davidaulloa/AmericanStories huggingface dataset:
The Ely miner., 1943-12-09
TIE ELI Mnn

A group OF Christmas parties have
been scheduled and several have been
conducted. They follow:
COMMUNITY PROGRAM SET.
The annual community Christmas
program sponsored by the Ely Musi-
Gale has been set for Thursday OF next
week at 8 D. m. in the Suomi Synod
Lutheran church, with the public In
vited to attend.
On the program committee Is Violet
Lassey, Gladys K1ug and Miriam East.
The program includes: Prelude Of
Christmas carols, Vivian Starkman.
organ, Virginia Herrala and Miriam
Tuomala, violins; Christmas carols,
audience; S. 8. ladies' chorus; solo,
Lucille Martell; Christmas story, Mar
ietta Warner; trombone solo, Lloyd
Carlson; quintet, Mrs. Lassey, Berntce
Paulson, Aura Maxi, Chester Hillman
and Lynn Pearson; duet, Paul and
Gladys Johnson; sermonerte, the Rev.
Douglas Ollila.
GIRL SCOUTS.
The Girl Scout Council viii meet at
7:3O p. m. Tuesday. The leaders are
invited to join the council members at
8 D. m. for the annual Christmas
party.
The council viii entertain the
Brownies at O'Clock Monday In the
scout office. The Christmas party for
the Girl Scouts will be held IN the
scout room wednesday at p. m.
Troop Is making $50 ytlle logs 10
be sent to the present wars veterans
confined to a hospital at Fargo, N. D.,
to decorate trays on Christmas day.
The w. B. A. has scheduled its
Christmas parties for Dec. Il IN the
Community Center cafeteria. Ihe
Junior party will be held in the after
noon and the review party In the eve
ming.
At Tuesdays meeting Florence
Coombe was elected president, Mary
Handberg, vice president; Helen An
derson, recording secretary; Alice NC
Farland, financial secretary, and Saly
Carlson, past president. A pot luck
supper was served.
LEGION CHnDRENS PARTY.
The Christmas party for children OF
American Legion and Auxiliary mem-
bers will be held at the servicemens
club room at the Community Center
Saturday, Dec. 18, at 2 p. m. A pro-
gram is being prepared, games win be
played, and refreshments served.
WOMEN OF THE MOOSE
The Women Of the Moose VIII hold
their Christmas party Monday night,
with each member bringing small
gift to be exhanged. Mrs. Lillian
Forsman is in charge Of the program,
which will also include carol singing
The Ely miner., 1943-12-09

Hilda Kotchevar spent the weekend
in Virginia visiting friends.
The Ely miner., 1943-12-09

Mrs. John Perko is confined to St.
Mary's hospital, Duluth.
The Ely miner., 1943-12-09

Mr.. and Mrs. LYLE Brennan were
Duluth visitors Wednesday and Thurs
day.
The Ely miner., 1943-12-09
CHURCH NOTES
First Methodist Church
REV. JAMES Z. DOWLER, Minister.

Prayer meeting Thursday, 1880 p. m.
Methodist Sunday school Christmas
program will be given Dec. 10 at 7:3O.
The Ely miner., 1943-12-09
Bethany Lutheran
Church

Sunday school, $50 a. m.
Morning Worship, 10:45 A. M.
Mid-week service Wednesday at 7:SC
p. m.
The Ely miner., 1943-12-09

FOHMEK ELfITE WEBS.
CPL Levi Hanka, formerly Of this
city and Embarrass and now with the
The Ely miner., 1943-12-09

Mr.. and Mrs Donald Berkner of the
Baehr apartments spent from Friday
until Sunday in Duluth.
The Ely miner., 1943-12-09

program will be given Dec. 10 at 7:3O.
st. Anthony's Catholic
Church
FATHER FRANK MHHELCIC, Pastor.
Masses at $50, 7:45, 9, 1918 a. m.
The Ely miner., 1943-12-09

Mrs. VIM. Jones left Thursday OF
last week for Menominee, Wis, to visit
two weeks with her sister.
The Ely miner., 1943-12-09

A group OF Christmas parties have
been scheduled and several have been
conducted. They follow:
The Ely miner., 1943-12-09

