Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1918-11-25
ASK SLOW CHANGE
TOPEACE TRADING
Two Associations Request
Government Not to Can
eel Contracts Abruptly
WANT PRICES KEPT UP
Credit and Hosiery Men APP
peal for Careful Readjust-
ment of Business
WANT PRICES KEPT UP

Two national trade associations have
TO cancel war contracts abruptly. one
also asks that there be no summary
lowering of commodity prices, fearing
disruption of business.
The appeals TO continue war contracts
until they are completed have been made
by the National Association of Hosiery
and Underwear Manufacturers. which
has it's headquarters in this city, and
the Council of Credit Defense of the
National Association of Credit Men.
The credit men ask that present prices
be continued to a gradual readjustment :;
industry be permitted to participate in
the readjustment. and that credits be
kept liquid by substituting negotiable
instruments for open accounts.
The hosierymefl have acted in antici-
patton of general stopping of work
on textile contracts for the Government.
resolution forwarded to the Secretary
of War, Secretary of the Treasury and
the war industries board urges:
That the proper authorities give i'm.
mediate consideration TO the question oi
public interest here involved, and that
these contracts be continued until theil
completion. to the end that these work
ers may not be thrown out of employ.
ment, and that manufacturers may
while thus engaged In the completion OF
Government contracts, be enabled to di.
vert their product to ordinary and nor
NAL civilian goods.
at was the sense of the meeting
that there would be enough people out
of employment in the next two months
from the shutdown of munition plants
without augmenting their ranks with
textile workers. who are working on use
full articles. and that if there was to be
prosperity in this country in the next
year. the purchasing power of the pub
lie must not be curtailed too drastically.'
1t will be the purpose of the credit
men, as announced by J. II. Tregoe. sec
reta1y treasurer of The association, tc
secure for this program not only the
Endorsement and cooperation of the 25.-
900 members of the association, but &c
impress the conclusions reached upor
the business men of the country and the
Government authorities.
1T iS primarily essential that the Gov
ernmcnt shall not at this time abruptly
terminate Government contracts upon
which the larger percentage of our in
dustrial resources has been concentrated
and which would merely serve to disrupt
the coordination between capital and
labor so spendidly achieved for the
prosecution of the war" said Mr. Tregoe
at is essential that the transition from
n war to a peace basis. in so far az
Government contracts are concerned, bt
accomplished in orderly and methodca
fashion and without undue haste.
'"The Credit Men believe that the Gov
ernment recognized this need and will
| be guided by these considerations.
The second conclusion reached is that
| the prices of commodities be not sud
denly lowered, that the stocks of mer-
chandise are in no sense excessive ex-
cept those accumulated solely for wal
purposes and that there is every reason
why. with the demands to be made upon
us from abroad, prices should not de-
| cline to a pre-war basis; that would
bring disorder and distress, if too sud.
denly achieved