Evening star., 1934-12-13
WAR PROFITS RAM
TO S2 PER CENT
Scores of Firms Shown to
Have Made Big Gain With
US. Contracts.
fContinued From First Page.)

EAoAAi Aos sNoS-L
Curtis, 1915 to 1919; Henry p. Dav-
ison, 1915 to 1917; Cleveland H. Dodge,
1915 to 1918: Mrs. Frances @. du
Port, 1916 and 1917; Henry F. du
Pont, 1915 and 1919; Pierre S. du
Pont, 1915 to 1917; Thomas Coleman
du Pont, 1915 to 1918: William du
Pont, 1916; Alfred I. du Pont, 1916
and 1917; James B. Duke, 1916 to
1918: Edsel Ford, 1920; Henry Ford,
1915 to 1920; Adaline H. Frelinghuy-
sen, 1917 to 1920; Henry c. Frick Of
Pittsburgh, 1915 to 1918; Robert Wal
ton Goelet, 1915 to 1917; Joseph r.
Grundy, 1920; Anna M. Harkness,
New York, 1915 to 1920; Edward S.
Hardness, New York, 1915 to 1920;
Arthur Curtiss James of New York,
1915 to 1920; Mrs Catharine Jamison,
New York, 1915 to 1920; George F.
johnson, Endicott, N. Y, 1916 and
1918. and Thomas w. Lamont. 1915
to 1917.
President Roosevelt made his sug-
eestion for cooperation during a
talk with Senator Clark. Democrat,
of Missouri, a member Of the Num-
tions Committee.
When the President named group
yesterday to investigate war profits
several Senators were irr1tated be-
cause that action was taken before
they had finished their inquiry.
Roosevelt Opens Subject.
The President brought up the sub
ject, Clark said.
Mr.. Roosevelt told me he ex-
pected his War Profits Committee
to cooperate with our Senate Com
mittee and VIC -sa," Clark added.
Bernard NJ lch, former War
Industries Board chairman who Is
heading the Roosevelt Committee to
draft legislation, said the President
and his group would consult freely
with members of the Senate and
House.
IT see no basis for conflict between
the two committees" Clark said.
1--WE are trying our best to get
something done and welcome aid"
A warning that any attempt to
sidetrack the Senate arms inquiry
would lead to q bitter fight in Con-
sress had come earlier from mem
bers of the Munitions Committee.
Cardinal Points Stressed.
At the same time, it became clear
the program to be drawn by Baruch,
Hugh S. johnson and other proml-
nent New Dealers named by the
President probably will center around
these cardinal points:
l. Should war break out. prices
would be frozen" Immediately TO
prevent skyrocketing.
2. War profits would be seized by
drastic taxation. A 1882 report OF the
War Policies Commission, on which
the Presidents new board will base Its
study. urged a 95 per cent tax on all
income above the previous three-year
average"
3. MACHINERY would be created for
the swift mobilization of the Nations
industrial resources in time CT con-
flict.
The Baruch board studied yester-
day the recommendations OF the war
Policies Commission, composed OF
cabinet officers and members OF Con-
gress who reported in 1882 on the
war profits problem. The War De-
partment, it was learned, will revise
this report and submit it to later
session of the board.
The War Policies Commission,
whose membership included Senator
Vandenberg and Secretary Swanson,
urged that Congress authorize the
President, if war comes:
ITO institute a program under
which prices may be stabilized and
thereafter adjusted at such levels as
will minimize imitation and will Sc
cure to the Government the use Of
private property needed in the prose-
cution of the war without affording
the owner thereof profit due to war"
The commission in suggesting the
95 per cent tax also proposed a con-
stitutional amendment that would
make possible, beyond a shadow Of
a doubt, Congress authority to make
the changes. Now the sentiment in
high quarters appears to be that such
an amendment is unnecessary.
Chairman McSwain Of the House
Military Affairs Committee, who was
on the War Policies Commission, dis
A4OSCo 1iC ID pld2lAAAiAS q jail W tdhC
the profits out Of war. At first, he
said. he thought an amendment would
be needed. but in view of the more
liberal attitude of the Supreme Court
recently. I now believe that If the
legislation were made effective only
in the emergency of a war the Su-
preme Court would sustain it. There
fore, I have been drafting bill to
that end"
Baruch. head of the War Industries
Board, which ruled the Nations in
dustrial mobilization in 1877 and 1918,
is known to have decided views on
the problem. Once he said:
I'VE take an enormously long stride
forward, and one that will be at
tackled bitterly by the conservatives,
when we advocate to clamp down on
profit making and seek to skeletonize
it and eliminate it in war"
He and johnson, former Blue Eagle
chief, who was obviously pleased at