Ke Alakai o Hawaii, Volume IX, Number 29, 27 October 1936 — "Stop This Fumbling With Recovery; American Initiative Must Be Freed" (Gov. Landon in His Acceptance Speech) [ARTICLE]

"Stop This Fumbling With Recover y; American Initiative Must Be Freed" (Gov. Landon in His Acceptance Speech)

American Iroh & Steel Irtstitute rep<?rted Sept. 28: "Operations in the stegj industry for the current advanced one point to 75.4 per cent of eapaeity, a new high sxnce 1930, eompared with 74.4 a week ago, 71.5 a month ago and 50.8 per ceht a year ago." Association of American Railroatis reported Sept. 28: ' Net railwuy operatmg ineome of 103 class one railroads for Au£ru«t was $56,090,777, compared with $36,833,000 for August, 1935. Thc roads included in the report represent 84 3 per ccht of total operating revenues." The same association reported Sept. 28' "Loadings of revenue freight for the current week totaled 789,510 cars, an increase of 12.8 per ceht over the previous week, an increase of 11.7 per cent compared wilh a year ago and an increase of 22.5 per cent compared with two years ago " The U. S. Building & Loan League reports that "savinp, bui!4ing and loan associa{ions tliroughout the nation rcturned $645,000,000 to investors during the first &ix months of 1936, by

iar the largest for a similar pe1930." Investors Syndicate of Minneapo!is reports in its monthly survey: "Despite increased living costs, the average citizen in July this year was able to p*urchase $1.13 in goods and servic.es for every dollar's worth his ineome would buy in July, 1935. Whieh !puts the average American 13 !eents per doīlar aheaā ot a year jtfl> ! Tlie publication Textile Wor!d |reported Sept 28: "Tcxtile miH activity during *the first seven months of 1936 was at a rate higher than that for anv correspondīng period stnce 1929. It was 15 per cent above the first seven months of 1935 and 12 l » per eent over Textile World's assumed 'n«(rmal p or ttie e4ght-year average (1924-1931) for the eorresp©ndinf period." The Assoclated Press reported Scpt 23: "Electric power p?oduc-t-ioh advanced more than seasonally expected to the highest leve3s ever recorded. The Assoct&ted Prcss index of electric output. with* 1929-1930 takcn ās 100, advanced for the week to 117.7

Trcm 116,1 the previous week 'and coinparod with 101,5 a year ago." Plate Glass Mauufacturers oii ;America reported Sept, 23:""More plale glass was produeocl in this country in July than in any other July on reeorcl," t The Naiional Coal Association reported Sept. 22: "Produetion of bitfuminous eoal in 1936 to date shows marke<! inerease ai\d been elimblng eveīy week staee Jxme lst. Tts niovement is straining railroad faeil!ties and via ihe lakes had reached a total of approximaiēly 29,500,000 ton s, whieh is an all-time reeord.'"