CLAIMS AND PREJUDICES.

Evening Star, Issue 22193, 22 November 1935, Page 16

CLAIMS AND PREJUDICES.

TO THE EDITOR. Sir, —The Labour candidates make the astounding claim to the possession of the knowledge necessary not only to break up the present monetary system, but to put the various Vague promises of a new working system into use. Where has it been possible for these men to obtain-this great knowledge ? Personally lam convinced that they have not the necessary qualifications to build up a new system, but, being ignorant of business, will, if they get into power, do very great harm to this young country. The people who will eventually suffer most will be their own followers.

As a business man, with as great a desire as any Labour candidates for the welfare of the people, I seriously suggest to each elector that he or she ask themselves the following question :— i‘ Am J supporting my party from a serious sense of my responsibility to my fellows, or from feelings of prejudice?” It is strange, but true, that many people who complain about their bad condition in life ,are their own enemies, and these are the ones who are led by prejudice, which, as a destructive force, is being preached by men to-day. It would take too long to deal with the various planks of the Labour Party, if one can call their catch cries “ planks,” but I will deal with one only: . . ■ The monetary system is to bo so controlled that money is to be made available for all; the promises are many and various, and are alluring to thbse in need. It' inflation is resorted to by the Labour Party in the event of it gaining a majority, then, with all responsibility, 1 say that we cannot escape ultimately such consequences as will bring much greater distress to the workers than they have gone through. With childlike faith Messrs Savage, Munro, and Company appear to think that all they have to do is to distribute credit and all will be well. They will by some supernatural power (not at present in their possession) stop economic taws from acting. 1 warn the electors that the actual state of affairs will be very different from the rosy pictures they are asked to accept. Prices of all goods will undoubtedly

rise, and when we want to do business with, another country we shall be told lt that our currency is not worth theirs. Consequently exchange might well go’ to 50 per cent., which means that Australia would only give £1 in Australian currency for 30s worth of ours, entailing a higher cost of living here. In Germany the distress caused by inflation was a nightmare; prices rose from day to day and money lost it* value.

I do not’often write to the newspapers* but 1 feel constrained to sound a note of warning to our young housewives in particular. _ Woman’s position in the world has improved greatly during the growth of the present economic and monetary systems, and woman has a great deal to lose should financial disaster come upon us.—l amj ’ Accountaki. November 21.