Newspapers / Wilmington Morning Star (Wilmington, … / May 1, 1942, edition 1 / Page 5
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TODAY and TOMORROW , continued from Page One) r,,., months has gone to wage earn e-s and to some farmers who are hjrely touched or not touched at by the present income tax. This added income is at the present ,:“ie n the highest degree infla ,:onary because about half of all consumption goods that are bought ;r tjjis country are bought by the ;.eaT' mass of people who have smai! incomes. Because they have miail incomes, they tend to spend pxtra income as soon as it is earn ed They are not reached by the in -ome' tax and they do not ordi „arily save to invest. They have bought less than 10 per cent of all savings bonds. Therefore, the Treasury policy cannot possibly cure the existing inflation or prevent an even great er inflation. Until there is a tax will which reaches the lower in comes. which have recently been n the aggregate greatly increasd, and until there is a compulsory ;aving< plan, the Administration vight not to pretend that it is deal. ,ng with inflation. Necessary and desirable as it is to tax the rich ana the moderately well-to-do, the ■old fact is that their taxes cannot and will not in themselves deal nth the inflation. Nor can selling bonds to these people deal with in flation. If the banks buy the bonds, all that does is to make the infla tion greater, and if investors buy bonds out of their normal savings, little is accomplished because what s sated and not spent is not infla tionary anyway. This is the specific and critical weakness of the program as it now stands. The weakness can be over come as soon as the President de cides to make the Treasury’s tax and savings policy conform to the recommendations of his other eco nomic advisers. For it is no secret that Vice-President Wallace, Mr. Eccles of the Federal Reserve Board, Mr. Henderson, and the di rector of the budget, Mr. Harold D. Smith, are agreed that the Treasury policy is wholly inade quate. The bottleneck is between the White House and the Treasury. It will have to be broken if we are to deal with inflation. The rest of the program as it af fects manufacturers, farm pro ducts, and wages can be made manageable only when the infla tionary pressure of ejccess purchas ing power is drained off by taxes or dammed up by savings that cannot be spent during the war period. Even then the problems will be formidable. But they are not insoluble, and on the whole it seems to me that the President’s approach to them is wiser than many of his critics are willing to admit. This is especially true of his leadership in the field of labor, where he has.clung stubbornly, and as the event shows successfully, to the idea of the largest possible amount of voluntary agreement. It is all very well for Congressmen or newspaper writers to say: Let us pass laws forbidding strikes, laws freezing industrial relations, laws freezing wages. They do not have to administer those laws. The President would have to adminis strikes, if he can preserve order ter them. A’d if he* can outlaw in industrial relations, if he can stabilize the wage structure, if he can do all these things with the active assistance of labor leaders and labor unions, the ultimage ef fect will be infinitely surer and more satisfactory. Let us never forget that you can lead a horse to water, but that you cannot make him drink. You can lead a work ingman to his tools, but you cannot make him work with hig whole heart. Obviously, we cannot win the war and have strikes. We cannot win the war and have endless wrangling about the closed shop. We cannot win the war if wages go into a competitive spiral as em ployers bid against one another. But in our eagerness to deal with these matters, let us be careful, let us be very careful indeed, not to impair the will to work by get ting into a position where it even looks as if we were using the emer gency of war to break up the un ions and to destroy collective bar gaining. If we make, that terrible mistake, we shall destroy the influence of the patriotic leaders of labor, and their power to arouse enthusiasm and to instill discipline. We shall create the most serious of all labor problems, that which exists when men feel oppressed, and are sullen, and work listlessly, and are ready to listen to irresponsible agitators and adventurers. In these matters, details aside, the President is wis er, and more sure-footed than his critics, at least as anxious as they to win the war, and as well aware of what it will take to win the war. A more temperate and a more understanding approach to the farmers, would also serve us well Pool, lake, ocean or swimmin’ hole; whichever you swim in—how you look is equally important! Your bathing suit wardrobe is waiting for you here, every garment shapely—and tailored to keep its shapeliness long after the last day of summer. Sharkskin Rayon Jersey Wool Jersey Cotton CATALINA GANTER Sizes 12 to 44 *2.98 TO AKEMKE 7&STM L . ^ Slacks suddenly become a “must”—now, more than ever, you need a complete slacks wardrobe. Choose from our huge collection of slacks, and slack suits — for work and play! Crisp spun rayons and cotton gabardines, sturdy denims, wool flan tiei?