Indianapolis Times, Indianapolis, Marion County, 11 October 1943 — Page 6
Said: “We must keep in mind that labor;
Growing Stream of Visitors|
Permanent Peace, Two-Way International Economic Relationship Called ‘Musts.’
oct. 11 (UU. P.).-Jobs, |ernization of production facilities. t peace and. ‘two-way in- Cost of reconverting, he pointed
economic relationship | out, i a legitimate cost of the war | and employment methods of the
today as the three es-|eff “and reserves for that pur“musts” by Alfred should be permitted as a busi- | Jr. chairman of the board {ness expense ore of General Motors| He cited five major problems of p. i the second post-war period: “(1) San atidress 10 the Economic | The policies of government toward Detroit, Sloan urged indus- | enterprise; (2) the intelligence prepare realistically now to with which enterprise conducts its responsibilities when peace | affairs, not only as to itself, but in = i relation to the economy as a whole; problem of jobs, Sloan (3) the relations of business ‘With (4) the success with which Jobs are a result—not a means to|infiation is controlled during the an end-—-however desirable the ob- war, and (5) foreign relations as rte may be. They are a result affecting international commerce.” of the combination of capital, management and opportunity. The cate Liquid Amets Predicied lyst is a possible profit. The foun-| “Assuming the war continues undation is confidence in the. future | til the end of 1944,” Sloan said, “it
- As for the
Want to See Famous , Cleveland Firm.
“By JOHN W. LOVE Times Special Writer CLEVELAND, Oct. 11.—The glare of national publicity on production
Jack & Heintz Co. plants here is attracting a growing stream of visitors from cities as far sway as the Pacific coast, : If travel conditions were normal these factories and their 7600 workers, or “associates,” might be as much of an industrial showplace as Ford Motor Co. was for many Juss, Many of: the visitors wan know what Jack & Heintz a brought to their present development for production of airplane starters and other aviation equipment, might be used elsewhere, and how they might be carried over iifto post-war ‘industry. Bill Jack, the company's president, gets 20 to 30 invitations daily to address business
‘of enterprise as determined by na- is estimated that wartime savings tional weonomic policy. Thus, the of individuals will be. about 100 bil- | trend of job opporfunities is de- | lion dollars. A considerable part of | termined by the relationships of [this will be in liquid = assets—in the component parts. At best, a banks, savings deposits and war limited amount of unemployment is /6avings bonds. ‘Consumer indebtunavoidable.” | edness, will have been largely liquidated so that the reservoir of inPredicts Huge Savings | stallment purchasing pewer will be Sloan predicted that if the war | [ refilled. “Similar accumulations by busi- |
{are required first to write and give their reasons,
groups. Must Write First Those who wish to see the plants
Certain restricted areas are not shown. A few visiting industrialists ac-
Near cloud-capped,
cone-shaped mountains in the volcanic Aleutian islands a western base with a cargo of war supplies. This navy counterpart of the army's air five continents ever since its founding five days after Pearl Harbor,
Blane of the naval alr transport service wings Hs ways to a transport command has been operating cargo planes to
Plains Being Plowed Again, But Don't Expect Dust Bowl
elsewhere in the former dust bow!
“The per capita debt of the United States and possessions, as of September, 1940, aggregated $203" he said. “Today it stands at $935, and our
war purposes alone $07,000,000,000.” On the other hand, he added, Britain's per capita debt’ has increased only $57 in five years. It was $107 'in 1938. Today it is $164. He said he obtained his figures from the library of congress.
The total debt for the British at | the- beginning of this fiscal year, fi
J # . By ROSCOE FLEMING C7 ..Times Special Writer DENVER, Oct. 11.—-They’re plowing up ‘thé plains again but there are good signs that the next genera“tH tion-won't-inherit-another-dust. bowl |- out of this war as we did out of the last one. The plains must be plowed if we are to meet the requested goal of 16,000,000 more acres of winter wheat. There is no other place to plant that much wheat acreage, The government agricultural agencies have been advising farmers that, in a total war, land is expendable just as are human beings, and.
Smertly styl correct , . . comfort that Sizes 3 to 10.
