The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1926-04-01

not nave card or the war industries
Board In his window could sell shoes,
and only the standardized shoes could
be sold No jobber or manufacturer
would sell shoes TO anybody who did
not have this card The shoes were
TO be stamped Glass A. or and had
to be OF the quality prescribed and
sold at the price fixed The country
was so organized In every district that
there could be Immediately reported
to Washington the name OF any shoe
retailer who did not carry out the reg
tilations OF the War Industries Board
as to price and quality Through re-
strictions on his labor, money. raw
materials and transportation no man
nfacturer would have been permitted
to sell to any dealer violating the reg
ulations The Armistice stopped the
execution Of this plan
Another plan OF this nature The
manufacturers of mems and women's
wearing apparel had in 1918 been call
ed to Washington, together with the
retailers OF various goods. and notified
that regulations would have to be
made in regard to retail prices and
Standardization OF clothing.
The rulings by the board were made
known through the issuance of official
bulletins at irregular intervals and
were widely distributed by the press,
which co-operated in this most neces-
sary work with a whole-hearted pur.
pose that gave to the orders OF the
War Industries Board the instant and
broad circulation they required
Mr.. Hoover already was doing much
TO perfect his control of food products
and prices There was also talk OF
fixing rents. and In some cities this
was done
II we we're to start. In the event OF
another war, at the place where we
were industrially when the World War
ended, the President acting through
an agency similar to the War Indus
tries Board. would have the right to
fix prices OF all things as of a date
previous to the declaration OF war
when there was fair peace time rela-
tionship among the various activities
OF the nation. II would be Illegal to
buy. sell. serve or rent at any other
than these prices Brakes would be
applied to every agency OF imitation
before the hurtful process started An
intelligent control OF the flow of men.
money and materials would be i'm
posed. instead OF having the blind pan
tc heretofore ensuing on the first ap.
pearance OF the frantic demands %
war The Draft Board would have be
fore II the rulings Of the priority com
mittee, together with the estimated
needs OF every business and profes.
sion In its relationship to the conduct
of the war, and men would be select
ed accordingly The Draft Board
could more intelligently decide, with
the advice OF the priority committee
many OF the problems with which II
would be faced There would be no
sending OF men to the trenches who
were needed for expert industrial war
work and then bringing ten back
again, Businesses not necessary to
the winning OF the war would be cur
tailed. The Draft Board would have
that information before IT,
The prices of all things being fixed
the price fixing committee would max,
any necessary adjustments. as wa
done during the war Under the sys
tenn used in 1918 these prices werc
made public and adjusted every three
months, so that any consumer or pro.
Queer had his day In court when he
considered prices unfair Those who
complained that during the war prices
were too high had this ready recourse
to hand
In the meantime all the Industries of
the country would have been modified
by the formation OF committees repre-.
sentative OF each industry ae was
done in the World War Over them
would be placed government direc.
tor or commodity chief. The various
government departments would ap
point committees representing their
requirements. so that on one commit.
tee the resources of the nation would
be represented and on the other the
demands OF the government The gov
eminent director would stand between
to decide, in conjunction with the pri.
GRITTY committee. to what department
supplies should go
Money wo"'d be controlled and N
rected like anV other resource TAX.
ing the profit out OF war" is not
synonymous with transcription Of
wealth" as II Is sometimes regarded
The latter is a theoretical project pro
hibied by orr Constitution. contrary
TO the spirit OF our social and political
institutions. and impossible in prac-
tice Taking the profit out Of war is
an orderly and scientific development
Of the economics and conduct OF mod
ern war, necessary to the effective
mobilization of natior@l resources and
indispensable to eGeal,lng the bur
dens OF war among the armed and
civilian population Born OF expe.
rience and proved by practice, II re
moves some of the most destructive
concomltants OF modern war-the con
fusion and waste incident to war time
imitation
This term transcription OF wealth, :"
ueed by so many, has created a hope
among those Of socialistic tendencies,
and fear among those who. like me,
believe in our system based upon per.
sonal initi five and reward OF a TAX
Ing OF money. without payment. for
the use OF State. Neither the hone
nor the fear is justified by the recon.
mendation herein contained or by our
experience in the war. The use OF
money should be controlled and d.
rected In national emergency A
man should no more be permitted to
use his money as he wishes than he
should be permitted to uae the pro
duction of his mine. mill or factory
except through the general supervls.
ing agency. This was being done 10.
ward the end OF the war.
During the final phase OF the World
War no man or corporation o. instilu
ton could raise money without the
approval IF the Capital Issues Commit
tee II 20 Treasury Department. which