Capital journal. (Salem, Or.) 1919-1980, May 03, 1949, Page 1, Image 1

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    UAW Orders
Ford Strike
Rouge Plant
Disagreement Arises
on Date; Local Says
May 4; Nat. May 5
Capital
Injunctions on
Strikes Kept in
II II Mill
Commie Plot
,Taoaie
To Block Up
""-, an uoaw
,o AiieMun 1
NAiif I ahAr Kill
61st Year, No. 105
Entered u ttec-ad eltu
matter t Stlem. Or ton
Salem, Oregon, Tuesday, May 3, 1949
(18 Pages) Price 5c MCW LQUUI
JL IT .
Mil . II f TV II II II
Detroit, May 3 (U.B The na
tional CIO United Automobile
Workers today authorized 1
trlke Thursday noon against
the Ford Motor company's River
Rouge plant unless a dispute
over a "speed up" of assembly
lines is settled by that time.
Walter P. Reuther, president
of the UAW, announced the
board's strike approval about
an hour after the executive
board of local 600 of the UAW
set its own strike date for 10
a.m. tomorrow.
Reuther said the Thursday
strike date was set without re
gard to the local's action.
The national executive board
ignored the strike action of its
giant River Rouge local.
A national UAW spokesman
said a strike by the local union
before Thursday would be
v branded a "wildcat walkout'
under union rules.
Reuther accused Ford of "dou
ble dealing" by slowing down
its assembly lines when inves
tigators were at the plant and
then speeded them up again aft
er the union committee left.
"Today the company has again
increased the speed of its lines,
Reuther said.
Notification Made
The telegram to Reuther read:
"The executive board of Local
600 in its regular weekly meet
ing this morning voted unani
mously to shut down the entire
Rouge plant effective on the day
shift, Wednesday, May 4, 1949,
at 10 a.m.
"This action was taken because
Ford Motor company violated its
oral agreement to maintain as
sembly line speeds during nego
tiations and speed up the 'B'
building assembly line.
"Signed
"Thomas Thompson
"President Local 600."
A Reuther spokesman said
l that he had received no "offi-
I cial notification" of the local's
executive board action. He de
I clined further comment.
' Workers Vote
A strike was voted by the 62,-
000 Rouge workers two weeks
ago in protest of alleged speed
ups which the union claimed was
. endangering the health and safe-
y ty of workers.
Last week the national exec
I utive board of the UAW delayed
1 authorizing a strike at River
I Rouge. Instead it ordered an
J Investigation of the alleged speed
ups.
r' When a UAW executive board
committee enierea me nouge
plant to check charges of a speed
up, workers in the trim depart
ment left their jobs stopping the
final assembly line.
Ingrid Keeps
Plans Secret
Rome, May 3 W Like any
girl in love, Ingrid Bergman
walked Stromboli's sunny shore
today hunting a design for hap
py living.
In her heart was the answer
to a question which might have
been lifted from one of her Hol
lywood scripts:
Did she love Roberto Rossel-
lini, stormy genius of Italy's
film world, as Italian newspa
pers reported?
Or were there more happy
years ahead with her doctor-
husband, Peter Aron Lindstrom,
whose marriage with the actress
'1188 for years been about as near
an idyl as Hollywood could
boast?
Nobody knew the answer
except the 31-year-old film star
But Robert Conway of the
New York Daily News, who
talked with her for four hours
on Stromboli, said Miss Berg
man had "tacitly confirmed"
that she is in love with Rossel
linl. Conway quoted Ingrid as say
ing she and Rossellini "wanted
to keep it quiet."
She refused to deny that she
will divorce Dr. Lindstrom, fa
ther of her daughter, Conway
cabled his paper.
But Dr. Lindstrom still had
to be heard from.
His dramatic halfw,- v-around-the-world
flight from Los An
geles resulted in i face-to-face
meeting with his wife, film cir
cles said. What the results were
no one knew.
Another question mark was
whether Rosselllni was free to
marry. He has been separated
from the mother of his children
for some years, Italian press re
ports said.
Bandits Collect $700. .
Chicago, May 3 U Three
masked bandits today took over
a Prudential Life Insurance
company of f i e e for one hour
and held 58 persons captive
while they collected $7000. I
Franzen Talks
To Engineers
About Water
By STEPHEN A. STONE
What the city of Salem will
need in water intake construe
tion at Big Cliff dam is infor
mation wanted by the army en
glneers before the design for the
dam is completed.
