Indianapolis Times, Indianapolis, Marion County, 10 September 1950 — Page 6

~ PAGE 6 _

heavily. last night

perialism have great

Ci

ve si “grat

gression.

port the rule of

world.”

" DEEENSE— "The United States must more than double its defense We must be prepared to strong. defense for many years. . This cannot be

efforts. maintain a very

. cation for eral increases. - achieved on the basis of business on : gen AI 17. , Co as usual.” Plain Profiteering | Yale Gradnate To the companies that have in- After the war he spent four

WHAT TO DO—"We must produce the materials and equipment. We

in his

to use these forces in o The free nations have no alternative but to build up the military strength needed to suplaw

in

We must raise the money,

must prevent inflation.”

TAXES—"There is only one ,.; <hould not be tolerated.” pany of his own. came the idol of the fliers besensible way to do this (pay for wpe peinessmen will conscien- In two more vears he got a big- cause nf his aggressive fight for increased defense). It is 1he 4; qv review their prices, we ger job with a bigger company. a 70-group Air Force something plain, simple direct way. We gna) ‘cae fewer price increases in In 1923 he became head of the ‘he President-and alot of-Con-'

should pay for them as we go, out

of taxes.”

INFLATION—"Inflation would hurt us more in the long run than higher taxes now, Inflation would benefit the few, and hurt the many. Nobody should get rich

out of this emergency.”

RENT-—"“State and local gov- \ P t el ernments should take the neces- there will be an increasing num- tion. In 1948 he became Secre- Louis will do that job and the! ber of jobs,’ he said, “lf wage tary of War For Air. After uni- new one, too.

sary steps to keep present rent

controls in effect.”

New and heavy burdens must higher and higher wages, be borne by the American produche said. Business| wil have to expand on its own In| many cases, he declared. But he promised the government will be financial |

tion machine,

ready with “special help” when necessary.

He pointed out that the new law will enable the government to give top priority to defense orders, prevent hoarding and cut civilian

down on non-essential

; Pay ‘Out of Taxes

His tax recommendations came largely unheralded because Wash- what the President called “pres-! | ington has been interested pri- ent danger spots.” consulting with boards, agencies and departments national defense, the government

in the return of ‘the mahagement and labor in an|with specific tasks to do. Mr. Tru-| Will guarantee loans to get the

marily

sprawling economic program effort “to work out the necessary man- made these which ceased shortly after World safeguards without compulsion.”

War IL

“To the extent that we finance gdded, “if these efforts fall, our defense effort out of taxes cajlings now, we will avoid an enormous’ will have to follow.”

Gist of Truman Talk On Defense Economy

WASHINGTON, Sept. 9 (UP)- President Truman bore down nationwide broadcast on tough problems” the country faces in its néw defense economy. They are production of defense materials and equipment, paying the bill, and preventing inflation, Here are some highlights from his speech: THE WORLD SITUATION— —-

“The leaders of Communist im-

military tail food prices had declined since Chairman of the National Secur-

pen ag-

the

increase in the national debt,” he

said

that kind of financial basis.”

The alternative, he said, would selective controls. be inflation and a greater injury! in the long run than higher taxes resort to general controls before ment, commercial fertilizer and|

now,

“It will mean a hard fight g4i4. against those unpatriotic people serious defect in the law which tobacco, wool and naval stores. e who will try, by every possible wil require correction.” i exhorbitant | | profits out of the emergency and] escape their fair share of the for rent control inadequate.

means, to make

“1 ng World War II we borrowed too much and did not taX duction, but expressed fears that ourseives enough. We must not|the Jaw run our present defense effort on :

load,” he sald. But we can and

will win that fight.

, “No one should be permitted to not be lost by failure to hold Commerce Department will con- : _profiteer at the expense of others down ~~ because of our defense needs. said. He asked that the existing —————— Nobody should get rich out of rent law be improved

this emergency.”

