The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
May 22, l%jk.
Mr. Balph E. Flanders, President,
Federal Reserve Bank of Boston,
Boston 6, Massachusetts*
Dear Ralph:
On behalf of the Chairman who is on a
trip to the West, as you know, 1 want to acknowledge your letter of May 19 enclosing a copy of
your able address before the Rational Industrial
Conference Board. I noted that the press accounts
billed you in your previous incarnation, but I
thought your contribution would shed luster on the
System incidentally.
I shall look in a Washington drug store
for a copy of that book you mentioned.
With best regards,
Sincerely yours.
ET:b
FEDERAL RESERVE BANK
OF BOSTON
RALPH E. FLANDERS
PRESIDENT
May 19,1944,
Honorable Marriner S, Eccles,
Chairman,Board of Governors of the Federal Reserve System,
Washington 25, D. C.
Dear Marriner:
Since you probably wish to know what
the Presidents of the Federal Reserve Banks are
saying in public, I enclose herewith for your
information copy of a talk which I gave last
night at the annual meeting of The Conference
Board*
You will note that I was not billed as
President of the Boston bank, the arrangements
having been made before that was contemplated.
Sincerely yours,
> President.
A.
Enc.
• v
t
; .T'.T
r
r -•
•:-
\
" :••
'
Kay 1 • l i
tuition
ttaalfdi^A i t i w l f by i t s
iriftlt flat viamlif t It £r»*-tt»*t i f ¥*-r*»
• '
bilit^r to r>roduee t h t
IUHTS
M l f Viatfti tka
^»% i*«r® tra »r« t"bl« l« ^rodiaew sad
At the figjhtiftg fronts of the mrlri n i l thfit th« f i ^ t l a s iiffWM of
•«& mmiy i n setiire enw1»at«
$h« singl® H I H i M n t« thi«
is* t h - iwo^ly to ttkfl fiu'tiatf fr*>at «if A«iair«l«ft 0-in® t aad th«t ^mt>l«m l«
i n ftetiv« wfff t i t «f «tXnil^ttfl
f®r «v#n gr
H i . i •••
4
ftto»i«*hn«at
i « ouy a b i l i t y to do tbtt
i a g h ? s %^
Kstala • r * l l
high
XiTia« for the eivi"
wait mn for v ^ r .
••in h^^ not, b«wn a.«ft« irlth
faaHI
* ifli ir
L«t, «tad of oiir l»?*«ic A«^aanit t t
r
y of th- Aitl*«iiti«M I t i
ation i#hich *m vil*
Ml
rhi* c^«»* • r t i i « v « » n t #
4 th
I t : of th« r con-
in th^ tr*-m*itl9H b t # ;
Jbftm i« AOdth^r »inil»r t l g l t f t f t
|# e^rr." on the w f
th«nieht lo thi» -Huttvtir 'nroblew i
•
in«ititutiont«
»'S« l» th*^ inlnd of «JT
ton
.^««»
tMM*»(
•t^niimi«i- l«
I!
i?rh »t I
i t .«?T ft t i l l eprryii*g •'Jft th«t var«
;o i « doing hi« I
I th^ vr
-71*
t l i
*
!•
I
;
MptHM v i t h th
©nr bs«t tfftrtt in Ihlt direetioa to Ife* hmoraH
t%-
b#i«g r»tum<^ to
effort,
a
As I
r «tmi*atht« IM fMBltfrtfi
1>f?ok to «« In 9**«lllag n«nibfir««
f t Htwuen fflM .
*»r
Wwst ww* and
At t
vtll
th«
I , i t wi
lMW< » i l i |
i%» our 4«b
M •«
Mr «o*il«t I t I t vt«# tlist Www of « t ^h" ?>r« In
wrtelv^a- fron t i a e I t tims of t!i*t p*ffi<
It M
Jlj
in vhieb. f.
I t '•«»« s 9 * H i
A o u l n t n ^ t ^ i n 1<> .
'.<Hl bA%w>9if!!Si ^<yv«innMKtt iflfl
i on MM vhaTU-% M t t t l t l ^T* illMMi
t
It
l©l^s#
in dlaast^r.
