standard, that fetish of usurers, sacredly guarded fort of upper-place money changers—pitched into the discard. Laborite, Liberal, Conservative; aristocrat, democrat around the table, heads together, giving and taking, working out problems for the country's salvation.

Of course, England is coming back.
What else, under the conditions, could possibly happen?

Whenever Washington can forget party lines, stop its ears to the dominating voice of selfish Interest, and think only on home firesides, hearkening to the myriad voices of the millions, then will America again take its place as the world's "brightest spot."

What sub-type of article is it?

Economic Policy Partisan Politics

What keywords are associated?

Economic Recovery Coalition Government Great Depression Partisan Politics Gold Standard Bonus Bill Tax Measures

What entities or persons were involved?

H. S. Balderston Britain Congress Washington

Editorial Details

Primary Topic

America's Economic Recovery Through British Style Coalition And Policy Reforms

Stance / Tone

Optimistic And Supportive Of Transcending Partisanship For National Economic Salvation

Key Figures

H. S. Balderston Britain Congress Washington

Key Arguments

Britain Recovered Economically Via Coalition Government Abandoning Party Lines America's Depression Will Pass With Sensible Tax Measures And Defeat Of Bonus Bill Congress Adjournment Or Coalition Would Enable Business Recovery Abandon Gold Standard And Selfish Interests For Country's Good Leaders Must Heed Voices Of The Millions Over Partyism

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