Warns Housewives” The President appeared to re-

serve his sternest warning for the to the prospect of mandatory self-restraint . he advocated may Sept. 20, Fire Chief R. A. Mec-|

danger of inflation.

.'| state and local governments keep of the present emergency,” the

He said the battle against an

inflationary spiral must go be-|pose price controls when they are “ | So TE oot br y are pare for “some reduction in our|borhood stations next week.

stabilize prices and wages.

oo OF ONG. thing, he cautioned the. bodied -in-an executive -order-re-ipreferabie American housewife against buy- quiring businessmen to preserve trols. ing more than she needs. In fact, records of their prices and costs

he told Mrs. American to “put off buying” whenever she can.

buying more than sh

e

there will not be enough to go

around, and prices will go up,” he will.be available to set ceilings at

said.

To Getting Big J Idol of Fliers ‘

As Air Secretary

WASHINGTON, Sept. 9 (UP) — Big, rangy, persuasive Stu Sym-

ingtn got a new job tonight —- - - - ——r Hoss man of the nation’s mobiliAs a case in point, he said re- zation program. Mr. Symington is

obs Done “three hard,

ose,

SAR ly

0G funder an ra 4 CdeTegatHe then focused on business- ng certain presidential.functions men, saying they have “obviously ynder the Defense Production Act no excuse for price increases or 1950 Mr. Symington got the where costs have no risen and job of co-ordinating the govern- | in many industries costs have not ment's economic efforts in the riken since the outbreak of fight- struggle against communist. ing in Korea.” In effect, W, Stuart Symington Conceding that there may be jg an assistant president. Mr. Symsome excuse for increases Where jngton’s record of public service § costs have gone up, the President gates back to World War I when said that even this is no justifi- he wag an Army second lieutenant

rian FRR

W. Stuart Symington . .. boss

fication of the Armed Services, he became the first Ar Secretary. As head of the Air Force he be-

years at Yale University. In 1923, he worked for a malleable iron manufacturer in Rochester, N.Y. Two years later he formed a com-

creased prices of all their products without corresponding cost increases, the President said: “That is just plain profiteering,

gressmen didn’t want. A 69-group Air Force ‘has now been authorized. : A This year Mr. Symington ‘was put in charge of the NSRB and given the job of getting the country’'s resources ready for an emergency, | : The hig 190-pouncer from St.

the days and weeks to come, and a good many price reductions,” he said. | He followed the same reasoning in advising wage earners against seeking pay hikes beyond “what is necessary to keep wages in line with the cost of living.” “Our defense effort means thal

country’s largest stainless steel making firm, ‘ Mr. Symington stepped into the Emerson Manufacturing Co. . of 8t. Louis in 1938 as chairman of the board and president. In 1941 he became a consultant for the Army. Later he headed the Surplus Froperty Administra-

ask for they will be driving prices up, all along the line.” For all of industry, agriculture

Here's How New Economic and labor, he had an added re- Mobilization Plan Will Work

uest to be as thrifty as 0Sa . p WASHINGTON, Bept. 9 (UP) ities” not placed under the power

sible, save as This is how President Truman's of the other agencies.

He said “we should K much as we can out of current economic mobilization plan will _ Production Facilities Mr. Truman ordered the Army,

income” to help hold prices down, wr). J 3 to provide funds for business ex-| , oo ooo il be Navy, Air Force, Commerce, Inpansion and help families .plan .': S'uart Symington w terior and Agricutture Departthe hig boss. He will be a sort ments and the General Services

for the future. Danger Spots First of assistant president. He will Administration -to develop and

The new Economic Stabiliza- issue policy orders and see that Promote expansion of productive tion Agency, created by executive uy parts of the program mesh capacity and supply of materials.

order tonight, will work first on _. [When one of these. groups certi- | Under him will

be various fies a project as necessary for the '

|project going. The Federal Re{serve Bank would guarantee the! ments: . | loans. Other loans would be made; fo Wage and Price Confrols—An by the Reconstruction Finance | Price economic stabilization agency is/Corp. The RFC was authorized restrictions get up to handle wage and price specifically to lend money to pro- ! controls should they become nec- mote expansi iueti - The Chief Executive viewed the essary, The head has not lon of Droguction. de new defense production law as a announced. i / ; PR fey

land “the exploration, developstart on the job of defense pro-| Allocations of Materials —Four ment and iar of strategic oh

major assign-

“However,” the President

and wage

Boss Man Symington Used.