For that reason City Manager
J L. Franzen was in conference
with the engineers in Portland
Tuesday afternoon, having been
asked by the engineers to come
to Portland for the discussjon.
Big Cliff dam is part of the
Detroit project, and will be
known as -e reregulating dam
It is three miles below Detroit
An additional source of water
for Salem is part of a long-range
plan, looking to the future when
the rapidly growing population
will be much larger than now
and the present source of water
at Stayton island possibly not
sufficient to meet requirements
More Reservoirs Needed
Also in the city's long-range
plan several more reservoirs are
considered, and plans for them
are gradually taking shape.
"Because of increasing popu
lation," said Franzen before he
left for Portland Tuesday, "we
have to look ahead for an addi
tional source of water. The Big
v.mi aam is a 'natural.' It will
afford plenty of good water with
lots of head."
Although the city has not vet
made a formal application for
an appropriation of watur from
the Detroit project, assurances
(Concluded on Pate 5, Column 6)
Full Operation
First of July
The West Salem plant of the
National Battery company will
return to full production about
July 1, in the opinion of H. J.
McKay, vice president of the
company who was in Salem to
inspect the plant Monday.
For several months the plant
has been operating at about 50
percent of capacity. Demand is
growing in the northwest, where
the plant has its main market,
McKay says.
He believes the West Salem
plant will be able to meet the
demand for some time, and no
additional plants in this region
are planned now.
For several weeks McKay has
been touring the United States
and Canada visiting various
company plants. Speaking of
business in general, he said he
saw no threat of a business re
cession unless the people let fear
of one overcome their good
judgment. Oregon and Texas, he
said, seem to be keeping their
economic equilibrium better
than other states.
Business, thinks Mr. McKay,
is leveling off, the law of supply
and demand is beginning to
work, and the country doesn't
need anti-inflation legislation.
A luncheon for Mr. McKay
was given at the Marion hotel at
noon Tuesday. Present were Mc
Kay, George Lewis, Clair
Brown, William H. Baillie, Ma
yor Robert L. Elfstrom, Mayor
Walter Musgrave of West Sa
lem, James J. Walton, and Man
ager Clay Cochran of the Cham
ber of Commerce.
'Booby Trap for Labor'
Found in Truman CVA Bill
Washington, May' 3 (IP) Rep. Horan (R., Wash.), said today
the president's bill to create a Columbia Valley administration
contains "a real booby trap for labor."
The section in the proposal which would give the CVA author
ity to remove any employe in discretion of the agency's board
provides the trap, Horan said.
The Washlngtonian made pub
lic a transcript of a radio speech
to be broadcast in his state to
night in which he said the "Tru
man CVA bill' is "an anti-labor"
measure.
He contended his own propos
al for a Columbia Inters t a t e
commission would guarantee "a
double measure of protection" to
workers, with the employes un
der civil service and covered by
the same labor-management reg
ulations which the federal gov
ernment applies to private busi
nesses. Horan said he was Quoting
from the Truman-backed bill
that "any employe of the admin
istration (CVA) may be removed
in the discretion of the board."
He added:
"There is no qualification
whatever attached to that sen
tence. In the Truman CVA bill.
backed by i party which claims
to be the friend of organized la
bor, in t bill which they have
asked labor to support and which
many labor leaders in the Paci
fic Northwest have supported
Rent Increase
Formula Fails
To Give Details
Washington, May 3 P) The
government came up today with
a new formula for figuring fair
rent ceilings but it provided
no immediate answer on how
much it will Increase rents.
The new formula will be ap
plied to the 14.000,000 dwellings
still under federal rent control.
It was worked out under orders
from congress to provide the
landlords with a "fair net op
erating income."
Housing Expediter T i g h e
Woods last night announced de
tails of the new "yardstick" de
signed to provide property own
ers a net operating income of
25 to 30 percent on rental units.
Questions Unanswered
The new policy. Woods said,
will not mean a general, across
the board hike in the nation's
rent bill. But in announcing the
basis under which all future
rent increases will be granted,
the housing director left unan
swered: 1. How much will average
rents go up under the new rule
which congress ordered in ap
proving the 15-month extension
of federal rent controls?
2. How widespread will new
increases be and in what areas
will they occur?