If th
th* f i r s t
-vnre^^snt^d "r-
, • la th" i
1930 ^ o l l t t e * ! ftaa^al£l| w^ ®ast tn« to tfc th^.t mir
'im\ fi0m;: ie:;.
to «^tnrtthU|g \fti
<^Xc? if not
of t*w» # t h l r t l ^tfaXmliiAt^dl a •
t^if* ptflo4
m, top
-v:'5-«ont inuod si»«* «»««nlo,fw«iit*
>*t oJMiiher lon^-«*ten
tfjtffttn
it • • ! It r
tUtttt
Wl iujtl^l
i i
' fe In riol^nt -•"•-liti^l oh^agGfi far mf M%l<m«
ItvH
•'. •
«i
•
,
if
^r^^nt v i l i not
It It o a t y t for
.-^nf#« t o r o T t t ^ * <aid 9«rtoaftll%i«««
••• l l t i t i IHMI tNMM M i
'-*lwm »1
•
Wt ftanaot h«r«» ?*»f»th^r n t h
*»u$
of
without tianltit i*t%fttttlt« of o«P
v».r«r th"»i
UM mmmrm* tnAtvl
with ^ o t t - ^ ^ r --7
\ \*f
*« i n
Mi^ool^tiftn^* **a
*-*w£t I r^^* b«9l
Intnd vitK t*^^ 6«>CBSI%%#« f o r
i t Ita CH)t *hieh U *n^m$tln$
«n f m « i t l attntife en HM <sw>l»lr%
••
H* mrte I t ^i<ri-i$<t into i^a i-ietlojis, of
which «*« f i r * t i t %hv utisml^titm of iaUfl&ueX iadwitri-"*-, e©*r imi*
firm* tft m»»lc^ their own ilflM far tfca * :>*t-^?»r p f i i i #
Ifeis «H(ralfl lw> 4sa«,
fh# 1-n trl
Jt l« MigfcXy # ^
not - i l 1MS iNs#lit^ #
$em of
Ve ov r-«nbitiou«| so*?«i n t >? . will hnv® to hev# th«ir <Ur*eticm
of events vliidh# at y?5%» i t in liar.o*ti%l>l* to t%*%9M9 Te-t th®
r«ttfttet far lfe# eaff4Nid«iPi«f df t
in MMrlo^A bunia^
i I
| •fcftlft*
Irit of da*'
.ah «r# ittttii
hiilf of tl:« votfe i f |
M
so«lal t ^m1 ^olitie^l in«tttntl<»iif
^
HI
M
vidtefftl «it^r^rl»» n** niT*> It th*> b?»«t dhtttion? »f
th* taric or »#.iat*ininc hl^h •ra?>loyr»entl n n»dnetlcS MM e8»«a^otio«
tnd,
?h* c
th^«« »tttdi£v? in ladi«^te<.? I f fhf* l i « t of
to b« n^e^f1".:'^' of «om«i «oluti9n»
f
WIJ'WJ
'?o«t of
Mft « l » » 4 y miWish^l or
or r?^mth«,
for th
0«>n"
|
lVwntfMttl«#Mi
Bitvalillir---tl-^n o f ii H I M Oontr^la*
r
'^>n MM!
- -
•
•
•
Ition -f Batimott
Pol l e i *t i t the Pi
•
at*
O|h#r itadiof ralatlTa both to %kf fcranoltim *w* Hit long mn nfaa
«atlv«« f
I
tra^i laiilojraaat and.
