Evening star., 1940-05-01

Ter Z. Davis, member OF the B
ecutive budget. Creation Of budget
committee in the House and Senate,
he believed, could fix ceilings and
maximum figures on allowable ex-
penditures for any given year. The
Ways and Means Committees in the
House and Senate could then devise
tax legislation to fit the expendi-
lures.
The budget director, with an
adequate staff of experts. should be
given more effective, businesslike
controls over all the expenditures
of the executive agencies in order to
promote efficiency and economy in
government, he added.
Prentiss Deplores Name Calling.
Declaring short sighted radicals
in government are really a
very small minority" H. w. Prentiss,
jr., president of the Armstrong Cork
Co., Lancaster, Pa, pleaded that
both business and government be
PdtlCliI dIlu 1Ol COCdl AlS.
Let name-calling cease" he said.
Let both do all that they can to
quench the fires of class conscious
ness and hatred Let both groups
generate faith, hope and charity.
- For the crucial problems of un-
employment can be solved and
solved it must be in the near future
not in antagonism and hatred
but only in the spirit of mutual SYM
pathy and understanding"
William K. Jackson, general coun-
sci and vice president of the United
Fruit Co, declared at one Of the six
round table forums that in surrend-
ering neutral rights the United
States lost some of our own respect
and that of much of the civilized
world" Heavy losses were suffered
by American ship companies when
they were forced to surrender the
right to travel trade routes. Amer
lea should profit from the treachery
of the Norwegian invasion by exer-
cising greater care in the type of
men signed aboard American ships,
he added
Arbitration Leader Speaks.
Arbitration machinery, which is
expected to prove immensely helpful
in settling commercial disputes
arising from the European war, is
already in working order, Franklin
E. Parker of New York, president of
the American Arbitration Associa-
ton. declared.
Benjamin H. Namm of Brooklyn.
N. Y. department store proprietor,
declared many consumer organiza-
tions cannot be regarded as bona
f1de, but merely are fronts for other
organizations. The consumers best
guarantee of quality is not an elab-
crate label or grading system, he
said, but the honor and integrity of
the merchandiser
The United States will be the one
strong anchor in economic realities
among the democracies at the con-
clusion of the war, George E. Quis-
enberry of New York. vice president
of the Business Publishers Interna-
tional Corp, said. He pictured an
exhausted world, depleted of nearly
all the amenities and many of the
necessities of life. and said the
United States, as the major neutral
nation and leading industrial power,
will be In a position to serve the
weary world.
Loans From Gold Favored.
c. NJ. Wynne of Chicago, manag-
ing director of Overseas Indus
tries, Inc. declared the United
States gold hoard could be made
the basis for extensive foreign
loans which could be placed on a
self -liquidating basis. Foreign trade
changes already have begun, he
said, and the United States can fall
heir to much of the trade which
is being sacrificed by the belliger-
ents because they are industrially
preoccupied with the production of
war supplies.
National planning by the Gov
ernment is nothing more than a
cloak for a movement toward Gov
ernaent ownership and political die
tatorship, at least in the realm of
natural resources, said George Al
fred Hill, jr., oil company execu-
tive of Houston, Tex. Tracing the
growth of the oil industry. Mr..
Hill declared future growth of the
industry must depend on freedom
from what he called collectivism
under Federal control.
Insurance Commissioner Speaks.
George A. Bowles of Richmond.
insurance commissioner of Virginia,
declared the growth of insurance
In size and complexity had caused
commissioners to call for more de-
tailed information.
Insurance companies have MAIN
tanned the confidence OF the public
during the last 10 years, said C. A..
Cough OF Trenton, N. j., deputy in
surance commissioner of New Jer-
sey, declaring: Il am convinced that
this confidence has been promoted
by intelligent supervision of the
States. ="
The Bituminous Coal Act is rigid,
arbitrary and dNtatorial" in its
price fixing provisions, and more
effective conservation of the Ma
tion's natural resources could be
achieved more easily by building
OF efficient, progressive, financially
sound natural resource industries" !"
j. D. A. Morrow, president Of the
Pittsburgh Coal Co., declared.
Charles G. Dawes, 3oth Vice Presi-
dent Of the United States and first