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This newspaper page contains 14 articles. Subscribers can read the full text of each article.
Newspaper
The Canton Repository
Location
Canton, Ohio, United States of America
Date
Jan 08, 1942
Page
4
The US must produce weapons to win the war while protecting the financial system and finding a way to finance war debt after victory. Roosevelt says prompt action will control price inflation and prevent a deep postwar mood, with no fiscal barriers to wartime effort and victory.
The article explains how defense orders spur factory expansion and labor needs across the country while inflation grows as the government seeks to drain purchasing power through higher taxes and borrowing. Roosevelt urges Americans to bear tax burdens for victory, though public talk of taxes continues.
The piece notes that by 1943 the US public debt will reach 110 billion dollars with a 2.5 billion annual carrying charge. It stresses that paying the debt hinges on high national income and employment, warns against postwar low mood, and cites President Roosevelt on sustaining employment to fund taxes. It refers to the Jan 7 1942 budget transmission to Congress, a month after Pearl Harbor.
As circumstances shift, new light is shed on debt increases and the need for full financing. Officials review options, with emphasis on securing adequate funds to meet obligations and stabilize operations.
In a wartime forecast, economist Paul Mallon argues that the United States can finance a $110 trillion defense program by tapping every family and expanding debt. He notes the need to keep interest funded and warns that postwar prosperity hinges on avoiding a return to prior economic lows. The piece touches on Russo-Japanese tensions, China’s role, and British-Chinese maneuvers in Asia, with speculative notes on future offensives and the Malaya front.
A humorous reflection on how multiple household clocks diverge on time. The living room clock emerges as the most trustworthy after delays from unplugged units and slow or fast mechanisms. The piece ends with a call to seek a trustworthy time source.
The piece argues that Japanese actions and wartime disruptions crippled the U S auto industry and living standards. It urges immediate conversion of manufacturing to war needs, massive shifts in labor, and sustained national effort to regain rubber access and revive industry through victory. It stresses that without victory, cars and American life will not recover as Tokyo directs rubber supplies and prices.
A compilation traces rates in Buffalo and Illinois funds at discounts up to 25 percent, notes a 1910s park tunnel train collision killing 17 and injuring 40, lists local firings and elections in New York and Washington, plus various 25 to 10 year-ago items. It mentions Wilson peace note leaks, religious censuses in Canton, and Manchurian tensions with Japan.
A National Geographic Bulletin notes a 1942 wardrobe stunt where an American girl could wear clothing from synthetic materials. Wool would be milk derived, silk from wood pulp and cotton linters, showcasing futuristic fabric science.
A survey of synthetic materials transforming clothing and accessories. Leather from resins, rayon, nylon stockings, faux leathers, and plastic framed handbags illustrate a global shift. Japan and Germany lead in rayon and vinyl esters while new dress goods, seaweed fabrics, and dye advances expand color and wear.
A brief aphorism notes that while man rests, God is still active in shaping him. It emphasizes that no moment or means are wasted, and blessing can occur even in stillness, according to the quoted source.
A curious report notes a foreign-born Japanese individual arriving in Mississippi stirring attention at Ole Miss. The piece hints at national origins and local curiosity without detailing motives or outcomes.
Damon Runyon notes the total Japanese population in Mississippi as one, contrasting it with national and regional figures. He lists city counts, state distributions, and birth origins, highlighting coastal concentrations and noting Mississippi as an anomaly while joking about calling in Mr. Moto for the mystery.
Ruth Millett argues women should avoid doom and gloom during wartime. She urges staying practical and upbeat rather than wearing black, canceling entertaining, or grim talk. She stresses contributing with a positive attitude and cheerful demeanor until action is needed.
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