iraajiai «
> r MM *at«
v
I
r>ti
l» s e d i t i o n la tiki*, w# h**T© ?;ad«r a-msl
I
r-w» of
of long ran
B i l l i o n TVill
I
In f^elae thr* ^rabl«r- i f l^r^o»o««l« ©arloynoat,
*% iMMNh of noc^'1%%
>t« h l ^ «
OIMP
MO* !•*&• fl»" fro*" fir- in f4S n i l l i o n
on t A
•."»mil onte»n£ of 1
«
I
to 140 billion-- of^dol
l i «dmitt#dly H l ^ #
M
f»Ui l i for
, ifil
r <if noedfi and
fo oat i t f9tt^3ri^il-- lo- -p I
bio voltt*a of «uMR*>la^mNit i f
ndofowr l o ^ftnt,
MPP^>aa l« to find «eomii of ^v^ldlaf tli*t e^l??m;ty*
%•'
"^mloysoat tofc$>fwB : : i
'
Olviavslyi « IOTT* *»h«*r© of
I t w i l l h«?a t- l i amfidad i«i ia£ti«try t a»d th» awiteot V» >•
|
Hl^h otoadard of liTiag for tH* r*eo^l« of "?uy m ntr
Ailit
itflDili will ao«« fp-n foreign tradii
i.tir< aofta«a9%ia
eom^- ANM th** «»riuii
^
1a of tha
i
I s^mst IN? e-r©f*v* th?t "<* do
t?> or c«a earr
^f ar^^loynont i n th^ i ^ s i - v » r WiV'UU
t
1B. .*,ny
i^a v l l i
-^"iiea i« n highly Corralcnfti! rornr>^,"% Mngl-i .
ac*t will bo fmiikl in thl« f|«^1
t
i f ifiav fro
i <»s^«!ncioii
-*nd WMh ©f thf ^«tirod conmr^tton of our
r
•r
ftf
t r j n r i c ••
•fci*l t
Ifct •aawwBiit
to b« f-.aad I
••^"* ^ l r l t
• • '
U
' »m, on-
otcii*i
'
I
" •'' •
th4MP
- T ^ - i ';N"-• ••:"• K J I t l m v ***
••
i. •?• ••• • '
i ala#ie
•
'
I
t i ^ M r^n tti thffl iw>4ttm«»»t?'-; sit
otor ha* tn*«a III
nth f
in
t n o t * ^ HKVOH I
%
-«t of tn»eti^m .-n ImAn^trttl HMMiM
indrafte
%h-'<r M M
•
•
•
.
;
•
•
!
'
v
•„
liffM
•
of thf?
iii •ddilion to that «f t'
•lfu»>ii *
it
'3 tfo*
% s
I
•
in
;I
fim
%'r
oar fammMmt*
"
A ganTwtloa
aa4 aatiw^vri*'?, t^tf-in^nf lo i
,
in
^fftn^frit;.11 of th*- citif#4it of
p!
.
i t ifflpot#i1)klr- f**tf Mi« lwi«i?^*f irwir
:
1
•
-'
„ -•% of 11
•7
$&mtr-.iiiM\ ajaif
?h^ fc»rsistl^ii»ia o f a#«r l*« -#>li<*
rjAn?-
rx*r*it the f t f t a
rsotiironeat far
I «nt#r^ri»« end of btxftinofi* m n i f t t j i i e i
MM I ^ M M I M I
of «*?.lo3m#nt» ^radnfttitn, *n e^fitutm^tian in
I m l feno* •© amah rbaut the rent ©I th« IMttlPy *« * 4h ftfeont
«r%r *ngl-*i i iMl
I
-^ 0^ «!f a*fi region, I mm s W * that
i t It folf&j ton i l i a * wlHi m^w tfl—t, n&--' -r®$4G%% n<w IstmitieAt iihieh, la
th« ni4 digm, noal^ haws twmA flannelnl intdkla^*
Ii
«nt
-t«r wi-ilu visttil? im^^ort ttiN thla^9 in %hf* viiy th»t *«
r% and fwif»tli»Tt<
%rtt ^ - l l , MN «lfeol« f!»*aei«il
af thft xv^glan ^«n b^llt I t s e l f i l t t l tho nms «ltn^tlon«
11 s ^ to IMI •*»#»«
lifM
:
-T- Ml ^PM ^P^ 4t»*f «fc$ 'blind v^itfi u««d
t
ro*r>«!fw« »4prlcttltur« iff -v tMftatiy a w M ! ! * ! for
Am* i * •
Bat t
'-$m$rm% in tlv-1
• •:••# iih«^d of tiiit i t I
thr--t r^iC'X tr«a»forr''tioa» w««t bf» »^ii©#
L^l *%m
»«te« not? t|fn#« of mtupfceU for taarleftn ?vrie:at\tr^.
