The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1942-10-05

y n To q AN-
qulrements piled up enormously
Thereu be populations elsewhere
in the world which probably won't
be able 10 supply themselves with
what they need, no matter how
urgent their necessities This
country. however, in all likelihood,
Will have plenty Of money in its
pockets for quite awhile after an
international treatys conclusion
The L. 5. Chambers manage
ment doubtless was perfectly
aware of all this and did its In
vestigating less with a view to
verifying its judgment than 10 as
certaining just what classifcations
Of goods thereIl be the most i'm
mediate call for
The quiz indicated that no par
ticular shortage viii exist in the
line Of edibles Consumers per.
haps viii have been on rather short
rations or will have been wholly
deprived Of foods Of their vari-
Gus especial fancies. They won't
have gone actually hungry for
a. hing essential, though.
Clothing First
The Chambers figures suggest
that the first rush will be in the
direction Of clothing stores and
shoe shops, inasmuch as wearing
apparel and foot gear are apt
to be pretty well worn out if the
strife lasts much longer.
Then therell be an outcry for
furniture, assorted household equip
ment and repairs and the improve
ment Of premises.
Production plants will be about
six months in getting back upon a
peacetime basis sufficiently to I'll
their customers orders, from all
accounts. After that it's predicted
that they'll start to expand, to en-
able EN- to cope with a permanent
ly increased volume Of business.
President E A. Johnston Of the
United States Chamber gives it as
his judgment that the expected
burst OF postwar activity will
speedily provide jobs for our dis
charged soldiery and workers now
engaged in arms and munitions
manufacture and the creation OF
miscellaneous military equipment.
In short. it's normal postwar
program-Just like what followed
the last war, and continued until
the crash occurred subsequently
developing into the prolonged de.
preston.
The crash and depression are
what outfits like the United States
Chamber, the National Association
OF Manufacturers and our whole
brood Of government economists
are trying to prevent, In advance,
this time
The fact that crashes and depres-
sions, after temporary booms, have
afflicted the belligerents in all past
wars, including the l4-1s affair,
doesn't prove anything as 10 the
present, for prevention never0 was
attempted before. Economists, in
those days, hadn't had experience
enough to forecast the future. In
the current instance they're doing
it, remembering 1914-1s and its Sc
quel
The trouble with todays would
be preventatives is that they never
have been tested, either.
VIII they prove effective7
Hopes High, But
The economists themselves don't
know yet They're hopeful, but
they're not betting any Of their own
good money. They PROMISE copl-
ously, but, at best, they're simply
guessing and, now and then, you
meet one who's candid enough to
admit it.
TIN be interesting o live for
few years after this war ends, and
see what's happened. Thatu be
long enough 10 have ."ed-and de-
sirable to expire directly the crash
has recorded itself, without waiting
for the ensuing depressi N. II the
crash hasn't crashed, though. there
will be no objection to waiting a
few more years, for further obser-
walton.
Personally, II rad 10 make my
choice right now, I wouldn't bother
- IL ,.s..tf-