For Boy
{knowledge that they first hated, then feared, but now want to embrace the unorthodox Jahco prace tices, One or two prominent visi-
- gontinues until the end of 1044, es- | timated wartime savings of indi- ness and industrial corporations are |... viduals will be about $100,000,000,- | estimated to add 30 billion dollars . 000, and that a considerable part | more. Superimposed upon all this of this will be in liquid assets. (there will be in all likelihood &|tors have taken great care to see. “Hence it appears<fo be clear that foreign demand: resulting. from. the. {that -their identities did not. become ', there will be ample purchasing | same fundamentil cause — short- | known. power already created to keep our |ages — plus destruction resulting | Another large group of visitors ‘enterprise system active for a pe-| [from the war, the amount of effec- is made up of newspaper and maga= riod of a limited number of years,” | tive demand being limited, however, |zine writers, including lately rep- . he added. by the nature of economic settle- | resentatives - of technical journals Sloan pointed out, however, that | ments of the war and the ability | Most of the foreign purchasing wartime expansion -of the produc-|of other nations to buy, or our [commissions have sent men to look tion plant and the general tendency | wiliingness to give, lover the works. So have several ~ toward greater efficiency will make| “Hence it appears to be clear national labor unions and & num- . the problem of providing jobs great-| that there will be ample purchasing |ber of labor-management commiter in the post-war period. He sug-| power already created to keep our tees from other industries in north-
(July, 1943, was $88,240,039,000, he said. Debts of several other allies were as follows, according to his figures:
there has been rain and the farmers are plowing up the grass.
HALF MILLION RADIO Russia, $10,030,000000; China, ~ TUBES. AVAILABLE $1.943,000,000; France, $19,900,000,000;
WASHINGTON Oct, 11 (U, PB — elgium and possessions, $3,781, The radio and radar division of the 888,000; Denmark and possessions, war production board announced | $258,688,000; Netherlands and postoday that more than half a mil. |Sessions, $2,730,379,000. lion tubes for home radio sets will | The total debts of U. 8. allies is be available immediately. 1$125,984,094,000, he said. Total United The Phillips Export Corp. of New States debt is §143431 431,708,365. . . York has 576613 radio receiving . tubes on hand which are available ri A E BALM ALM for the domestic market without restriction. They originally had been THE VOLATILE RUD
ern Ohio.
gested two ways of increasing job opportunities: Developing new things to produce and producing exning things at always lower prices.
enterprise system active for a period of a limited number of years. To the extent, of course, that the price level is permitted to rise due to in-
Plant Shiny New Others have included a repre-
that much of the land turned back to grass and range will have to be plowed again.
held for export. The number of| tubes now available for mainte- | nance and repair of household sets,
Pine Vapors Bring Quick Relief from Distress of
=, big COLDS 4
81 Nilisn Sersuen
~+But- this time the farmers are using terrace gnd contour plowing practices learned at such terrible cost. And there is another great difference between this plow-up and the one during world war 1. Then, much of the plowing up was done by “suitcase farmers’—men from the cities to whom the soil was a thing to be mined, a speculative gamble promising huge profits,
Rain Cycle Helps
All they put in was their money. They contracted, for the plowing, contracted for the harvest, and when wheat went down in price they went back to the cities and left the land torn up. When the evil days of drought] and high, hot winds came there was
is below actual needs.
ge
| Sizes 1t0.6, Widths B-C-D
sentative of the National Y. W. C.|§ [A who came seeking “discussion _ {regarding interpretation of this enterprise for the present period”; a Virginia industrial psychologist, and a Cleveland manufacturer who said he wanted “to look at the faces of my former employees to see if {it's true that they're with Jack & Heintz” A visitor -who-enters one of the|. !Jahco shops becomes aware that he is on a famous spot, It's something from history or legend, like
General Motors chairman —_— that dependency on government expenditures to maintain and expand employment would mark the beginning of the end of the American competitive system as we have known it, the beginning of the socialization of enterprise.