It v i l l iMt^-en tht
foreign a^ntetss for mvth t t ^ l o i mp vlioat s*jid cotton %fith grwin^
for tt hi<#ity ?»r«c
,
H» ?mstf ftirth^n&ore, oon« |e
«4prie%3ltur-«
•
• int^rmml bal^iioe bc>two#n industry
i t s to th«ir
It cfua vittidrsv ftjji th
It ??nd «
- » i l «^{f et©&«s of lr-tnir ffJVit not thnr*i
tett
&• «rir A-^T ^A-'-in<m«*^«iiii^ tb
t l t t
1y
>r> liMMPi th* ^««i«t«>jie# if i r"e<ttwy^ in tve
«n«? i t e^a f^irai-vh I dfefi
in AM
ivy r>rod^ :-;. .
;'••
lh«r© «Pt limit* to the (-mount of fooO «k|(
ft ure no VMlt elrB^
:
for t'-
• uots of t^e totX«
Itt^ i t v t l l
La t"v i«Haji>1 HMajpHH i M
wm MM «^rionlttirm1l frsn-. v i l l «#ia»it «t tho
in
'&ogni»»<l MM o*foj»t«>raa an a n g l w i i i
1*4 of l&t«iift|p«t | f § noT«a»cnl ^wt»m »• lMflU
to t»romi>tm6« i t
ptffc
fh« i n i t i a l " , «i*»jttl for "BftlMWA % r l e t d t » * * ' i t * .
I ntf.t<w«tb«tdi*ftd sHwrnmt t« taring
»»« sun
sa g
i^tioi -.
l€#
Shis mm bnlaa««i b#iw»*a £,-rleuitur0 aad industry ©l^uld p«mlt
a Wtfl rsKPu-d % tlw ffer?aer far Ids oooupntioiu
f
in titttlth t'.
pH l i alr^t
re&lons ar« » ca©« la paiat*
Tlioro am
:.» thi iitato of Iow»
Kt MM w i v i s i t the easapue of J « »
C o i l ^ e ftt /%a»B without twilJLx
tIsat
!i
®
is 6t
^ ^ i'oufrtninhiuui @f
aa t© tlw dignity i«*4 wt^r^i of l M a g in tlm ©oil l/HUh thmm ovo-
th» iteemv*
A*
*o UN #stent t$*t Ule cwUriftl oooditloa eaoi b©
nourisSxMnt will be provided*
fm Bmitk^mat will J
f
I
beooae a part of the education of t l » youas, if tl*e Jkrsa Is to perform
i t s ooooooio fumtloa* Especially suet this bo trud if i t is to regain and
rettiia ite old-tkae plao* as the aurccry of leadership in American life*
S«OB
f&vor&bls Claptons haw appeared* In ay cm country for
instance* the boy© In tr&iair^ oaiapB and overseas are writing back to the
folk* at bane «3cpr0Lsi*\: tli© deuiro to return to the ^ana ratlwr tiian to
out to aaka plaooe for t!iociwilv«c in tl» oitl»s«
oen b# plftoo oa tliia*
Hot too much do;»o;uLo.co
It my hm in part t l » natural iraa»8iofcr»A«« of tlm
boy Jivisis a Xif« ^wl^fio oirory aoa&ition and whoso otms*;/ inov© i s doterained
Tor Ma £r«a dhow* m a l i f e isi v*liioli ti^r^ ie no privacy and l i t t l e private
initiativ»« ' f Ai'tlmpwu'iiij ti^u;;U tlie stf/.tliawit be &ore exiduria^^ it oarnot
b» ejected to porsiet itilete our eooniasaie etruoturo is such as to ;,iv© i t
a solid foundation*
As to foreign trade* i t i s ay Uoliof tlint a dependence any b#
plaood upon i t that i© at ox*** too broad and too shallow*
The solMly
elements of Qejr farei,^i trade l i e in the exports of mse produced durable
for porsozwl* household and buoindss use, aiil highly d e v e l o p racau^uliraeixt* in th ce tliiace «e can ^ivo taore value p«?r dollar
any ooi^)etinc nfittio:u
• *jyu?t aatH
ffl
nosltioa*
i t i s doubtful
'1 ...! old ttiapll •e^ptrtfl ef % k Rl Mel MldMI MB •rtafefc&l MeYlV .^•'•t"nor in i t clear ttmt tlney 0mMU