Woods said, in effect, that
these questions now are a mat
ter for landlords and tenants to
determine with area rent of
fices acting as referee. .
New Policy Outlined
Under the new policy, "small"
landlords those renting one to
four dwelling units will be al
lowed rent increases if net in
come is less than 25 percent oi
gross income. In such cases,
rents will be upper to a 30 per
cent level.
For "large" landlords those
renting more than four units
increases will be permitted to
bring net income to 25 percent
of his gross if the net figure is
now below the 20 percent mark.
Woods said it was impossible
to tell how many rents will be
increased under the formula.
No accurate figures are avail
able to show how much land
lords' net operating Incomes
now average.
Percentage Given
The percentage is the amount
of rent from the property not
the amount of investment. For
instance, say a house rented for
$100 a month. That is $1200 a
year.
If the landlord was entitled to
a 30 percent "fair net operating
income," that would be $360 a
year meaning the amount he
should have left after payment
of taxes, maintenance, and
making a reasonable deduction
for depreciation.
If he had $10,000 invested in
the property, his net operating
return on investment would be
3.6 percent. Actually, the for
mula takes no account of in
vestment except indirectly
through the factor of deprecia
tion. New York, May 3 W) Hous
ing Expediter Tighe Woods
said today both landlords and
tenants would be happier under
the new rent regulations.
But even as Woods spoke at
a businessmen's meeting here,
a city-wide rent strike against
any increases was urged.
without question in that bill Is
a provision more devastating to
the rights of labor and the
workers than in all of the 29
pages of the much-maligned
Taft-Hartley act put together . .
"There is no provision for ap
peals, no requirements to show
justification for firing an em
ploye, no provision for turning
the disputes over to a third par
ty for settlement, no syttem of
mediation in case of disputes, no
machinery of avoiding or settling
costly strikes, no protection of
the most important utility op
eration in the Pacific Northwest
against sabotage except by de
nying the rights of innocent
workers.
"In short, the CVA proposal
presently before congress is an
anti-labor bill."
Horan said the CVA bill would
authorize the corporation to bar
gain collectively with Is labor
ers but would not require It.
"It gives no guarantee to la
bor that an agreement once
made," he said, "will not be
broken by the corporation the
next day."
Shanghai's Defenders Move In Members of Shanghai's
garrison command rest in front of Birtish-owned Cathay
hotel, while officers successfully dickered for living space.
The manager said he expected about 80 "guests " Shanghai
factory owners had requested protection for their plants and
this move was the result. The Broadway Mansions, Palace and
Park hotels were also housing troops. (AP Wirephoto via
radio from Shanghai)
Suit Against R. E. Jones
Dismissed by Plaintiff
The $30,000 suit of Horisho Kaneko against Ronald E. Jones
and Labish Celery Growers Cooperative association was dis
missed on motion of the plaintiff's attorneys just as it was about
to go on trial here Tuesday morning in circuit court before Judge
George R. Duncan without a jury.
Death Decreed
For 7 Rapists
Martinsville, Va., May 3 W)
Death in the electric chair had
been decreed today for seven
Negro men found guilty of rap
ing a white Martinsville house
wife five months ago. v
' The last two of the sever! de
fendants, James Luther Hairs
ton, 19, and John Clabon Tay
lor, 20, were convicted last
night by a Martinsville circuit
court jury.
Hairston and Taylor were
tried jointly on motion of their
own attorneys. Their conviction
climaxed the series of almost
identical cases which opened
April 18.
Eleven days of court proceed
ings were required for the sev
en to be tried and found guilty
of raping Mrs. Ruby Stroud
Floyd on the night of January
8 as she walked in the Negro
section of East Martinsville.
Identified by Mrs. Floyd as
those who raped her "12 to 14
times" on the Danville and
Western Railway tracks and in
a nearby wood were James
Hairston, Taylor, Joe Henry
Hampton, 20; Frank Hairston,
Jr., 19; Booker T. Millner, 20;
Howard Lee Hairston, 19: and
Francis DeSales Grayson, 37.
Atlanta Unmasks
Ku Klux Klanners
Atlanta, May 3 IIP) No longer
will this capital of the Ku Klux
Klan allow the hooded order to
wear masks in public.
The city council voted unan
imously yesterday to outlaw
masks except for holiday cele
brations such as hallowe'en.