Mrs. Herman Kittila spent week
in st. Paul with her son, Alfred, and
wife, returning Sunday.
The Ely miner., 1943-12-09

Pvt. Edward Curnow of Camp Stone
man, Calf, visited with his parents
last week.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
Heated PropeIIers

A new development OF the
United States Rubber Co.
known as USkon conducting
rubber, used 10 prevent the for
nation Of ice on propeller blades
of aircraft, was announced by
the company. This material,
through the additicr OF certain
chemicals, is made 10 conduct.
electricity in contrast 10 the
usual insulating properties of
ordinary rubber.
A strip of conductive rubber
is attached 10 the leading edge
Of each propeller blade. The
passage Of electricity through
the material heats the leading
edge sufficiently 20 keep ice
from forming, an obvious ad-
vantage over methods of de-
icing which functions after the
ice has already formed, the
company explained.
The national advisory COM
uittee for acrOnautiCS IS also
engaged IN a study Of other de-
icing problems and will carry
on further Experimentation
with The conductive rubber unit,
developed boy Or. Louis Marick
of United States Rubbers De
1rQ.L development division.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
Auto Trade Lifts
Output 80 Pct.

The auiomotive industry has
increased its production by more
Than 50 per cent In the last L.
months and has reached an annual
output rate of S9.300.OO0.0O0. the
automotiVe COUNCIL for war pro-
duCtlOn announced.
This rate was based on pre-
liIs4sHais- reports -Jttfy *.t1frt1
showed that production of planes,
tanks, trucks and other war items
had totaled $775, 10000 for the
month as compared with produc-
ton Of S747,670,O00 worth of
materials The previous 3O-day
period.
During July, 1912. the automo-
tive industry turned out 1927, $50, =
600 worth of war materials. or al
an annual rate of S5.126, 900. 900
the automotive council reported
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
-D0ehIer Profit
Up TO S6S8, soy

Doehler Die Casting Co. for the
six months ended June 30 reports
a net profit Of S6SS,509, after
$267 200 for postwar adjustments,
s., So, 500 for taxes less postwar
credit of $267, 209, equal TO 1922 a
share. This compares with SABA
413 or $l46 share in the like
1912 period.
Voluntary price re duction S
made on all contracts on hand
on April ] and others during the
second quarter of 1913 aggregated
about S1,0O0,000 for the quarter,
II. II. Doehler, chairman, revealed
in a letter 10 stockholders. These
reductions were made possible by
high profits due TO increased
volume, ne said.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
Wheat, Rye
Ease; Oats Firm

CHICAGO, Aug. u (INS)--
Wheat was moderately lower to-
day in dull dealings on the board
of trade. Prices finished &c to sc
off after holding TO range of
around &c. September finished
&c of at $1,437s.
Rye also worked lower and
dropped as mitch as hlse before
recovering partially TO close 4 c
TO sc off. September closed sc
off at 97&s after dropping a cent
to 97i4 earlier.
Oats were firm in late dealings
and closed &c TO sc higher for
active futures after erasing earlier
losses ranging 10 &c. September
finished Sc up at II, the high for
the daY
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
Market Closes
Weak; CmysIer
SIumps 7 Points

%EW YORK. Aug 81 tiNSf
The stock mukCt today lost fraC-
uon> 10 morr than point on
nervous SclIinI
Chrysler was tho weakest issue
on he board slumping 2 points
a. the day s low
The hst extended yesterday $
losses tite opening and worked
steadily downward in the second
and final hour OF trading.
Other weak spots M addition
10 ChrNSler were PCpsl-COta
/ Goodyear Tire American Can.
American Car and Foundry and
Paramount Pictures, each of a
point or more
Large fractional declines were
sustained by General Motors.
Montgomery Ward. Santa Fe,
Youngstown Sheet and Tuee,
Texas Co. and American Water
Works.
Shares IKE =. s. Steel. Beth
lehem. Standard on of New Jer-
Scy. General Electric. L. s. Rubber
and North American held their
losses TO minor fractions.
Gold shares reacted slightly
after their gains i'm the preceding
session. American Telephone was
among the few stocks 10 resist
selling
The bond market was without
trend. The curb market worked
lrregularly lower
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
Farmers Market

