Indianapolis Times, Indianapolis, Marion County, 24 August 1949 — Page 2
On Bn Lor mp of voc _Nationalizing the Indusiry Is Last Great Experiment During First Five Years in Power
oy Cho
|-—as given n> : platform: ~ “This
“Britala’s Socialist Party has won a bitter fight in the House of also between that body and the House of Lords to nationalize the iron and steel industry before the mext election.
It AS uusual interest to ARutieass. Not only Gis It Inarve ‘concerns the bas ferial 10F armaments. ANd facing pi to ) natlons
BE. T. Leech tay Jobereting aor, and Jt, ¢ British Isles for the tlh pi today reports on this subject, the Articles,
by 4° group answerable only to them Steel determines the level of ployment and sets the scale ihe nation’s production. In
efficiency and labor policies which feature explanations of much of the other hemes. This one is being done
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huge) of iron and steel.
48 4 matter of Socialist theory, , LERCH, Gre ward Sk wie rather than so-called economic
ON, may choke while trying to swallow a taasity. is no getting away from
ment in state ownership to be tried by the Socialists during down, their first five years in power. They will have to get re.|finances were desperats, and
the fact that in oiler cases—
especially coal and the railroads Nationalizing the steel industry is the last great experi: pects uy. a pr
—plants and equipment Were production was
sverybody-especially the eom-
elected before attémpting any
system, there must be & gen- strong pledge. eral lection by next July-five d years after the present govern. 11h Jusainly sma . |posl cotton exc nationalized
scrambled.
than some of the others which have been taken over. Or If the transfer of ownership got it all
3s } §
And ment woes, , Grows Another big difference is that its for en- the private iron and steel indus can’t be|lTy has been relatively successful held this and efficient. Not up to most American standards, but comparBian han does aidh other manufacturing. It is meet The Labor Party was), 0", "0 aduction quota set by hi Labor Party. pays far above most British industry-—and
Hs ti Efe E5
EE1% : sal HHH gi: i Hii
trou it has been modernizing faster than most. So the Socialists do not have the excuse that it is a failure that it 18 badly obsolete and a thal it requires modernizing which
decision go ahead with {his most diioult) vernment money and dial BALIGRATINING Schemes: Iv _Sovernment ea
aoa 8 ES ly there THE CONSERVATIVES are) C00 was a great deal of truth to it—
and , for taking over raliroads and coal Ee isction. They sould ‘ay|ADA MORE Of the LOAF SHALE Busi
HERE 18 {he dmc reason for| sstung won and steel--or, rather, ve the 107 biggest firms with over completed, This, incidentally, three-Afths of the total volume
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Your Phillips 66 Dealer | will help you with maps
From Greenville Ohio, to Yakima, Washington, more than 14,000 Phillips 66 Dealers “are teady 10 serve you on your vacation. Stop ac the station where you see the omnge and black Phillips 66 Shield, sign of consvolled Phillips 66 Gasoline. Right now it's controlled to give smooth, dependable power under warm weather conditions, All through Phillips Country there are grand places for fish ing, swimming, and outdoor s « Ask any Phillips 66 Beale about the vacation ae. tractions in his localicy. And #iwiiys stop at the stations with’ the orange and black Phillips 66 Shield for good products and "friendly, viking service:
p, , mast modern poyriondyr 8 City, wok amy Phillips | the bonr from wine
: ; \ ..: 1 |18 the only industry for which the others. Under the British conservatives have made such a PackWard,
steel industry proved no better compete with each other,
tied up in red tape and manager
has had little labor trouble. And
and rood information. J}
ployees—suffered from what were losing, short-sighted methods. The utilities, too, were behind modern standards and
The other state businesses— ....." rns Bank of England wis exceptions . the Livers" closely associated with gov nge-—-will stay h ¢ which its absorption was a natural.