10 Neighborhood | Stores

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¢ 8 government agencies are author-| critical metals and minerals.” fa deficient in two fields. ized to exercise priorities and al- The General Services Administra.) He sald he is not sure that the [locate materials. Every material tion was ordered to buy™metals {new law permits effective use of or facility is subject to allocation. minerals and raw materials in The Agriculture Department will cluding oil. for the overnme ’ le nt's | As a result we might have to have the say over farm equip- he stockpile, . { Labor Supply—Secretary of he food for either humans or ani- Labor Maven 3 rom ny or-| “This may prove to be a mals. Classified as food are cotton, dered to make plans to assure | nough manpower to keep the de-' The Interior Dept. will control fense machine in high ay He! Inadequate Control | petroleum, gas, solid fuels and will name. the occupations in-| He also found the authority electric power. The Interstate volved in.any labor shortage and | Commerce Commission will con- keep key workers from being “What we gain in holding down | trol surface transportation in the drafted. |other cost-of-living prices must U. S. and port facilities. The ;

they are really necessary,”

24 . . i the cost of shelter.” he trol all other “material and facil. FIPS. Aid Classes |

—————— { . ; . and that sellers who have taken advantage At Fire Stations Red Cross First "Aid classes will be taught at all of the Fire! Truman conceded that the Stations in Indianapolis starting

present rent controls in effect, Mr, Truman devoted little time

President” said. Mr,

[price ceilings but announced he not be easy,

Kinney, anno > 8 . (had ordered preparations to Iim-| He counseled the : need Josten

nation to pre- Residents may register in neigh[need standards of living” but said that! In the northwest section of the : ese preparations were em- voluntary restraint would be far| city, or District 1, the stations are to ‘mandatory “con- at 1445 W. Michigan St., 126 Ww. {15th St; 537 N. Belle Vieu Place, ! 2960 Kenwood Ave. 5555 N. Illi-

i od ases where vol- nois St, 3130 W. Washington St. 1950. This period is untary individual action is not 1002 y

) “But controls will still-be necduring the base period of May 24 essary in some ¢ to June 24,

jority must be protected from a

few chisglers,” he said. “In those 4 CATE QUVerTIIee twill trict 2, stations may be found at

“This means that information In the northeast section, or Dis-

fair levels,

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Frederic eral Blatchfe with Mr. Ba The U. S. d

Capea Launch

County | Hold Pi

Sen. Home Rep. Charles touched off f Republican c: in Longacre _ The picnic-| proximately - workers. Sen. Capeha ocratic Party the nation’s fiscal insecuri He said the Its darkest pe ministration f{ ' “Three war tional debt of fact we have lives in Korea Ing what the; that is the pre . ‘Jefferson If need be, ranks with Democrats” tc out. Both Sen. Halleck blast tion's foreign The latter “appeasement. hopelessness.” Rep. Hallec to domestic i audience that istration still ized medicine programs. Others at t Charles B. B trict congress Smith, sherif Fairchild, cou fnee, and Th blinded forfne -state represen

Fired Li

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A National fired from the . partment wa when. he. refus oath, High Chairman Sa last night. “Not s0,” sa eott, 30, of 62 “was fired aft the oath req ployees. He sa oaths he hal ~ Army and N: ~—sMgufficient pre “The other to keeping signed,” Mr. ] Like The state the same as oath, except reference . to tempting by the governme tional Guard Hadden said. Mr. Prescof vestigated b) being admitte Aigence school

However, h oath was put or be fired” stating that tl given, His signatu been volunta been to keep n

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