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DEPENDS LARGELY UPON THE WISE AND, "AEUL SELECTON 0OF WALLPAPER MWOD-DVIS W SHALE ALPAPERS. The atretnmd fasinaiugdoign, podCe y the wOrld'aS flet ,wil prove A&, your Decrator for the îsew 'Wood-Dav;is" Sample Books- or core to our beautifulclonial &iplay roorn fr selection. We f«tazur SMRAHMN ad BIGE 'walpapers. WOOD-DA VIS Co* ."Nottk $bre* Hast CunItePainterts 8p1y Hm 1565r SHERMAN AV E VANSTON We Delive Acras jrom the Valencia UNI.ý 6852 What You Ask... and Risk When You Name a Friend Your Executor. ir iou niain a friend or business associate executor of your J.will, yod place a staggering burden on his shouldcrs. You can rely, of course, on his honesty and good intentions. Probably you respect his sound financial judgment. But the Mrost astuce businessmen often find theanselves. bewildered by the aumbcr and varicty of an executors duties. Your executor musc make every move in strict accordance wich a complicatcd body of law. He musc be ehoroughly famililr with state anxd Lederal taxes. He must kecp the peoper records, anake collections and cisbursemenes, rcview and handle your securities, manage your real estate or your prowem IIIwUien tLn .jiaii proposes to rectify is one that by atr casi fiesý under the -science of political e conomy and the use of words and phrases in a discussion of the Plan sbould be upon the appropriate, déf- initiory of those words and phrases. Defines PliIticail Economy Political economy is' the science which treats of the nature of wealthl and its production and distribution. As a science it must be based upon fundamental laws of nature. or of the Creator, and flot upon. Laws ocf man. National economy. may be so defined, by,,sgome. It is more com- monly understood as the particular form o! .organization of the means of* production and distribution o! wealth vwhich prevails at any given time within a nation. It is prima rily man made, man eointroJ.1e4,.andmay4 or may flot conform with scientifie laws. The Townsend plan proposes the application of man made laws to distribute material things among the people of the nation. They pro- pose to take from some and givé to others. The word distribution here means divide, deliver, splitup, or* sojne such action. In political econ- omy distribution rneans the appor-, tioning of wealth to the factors en- tering into its production. Cites rwo Factors *There are only two fundamental factors entering lflto the productionj of wealth. 1nie first factor is allj things in nature, commionly referred to as land. It may be defined as all the material universe outside of man and bis products. The other factor is man's labor. This includes mental, as well as physical effort because man can do nothing withôut taking thought. Capital, that is sometimes considered a third factor, is man'si labor in the form of wealth whichi is being used to assist man in the producing of mo re wealth. Thusi wi ice, or any prevlously paid t'axes. or any losses of savings as a resuit of unwise <o! ten thought wise) in- vestments. Itshould be based upon the tact that nature or, the Creàtor. was extremrely generous and intend-' ed that man shouldapply bis labor to the land -which, was given and produce to the satisfaction, of bis desires. The, laws. of the universe are just. ýMan madle laws are some- times just. There were several factors o! vari-. able n a. t ul r e assumed wvhen the United States ýdepartment of comn- merce made the statement that the Amferican wage should be an' aver- age of $200 a month to maintain production a t normal. They - deait with effects (statistics) flot causes. they assumed, some relative value of the dollar, which is a ,médium of exehange, and not wealth. they as- sumed some numnber or workers, tlwy umitted the wives.. daughteaa. and others at home, not on any calibrated scale of income but none the iess factors in national produc- tion; and, most vital of ail they. consciously or unconsciously. assum- ed that the $200 woulcl be rendered in exchange for wealth produced. A ,dole or a pension of whatever kind is neyer rendered in exchange for wealth produced. Only One Answer The writer explains the plan as. having three parts. First. the tax to raise the funds for pension pay- ments .is to be a. sellers' and not a buyers' tax. There is only one an- swer to that, dairn. There is only one person who ever pays any tax. That person is the ultimate con sum- er: Second, the money raised is to be cistributed equally among those past the age of sixty who will retire fromn gainful emnployment, and who Wîll agree to spend the entire an- nuity (gift> within a period of thirty days. This is a double edged sword: Producers o! wealth must agree to give to a, class of J. Benton Schaub, 1040 Isabella St. Wilniette. Cbiç.e %1in Iprodi producers. 1. 15 just, ing from