_ Seeks Permanent Peace
The second “must”—permanent peace, Sloan said, méans that force if ‘necessary must be organized to = prevent further wars. “Our civilization cannot stand such a catastro- ! phe every few years and continue to - exist,” he declared. RE The third “must’—two-way international economie relationships means, Sloan explained, “no world WPA at the expense of the American taxpayer—no lowering of our standard of living to that of other countries. Our sovereignty must. remain at all times unrestricted.” _ Business leadership must take the form of industrial statesmanship, _ Sloan stated. He belittled the general discussion now taking place about what is to happen after the war as “far too much Utopia—too little realism,” and added: arr Price Must Be Paid “There is a price that must be paid for the economic wastage of war, It will take hard work, greater efficiency and considerable time : to overcome the losses that the war thas created. It will call for intelligence of the highest order, as well | Good @s'a realistic approach to many complicated problems, if we are to achieve the goals we seek and have a right to attain, Solutions of individual post-war problems even intelligent solutions, not in themselves sufficient. They must be co-ordinated into a well-devel-oped and balanced whole.” He then detailed his plan to the Go three objectives—jobs, prevention of ferres further wars, and. international re-|,%0 . lationships— in a speech of about 9000 words, He urged application of research to make new jobs; government co-! operation, including a moderate! amount of public works, and development of sound policies for regulation of business; immediate declara‘tion of government policy on govemment owned plants; readjustmenthof tax laws to reflect longTange considerations, eliminate double taxation, reduction or eMm- Good ination of the capital gains tax; revamping of labor laws to give both | Sut sides equal treatment, and clarification of anti-trust laws.
Two Areas of Time
Sloan said there are two areas of time involved in the post-war “period—the early years and the
“longer terms. In the early years, he advocated retention of some
flationary forces existing, the real purchasing power of these savings is correspondingly reduced. ”
PORKER PRICES ARE UNCHANGED
$14. 80 Ceiling Prevails as ; Receipts Rise to 8700 Hogs.
Hog prices at the Indianapolis stockyards today remained at the $14.80 ceiling, where they were all Iast week, dlso, the’ food distribu. tion administration reported. Receipts increased to 8700 hogs today, 2100 cattle, 650 calves and 1975 sheep. .
THIS CURIOUS WORLD
a as & e 2
Down in Brasil, endiess rows of olf drums stand Teady ta fuel up trans-Atlantic transports of the NATS-—naval air transport service. One of the navy's by cargo planes—a four-motored Douglas Rib
N.Y. Stocks _|GRAIN-PRINGES TURN LOWER AT CHICAGO
Net ' Low Last- Change Allkgh Carp «+4 ww att 1's] CHICAGO, Oct. 11 (U. P)— Prices eased and interest lagged on the Board of Trade today induced
Westminster or Hollywood or the Kremlin, but also something fresh Am Loco .. — Am Rad & 88 9is by the holiday tomorrow. Traders also awaited the government crop
from “this fertile industrial soil. Am Roll Mill 13% report due late today.
Parts of the factories are so new Am T & T ....155% 185! —""Y that they havenit got greasy, and co 8% 6% % the fact that they were planned for |4 hs exactly. the. work. now..being.-done. : Ra i aint in them adds to their mg neat- | Be At the it Ch hitkt to hold the soil in place ness. ‘The task fits the arrange- was Off } to % cent a bushel; oats hothing to hold tk pace. ment of machinery so closely that | Chest unchanged to off %; rye off % to Now, most of tliat dust bow! land, %, and barley off 3% cent. {restored in part by wise human In the December options wheat [practices and in part by a cycle of was off % to % cent a bushel from [rain years, is owned either by the the previous 52% @%; oats off % to government or by thé men who
yw om there is none of the clutter or [S21 A iy re Curtiss Wr Al - a from T8@78%, rye off 4 to % |sweated it out there during the lean from $1.00 %@7%, and - barley 8 | years.
congestion sometimes seen in older | Corn Dome Mines ... from %. Court Stopped Dissenter
factories where processes have been Rome Mine changed. Elec Auto-L «.. ; When the .presént” urgent need LOCAL ISSUES for wheat is over, they will start| ..."70 Je@N ov 79 SCoAs =, Nominal ustations furnished Wa Indian. dealers. Ask
Appealing in youngsters in long, durakl to the parents.
