The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1943-01-01

chases which the government "a
making. they make one shudder.
For instance. the Army recently
purchased 80 million pounds Of
salt, four million pounds OF mus
lard and two million pounds OF
black pepper. simply to nil few
months requirements. Dried fruits
are bound to be short in 1913, esps-
cially prunes and dried apricots.
while the kibosh will still be on
stoves, bicycles, typewriters, HARD
ware and rubber goods. | shou.o
not be surprised TO see the ration
ing of dairy products, certain fur
niture, paper supplies. manufacture
ed foods, farm equipment and pos
sibly clothing and shoes during
1913. Some of my associates thinH
there win be rationing OF meats,
eggs and cheese. but present stats
tics do not indicate the necessity
for this. Certainly, there will be
no rationing of cereals. citrus pro
ducts and fresh fruits that cannot
be shipped.
What is most needed is the ra-
NiblllHS VI ldbOl hillbil ltdutls ana
a lengthening OF the working wees
as the labor week now averages
only 425 hours even after overtime
payments. OF course, this is
hot potato that tie Administration
does not like TO touch. | forecast,
however, that 13S2 will see a real
step in this direction. The power
of the War Labor Board will either
be curbed or Jhe Board Will be-
come much more conservative.
Manpower Gncluding women) will
he allocated. Private recruiting or
/ labor may be curtailed. Farmers,
manufacturer and other employ
/ ers may be obliged to go to the
| L. S. Employment Service when
/ desiring additional help while EN-.
/ bloyes may be subject to the same
/ regulations when desiring 10
change jobs.
Political Situation
Certainly We are entering 1888
with a much better political situa-
| ton than existed a year ago. This
/ does not mean that the new con
| gressmen are conservatives
are conservative southern Demo
Gratis on questions of taxation and
war matters. Looking back over
1912, It becomes evident that tho
tax situation was the most up.
setting feature on business and
investments. The markets were
at their worst directly after the
Morgenthau recommendation OF a
IS per cent normal tax. When
! the House voted as per cent tax
business began to pick up and even
security prices had a real move
when the Senate dropped the rate
to 40 per cent
Recent visits 10 Washington con.
vince me that the Treasury has
temporarily lost its influence with
Congress and that the 1913 tax bill
will be written by Congress itself
and will be fairly conservative.
am much interested in reports that
Honorable James Byrne, the new
economic dictator. Is 10 be put IN
charge. For the first time, II is re
sonable TO hope that sales tax
perhaps under some other name
. HilA W 'hhNNFh III 1890 ilt ldTIn
ers Will continue TO have as much
influence in the 1913 Congress a.
heretofore, but the honeymoon oi
the labor and other blocs is teri
porarily at an end. Nineteen forty
three will see very few wage raises
and certain labor leaders will be
put in the dog-nouse.
Money Rates
There may be a slight increase IN
short-term money rates during
1913; but there will he little or nc
change in the rates that bank.
charge their customers. Money
rates are now managed by the
government even more closely thar
the prices of commodities. The
idea. however. that money rate,