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The smoke is thick, the guests are thicker, Their roving eyes in search of licker. There are no chairs in which to sit, f crave a door through which to flit, But who am I to fuss and fret? At cocktail party etiquette?

I can't say I was forced to come, So let's conclude I'm just plain dumb.

-Margaret Fishback, in Collier's.

The above mildly expresses w,hat I used to think about cocktail parties. f say "used to,', because I'm not as dumb as I used to be. I don't go such places any more. If there is one thing out of all the million things that now seem to indicate that the American people are decadent and have lost their grip-one thing that stands out as proof positive-it is the cocktail party habit. If we were honest we would write across the face of all invitations to such affairs: "For morons only." Stand in a corner at one of these affairs-almost any one-and listen to the conversations that fill the air, and you can hardly disagree with the above conclusion. This is not a moral lecture; it's an intelligence discussion.

,F** one sometimes looks l*i .lnn envy to the days of war when the necessities of life were available at decent prices, and all the things listed above and hundreds of other scarce items could be had without much trouble. In those days we knew that what trials appeared were the result of the war and for the benefit of the war effort and to help our boys. We were not compelled as we are today to see the tragic conditions that surround us, and have to realize that they are all the direct result of that fumbling, stumbling Bureaucracy in Washington, and practically all unnecessary. And we seem so helpless to do anything about it ! And don't forget, regardless of what they say or print, the bureaus are never going to voluntarily end. Whenever they go out they will be thrown out.

Often you hear or read the pertinent query-.,Who won the war, anyway?" Look at the state of the nation at this moment. No soap, no meat, no toilet paper, no suits, no shirts, no syrup, no houses, no apartments, no athletic stuff for growing kids, no lumber, no windows, no doors, no building material, no quality in anything, no service, no automobiles, no ice-boxes, no workmanship, no hotel rooms, no courtesy, no nothin'.

Some farmers are mighty smart. A farmer friend of mine sends me a little story. I don,t know whether he originated it or not, and it doesn't matter. It is a delightful little treatise on our present day economics. He says that a man who ran a srnall chicken ranch needed wheat for his chickens so he hired out to a neighboring farmer to work on his farm one day a week. The wage was $5 a day. He took his pay in wheat, for which the farmer charged him g1 a bushel. So at the end of each day's work he carried home five bushels of wheat. rfrF*

In a short time he advised the wheat farmer that he had to have $6 a day for his work, and the farmer agreed. But he raised the price of wheat to 91.20 a bushel. So the chicken raiser carried home five bushels of wheat for his day's work Soon he struck for 97.50 a day, and the farmer agreed. But he raised the price of wheat to 91.50 a bushel. So he still got five bushels of wheat for his day's work. Then the price of labor went to $tO a day; and the price of wheat went up to $Z a bushel.

And the wheat f"r-"r* "Ju l" his wife: ..Business is wonderful. I'm getting $2 a bushel for wheat.,' And the chicken raiser said to his wife: ,,Business is great. I,m getting $10 a day for my work.', They seemed very happy. And, says my farmer friend who sends me this story, .,Who gets hurt by this situation?" And he answers the question himself. He says: "Nobody gets hurt ! Nobody at all t Only every man and woman who owns a life insurance policy; every man and woman who owns a Government bond; every man and woman who has a savings account ! That's all that gets hurt !"

If you're looking to, ,iopi. Iemonstration of the foolhardy phase through which we are laboring today, just quote the story of the chicken raiser and the wheat farmer. Our entire national economic and financial situation is just an enlargement of that picture. All we've got to do is keep on blowing gas into that balloon long enough, and our whole economy will explode with a sharp report and come down in a fine drizzle. Watch and see. Everything will have to come down, if this is to be prevented. The continual upping of the price of everything can only end in disaster.

Wages continually go up, but production does not. Efficiency continually decreases. There is no hope for production to catch up with demand under present conditions. The dollars we get simply grow less and less valuable. The other day I heard a remark that sounded like pure wisdom. A man asked an old automobile dealer how long he thought it would be before a customer would be able to walk into an auto sales room, buy a car, and drive it out. The old

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