As explaiiiod [>reviouely# our fame at
be devoted to sioro highly prooe-ceed products*
These eacporte la which we are fitted to eoapete can be in such
large volutae tJAt ti*ey will suffice tc pay for a l l of our needed iiaporte
(of which th re ar^ aany) and for certain dpeolaltiee as well # which other
peoploe oan produco aoro skillfully or zaore artietioaliy than we oaa» Son»
of these iaports any at tiaeo imve the appearance of displacing our own
but that isoio ^ U l mt bo raieed if our cnai internal eoonos^r pro-»
H i proper sliare
It pros'
I
oqplo^tasnt*
If tlwit is
MMt of ttH political pressure B ^inet lower duties &ai
greased foreign trade wi il lose ita force*
BMo l i MOtfthstfv<ay to
the prossiar© for the restraint o r ^ ' f e l y i m'c.iTtu
Theee <ib8«rvfttioiuj raltito to ti» Qorn»l ooad itiono of
cmc poet'<wnr nor Id* Thm^jir:- onu'li. ::i oxtracirdiaiary 0014,
1 Auriag tin©
period of r«lmlii.Xitation tihMl will ctill for & oart&In wapwit of outr%l:t
Sift and a e«rtai:i aatjuat Of capital a@sittftr»o«
Ai tiao ^ooe cm, and
rseourooe of the occupied mglwn are seen aar© oluarly, tlie^e -U/o
tend to dlaiaiiih in ^agnituda iYoa th» fi^urec miloh filled our
a yo^r or tm ugo* the capital expenditures at any rate t ali^.-^>i outside
ths routine of regular hw*Gtomnb§ should in the lon^ rua be af such nature
tlutt tha;/ pay for thsuBelime M i feeooae safe tteu^b slow h7<set:»ntc»
are looking tlnan for a po&t-vsyr wrld of high eaplo^wnt# h
n4 Ixi^i o^nsunptioiu
A ft*y Xarsopsroentage« however, of
return from tliie promotion will have to be diverted tlirauga
devenwsntal c^nuuiols* f*i» Federal budget in time to
(
under
party adj*fcalat»red aoA with \v:nite^»r etr^otaoea of ooiiferoi and
oasxiot oeoa;ie beirjg fbr hl^bei1 tiwja tJio peet^uar citisen v^uld liar© deemed
;'0£®ible tW our ooonoi^ to oridiiro.
1'hoiTi will be new requirement e £MT an expanded poaes^wat* araiy and
ttBlpl there \illl
0 urjkafnei requirements for bonusos# education^ re-establish*
s»nt # oto« # of rotumed soldierc»
Tbare will in partioular be tlmt six
billion odd dollars of intere&t on the national debt# 8o«e statisticians
decided OJI Zo to 2S billion dollar0 annually as the
with w>r* carefully sharpened pensile believe we ean s^ueese by with
18 billion* He responsible inimst^ator onroe to figure the ceaouat to b
mush less*
xo
These figures oean timt as producere m cimll cpceul a
oaseti pstfejejutafls of our t&» working for tboee wimve ordinarily think
of a n®»-|ro«Iu©«ire* just as «• work to support te* poliaecien, the f irfcaen,
mad tlia ©ohoo! isystem in our loo&l ^owrrsaente* &f ©oure© ths&e are not
really nos»«produeers# for in then *e buy safety, protootion amd oduoatiosu
H i l M ar«a0 haweyor, in witioh we IJAVO looked wltli lees sarutiuy on tli©
-wvluo w» got for our dollar tlwa It tfel «»»• wlien we do our puroljfeslas at the
awrket or the depar^aaat store*
