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To The Editor of the CRIMSON:

The President of the United States had the political wisdom to quote Benjamin Franklin in a recent speech. He referred to Franklin's statement that wealth was acquired by honest, hard work. But he failed to add that one of Franklin's famous maxims was: "A penny saved is a penny earned". If he had done this, however, he would have contradicted the policy which Herbert Hoover's administration initiated and what Franklin Roosevelt's administration is continuing; namely, that of encouraging the American citizen to get rich by spending. Fortunately, however, our President probably realized that Franklin's coffin was too small to permit of rolling over within its confines. V. H. Kramer '35