Indianapolis Times, Indianapolis, Marion County, 28 October 1943 — Page 15

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"WASHINGTON, Oct. 2. —Labor leaders are among those whom [Production of v the

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War Bonds Securities—Wills Deeds—Valuables Jewelry id Birth Certificates Insurance Policies

Willkie has guessing about 1944 Republican presidential

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| expressed in some circles that he

: | ments that the problem of labor-

sponsibility. a5 well as the results.

Contracts “Less Than a

tion, t toward labor support coin-

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certain policies

Louis speech

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Mackinac policy erence. Mr. Willkie took in some

Nor do we want a policy like the present one that divides our country into warring factions of labor leaders and business executives, forcing each other to jockey for power and strug- | gle to convert political parties to ‘their s. | “We must, of course, that men who work, and do not have no adequate economic and social protection except in their collective strength. And we must see to ‘it that their strength fis not taken from them, “But basically we must proceed on the knowledge that we will never solve the problem of the relationship of labor to management, or of either to government, by mere modification of this law or that law, We will solve it only by making labor an essential part of government, “I do not mean just by the appointment of a labor representative as secretary of labor. I mean that in addition to real representation in a real cabinet, labor’s representatives shall help to determine government’s fiscal, domestic and international policies. Thus, labor will share the responsibility and the results.”

Chieftains Balk

Several union chieftains, asked for quotable reactions to these statements, asked to be excused. One of the few guarded expressions is from “Labor,” official organ of the railway brotherhoods, It restricts its comment to one point. + “It is pleasing to have Mr, Willkie go on record against the SmithConnally monstrosity, but southern Democrats are not altogether to blame, Northern Republicans, in. cluding almost every Republican congressman from New York state, formed a coalition with the reactionary southern Democrats to pass the bill “Of course, in forming this coalition with southern Democrats, the Republicans committed a. monumental blunder, but their leaders were too stupid to appreciate that they were cutting their own throats.” No evidence has yet appeared in congress that the majority believes it “committed a monumental blunder” in enactment of the war labor disputes act. Repeal Sought An opportunity to test the present sentiment of the house is being offered through steps by Rep. Scanlon (D. Pa), a union leader,

% | to use the petition method in bring:|ing before the house a repealer of 2! the Connally-Smith law. A majority

of the house, 218 signatures, will be needed. Reliable authority indicates that Mr. Willkie publicly will develop his labor theme well in advance of the Republican convention. Mr. Willkie is expected to aim toward dissipating alarm already

is willing to “turn the country over to the unions.” Some of his friends advise careful thought on his state-

management-government relations will be solved “only by making Habor an essential part. of govern * with labor sharing the reHe is said to believe that Mr. Roosevelt's policies have tended toward making organised labor a

"| SEWAREN, N. J, Oct. 38 (U. P): synthetic resins for the exact terms of his program to|military use was announced by the Continental Can Co,

Swedlow Aeroplastic Corp. andthe aircraft industry.

and railroading | Marco Chemicals, Inc, These - companies have

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the time has come to develop a mutual respect and tolerance be-

RURAL ELECTRIC PROBE IS SOUGHT

| WASHINGTON, Oct. 28 (U. P).—

senate action on ‘a request’ for $15,000 by a senate agriculture subcommittee to finance the inquiry. The request, introduced by Committee Chairman Ellison D. Smith (D. 8. C) yesterday, must’ clear the committee on audit and control and the senate before the money can become available. It. was expected within the next two weeks. The investigation was called for lby Senator Henrik Shipstead (R.

ll Minn) last July. He asked for an

inquiry to determine whether administration of REA is being in-

tween the unions and industrial} management, - ai rade

pooled] U. 8. Hoffman Machinery Corp. knowledge and productive facilities|and subsidiaries ® months ended references in|t0 increase output of the MR-5603|Sept. 30 net profit $190,145 or 67 were more toon Synthetic resin now used mainly|cents a common share vs, $256,935 Republican dec-|for linings of gas tanks on planes.|or 96 cents year ago.

neer of the Lockheed Aircraft Corp, who has been appointed chief engl-. neer of Marco. Armstrong's duties will be primarily to secure close coInc, [OPeration between the producers and

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the board deemed 1§ “impractical and unwise” to attenipt a definition of what constitutes a fair spread or profit, questionnaires sent to the membership revealed 71 per cent of transactions reported were effected at a gross spread of not more than! 5 per cent.

5% PROF ON STOCK SALES SUGGESTED

: PHIA, Oct. 38 (U. P), «The National Association of Securities Dealers, Inc, yesterday fixed 5 per cent as a “possible fair maximum" profit on transactions which are not made through a pub lic offering orf in underwriting the sale of securities, - 1 In a letter received by members of the association, Henry G. Riter III, chairman of the N.A.8.D, board of directors, said that, while

Justified. - In the case of low-priced securities, he sald, a higher rate may be fair and equitable.

Cutler-Hammer, Inc., nine months ended Sept. 30 net profit $1,530,569

$1.53 year ago.

Nid of Nol = ® thai Chile's corporation for the devel-

out that the 5 per cent or even al lower rate is by no means always hounced the formulation of an 18

or $232 a share vs. $1,020,703 or|Straits of Magellan,

CHILE HAS 18-YEAR "ELECTRICITY PLAN

SANTIAGO, Chile, Oct. 28 (U. P.).

opment. of production today an- ! y habitant, according to the

tion, against the world's average of {151 and the United States’ 8 of 238. | Beneficial Industrial Loan Corp. contemplates nine months ended Sept. 30 cons = Arica to the|solidated net income $3,101,620, or divides Chile|$146 a common share vs. $3,203,740 Into seven regions. Of these, five or $1.50 year ago.

{vear plan to achieve complete elec- | trification of the country through {an Investment of 2,400,000,000 | (nearly $100,000,000), { The plan, which {using waterfalls from

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