SOCIAL CREDIT.

Manawatu Standard, Volume LV, Issue 242, 10 September 1935, Page 6

SOCIAL CREDIT.

(To the Editor.) Sir, —A’our correspondent “Sanity” would cut a sorry figure in bridging the gap between plenty and poverty which is the result of a short division of purchasing power. I agree we have “expectations” for progress from the Social Credit movement, which is more than we dare hope from the debt creative system of the banks. Aval “Sanity” explain who has a ray. of hope for freedom from his viewpoint? The “manufacture of money” as a further fiduciary note issue is now being considered by the Midland Bank (Bankers’ Journal). A something from the blue! Is this a “gift” known only to the banking family? He need not worry about the advocacy of democracy for a change in the banking system. The inherent germ of debt is fast eating up its very vitals. The stigma of “something for something” now hurled by the banks at Social Credit will become upon its adoption a “something for nothing” justly equating production and consumption. No monetary reformer followed the Alberta election with greater avidity than “Sanity.” AVitb a total of 54 seats out of 63, he must allow the electors knew their job. “Sanity.” says “the royal road to success is hard work.” AV ill he join us? If hard work means success, then we reformers are “home and dry.” The horny handed toilers in this bankers’ depression school are awaiting their degrees. AVill _ “Sanity” leave the shelter and seclusion of his sanctum for the royal road he praises, to confirm again that “example is better than precept”—another deniable fact? —I am, etc., ERNEST PETTY. Feilding, September 10, 1935.