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Newspaper
Holbrook News
Location
Holbrook, Arizona, United States of America
Date
Aug 20, 1920
Page
2
A Holbrook column critiques a Ponzi like scheme and warns of wartime policy shifts under President Wilson. It laments investors who profited and the real costs to the public while predicting renewed draft and mobilization should Poland's independence be threatened.
The note from Secretary of State Colby to the Italian Ambassador urges an armistice between Poland and Russia and pledges all available means to Poland’s territorial integrity. The piece argues the President holds broad emergency war powers except transportation control and warns against overstepping.
The piece argues Arizona’s economy hinges on world copper markets. Postwar costs and prices press miners amid taxing rules and labor tensions. It urges a conservative program promoting domestic production, fair taxation, and stable labor conditions to sustain industry and state prosperity.
The piece argues that radical anti trust actions in Europe, Russia and Austria threaten modern life. It contends the old system, though imperfect, sustained millions and prevented starvation, warning against scrapping it to chase quick reforms. It cautions that nations must adjust the existing mechanism rather than demolish it.
The piece argues saving and investing bless society by funding wages and production. It links higher wages to capital growth in the United States and warns that confiscating capital leads to unemployment. It cites biblical quotes and history to support capitalist principles and criticizes radicals seeking to seize capital.
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