TWENTIETH ANNUAL YEAR BOOK— PART VI 533 



of cheap money. Perhaps, never in the history of our country was a 

 man burdened witli long-time debts able to pay these debts so easily 

 as at the present' time. For example, a man who had contracted a debt 

 of $1,000, ten years ago can now repay that debt with a dollar whose 

 purchasing power is about 50 cents. If, in some way, the wage earner 

 could be induced to spend these "fifty cent dollars" in payment of his 

 debts instead of for the indulgence of extravagant whims, he would be 

 in a far better position to face any reverses which the future might bring- 

 to him. 



