Evening star., 1941-07-20
By Raymond p. Brandt.

Hull and chief of the Division of Special
Research. DR.. Pasvolsky is an expert on
monetary questions. and formerly was
connected with the BrookingS Institu-
ton His division. primarily interested
in the international aspects of postwar
problems. works with undisclosed officials
in other departments.
Another governmental agency, inter-
ested primarily in the domestic aspects. is
the National Resources Planning Board,
whose chairman is Frederic A. Delano,
the Presidents uncle. This board has
published a postwar plan for "reser-
voir" of public works to be drawn upon to
give employment when workers are re-
leased from the defense program. The
President has announced his support of
this proposal.
Several of the departments notably
Commerce and Agriculture, have their
own experts working on particular seq
ments of the larger whole. Under the
direction of Secretary Jones and Under
secretary Wayne c. Taylor, the Com
merce Department is being reorganized
to deal with defense and postwar eco
nomic development. and the far-sighted
Bureau of Agricultural Economics. in the
Department of Agriculture, is looking for
postwar markets at home and abroad
The Treasury Department and the
Federal Reserve System. which must
make longrange plans, are deeply con-
cerned whether the postwar will end in
British or Axis victory or a stalemate.
IL,
special problems.
Private Studies Made.
In addition to these official studies,
industrial groups and even individual
companies are closely following the
present and war patterns to discover what
they can contribute now and later to
an admittedly complicated situation
Charles E. Wilson, president of the Gen.
eral Electric Co. has already worked out
a detailed blueprint based on Federal
Reserve index of production figures, to
give his ideas on what the Government
and industry should do during the de-
fense program and after the emergency.
The Brookings Institution, always in
terested in economic developments, like
wise has directed its attention 10 present
and postwar problems. Harold G.
MoultOn, president of the institution, has
this year written a provocative pamphlet
on Fundamental Economic Issues in
National Defense which raises the
question. Are We inevitably faced with
catastrophe economic collapse after
the war?" He concludes that for the
present a new administrative agency is
not necessary for the defense program.
The answer to the question whether
economic disaster is inevitable at the
end of the war" he writes, will depend
chiefly Oh how successful we are in
maintaining economic and financial sta
bility during the emergency"
This stability can be maintained, he
declares. by effective teamwork under
the leadership of the President. among
such agencies as the following: The
Treasury, the Board of Governors Cf
the Federal Reserve System, the Federal
Loan Agency, the House Ways and
Means Committee. the Senate Finance
Committee. the Office of Production
Management and the Advisory Commits
sion to the Council OF National Defense.
Another World League
This conservative view IS disputed by
those who say that the prospective prob
lens are much wider and more diverse
than visualized by DR.. Moulton. Some,
like Bernard M. Baruch, think thai a
League of Nations or something similar
to it will be required to stabilize the
world Clarence Streit has all the an
swers in his Federal Union Now With
the British Empire; Vice President
Henry A. wallace looks to cooperation
with South America and Wendell L.
Willkie says free trade and not inter-
national alliences is the proper answer.
Space limitation makes impossible
the summarizing of the various piece
meal proposals put forth by agencies,
industries and individuals as their rem
edies for the forthcoming world ills.
Most of the present incomplete plans
are predicated on a British victory;
some persons see the probability of a
stalemate with an armed truce; a few
see an outright German victory, with
the United States reinforced by Canada
and Latin America down to the geo.
graphic bulge in Eastern Brazil, iso-
lated but armed, living on the economy
Of this northern half Of the Western
Hemisphssical region.