The Durant news. (Durant, Miss.) 1882-1985, 1941-08-21
"BEHIND THE SCENES IN
AMERICAN BUSINESS"
By John Croddock

ING-Empowering of Federal Reserve boaEo
to set up regulations governing lnstalmenl
financing has two-fold purpose: 10 guard
AGAINST initiation and postwar slump by cur
bling public's tendency, in times OF expanded
payrolls, to "buy beyond its future income,
and to slow down somewhat the consumer
demand for many goods and articles using
materials needed for defense production.
Autos and major household appliances Will
he most vitality affected by degree OF con-
trolls to be imposed since ABOUT tWo-lnlio
of all autos. and about three-fourths OF all
refrigerators, stoves and washing macnnes'
are sold on the instalment basis Regulation
will be along two main lines - requiring
larger down payments, or shorter terms 1of
having up, or both. Metropolitan depart
ment stores aren't too much disturbed pS
immediate prospect. Despite relatively hiSH
unit prices for big household appliance,
these sales in 1910, for instance, representeo
only 81 per cent OF total safes ol ha''oi
department stores.
WINNING IN AIR-The struggle to Dust
German-Italian airline control over Strategic
South American routes is showing the pc
pinnings of an interesting victory tor Amer
can-controlled airlnes Recent figures report
ed by C.. V. Whitney, board chairman OF Fan
American Always, show that since the out
break of the European war, alrllneS operaC-
ed or sponsored by Americans In SoutA
America have gained Two route miles To-
every one lost by Axis operated lines. Ih~
net loss sustained by the AXIS from Septenl
Der 3. 1889, to August 6, last, totals S,l1o
miles. while IT, S. operated or influenced air
lines gained 1896 miles, according to tht
Pan American report Whitney described
Axis airline operations in South America as
time bomb" aimed against the Americas.
NORTH OF THE BORDER-Since we may
Il 10 ninl/ nply ofn n
dous upsurge in industrial activity produced
by defense program news of a similar stmu-
lation of business and production IN our
northern neighbor, the province OF QueDec,
may be of interest. According to official
word from the Hon. Adelard Godbout, prime
minister of the big French-Canadian provl-
nee, the impact of the war has brought new
all-time highs of production in many lines OF
essential raw materials. The shortage OIL
skilled labor, which has been a serious handl-
cap elsewhere, has beelA less keen In quebec,
where diversity has long characterized IN.
dustrial activity, he reports. Programs OF
training set up by employers within their own
establishments, and by the government pro-
vision of new technical courses in schools,
haven been big help, too Ever with all
this activity, the province has been able to
carry on as handsomely as ever with her
huge tourist industry" Indeed, the tourist
trade, the prime minister reports, has shown
steady increase since the start of the war,
and this year will see an all-tlme nigh IN
American visitors Mr. Godboul points out
that this heightened tourist activity has a
mother very significant effect, in providing
Canada with United States funds with which
to paw for the great armament supplies
which the great American public is provd-
ing for our common cause.
WEDDING BELLS-Behind the contract
by which Aluminium Company of America
the other day voluntarily turned over to
IVA the direction of Alcoa's huge hydro
electric power system in the Tennessee val
lev is more than desire that the utmost
power development of the valley be assured
for national defense. There is also a record
of some five years amicable cooperation be-
tween the two, which undoubtedly promptee
l. W. Wilson, the cOmpanys vlce-preSlder.
in Charge of operations, to state that W>
have been betrothed for some years and lhlS
constitutes the marriage contract. DaVi
E. Liliethal, IVA vice-chairman, character
ling the agreement as lone OF the most I'M
portant developments in the relations be-
tween government and business in our time,
said that the indignation alone would in
crease productive capacity of IVA by 22,-
600 killowatts. enough to make 22O00, COS
hounds of aluminium year. Under the con-
tract Alcoa turned over without cash COM
pensation the famed Fontana damsite, lar
gest remaining undeveloped power site in
the East When the $50 100000 dam is COM
pleted the company's existing dams down.
stream will receive certain benefits. Fontana
is expected to produce 100000 kiloWatts
represent good prices for the stock sold.