THE MAJOR DOUGLAS VISIT

Press, Volume LXX, Issue 21085, 9 February 1934, Page 14

THE MAJOR DOUGLAS VISIT

TO Tllr. EDITOR 05" THE I'KESS. Sir,—l think the following extract from Dr. Strcetcr's introductory remarks to Major Douglas's address at the Sydney Stadium, before an audience of 12,000, is of such current interest as to warrant inclusion in your columns. "I have been ashed why I, a medical man, should be running about the country talking economics. I go into the homes of Ihe unemployed in Queensland. I have seen men whom I have known for years, good, honest men, good husbands, good fathers, on this miserable 'dole,' their children starving or a bread and treacle diet, which is not real food at all, and which will prevent them from ever developing into real manhood and womanhood. No matter what we do to-day we can never make up to those children for the abominable injuries we are doing to them through the present financial system. "I do not believe that anyone who is not a congenital idiot can be satisfied with the present system. When I talk about the financial system I have no reserve. I am not nearly as respectable as you are, here in Sydney. I tell Queensland that so long as they allow this foolish hypocrisy you will never have anything but misery and suffering, and the starvation of your children. That is my j job—to try to make life a little better for people. I declare before God and my conscience that I will not cease to denounce that system while it remains in its present form. It is robbing civilised life of all that is fine and intelligent "Wheai our Government wanted advice they sent Home to representatives of the Bank of England, which maintains every fundamental untruth about banking and its government. Whom did they send out here? Otto Niemeyer, Professor Theodore Emanuel Guggenheimer Gregory. What did they do? They said: 'Here, you do

as we tell you, or stew in your own juice.' "The radical problem with which we have to deal is the" equation of buying power with productive capacity, and until we have a proper relation of financial credit with real credit we cannot hope to get prosperity."—Yours, etc., T. ARMSTRONG. February 7. 1934.