The following is from "Labor Paper', Washington :
How would you like to make 11 millions and one half (dollars) in one day, while sitting in an easy chair ? The New Yorker Magazine says that's what happened to Charles Mott, a director of General Motors Corporation. When G. M. Corpn. announced its recent stock split, share values shot up 14 7/8 points on the New York Stock Exchange. On the basis of that rise, The New Yorker calculated that Mott, owner of 800,000 shares of G. M. Corpn., made 11 million dollars and a half during a single five and a half hour day of trading on the exchange. Whimsically, the magazine added : Mr. Mott may have spent the day in a hammock, or lounging around any of his 13 clubs, but he still made eleven million dollars and a half between 10.00 a.m. and 3.30 p.m. Then the New Yorker asked : "Is this a record of efforless earnings ?"
Editor's Note Mr. Charles Mott doubtlessly belongs to the chorus of those who object to the Social Credit idea of a "dividend to all", on the basis that it would be something for nothing !
Dear Folks :
Just receveid a new issue of your paper. By the head lines I can see that it contains wonderful and inspiring items.
How people throughout the world do not revolt against the tyranny of the Money Power, I cannot understand. The explanation lies undoubtedly in the fact mentioned in one of your issues (Jan.-Feb. 1954, page 7), regarding Social Credit : "People cannot demand it until they first know something about it."
May God help you speed your work in introducing a sane monetary system. I have been helping in my little way for 30 years.
I take local publications, and also the New Zealand Social Credit paper.
Yours sincerely,
Frank MEALE, Tara, Australia.
Dear Mr. Even :
I am delighted that you are now publishing "Vers Demain" in English ("Social Credit"), as I can show it to more people.
At our Conference last week, I showed both "Social Credit" and "Vers Demain" and told the members of your wonderful work in sending out missionaries to so many places throughout Canada. I also showed the number 6192 of your subscriptions got in one week. I hoped our members would follow the example. "Vers Demain" is a bright, cheerful paper, well set out and printed.
Both Mr. Marks and Mrs Graham, our national Secretary, appreciated all your remarks (in your letter to me). The Social Credit Association here is our parent body. The Political League is a very popular offshoot. They are full of hope about the next election (they polled 10 per cent of the vote at the last election). The Spirit of Pentecost will help us to act aright. Yours sincerely,
Adelaide McCARTHY, Wanganin, New Zealand.