The daily monitor leader. [volume] (Mount Clemens, Mich.) 1942-19??, 1942-04-27
F DIR
Continued from Page u

I ldh llCdNllyi ana III llldl pIOCtSs
keep personal and corporate
profits at a reasonable rate, the
reasonable beins defined at a
low level.
-. To keep the cost Of living
from spiraling upward. We must
fix ceilings on the prices which
consumers, retailers, wholesal-
ers and manufacturers pay for
the things they buy; and cell
ingS on rents for dwellings in all
areas affected by war indus
tries.
IS. To keep the cost of living
from spiraling upward, we must
stabilize the remuneration re-
ceivcd by individuals for their
work
"a To keep the cost of living
from spiraling upward, we must
stabilize til" prices resolved by
| growers for the products of
+. their lands
MUST PURCHASE BONDS
5. To keep the cost Of living
from spiraling upward, we must
encourage all citizens to con-
tribute to the cost of winning
this war by purchasing war
bonds with their earnings m
stead of using those earnings to
buy articles which are not es-
sential.
IS To keep the cost of living
from spiraling upward, we must
ration all essential commodities
Of which there is a scarcity, 50
that they may be distributed
! fairly among consumers and
not merely in accordance with
financial ability to pay high
/ prices for them,
~. To keep the cost Of living
from spiraling upward, we must
discourage credit and install
ment buying, and encourage the
paying off of debts, mortgages,
and other obligations; for this
promotes savings, retards excess
sive buying ar , adds to the
amount available to the credi-
tors for the purchase Of war
SC5ns." N.,a
Mr.. Roosevelt was expected
to discuss this broad program
with the American people in
radio address later in the week.
An announcement of the date
was expected some time today.
Tn, President, discussing sta
bilization of remuneration, said
he thought no legislation was
required under present cir
cumstances. He added:
II believe that stabilizing the
cost of living will mean that
wages H. general can and should
be kept at existing scales"
BRIEF SUMMARY
Then he gave brief sum-
mary of the governments labor
policy, for which Congress had
been waiting before taking any
action on restrictive labor leg
islation.
Organized labor, Mr.. Roose-
welt said, has given up volun-
tarily its right TO strike during
the war. therefore, he said, all
sterilization or adjustment of
wages will be handled by the
war labor board machinery
which he said had been accepted
generally by labor and industry
for adjustment of all disputes.
After remarking that strikes
were at a minimum, the Presi-
dent said that in all fairness, ex-
listing contracts between en-
ployers and employees must be
carried through to their expira-
ton date, with existing machin-
cry fof handing labor disputes
continuing 10 consider inequali-
ties and the elimination o. sub
standards of Ii ing.
Most workers in munition in
duStries, he said, are working
far more than 40 hours a week
and should continue TO be paid
at time and a half for overtime.
Otherwise, he said, their weekly
pay envelopes would be re-
duCed.
This apparently, was his
stand on efforts in Congress to
abandon the law requiring pay
mcnt Of time ana half for
hours worked in excess Of 40
a week.
Only an all-embracing pro-
gram will suffice to keep the
cost Of living in check, Mr..
Roosevelt said.
When the cost Of living
spiralS upward week after week
and month after month" the
President said, people as a
whole are bound TO become
poorer, because the pay en-
velope will then lag behind ris-
ing retail prices, The price paid
for carrying on the war by the
government and, therefore by
the people, will increase by
many billions If prices go up"
Than recalling the old saNinp