Toalay it is a moderato estimate that 95 per cent. of production is one by machinery and with every year that pasees man has less and ess to clo with production, You will be quick to observe that in such cir. cumstances unemployment must grow and that unemployment grows, effective demand will he decreased. The end, logically, would be that there would be 1.0 workers, no consumers and no production. submit to you, therefore, that our Present system does not! work properly and with every" year that passes will work in an even worse manner, TI is then necessary therefore to discover a system that will work.
Afior pointing out to his listeners the present system of commercial transactions in the cycle between grower and consumer, the speaker in outlining the Douglas system, said in part.
Tu his scheme for reconstruction Douglas declare 1. That the issue of financial credit should only be controtied by} the community.
That the citizen should be regarded a shareholder in a large company and that the company} should declare a dividend.
3, That the dividend must make the difference between the money in civeulation and the total prices} of all production during a given period.
Text read from the printed page and cleaned; old type leaves the occasional error.