Evening star., 1935-04-16
HEDGING CHARGED
TOBARUCH BY NYE
Munitions Prober Would
Take Profit Out of War
to Remove Danger.

Bernard NJ. Baruch, head of Presi-
dent Roosevelt's Anti-War Profits
Commission, and Senator Nye, Repub-
lican of North Dakota, chairman Of
the Senate Munitions Committee,
which is drafting legislation to take
the profits out Of war, were in oppos-
ing camps today, after fiery exchange
which forecast more intensive battling
before Congress has a final say on the
issue.
Speaking last night in the National
Radio Forum. arranged by The Star
and broadcast over Nationwide net
work Of the National Broadcasting Co.,
Nye, taking cognizance Of Baruch's
criticism of the Munitions Committees
legislative program, said the latter was
hedging" on his previously-expressed
support of the move to curb war
profits. Baruch had described the
committee plan as likely to lead either
to defeat in war or communism. 1t
would take away all corporate profits
over per cent, all individual incomes
over $4,000 and put industrial leaders
under wartime discipline.
WOulu Remove Front.
The Senate committee will go into
executive session in a day or so to
weld its program into the McSwain
plan, which already has passed the
House This latter. which Nye said
last night is inadequate" contains
many of Baruch's ideas. including a
proposal to put ceiling" on profits
in war time
Nye said the Munitions Committee
didn't expect its bill to ''end war"
but that he was firmly convinced
that if We remove the profit from pre-
pairing for war, and then destroy in
every American mind the prospect of
profit from war, there will be far less
danger of war"
He expects the legislation to be
| ready for Senate consideration next
week.
Taking Profit Out Of War.
The text of Senator Nye's address
is as follows:
Strange contradictions confront the
| world. These contradictions would be
less difficult Of understanding were 1t
not for the fact that they arise in the
face Of firm contrary resolutions OF
such recent making as to cause us at
! times to wonder II we are in our right
minds Indeed, there is an abundance
Of evidence disclosing that civilization
| is of unbalanced mind. Perhaps it is
unfair to thus indict all people Of the
world. 1t might be that only the lead
ers Of this age are deserving of that
classification. But at once We are
confronted with the question, Who
makes and keeps these leaders II it
isn't the people?"
In any event. we find a world Of
people unalterably opposed to more
war and convinced that another war
would be the undoing of more races
than one There is wide acceptance
| of the belief that the world could not
possibly carry the burden of another
war. Yet. though this belief exists,
the governments of these people are
madly racing in preparation for more
war. Only few years since the war
to end war we find all the powers
with larger military budgets than were
ever known in peace time. Our Amer
ican increase in military expenditure
has been greater than that Of any
other land and we will next year
spend on our Army three times as
much as We were spending the year
before we went into the war to make
the world safe for democracy and to
end war;
When Is Defense Adequate?
I stand with those who want to see
our country amply provided with such
preparation as will find us with an
adequate defense against attack by
foes who would make so bold and
foolish as to attack our shores or bor-
ders. Plainly, any preparation beyond
that ceases to be national defense"
Those who constantly harp about the
inadequacy Of our national defense
are no more satisfied with our defense
Of today than they were with our de-
tense in 1915, when We were spending
but a third of what We are spending
now in the name of national defense.
Next year We will spend on prepared
ness for war more money than it was
costing the United States In 1914 to
run all its establishments Of govern
ment, including the Army and Navy.
Who will answer, when will our de-
tense be adequate?
AS a matter Of fact, the issue Of
national defense has become the dis
guise Of profit-hungry men who like
nothing better than these armament
races between nations. Arming a
nation and the world has become
racket that either does not recognize