a = TIT r7UrCHJSs ~ 7 = 2
S. eG No. !, S. weal,hls ,,'''i fand 'S'' s
hA 80. J., $ 3-THs No. g. 81 Black
TORRES A4--- - 80. Hucki~berrier- 50.
g. sloH1 A-q, crate Peaches carry
variety, fancy. Asup tn ~. T. Seut-s..
$50 50 P.ums Burhank M 81 r1
- '=T-'-~--T-vT--
80 81 h1 Pears sugar Nc So 3
~ y" s. 81 carp fayor'ts, No b.
S. eu y. 2. $3.50. Calialoyfe fancy,
LETTUCE A&p SALAD GREENs
Celery Cabbage, fancy s. .u ~ s. %
n ma No 81. Hesd Lettuce No |.
10 hu.; NJ 2. SIS -r Leaf Let
'uce. 80. !. 81 S01Z bu. FuGvs 70 !.
81 u %. N0. 2. 81. hscaTUie. 80. :.
81 3OVl Is t4 No Sf25 Roman.
vEGETABlE GRfESs cahbsr.
Green, ~. -. 81 2tp1 20 ~ Conards
No. J 81 asa 50 ~. Ksle No ST. -
~ - ba sorrsl No 75cgsl bu.
No. ! 81 sou2 bu Swiss Chard. No /.
. 1oal - bu. Turnip Greens. No. ].
vEGET4nIEs. MISC Beans. rresr.
81 20 Wax. fancy s. ~ N. ! S2T
I2.t1 No. ? $50 Keatuckv Wordef.
No. I. S44 % ~ 40. . 81 go Roman
Ban e. .s5.' 8 80 80 81 '9a3 b. ~
hsr's onlrchea. No. /, 81 p doz ochs !;
NJ q 1it topped No 81 SD11 ol.
Broccoli, No J, s. 500 nu. cabbage
c Cat No / tasoas ba Sgt ~ ca IA
hags No HM2 80 bu Carrots hunchsd
~ ]. $50 s3c doz bcAs. 80. ?. SOC;
'oTre5 10. J, 81 ',13 ~
s. ~. .Ceiep, fancy sl251 100 doz.
bctr NJ t0aCTc; No 2. 25r 45e.
Sweet corn. 30. 1. 81 TO 5.d0z sack:
s. ? Sip 70. clcumh'r' .noer'. tsncy.
rUs SO i S3r9 % hu rirke-E fancy
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
List New
Michigan
Concerns

LANSING, Aug. 81 -tEPt-The
Michigan Corp. and Securities
Commission announced today that
incorporation papers have been
filed by the following firms:
Belmont Building Co. $500
David Stott Building. Detroit;
George NJ. Seyburn, Detroit, 10
deal In real -eState-Sla,a0a- com.
mon stock.
Century Steel Corp. Dime7S90
Century Steel Corp, Dime
Building, Detroit, David +. Hokin,
Myron Hokin, and Benjamin L.
Gould, Chicago. To deaf in iron,
steel metals, etc: $1,000 common
stock.
Ideal Clay Products. Ltd, San
ford Mich; Lud Sserlund. San
ford; Paul kunitZcr, Saginaw. and
Ollie f. irwin, Mt. Pleasant. TO
mcguire and market Uud ana clay
products: $1,000 common stock.
Normandy Village Inc. 1902
Cadillac Square Building, Detroit
Maurice NJ. Robinson. Frank p.
kottenstette, and Saidc NJ. Robin
son, Detroit, 10 deal in real estate:
S25 600 preferred and s. goo COM
mon stock.
New non-ppofit corporations:
EcOrse. Church of Nazarene. i
Charlotte. ECOrSc
The Greater King Solomon Bap-
list iittiHattf Ell, Al f2atot,-iitt77D
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
Hurley Technique

