University of Virginia Library

Fiscal Philosophy

—Ed.

That which has made America
prosperous, that which has wrought
the American industrial miracle, has
been the spur of profit. The spur is
powerful and universal. It moves
men, it moves money, and if need
be, it moves mountains.

It is the catalyst for production,
the energizing agent for job opportunities,
the incentive for growth. It
is the priceless ingredient! And perhaps
most important to our young
people, out of these profits come
the taxes that pay directly for all
state-supported schools, colleges
and universities — and indirectly
through gifts, bequests and grants,
the money needed to support and
expand all private institutions of
learning.

So let us all, young and old,
properly understand, and proudly
pay our respects to the profit
motive.