It’s Always The Economy
I was recently reminded back in 1992, when Bill Clinton was first running for the Presidency; the news reported a large sign in his campaign offices read: “It’s The Economy.” Now, nearly twenty years later, the economy is still a big issue. And, after reading 1936 copies of the Elk River Star News it becomes apparent that the economy is always in the news and always an important issue to consider in our local history. Back in January of 1936, a major headline in the newspaper reported that the federal government was preparing to pay World War I veterans a bonus for their service. It was estimated in the paper, although probably too high, that some 300 veterans in Sherburne County would receive $180,000, about $600 each. All of this came available as a result of the World War Adjustment Compensation Act of 1924. Under that legislation, the federal government issued bonds to veterans that could be redeemed in 1945. With the crisis of the Grea...