The normal balances have been
impaired, the channels of distribution have been clogged, the
relations of labor and management have been strained. We must seek
the readjustment with care and courage. Our people must give and
take. Prices must reflect the receding fever of war activities.
Perhaps we never shall know the old levels of wages again, because
war invariably readjusts compensations, and the necessaries of
life will show their inseparable relationship, but we must strive
for normalcy to reach stability. All the penalties will not be
light, nor evenly distributed. There is no way of making them so.
There is no instant step from disorder to order. We must face a
condition of grim reality, charge off our losses and start afresh.
It is the oldest lesson of civilization. I would like government
to do all it can to mitigate; then, in understanding, in mutuality
of interest, in concern for the common good, our tasks will be
solved. No altered system will work a miracle. Any wild experiment
will only add to the confusion. Our best assurance lies in
efficient administration of our proven system.
The forward course of the business cycle is unmistakable. Peoples
are turning from destruction to production. Industry has sensed
the changed order and our own people are turning to resume their
normal, onward way.
Pages:
365
366
367
368
369
370
371
372
373
374
375
376
377
378
379
380
381
382
383
384
385
386
387
388
389