The war n1anpOwer director
In Cleveland suggested that
foundrleS might try giving free
beer and pretZels as an added
incentive, which reminds me of
a system used by the old Michi-
gan Copper and Brass Co. now
q division OF Revere, shortly
after the last war.
jim Hurley, my boss when
worked there In the late '20S,
was told 10 60 out and get some
common labor. and after Scour-
ing the town, hit on the idea Of
hiring some Michigan avenue
buns.
Prohibition was still in eff
feet. but Jun found a spot or
TWO and "Set EN- up" with Law
iSh hand. He met and made a
deal with the chief bum a
fellow by the name of
Schwartz.
Under the terms. the buns
were 10 be picked up and de-
livered al headquarters on the
corner of Third and Michigan;
they were 10 be paid in cash;
and each day was a pay day.
II was not until he'd had n
new batch each day for three
days and then started 10 get
repeaters from the first day
that Jim understood the system.
They collected their pay. got
drunk. and then took two days
TO sleep il off.
That went on for months, too.
Later, employment again slid
off and this time the solution
was a liberal ration Of Jamaica
ginger go proof TO each man
morning. noon and night-all
suffered from stomach cramps,
they said.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
On the
Business
front
By WARD SCHULTZ

Employment managers VINO
pooh-pooacd me .ica hat De
tro was p critical labor area q
few months back are DOM
Scraping the bottom al the bar
re!-znd finding IL empty,
Strangely enough one Of the
factors tba, have made f u.
possible to hirr common un-
skilled labor here ir airy -auan-
tlty is the competition from
Such Johs As street cleaning
truck driving and garbage col
lcctrg
Street cleaners here get e5
cents an hour ana garhagc
truck drivers earn Si03 an
hour.
IN contrast, many plants in
the Detroit area have starting
rates substantially below those
figures.
one foundry near Detroit
with upwards of 200 employees
has q common labor rate OF 20
cents an hour III hired IA men
ana lost - last month
Another brass mill has a
starting rate al s. cents an
hour and. despite an incentive
bonus which UPS tins a bat.
needs about 200 more men-and
badly
A steel company here re-
porieGiy was IN need of $50
common laborerS. Last month
1t hired IL 60 resigned and
100 were upgraded during the
period 20 give the company a
net loss of 46
And the money angle isn't the
only reason Many OF the Jobs
are hard, hot and dirty and sin
Cularly unattractiVe in these
iuSt war boom times.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
,NitkIe Plate Adding
To Rail Holdings

CLEVELAND. Aug. 81 GNS)
The New York. Chicago and St.
Louis Railroad Co, the Nickel
Plate Road" today asked the in
tcrState commerce commission for
permission 10 acquire con-
trolling stock interest in the
Wheeling and Lake Erie Railway
Company.
The Nickel Plate Road said il
already held las per cent of the
preferred stock and 49.7 per cent
of the common stock and inter
change between the lines has al
ready been extensive and profit
able
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
The First Casually

Bringing The war home 20
hundreds 81 employees OF the
National Bank OF Detroit was
= III r7TVr- TIT = IT ffaTJid =.
Erickson IS missing m action.
Tie wa, me first OF the 1873
employc, OF The bank IN the
armed services 20 BE- listed
Among the killed CT Ea!AN.a.E.-
It. Erickson was employed
81 the Fenkel Grand River
branch Of me bank when be
enlisted The Flying Fortress.
OF which he was pilot. was lost
or a rad over GERMANY.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
DEMAND EXPLAINED

Officials attributed the heavy
demand for automobiles i'm the
midwest 10 less severe gasoline
rationing restrictions which per
NIT more driving than in the east
anti make Uwnf1g Il car more nc
sirable; the need for tranSporta-
ton by defense workers in count
less midweStern communities
where public transportation ia
ciltieS are, not we'll developed and
the tact that persons Who never
owned a car before now arc maxi
ing enough money 10 have one.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
Price RoIIbd(k
On Used Cars
Believed Near
BY PHILLIPS ]. PECK

