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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 23, 1935
Page
6
A speaker warns that industry alone creates wealth while taxation and government borrowing drain wealth and constrain industry. He argues the focus should be balancing burdens to support social advancement and avoid short term thinking that worsens the industrial burden.
Alfred P. Sloan Jr decries excessive exactions on industry during recovery. He argues that political considerations undermine productivity, jobs, and living standards, urging recognition of the adverse outcome of heavy demands. A separate joke notes two former bachelor friends reuniting after five years and quipping about married life and domestic tasks.
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