rs DOUGLASISM DEAD?

Waikato Times, Volume 116, Issue 19352, 4 September 1934, Page 7

rs DOUGLASISM DEAD?

CTo the Edilor.l Sir, —if, must have been a bit of a shock to 'Mi’ Seymour and other opponents of Douglas Social Credit to learn that no fewer than 40 Douglas candidates will contest the Australian Federal elections. Some of the nntinouglasites have suggested that the membership of the movement is oooflned chiefly to impecunious and disgruntled wage-earners and workers, with a sprinkling of unsuccessful and bankrupt business men. Considering that it takes at least £SOO (probabl\ a great deal more in Australia) to light an election campaign, for one candidate alone, it seems pretty clea r that Douglasism there is not only numerically but financially strong, jn fact, I have evidence that some of the leading professional and business men are backing the Douglas movement for all they arc worth, realising that the present chaos created by ‘sound and sane finance" cannot iast much longer. it was refreshing to hear that Mr .T. A. 0. Allum, who enjoys a very high business and social standing in the City or Auckland, and is held in wide respect throughout Hie Dominion, gave ah address to Hamilton business men this week which was on all fours with Douglasisnu Few men in the Dominion are more familiar with loan indebtedness and finance than Mr Allum, and Mr Allum assures us that there is no hope for industry and commerce until there is a change In the financial system.—l am, etc. PLATO. Hamilton, August 31. 1934