AEE are. 100,
ernment and official finances that
American business men, who
get a lot of worthwhile tips from to these British
In other businesses. It is the test of all war in- In & nutshell, the lesson 1s: dustries, Arma could be|Keep modern and efficient; don't
get too big and monopolistic;
Britisn business didn’t do those England jum the world on t 18 call “the Industrial
olution"-a college term for.
uch power must be 3
v |
E. B. Newill, vice presiden t/ General Motors Corp. and ged |
jun| Division here has been ap :| ‘pointed associate chairman of the 30th annual Indianapolis Community Fyag-ampaign Oot, 10-24.
w.
chairman, announced Mr, Newill's acceptance of the ap. pointment. Mr. Newill has taken an active part in the Red [television ‘pride themselves on learning from! Feather drives thoroughly scrambled 10 be un-|experience and experiment, -can| pointment aa manager at AllSON'S. in 1943. He has Nandled special ts And was an associate ¢ n
th drive for $1,280,00 he will work |gate general chair
Volume Planned For 1949-'50 The RCA plant in Indianapolis got the green light today, increasing production to peskb volume for the, rest of the year,
E 5. Newill :
prver every
E. (Bill) Kuhn, campaign
drives since his ap
Class to Have Fish Fry SF The annual fish fry of AldersClass of ist Church will be he o 30d Bid ahts o Methodist Church, lawn,
ture ot rday in Thursday Jans
A ran : ¢hureh ban) ineinnad 0000.
promises thet pleasantly
POS ION PLOTTED AY S$ AMEN
8-14-09
| 7 MOMGUS PATAEF, COP 1949 [OW 1. & WASHER ALL MGHTS RESERVED. \
TONIGHT AND TOMORROW-<The atic) forecast for te lovight cool temperatures will continue to overrun nation as well as the Northern Plains. The usual warm moist ale will he , am the western periphery of yg Wigh presi coll centered in the lower Ohis
Empire. Britons t raw ma- | terials, turned them into finished [goods and sold them back to the) world at a profit. They developed shipping and insurance and world-wide investments to make! this trade possible—-dnd nay profits from those services.
BUT BEFORE World War " British industry was slipping.
were forging ahead through re search, technical advances and mass production, British business men fell into the comfortable ways of eountey squires, settled) down to ease and security, and relief on prestige and & head start, ? They went in for combinations rather than equipment. The pas. sion for security-<for group safe-ty-~atarted at the top, not with {the labor unions. In many fields, the world passed England by, and the may never catch up. f Today these proud-and also very kindly decent-—people live on foreign ald. And they are meeting their desperate problems with appeals for more grants, more borrowing, more outside investment—and more combination. The British iron and steel industry denies It wis a monopoly. Well, it smelled a lot like one, It certainly worked in far closer
American Iron and Steel Insti tute.
EA lent, dvtindimry
gave the Socialists some well: documented claims that it is a monopoly. And therefore must » swallowed. The bill for this swallowl will be some $1200 millon on security exchange prices of! the firms affected. eo firms angrily claim that the government used tricks to force down market prices before fixing this figure, It will be paid-as have other nationalizing bills—with 3 per tent stock (or bonds, in our language) whieh will have no {maturity date and no provisions [tor retirement, Hence Britian {financiers claim this fsn't a state | debt just “an exchange of pa. jer.” 1t is a high-falutin' econom- ¢ schemé for buying something wa Nothing —« another reason
Why the world shies away from | {investing in the e British Empire.
Tomorrow: Britain Gets Ready [to Vote,
Hoosiers Awarded To Scholarships
| Kermit Hibaer Fred Maries The Indiana State Medical As sociation today announced that medical school scholarships have been awarded to Kermit Q. Hib[mer of Indianapolis and Fred | Harldss of LaGrange. i | Mr. Hibner will enter the Indiana. University Sohool of | Medicing in September. The | scholarship has a value of $800 a year, He is a veteran, married and lives at 342 8. Arlington Ave. Mr, Harless, whose scholarship is for 8300 a year, will start his sophomore:year At the IU Medical School next month. He is the son® of Mr. and Mrs. Walter E. Har Teas of LaGrange. | Five other students at the IU | Medical School now hold medical | association Me hoiarsbips,
t .aa 10 prices and pol-| {cles than has, for example, the
L Ss Ayres & Co. THE MEN'S STORE, COMPLETE ON THE STREET FLOOR
FR anklin 4411
C rarpeast
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YY weans 2 ov
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warning was
for “national the Marshall
Showdow U. S. Of
WASHING
These offic that Stalin v before the en world will th whether the ready to talk to liquidate 7 lin is simply VU. B. officia these choices: ONE: To some prétext units acrdes | and annihila ganization. TWO: To fnside Yugosl and economi
and a tighte:
ade to starv ston:
Girl's § New Tr
NOBLESV] ~Russell Kr apolis auto papers today of his murde Indiana Supr Krauss wa sentenced to by a jury at May in the Smith, 16, In Juries disa two trials. A was convicte second degre
and Krauss | Now he has: Circuit Court funds to pay appeal.
MeM-M THAT OLD |