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v . h;rr 'r-; & 1 „ .„. • ly, October 7, 1943 7 V-- l¥*? THE McHENRY PLAINDEALER m ••-• • * • ; Y: T.'- V?* ' Page Seven 7.V." •/•; • • ' . ' I " ' , " * I - u ' - * * . ' v;;- • • .. - - • /'• Ji'-, • ;t ; ' / v/- - -,v'"•' ' • ' ~ • -v-^--* ~ - * " " - « ' • : •: : •: • • ;* . . ' r ! t ^ i . x-r^J'irc^Xy^^i .. . . * 1 \ X < , , Ws: iJuitljcmcBt !m contributed to the Third Wtf Lota Drive by Book-of-the* Month Club, Inc., 385 Midi. ' . . - • v « '•> , *•" v * ' ' " • •- >."'.•t•i > ••, •<•'•??v :• '.V•'•-* -• :'••••••• :*;»V-x - ->v ^>;•r• -.•'•->.»=•• :-!• •-..* •' - < • r; : :;^Uj :7: ' '?•. •: •'• '•••;• 7^ r'X COFFEE WW! »w HAMbUROER. [IfTI 1n1f.c i AHHICAN CHEES£ ill* Msr •225 41-50 * i •Jv-'A tn:i "'S s- •' v y. y::W. :-i.it • - » * ' ' - ,"• •1' A' -; V.. •. ; '• " V:t' " C1 o/- T :\X We cannot allow Inflation, a great and disorderly rise in all prices, to occur in this land. Either during the war or alter it. That is the supreme reason--among many other sound dies--why every man and woman of us should put every dollar that can be reasonably spared into additional War Bonds now. It may be shocking to discover that you, personally, may have been actively contributing to bring on such a national tragedy; by mere PARTIAL support of the Government in its efforts to raise money for the war. Here is a simple basic truth, about the nation's monetafy afiairs, which evtry American must understand: Every available dollar which we fail to put into War Bonds compels our Government to CREATE A NEW DOLLAR--to take the place of the one we do not lend. This manufacture of new money in great quantities has been the root cause of every disastrous inflation record# in history. It is now going on in this country by the billions li dollars monthly. Our active money supply has ALREADY increased $43,000,000,000 since the war began. It has more than doubled in that time. If all of us--individuals and business firms--do not lend the Government far more than we did in 1942, this increase WILL GO ON at an estimated rate of at least $30,000,000,000 aach year the war lasts. Should this happen, with two more years of war, money-supply would be inflated to a total almost TIMES what it was in 1939* You do not need to be an economist to realize that this progressive enormous inflation of the nation's money-supply is at the same time piling up the difficulties of preventing a great and disorderly rise in prices. This wartime manufacture of new money must be LESSENED GREATLY, if such a disaster is to be averted. It is that necessity which explains the WHY behind the Government's colossal taxation and borrowing program. You surely know that our Government, if it is forced to do so, could get the extra money it needs to pay its current war bills by running the money off the printing presses, the way Germany did in the twenties. Have you ever thought, "Why doesn't it? Why does it tax me so heavily? Why does it bother me continuously about loans?" The answer is: the Govreerrnnmmeenntt , in your long interests, must do everything possible TO KEEP TO A MINIMUM this wartime creation of new money. The best way to lessen this perilous swelling of our money supply is by taxation. The next best way is for all of us--every individual and every business firm--to lend the Government every dollar we can reasonably spare. Whatever you pay in taxes, whatever you lend, LESSENS BY SO MUCH the new money the Government is obliged to create. This is the crucial role each one of us, as an individual, plays in safeguarding the future of the nation at home, while our boys do so abroad. Whatever else you may be humbly doing for your country, in this momentous period, this basic responsibility of a citizen must be added to it It is hard--and may get harder--on everybody. But whatever the inconveniences and sacrifices may be, how : will they compare with what will have been done by the 10,000,000 young men and women who, at their best years, have broken their careers to win the war? What kind of land shall we let these boys come home to? INFLATION CAN SURELY BE AVERTED the responsible monetary authorities in Washington know exactly how it must be done, and (on the whole) the nation is on the right trade. Taxes have been enormously increased, so has borrowing from other than banks, and the "controls"--to prevent wartime inflation-- have been reasonably successful. Over the long period, however, certain avoidance of a disastrous inflation is impo*» •ible without greatly increased loans from the people. YOUR PRIVATE INTEREST AND PATRIOTISM COINCI0C There never will be a time when United States Bonds will not be paid off dollar for dollar, no matter how great the federal debdweomes. The real concern of everybody must be how much each dollar will buy, in gooda and services, in th* future. But if all of us, through being uninformed or apathetic, compel the Government now to add tens of billions of dollars yearly to our money-supply, that is the very way to lessen the future value of the dollar, the very way every disastrous inflation in history has been caused. Accordingly, the best possible protection to your present savings and your future income--whether from salary or wages or otherwise--is paying heavy taxes now and lending all you can spare to the Government. The only certain way for any person, rich or poor, to "beat inflation," it to help avert it; and this i$ the only certain way to avert it. COMMON SENSE: War it helps to win th« war quickly, it protects your own future as an investment, it protects the it. "V';X f o o o < • < • < • O "<• . < • < > « • < • < e AGATHA SHOP ALEXANDER LUMBER CO. WM. H. ALTHOFF HDWE. BLAKE MOTOR SALES BOLGER'S DRUG STORE BUSS MOTOR SALES CAREY ELECTRIC SHOP CLAIRE BEAUTY SHOPPE R. M. FLEMING IMPLEMENTS WALTER J. FREUND TIRE SHOP GLADSTONE'S DEPARTMENT STORE HESTER OILS --TACOB JUSTEN SONS--FURNITURE " PETER M. JUSTEN--FURNITURE KARLS CAFE KENT & CO.--REAL ESTATE, INSURANCE McGEE'S CLOTHING STORE McHENRY CO. FARMERS CO-OP. ASSH. McHENRY ICE CREAM CO. McHENRY LUMBER CO. MILLER PRODUCTS MI PLACE TAVERN NORTHERN GREYHOUND BUS DEPO# Gus Unti, Prop. OVERTON MOTOR SALES RINGWOOD CHEMICAL CO. RIVERSIDE BAKERY SCHWERMAN CHEVROLET SALES STOFFEL & REIHANSPERGER -- Insurance VYCITAL'S HARDWARE KARL R. WALSH--INSURANCE WATTLES DRUG STORE WEST McHENRY STATE BANK WORWICK STUDIO < > i »