| For Men-=
ki foe =
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THE NAME IS A CONFUSION
S| with the piped music, wonders OF THE TERM“ G/R9S50L~
o whether there really can be something in this new vogue of industrial harmonies, He sces the em~ ployes moving in a rather easy cadence. Like as not he has worked faster himself, if he's ever been employed in a factory, but then he realizes that one needs to follow a o rhythm if he puts in 12 hours a day, 80 hours a week, on a job. Pe It is well known that social pressure from other workers lets out the laggards who won't or can't keep up the pace. There is no Sea. foreman’s hot breath on a Jahco “associate's” neck. There may also Eid G & be an effect on the personnel in the st public recognition that men and n 155913.90 women who can stand 80 ‘hours, oe 13 aise | week after week, for months, must + [email protected] | he superior people. b 11.00@133s5| Observers of the Jack & Heintz 1.25q13 $0) phenomenon incline to credit much [email protected] [Of its showing of greatly reduced You production costs to the fact that it has always worked on new prodin which efficiency can be measured only by comparisons with competitors. “Apparently it is going 10 %g13.50( to be working on new products for [email protected] | 8 long time to come, | Bill Jack doesn't expect the 10 Soeai1ns| plants will have to shut down for : ime 2.00) a8 Treconversion period, although N sh bal Bulls all weighins {ome departments will be changed Li
Int Nickel IntT&T .... Johns-Man ..s. Kihnesnts an xid Kroger G & B, L-O-F Glass .. Minn Hny .... Monsanto Nash-Kelvy .... Nat Biscuit ... N
Sticks to New Products . | Gen Posds The stranger, walking in step protecting the land against another FROM THE. PLANT'S HABIT apolis securities ed | possible drouth cycle. IE STN.
Ph:
14.00@ 14.80 « [email protected] vers 14806014.80 . 1480014 80]
we BORA 14.650 14.00
[email protected] Slaughter Pigs ; Medium and Good ~ - 250~ 580 pounds coe +. 10.00014.80 CATTLE (2100) 4 Steers
:t. |started “go-to-hell” plowing. The , | directors of the district—elected by vote of the landowners—politely +. |asked him to quit. When he refused ~“they weren't going to tell him how he should plow his land” went to the district court and got a | permanent Injunction against him.
. ot v . i: WEEP ETESER SEES FREE v¥2
«ss [email protected] « 15.25016.78 + 15.50916.95 [email protected]
sessesenaanns
soil conservation service, Has Dry Streak When .you count out the moun-
9a
Medium — . edium U 8 Gypsum pf.176'; U 8 Li |
700-1100 pounds 1100- S100 pounds | Common — 700- 1100 pounds
Chater... - 800 pounds ....... wees 14.50015.75 | 800. JN:100 pounds .. : 5. 8 ets, 600-800 pounds... 12 14507] 800-1000 pounds ..,........ A00-1000 ‘12 noise - 900 pounds ., Common — 800- 900 pounds Cows (all weights)
Bo Algers Wins'w W RR 4%%... American Loan Bs §
U. S. STATEMENT
WASHINGTON. Oct. 1i (U. P.) —Gov-|CB ernment expenses and current fiscal Jour oun pared with a year
¥ nses ...J 34.370, ad
8, com-
[email protected] 8.25910.50 4.75@ 8.25
LOCAL PRODUCE
mn breed hens 2%: Leghorn bens.
Vealers py fryers and rost ander Good to choice oll weigh 8 tbe. 3e. Leghorn springers, 2%. : Shoe diana roosters, 16¢ oun (75 lbs. up) 7.00 3% W2STo—Curreny receipts, 5 bs and wp
Feeder and Stocker Cattle and Calves Graded Eggs—Grade A lar 46¢c: A medium, 42c; grade A es hs
Butter—No. 8c. ey Soc Butterfat—No. 1
Incorporations—
Indiana Grain Co-operative. Ine, In-|Paul diana polis; amendment increasing capital tal to 500 shares preferred ol $100 Dar value, 12.000 shares common $50 Re Re a 2000 shares service ct of r value
Cholce~ 800- 800 pounds
wees 115001278 800-1050 pounds . R Good—
senvesssnse [email protected]
«s 1050911.50 Saiaarstares [email protected]
500-1000 | Seat atosenans J! pounds [email protected]
WAGON WHEAT Up to the close of the Chicago todsy. Indianapolis flour mills on and elevators paid $1.65 per bushel for 1 ay 3 Siig oat. | des on their merits), oa hy ~ Shand No. 3 Rn. ek
6c; No. 3 bushel, and a. 3 white shelien Sora oye
NCR
hat