—in solid colors, stripes—brightened by saddle-stitching, tricky buttons and most important of all—slick tailoring. Make your selection today! Sizes 12 io 44 52.29 to 58.95 fodkSiUiamb G& at this time. I do not think it does any good for those of us who live in cities to talk about the farm bloc as if we were more patriotic and unselfish than the farm bloc. The sons of the farmers are on all the fighting fronts, perhaps a larger proportion of them than from any other group of our people. No good end is served by talking about the complex question of par ity prices in a tone of righteous indignation. The question is a prac tical problem in economics, and in its current phase it is at bottom a question of how to achieve the production of the necessary crops in the right amounts. Almost cer tainly the recently adopted 110 per cent of parity formula is wrong, and the President is asking Con gress to revise it. But it will be revised more easily if we recog nize that this is an economic and not a moral question, that our ob jective is farm production which fits the peculiar needs of this war, and that if we fix a lower ceiling on farm prices, we may in order to get the right kind of production have to spuport the ceiling by pay ing subsidies. My impression is that Secretary Wickard and Mr. Henderson understand the problem better, than most of us, and that the general public will do best to give them its confidence. 3 AXIS BIG WIGS TO MAP STRATEGY Bern Dispatches Say They Will Devise One Gi gantic Front By FRANK BRUTO BERN, Switzerland, Apr. 30—{&— Adolf Hitler, Benito Mussolini and probably the Japanese ambassa dor to Berlin, Lieut.-Gen. Hiroshi Oshima, are expected to meet soon (if they haven’t met already) in an effort to coordinate three-pow er Axis war efforts toward what the Italian press called today “a gigantic, single front.” Bit by bit the picture of new tripartite consultation was filled in by Axis propaganda agencies. Bern as one of the few neutral spots remaining in Europe, has become a crossroads for information on Axis moves. The Tokyo newspaper Hochi, ac cording to a Tokyo broadcast, fore cast a meeting within a few days without indicating where they would get together. The Berlin radio put out a Mu nich dispatch reporting Oshima’s arrival at that past meeting place of Hitler and Mussolini, But he was there ostensibly to participate in “the week of interstate cultural work.” Oshima recently returned to Ger many from Bulgaria where con ferred with the Japanese ambas sador to Turkey, presumably can vassing the Axis situation in the Middle East. The editorial mouthpiece of Ital ian Fascism, II Giornale D’ltalia, without mentioning Oshima, contri buted a hint that the meeting would be one of a series which would parallel “examinations, decisions and fresh resolutions” under the three-power pact. ‘We are on the eve of great events, both political and military” said this Rome newspaper which is edited by Virginio Gayda. The purpose of the meetings, it added, would be to “unify and con vert all fronts into one gigantic, single front in which all opera tions are perfectly synchronized. “The powers of the Axis are re solved to unite their forces so as to be able to strike with the great est power and efficiency wherever the enemy is confronted,” II Gior STRAW HAT DAY, SATURDAY! Put away that winter felt! It suddenly feels pounds heavier, degrees hotter, and looks shades grimier, doesn’t it? A new straw will feel air-light, breeze cool, and lighten up your attitude toward summer! Don’t wait—stop in today and pick a leghorn, Pan ama, crunch, mesh weave, coconut, or sennit from our ample stock. $£.29 _ $£.98 $2.98 — $3-95 BONAIRE SPORT SHIRTS *1.49 Mesh weaves, broadcloths and Oxford cloths in white, tans, greys, greens, blues and yellows. Tailor ed to fit—fully shrunk. A shirt you will enjoy wear ing. Sizes small, medium, large and extra large. SLACK SUITS Men’s slack suits — Sanforized shrunk. Twills and broadcloth. Sizes 28 to 42. *3.95 ARMY CHINO SHIRTS AND PANTS Made of an excellent quality mercerized Chino Khaki woven to meet rigid U. S. Government specifications. Our officer’s cut and splendid tailoring assure a perfect fit and utmost satisfaction. Shirts are form fitted. Shirts .$3.50 Pants —.$2.98 Pants With Zipper.$3.50 (fielk-ifrilliam & nale D’ltalia declared. The Berlin radio’s rendition of II Giornale’s editorial said, “a new cycle of contacts between the Axis powers and the states of the three power pact has been completed as regards big military and political events.” Berlin added: ". . .Italy and Germany will have to come to an understanding as regards everything likely to affect usefully the cycle of war opera tions in Europe, so Gayda con cluded.” Berlin referred vaguely to a Gay da editorial of Monday in which he ‘‘hinted at examination of the policy of the Axis powers, between Rome and Berlin and between II Duce and the Fuehrer.” White ville Helps Navy’s Relief Fund WHITEVILLE, April 30.—A con certed drive to raise {1,000 In Co lumbus county for the Navy Relief society was decided upon here this afternoon at a meeting of the Co lumbus County Citizens committee headed by A. F. Powell, Jr. A benefit motion picture Sunday afternoon at 3:30 and 9 p. m. will be shown at the Columbus theatre here the entire proceeds going to the Navy Relief fund and a cam paign for the sale of emblems will be launched here in the county in the immediate future. cP^O^Ts y how 7 in ^lljjr HOUBIGANT CONCENTRE! HouSigant’a mo«t celebrated odeurs are here (or you in Eau Florale Concentre* —the new rerrion of perfume, for lavidt uae next to the dun. Quelques Fleurs. Le Parfum Ideal, Presence, Boss Dormant and Country Club. One Dollar Each. HALF PRICE FOR A LIMITED TIME ONIV Cleansing cream *2y-A^*t|e There are two types of Barbara Gould Cleansing Cream—each does a won derful job of skin-cleansing and leaves the natural moisture in your skin. SPECIAL 'CLEANSING CREAM for cleansing dry or normal skin CREAM POMPON for cleansing every type of skte 6 Iced Cocklail Glasses Enjoy iced shrimp, crab meat and fruit cocktails during the hot sum mer months. Set of 6 iced dishes and 6 cocktail dishes. $].oo fodk-Mliam Cbi
Wilmington Morning Star (Wilmington, N.C.)
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May 1, 1942, edition 1
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