MODERN ECONOMIC STRUCTURE

Rotorua Morning Post, Volume 2, Issue 320, 6 September 1932, Page 6

MODERN ECONOMIC STRUCTURE

C. J.

TUCK.

(To the Editor.) Sir, — Mr. Vaile certainly has issued a pbantasmagoria of words in his iast, letter. Or.c would ■Hnnk he had been reading Alice in Wonderlund, or some such fairy tale, and certainly, after rcading his cause and curc oi* unemployment. then his latest atiempfc at phantasy. Oue can und wstund the mental oontortion« oi* an othefwise llkeable person. Mr. Vaile oays any band of robhers can enrich themselves if strong enougli, but wlietfcer they can carry on is another mattcr. I am pbased indeed to see Mr. Vaile write such chesring worcls. It is what half or mere of the I'iople on earth are saving lo-day in regard to the financial Molochs that are, or have been, violating the eighth Commandmcnt (of course, Iegally) end 1 it seems to most of us that bocause of tli.-ir harsh mcriiods, they cannot carry on. Aguin, if ihe modern me hods of finance wer ■> sound and equitable, why are financiers in such a morbid stalo. If they are sound, they can defy any rhher meihod in the c ttain belief that their method, wili uud must prevail. But what do we see'; Evurv nation but Rusria in the "duldrums*' of poveGy, and wa.it. stalki-ie upon us in a land of pienty. Money being Icnt on shurt-date loa. s (Hereld. Saturday) hy the Bank of England at 17/G p«*r eent, when six monlh.i agc it was around 6 per i-rnt. Som-thmg wrong, Mr. Vaile, or why such a drop? No amount- of vevbosity or excuses will alter that fact. When it is all boilcd down, it is the people'? ability to build that creates all assets and they are liable — not the asset — for liquidation of any debt eontracted. So to uphold my reputation as one of the robber hands of humanists throughout tho world why are trying to get equality fnr the masses, I must carry E. E. Vaile aero.ss ihe burn once more. j Perhaps he too is beginning to .- ee other methods than by juggling credits. I. like my notorious foi*ebear, r.iay convince Robin 0. E. Vale, that my methods are as good as his own — I am, etc..

Rotorua, 4/9/32.