1© t)u»Ge socially ^oduood goods and
©erviooe m^t siat b«s ragleoted they xiitt aut get too large by d©niult#
M w&smab b*e been imde as to sargdee on the debt tbat en
enoraoue ccxm«il iatei-ect pa^eht does »E» harm *laoe "**» one It to
i&fortumtely neither you nor X nor a^u-re oU« exoept the s^tliioal
oltison balanoos his tax contribution to debt Sntareet e^alaet hie into rest
recol^ts «.e a borKWwldsr* ?ho faot tlv^t six billion* of doll^rst aar© or
loa» t will 'JO roilictributod by wlitt ari» e«Me£td&lly arbitrary a&ftas instead
«f by the processes of parodwot.'-
I tabula am&if tlmt unpla?eied for uia-»
looatioiic in our ©conoiay will be set up*
?H£& fact will sa&k© t£» ectablislv*
zaent of & «tr^>l« m$onoogr aore difficult in the *&rld to oo&te %lmn vmn
Gktm in the world that mis*
ihic thought returns us to tim problem of
and operation in tlio ^orld to oo»^« ?;•» l l e t of r**$are2:
re<a«l earlier ladicat^a the ooeplioations t. solved ia liquidating
find loado to 1iM» cueploi^n t*i»t It will bo ir%x>©sft>l» and perhaps undesirable
to go eas^lei^ily baok to the de^reo of t eodom £roa Federal ooritrol whioii i«»
enjoyed a ^eneitxtlon i^o»
v<e is*
Mel MM% | i fefeeli &® f^* as wi oan vlthout
volusie a;-sd stability in our cv^loyinaat; and production* t»<jsa© decrees
u
«T oontrol we cwt retain, earn new eleaonte we met fcweat
Awmg thase olor»nts are those •••i.lelvvflXi'frs to MiTktcniflo^ for kw;
ooonosale a»oiiir» acre nearly
&
l&aae tlmn wo succeeded la doir^ in the
20* g* Ml m y reasonably hope, howler* to li^uidato a ;rtmt j_x?rocatftg« of
tlw oontroX t^iioli 4«v»lo|>©tl out of the d»pro&flion aad which
But with the MMNMftfty ^or »xr« oocxtrol thfcii « • Hftd bol'ort ooo©c
reiuiroaont for cesao £^jpdaa»ataX oimn^ee In our Gw'V«-?rar»nt« Tim balance
by th» Constitution botwwn Xec^Xntivo# tuSsaiaictTRtive end
pomsrs any aot b« fitted to pm'ftm t l » hli^iXy toohziical ap©ratlonfi
viiloh tlie prti ?nt 623d tls© future rQ<iuir«i# I t i s not possibl* to dc^oud
O lo^lelation to dofixio and o<Kitrol f w K l M t wliloU ssmst bo
to «uSd«n ohfta^os in balance of our economic ataruotur**
ciuct bo plaoed on tecboioians*
ltor«
^ » pNfelM of glvinc l«wir to
toolmioians witliout toliisas tli© dowihill road to taa t o t a l i t a r i a n stato i t
* prafclm «hi0h f» wuet fac« and colve#
In ^enoral th» aiuneor
to 15* along Ifet broad lii^ec of adsaiaictratlv* bodtes ©trt u^> by
witli pnrpoe«« and areas of policy d of ln*d by I«^l9latio% with «aoh
politioal adalnictration :;ivwi i t due fraotioa of p«r8oanel to a|)point or
r©appoint said i t s duo power of iiifluenoe oti lo^iBlation for altorinn
or activities*
DM dotalls nuct bo left to tootxiJLoal ooc^oteiice*
Tlw
ross and tiM A£fciiniutr*itiou mi^t taittiutelves ^ain tins self dleolplliw to
allow toohaioal ooqpotemMi froedou for the oarryli^ out of Inroad t^oliciee
itUoh ts»y thewHilve« doteraiae.
