Henderson daily dispatch., 1941-10-03
Six Per Ces.t Limitation
On Profits Will Not Pass,
Babson Says; Other Views

(CoGtinued From Page One)
featuring businesses. Cities have
protited, too, by groups of small
businesses which, because of the
diversity of their products, have in
times Of depression been able t. take
up some unemployment slack. Small
businesses often center around the
inventive genius of n man. In
the development, manufacture, and
marketing of some useful article.
these small businesses provide rela-
lively steady work for over 2.000,-
eco families.
II I'd work, long hours, and n2rV-
ous energy have kept these small
businesses going. They have paid
their bills and paid their taxes.
Many Of these concerns show 4 long
linz Of family ownership. There is
pride in such ownership and a de-
Votion to the management on the
part of employees of many years
standing. Such concerns have long
been a powerful f "tOr in raising
America from a back-WoOdS country
TO the worlds foremost industrial
nation.
The Kew Order.
Aiming the country is changing
the pat,eIn Of industry. 1t may be
no longer possible Tor a concern
70 manufacture what it is best equip
p>d to make or 10 function as de
sired by It's management. 1t IS sad
tnul every concern must sooner OF
! I.ttd conform to the new OF
DusIncsS-or else! Unless small DuSl-
ness can snap out Of 1t, thousands
Of factories may close and unempIoy-
munt VIII rise again. We would nave
famine IN Inc midst OF plenty
TWo-thirds Of our merchants are
finding thGtr normal supply OF many
goods drying up. 1t is harder to pur-
chase luxurI1s and many household
articles. Consumer goods production
will be restricted. This is a Na-
tural result of prlorltles and the
further shifting OF nOn-essentlal pro-
duction to defense needs. Heavy
taxes, together with forced savings,
will further reduce retail purchas-
ing power. All this is essential to
wartime economy, but it does not
help the small businessman.
Careful Planning Required.
Small businesses are having a
tough time in England. Little has
been done in fitting them into that
country's war effort. We here have
not yet fully profited by EnglandS
economic mistakes. 1t is apparent
however, that Washington is trying
to find way Of taking care Of the
small businessman SO that his lifetime
Of endeaVor may not be forever lost
In the first six months Of the wal
some 10000 firms in England folded
up. Certainly, Washington does not
want that to happen here.
The d. C. D. under Floyd Odlun
may supply part Of the answer. MIR
Odlum is capable and has hac
broad experience. Brought up in higi
finance, his difficulty may be in being
able to think only in terms of mil
lions whether applicable to dollars
or to materials. What the small bust
nessman wants is an approach to
his problem in terms Of relatively
slight requirements. This latter re-
quirement is being met by sub-con-
tracing clinics now being held by
O. p. M. throughout the country
Representatives of big companie!
and of small companies ore
being brought together. Many con-
tracts are higned on the spot. Hence
get in touch with your nearest clinic
Work For All.
1t is essential that all manufac-
trers who can do so enter defense
work Immediately. There is work fol
all types who intelligcntly approach
their problem. Nearly all small
plants can be converted to some
urgently needed defense endeaVor
| know of a small truck body manu-
facturer who cannot obtain steel
bolts, or even washers for his regu'
lar output. He can, however, make
signal corps Photographic laboratory
trailers.
Another manufacturer Who saw
present conditions approaching anc
Who could not get materials for his
regular lines has filled his small
shop with tank and shell loader
parts. He has bought some ma
chinery and obtained some on least
from an arsenal. Incidentally, arse
nails throughout the country have
supplied enormous quantities Of sur
plus machinery and are good fol-
more.
Federal Reserve and X. F. c.
Generating,