The ordinance, introduced by
Councilman Archie Llndsey,
sets punishment at 30 days In
jail and a $200 fine for persons
wearing masks in public.
The night before the council
meeting, Llndspy reported an
emblem, shaped like a klans
man's hood and bearing a cross
and the initials K.K.K., was
placed on his front porch.
A little later, he said, an an
onymous telephone caller told
him: "For your sake and safe
ty, the klan must not be unmask
ed."
THE WEATHER
(Released by United States
Weather Bureau)
Forecast fnr Salem snd Vicin
ity: Increasing cloudiness to
night with rain beginning by
morning, becoming showry by
late afternoon. Little change in
temperature. Lowest tempera
ture expected tonlsht. 43 de
grees; highest Wednesday, S3.
Maximum yesterday 58. Minimum
today 37. Mean temperature yen.
terday M which was 4 below
normal. Total 34-hour precipi
tation to 11:30 a m. today .11 of
an Inch, Total precipitation for
the month 153 Inches which Is
137 Inches above normal. Wl.
lamette river height at. Salem
Tuesday morning. 14 feet.
On behalf of the plaintiff his
attorneys said that they found
they would be unable to stay in
court on the theory on which
the case started and therefore
asked that it be dismissed.
Whether an effort will be made
to proceed anew on any othci
theory was not stated. B. B
Skulason and C. W. Powers of
Portland appeared for the plain
tiff and Bruce Spaulding of Sa
lem for the defendants.
The case had come up to trial
based on a complaint and a lat
er amended complaint.
The plaintiff, a Japanese
evacuee from Lake Labish dur
ing the war, had alleged in his
complaint that the board of di
rectors of the cooperative voted
Jones $30,000 to be paid in in
stallments of $10,000 each dur
ing 1946 and 1947, that the sums
were paid and he asked the
money be returned with Interest
from the various installment
dates. He charged the sum was
paid without consideration
The defendants in their an
swer admitted payment of the
sums but denied that they were
paid without consideration.
In the original complaint
filed it was cited that the plain
tiff and others were, evacuated
1942 and entered into an
agreement with the cooperative,
granting power of attorney, to
harvest and market the crops
and retain for itself one-half of
the net profits to which the de
fendant Jones, consented
averred, that complaint. It also
was alleged in the original com
plaint that a net profit of $36,
851.29 was realized and collect
ed by the association as its one
half profit. These allegations
had been deleted from the
amended complaint which in pf
feet -merely charged the $.10,000
was paid over without consid
eration which the defendants de
nied, "particularly" as to alleg
ed lack of consideration.
Pat's Bridge to
Close for Repair
As a result of a conference
between County Commissioner
Ed Rogers and County Bridge
Foreman Ted Kuenzi of Mar
lon county with members of
the Clackamas county court at
Oregon City Monday afternoon,
the Clackamas court ordered
Pat's bridge over the Pudding
river west of Barlow at the
Clackamas county line In the
northeast corner of Marlon
county closed to all traffic pend
Ing repairs.
The Marlon county officials
Clackamas county court to what
it alleged was a dangprnus con
dition on the bridge that might
result In serious or even fatal
consequences. They said exam
ination has revealed the center
chord had parted under a sill
and also that two others had
spread several inches causing
a list of the structure,
Boys Held In Rosehurg
Roseburg, Ore., May 3 UP)
Two 13-year-old boys who alleg
edly stole a car from Orcgoniand Jean Chauvel maintained
City and abandoned It at Grants the secrecy which has surround
Pass, were being held here for ed the 10 weeks of talks since
Oregon City authorities today. Jessup first talked to Russia's
!
it " .-'
'
River Due to
Rise to 17.5
The muddy waters of the Wil
lamette are due to hit a crest
of just under 17.5 feet at Salem
by Wednesday afternoon, or
2.5 feet below flood stage, it was
announced at the weather bur
eau Tuesday morning.
The figure will set a new May
record for the river here, the
previous May record for a spring
river freshet at Salem being 14.5
feet, reached in 1896. The local
gauge Tuesday morning showed
the river passing the 14-foot
stage.
Crests for the mid-Willametle
and lower valley were revised
Tuesday with greater quantities
of water rolling northward. Pre
viously, the crest was forecast
for 15 feet at Salem.
