Vagabond Editorials

(Continued from Page 7) ing, of course. There always is. But as a whole this will bring relief to the people who have been operating under the code and trying to get code cost for their products. And the next question to be answered-the great and vital one-is, how much will the public buy at the new Price?

The answer is going to have to depend a great deal on the rapid development of building credit. The present buying power of the nation won't do the trick at all. I'm stitl hoping that the Government will in some direct fashion offer to finance the building of modest homes for worthy people on something the same terms it has been ofrering to constructors of public works, namely, 4 per cent interest with a long time to pay. Such an offer would put millions upon millions of people to work-AT ONCE. *tF*

In the meantime, with everyone paying the same price for lumber products, the reaction of the lumber industry is a thing that not only the lumber folks, but the entire nation. must watch with anxiety. For the fate of the building industry and the prosperity of the nation are closely allied.

I believe that conditions are on the up. I see sorne industries that are faltering, and others that are staggering, but on the whole I think things are better. Our morale is better-and getting better. The entire world is recovering from depression. England---so I gather from what I read-is showing more improvement than thre United States-without codes. This naiion and this world have known many panics. Recovery always came. It always will. We might truthfully quote the words of the late Monsieur Couie and say: "Every day in every way we're getting better and better." We ARE. There's no doubt about it. Whether we get there by reason of the gocd in NRA or in spite of the bad in it, or regardless of either -is of secondary irnportance. We are apparently getting well. Suicides are falling off. So are failures. We can point to a variety of signs of improvement.

Let us work and pray.