Ontario Community Newspapers

Oshawa Daily Times, 31 Mar 1931, p. 7

The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

THE OSHAWA DA OUR DESTINATION IS 1931 PROSPERITY STRE ALL CANADA, and the rest of the world for that matter, has been detouring away from PROSPERITY STREET. We've been groping down dark and un- charted lanes. . . Over-production, Cheap Money, Heedless Speculation and Easy Credit . . . these are the by-ways we have been traversing in our riotous ramblings that led us to a blind alley of Depression. The great trouble was an excess of Cheap Money, making it easy for everyone to run into debt. A wild stock market was an- other consequence and Over-production an- other. But great forces are now at work generating We're getting used to doing without Cheap Money . . . this return to Prosperity. we're adjusting ourselves to rely on savings, both in what we buy and in what we invest, rather than to gain by the hysteria of Spec- ulation. . We've come to realize that Over-production often meant hurried production . . . the slighting of quality to produce volume . . . to hide cheapness under the veil of Low Price. But we've changed our tempo to produce quality rather than volume and that in itself means more substantial value to the con- sumer and fortunately the re-adjustment is attended by lower cost on better grade com- modities. For the past six months merchants have been selling more than they have been buy- ing and the country has been consuming more than manufacturers have been pro- ducing. A situation of this sort leads inevit- ably to a spurt in business with the ensuing result of Prosperity to wage-earners as well as retailers and manufacturers. beckons us all to turn the corner into Sarely 1931 is fraught with promise and ) PROSPERITY STREET This page is coniributed to the undoubted upward move ment that is already noticeable, by The Oshawa Daily Tones

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