The Durant news. (Durant, Miss.) 1882-1985, 1941-11-06
"BEHIND THE SCENES IN
AMERICAN BUSINESS"
By John Croddock

No perceptible change in retail trade levels,
lowering around 6 to s per cent ahead OF
the pace this time last year f. Same is true
Of industrial production, of which Federal
Reserve Board says the index should hit ITS
by the end of the year compared to 1O5
before European war started) with 1941's
total being about rs per cent more than
1905 Personal loan business is lang
uishing. what with employment and wage
boosts due to defense; one big financing COM
nanv here has cut its staff of outside col
l~ectors by &c per cent Barber shops,
beauty parlors, dry cleaning companies com
plain of higher costs; many are raising prices
OUTPUT of high-power aircraft engines
NV the three leading u. S. builders - Pratt
and Whitney division of United Aircraft,
Wright Aeronautical, and Allison division OF
G.. M. - is now said to surpass "best est
mates of current production for all of Ger
many.
Observation-Disclosures Of anti-strike
legislation; talk of "vastly greater" arms
drive under the head of Victory program,
and consideration of another multi-billion-
dollar tax bill this fall highlight capital busl'
ness news On the latter, the treasury
has estimates that between five and eight
billion dollars of what it calls extra" pur-
chasing power must be "mopped up" quick
lv To guard against initiation. Tentative plan.
is for a three-way withdrawal of this extra
cash-tha is, buying power IN excess Oh Tie
goods available: CD More general taxes es-
pecially income taxes on individuals ana eN-
cess profits taxes on corporations (applc-
able to 1942 earnings but enacted as soon as
possible so people will start saving the mon
ev to meet the tax bilD (2) Sharply m
creased social security payroll taxes; (o)
Increased individual savings, represented by
investments in defense bonds. weekly pay
roll-deduction plan, to help employees save
income-tax money. will be urged on big en-
ployers.
LOOKING AHEAD-While focusing ma
jor attention on today's defense needs, Am
erican business executives are also planning
for the future. Many of them predict a bright
tomorrow after the flames of war have been
stamped out. An outstanding example OF TINS
optimistic long-range view, was Offered re-
Gently by Lewis S. Rosenstiel, board chair
man of Schenley Distillers corporation, who
told a conference in Cincinnati; "We believe
That American progress VIII exceed our
fondest dreams. Always will he freightways
and highways, tomorrow. Freedom of the
air will soon be a side partner of freedom OF
the seas, and America will champion both
freedoms Luxuries of today will become
the necessities of tomorrow. There will be
plenty for all and want for few: This will
be made possible by the United States pro-
ducing at a full throttle, at a pace heretofore
undreamed of Tomorrow, the Schenley ex-
%ecutive predicted. "the United States will
progress to a position Of true world leader
shin - spiritual, social and economic"
IRON FIREMEN'-You might not think
such iron monsters as modern war tanks
would have much peacetime use, but we've
learned there is a real possibility the war
iuggernauts on which Uncle Sam is now
doubling production may eventually be put
to some peaceful, if violent, chores. In En-
gland, the science of fire fighting has made
rapid advances under stress of the blitz.