Uloos or self intoreet auct likewise
develop coif diooipli:io for tiielr OMII lnr t ;or liiio^«cts»
ardor but i t Ic t$» pride of progress ana stability*
'*iiis le a lurge
the blocs of sol* iuto
Idah itm will sa®et, aside
the ancient seal mow eafe©bl*>d bio© of business interest, will be
the* self interest of SOQI&I security* 1% oust be prepared for a mfe
elusive degree of social e*ourity in tls© world vm are coning Into* This
Is a ooroll&ry which arises iaaedinttfly out of a degression in whloh our
Industrial ©co^oay ral&^eod Into ooaditioae l i t^iloh tb» Lndlvldual WRS
i
»
' « eaaaot and elKJuld not #6oa|Ni the re&ults --iich our failure
upou uc#
3ut imsroao«d social socurity bttlago Its owa probfoas* partiof a n^i»al zmtur«« People as a vital* aay t%t^atlYdly tmd unfortunate*
y
<^i social eeourity a« tlielr aaia d«p^jd©«©«# tlwr«*by losfcig
Initlativt and a*i>itlon, ami l*»pl\; to piok tli» fruite of inaustry and
oaterpris* IVoi^ tre»e
.
it gardo*i of tdl«*n*is©»
tb» ro©,a ta this #v»afc
Is -a- broa^dowahill c^ftd*
oa tl»» otltor iiand %tofT« ie tlie possibility that this broad«r
gooial e« JMTlfey way be m4o t2io f. . i
Ion of a mew spirit cC
LUl ti*« baeSc ©legate of foodf o l o t : ^ ; i a i slielt©l^uld i»>t tl» young people of tlje future be mere will lag
to risk tiseir tbw a;id energies and their reso^ces on :ww and doubtful
ua&ert&klngfl tlmii they h&ve been in the rooont pastt
tBxlc road is
narrow and i t io up M i l , but ie full of interest and exoltaiaexit* How
ean we d l ^ c t the youa^ toward i t t
1 reomitly purai***d in a HiKYork druc«toroyon a sudden
iaj?ulsof o;io or tho iaoet re—rtoble books of ox& tkm*
it -m® a UNrgaret
lisad "c^aibus11* 1 was attracted to i t because 2 bad been i
con© ef her earlier works* As re
:ed in
. youfeaawshe is an antiaropolo^ist
of rm&m ootmected witi-i the 3Juseua ef Ifetural History here in Hew York
Clty#
TM sl-aifioaat thina I
i I book to m was a series of
sous between social srgraisat U£W and ideals and the personal morals and
ideals of a group of tribes in lev Cru&jea, in the region in which the
recent fi^rbing has occurr**!* Th^se trlbos were olosely related in blood
aad in their physical MMFtqatfeigtg yvfc tfasftfc institutions and
Itioe ranged iYosa the «ffenin%te through th>* Ideal lot io to tl*e blood
ftal
In eaaniniag the causes sf these strange differences
to ths conclusion tlMit i t I«IE «,11 dan® by tJ«0 kinW W
loosed by UM
|
"*» done by M,t!sdQ<rbri:mtionw» Wo May dmmr Jfrom
Imr ©sqxirloacd' oiiiiulugione which «i?ofeHJVlterrifyinu toi^ hopeful*
terrify**
beoause tiioy dieciosiistrute l i a mml\ ccalo ni^at lui© been done on a
ocale in Italy and Qorsmnp m hopeful because tiwiy lwl& out possibili t i e s e^ n ^e?Kiral ad^amse In tlie well«*Uoi2i^ of isiw next gene.iiRt.i.onf if
only ^e can agree on realistically idealistic courses of thought and action
Tarn hone* the school and th« chueroli nust work as one* Ti*
realistic idoals # purposes and attitudes mitt be generally agreed upon by
the nvmtors of the ooninc sin^rfttlaiu
Fron tills will spring tlw self
clicci^>l.lraj^iioti *m Imvo been spealil^ e£* From this will spring the
nolutlon of ths problems of d©a»oraoy in an evsir s*sr« casnlicat#cl I
teelmioal a^e«
Itliout this we take tlie broad and downward path toward
and ultlssite totalitarian subjection of all classes of
rrri
- \|"|
@FedFRASER