From Eugene on north of
Harrisburg the Willamette was
falling Tuesday. Corvallis and
Albany stations are due to
reach their crests of 19 feet to
night. The record late-spring Willa
mette river freshet is threaten
ing the low-lying waterfront
installations In Portland by Sat
urday. The lower Columbia, in
creased by the waters from the
Willamette and the Snake, will
flood low pasture lands down
river from Vancouver, reports
Elmer Fisher, weather bureau
river forecaster at Portland.
"In terms of a winter flood
this one is small, but It is re
garded as big now only because
the river rarejy gets so high
this late In the spring," said
Fisher regarding the Willamette
No new report was in from
the Sanliam In the Jefferson
area Tuesday morning. The riv
er there Monday flooded over
its banks, reaching 17.2 feet, or
4.2 feet above flood stage. On
ly pasture lands adjacent to the
river were reported suffering
any damage.
The rain let up some late
Monday and Tuesday morning,
only .11 of an Inch being re
corded in Salem for the 24-hour
period ending at 10:30 a.m. to
day. The forecast is for rain to
begin again tomorrow morning
to become showery by late af
ternoon. Two Army Fliers Killed
The Dalles, Ore., May 3 UKi
Two army fliers were killed at
10:30 a.m. today when their li
aison plane crashed npar Five
Mile locks of The Dalles-Celilo
canal east of here. The plane, an
L-16, took off from The Dalles
airport.
Berlin Blockade May Be
Lifted Early Next Week
New York, May 3 (IP) The three big western powers were re
ported today to be completing
Berlin blockade to lay before
Speculation In some quarters
the blockade as early as next week.
A state department spokes-
man Indicated there was a pos
sibility the envoys of the Unit
ed States, Britain, France and
Russia would meet some time
today.
But Philip C. Jessup, U. S.
amhassador-at-large, denied re
ports that a four-power meet
ing had been scheduled at 1 p.m.
(9 a.m. PST) in his office at 2
Park avenue.
The Joint declaration will pro
pose dates both for lifting the
blockade snd convening the
council of foreign ministers for
a dicsusslon of the whole Ger
man question, it was under
stood. Officially, Jpasup and the
British and French representa
tives Sir Alexander Cadngan
Ray burn Takes Floor
to Urge Support;
Pres. Green Objects
Washington, May 3 Wi The
new democratic labor bill passed
its first test today when the
house refused to knock out a
provision for 80-day Injunctions
against iimiuiiMi emergent;
strikes.
Rep. Perkins (D., Ky.) sought
to strike out this provision which
is opposed by labor unions.
The vote, taken without a roll
call, was 238 to 132.
Speaker Rayburn (D.. Tex.)
took the floor to urge that the
house accept the new bill.
Let's be Just," he implored.
"Let's be fair. Let us not move
in an atmosphere of passion."
Galleries Packed
The spectators' galleries were
packed. Rayburn was greeted by
applause from the democratic
side as he walked to tne wll if
the chamber to speak. Memhers
of his party stood to applaud
when he finished
But it was evident that the
compromise stirred considerable
resentment among many labor
union men and some of their
supporters in the house.
Objections Wired
While Rayburn was speaking,
A F L President William Green
announced down town that he
had wired Rayburn objecting to
the administration's agreeing to
national emergency strike in
junctions. "Such a provision would be
objectionable and unacceptable
to the membership of the Ameri
can Federation of L a b o r,"
Green's telegram said.
The compromise is far differ
ent from the simple T-H repealer
unions want. For one thing it
would continue the present law's
80-day injunctions for dealing
with national emergency dis
putes, but some of the proced
ure in the section would be
changed.
In two respects the bill
would impose new restrictions on
employers.
It would require them to file
detailed financial statements,
similar to those required of la
bor unions. Also, it would ex
tend the loyalty and non-commu
nist oath not only to principal
officers of unions and firms but
to policy-making groups as well
Non-communist oaths are re
quired now only of union offi
cers, and only unions have to
make detailed financial reports
if they want to use national la
bor board facilities.
ALCO Anti-Trust
Suit Dismissed
New York, May 3 UP) The
government anti-trust action
against the Aluminum Company
of America was postponed In
definitely in federal court to
day. No reason for the adjournment
was given.
The action involves a depart
ment of justice effort to have
Alcoa's holdings reduced under
a court ruling that the alumin
um firm was a monopoly as of
1940
In turn Alcoa asked the court
to rule that it no longer has a
monopoly in the aluminum in
got field.
