Life, 1926-02-18 · page 15 of 36
Life — February 18, 1926 — page 15: what you’re looking at
What you’re looking at
This page satirizes post-World War I economic policy through a dialogue between politicians discussing debt repayment. The cartoon shows figures at the Metropolitan Museum, with the caption "Well, what do you think of it all, Aunt Edna? It's the most awful, sinful waste of money I ever saw in all my born days." The humor juxtaposes complaints about wasteful government spending (likely federal debt obligations) against cultural spending. The "Lecture on Economics" section features Mr. MacNabb and others debating whether to settle post-war debt on a 4.10 percent interest basis over sixty years—reflecting genuine 1920s fiscal debates about managing war debt repayment. The page criticizes political hypocrisy: politicians denouncing waste while discussing complex financial instruments ordinary citizens couldn't understand.
📄 Transcribed text from this page (OCR, searchable)
Machine-transcribed from the original scan — historical spelling and the odd misread are preserved.
Lecture on Economics OW, boys and girls, I su: have noticed in the papers that lot more debt con © you rs are try to fiddle arc ing over to this cou Very well, th the procedure. No, Cuthbert, you not leave the room. Let us say that this deleg pens te Teacher will ex the Peruvian headed by the Prem we shall say, is MacN Nabb and his of Secret i few minutes and ( Minister, has a date, I'll say I have, coming serious ness call, y a little ace “Oh, 1 woulc now,” replies Mr. Mellor the truth, I'd forgotte Besides, I'd rather than cheat me o1 This is the “In other we says Mr Il you take it now or with a smile, wait till you get it?” When the general hilarity has subsided, he continues of figur hing I was sc here's som out in the taxi cor laying tech- a 4.10 per nt and ac- four years, to your place. nicalities a cent, interest crued, over a period of six post-war debt to be refunded with in- terest of 3.5 per cent. after ten interest payable for first ten years | fixed at arbitrary amounts on Class A , securities, no dividends ¢ stock and with registered serial bonds and chattel mortgages priced to yield par, How's that?” Swell!” says Mr. Mellon. took the very words ou 3 of my m File out quietly now, please, childr and don't neglect your home work. Tip Bliss. ADIO SIMILE—She flung his love away carelessly, like the Radio Section of an evening newspaper. AT THE METROPOLITAN MUSEUM WELL, WHAT DO YOU THINK OF IT ALL, AUNT EDNA?” Edna; 11's THE MOST AWFUL, SINFUL WASTE OF MONEY I EVER SAW IN ALL MY BORN DAYS He Was a Veteran Community Spirit AVE you been interested in radio “THE man who worked £ long 7 railway com His “Long? Why, I can remember j people believed radio would im; the public’s taste in r nes people will find it out with his telling them.