Potato Program Extended
Portland, May 3 W The fed
eral government's potato pur
chase program is being extend
ed to May 15, the state office
of the USDA production and
marketing administration said
today.
a Joint declaration of policy on the
Russia within 24 hours.
was that this would call for lifting
Jakob A. Malik on the subject
Usually well Informed quar
ters, however, said it would be
safe to speculate on these dates
in connection with the western
position MBy 11 for ending the
blockade and May 25 for the
council of foreign ministers.
Russia's two top represcnta
lives here, Malik and Deputy
Foreign Minister Andrei A. Gro
myko, spent the morning at
Lake Success where they are
delegates to the United Nations
assembly.
These reports followed
meeting of British, French and
American envoys here yester
day which lasted for more than
an hour. The only official an
nouncement after this session
was a terse communique saying
the blockade discussions still
were progressing "satisfactori
ly."
Ships Revealed
Kwangteh, Important
City Captured by Red
Troops; Tatung Falls
Shanghai, May 3 (IP) United
States, British and French naval
craft left the Shanghai water
front because of a reported com
munist plot to block their pass
age to the sea, a U.S. navy
spokesman said today.
The spokesman, from the
staff of U.S. Vice Adm. Oscar C.
Badger, said "reliable sources"
told the United States navy that
communists planned to scuttle a
ship near Woosung, the Chinese
nationalist garrison, that would
have blocked the larger ships
from the sea.
The spokesman evidently dis
closed this "plot" to offset accu
sations that the U.S. navy had
"run out" on communist threat
ened Shanghai.
Tip Is Given
Details of the "plot" came
from the same source which had
previously tipped the navy the
communists had a similar plan
to bottle up naval vessels in
Tientsin earlier this year, the
spokesman said.
The navy evacuated numer
ous persons from Tientsin short
ly before the city fell and tht
route to the sea was cut
"Nipped In Bud"
The navy spokesman said the
Woosung "plot" was "nipped in
the bud." He declined to give
details saying it was a Chinese
matter.
He said after the plot was
"nipped" the American Presi
dent Lines liner President Wil
son came up to the Shanghai
waterfront past the Soosung
garrison. The Wilson tied up at
a bund pier and evacuated 300
persons after an overnight stay.
Shanghai, May 3 VP) Kwang
teh, important city midway be
tween Wuhu and Hangchow, has
been captured by Red troops,
the Peiplng communist radio
said today.
(Concluded on Page 5, Column 5)
Old Age Bill
Approval Urged
County Judge Grant Murphy,
in his capacity as president of
the Association of Oregon Coun
ties representing all the counties
of the state, has written Gov
ernor Douglas McKay urging
that he approve public assistance
legislation now before him. The
judge says he realizes that the
governor is "being bombarded
every day by the organized in
terest in favor of public assist
ance to veto" the measure but
on behalf of the counties he says
he strongly urges approval In
stead.
"I believe that the organized
pension people are over-emphasizing
the sentimental part of the
legislation creating a prior lien
on the recipient's property," says
the judge in his letter. "It fur
nishes security to the pension
ers in that it guarantees them a
place to live during their life
time and, moreover, in many cas
es the owner has only a small,
perhaps no capital Investment In
the property as they are often
acquired on deferred payment
contracts from grants from the
welfare commission given in lieu
of rent.
"The other feature of the law
that is being hammered is the
requirement that members of the
family assist in caring for their
parents. The exemptions pro
vided in this bill are generous,
and certainly anyone who has
an Income grpater than the
brackets of exemption In It ought
to assist in supporting their par
ents. "The Association of O r e g o n
Counties has been on record for
a number of years In favor of
making the property of a recip
ient of public assistance subject
to a prior lien and legislation re
quiring members of the family to
support their parents. Speaking
for the association I am very
strongly urging you to approve
the measure."
Recession Held
Relief to Millions
Washington. May 3 (IP) The
president of the United States
Chamber of Commerce said to
day that a "recession from post
war peaks" of business Is Inevit
able. He added that it will bring
"overdue relief to millions of
consumers."
Earl O. Shreve. in the key
note address at the Chamber's
37th annual meeting, also told
some 2,500 business leaders:
"When the current readjust
ment has run its course, and
buying for Inventory replace
ment revives, business should
find Itself on a sounder and In
finitely mora satisfactory basis."