WASHINGTON, Aug y llNS)
An OPA regulation rolling back
Skyrocketing used car prices was
being held up today awaiting the
approval of James +. Brownlee.
n ew deputy administrator In
charge of prices.
The order, designed 10 restore
used car, prices 10 the October
1912, Bluebook levels. was com
pleted some time ago, II was
learned. but has not been ISSUED
because of the internal reorganl'
cation of OPA.
Brownlee, who took office only
a Few days ago as result OF the
congressional mandate requiring
the appointment of businessmen
10 OPA policy-making positions
is expected, however. to reach {
decision on the used car regula'
ton within the next week.
ONLY 100000 LEFT
Major reason for the terrific
tDitSNuIt- vi the hStu tdt ifttO =
the wartime shortage of new
vehicles. Only about 100000 new
cars are left out of the prewai
stocks, and these may be eX
hausted by January 1.=
In addition, several hundred
thousand cars are scrapped eacf
year throughout the United State,
and used cars themselves tend 4
become increasingly scarce since
no requirements are being pro
duced.
OPA officials estimated tina
the 1913 trade in used cars j!
even greater than last year, wher
some 4.500, 600 vehicles changed
hands. Sales are booming in tn,
midwest, and prices are keeplnl
pace with the rising volume o
business.
Cars arc being drained ava!
! from the east.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
Pere Marquette Nets
S2,61O,039 in 7 Mos.

Pere Marquette Railway for the
seven months ended July 81 re-
ports a net income of S2.6l0,039,
equal To $3.50 a share on the
5 per cent prior preference on
which there are unpaid dividends,
as against 81 49S 42l or S13.38 in
the 1912 period. July net income
totaled S299,0l0 against S32S, SIS.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
SAGINAW Markets

prices for farmers for Michigan beans
Pea beans IS 80: light kidneys So
dark kidneys $3.50; Gro yellow ewes
50 65; Gro hght Cranberries, s.. 80; Ckt
dark cranberries. 50 50.
Wheat. S15s0 60; oats, 74G75c: rye
9gcm l.0i; mating barley, S235n2 go
buckwheat, Sl9702; corn, 81 - @ LIS
soy beans. 81 IS.
FURNISHED by Michigan Bean Coz
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
Crowley Miner Pays
$3.50 on Pfd. Arrears

Crowley. Miner e. Co. has de-
clared a dividend Of $3.50 on the
6 per cent cumulative prior pref
erenCe stock 10 discharge accu-
mulated dividends for the years
1939-1940 and the first six months
of 1871, payable Sept 10 to hold
ers of record Aug. 81. Giving
effect 10 this payment, arrearageS
on the stock total $50 per share.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
Treasury TO Pay Off
zig Million in Notes

WASHINGTON. Aug. 21-Act-
ing Secretary of the Treasury Bell
announced that S279473. 800 of l
per cent notes maturing Sept ID
would be paid off in cash on that
date. The securities were mar
keted June Is. 1910.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
Foreiqn EXCHANGE
Trend of Sales

NEW YORK. Aug. 81 INs) 800 Total
SALES today
Stock Exchange stocks a26 $50 shares
bonds s. 2ls 600.
Curb Exchange stocks, Is 345 shares
bonds 1854 600
Big board sales throughout the day:
Open 20 IL 90 I12 500 shares
II 90 g. close -l3 $50 shares
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
BUSINESS
Wright AeroCo.
Told 10 Produce
Or FACE Seizure y

CINCINNATI, Aug. 81 ms
The Wright Aeronautical Corps
liant at suburban Lock d.
termed by Senator Truman CD
of Missouri "one of the worst
managed we have found" was
warned today by the Truman Sen
ate investigating committee and
the army air forces 10 produce
aircraft engines in quantity and
quality or leave the field.
After Il thrrc-hour hearing ar
which company officials admitted
production was less than one
sixth of that before the commit
tee made it's first report last
month and only one-twelfth Of
capacity. Senator Truman told
UPwSTnen.
There must he an improve
ment Of management or the
army will take IL over. -
THE Lockland plant is one OF
the most perfectly fooled in the
country. But ii IL also one of
the worst managed we have
! found"
Maj. Gen Oliver +. EcholS. as
SiStaRt- chief OF aif staff, told thc
committee that such a step was
considered When difficulties first
developed, but at the time was
considered too drastic.
Hugh Fulton committee eetfff-
sci, asked Gen. Echols whether
the army expected the company
10 produce at Lockland or get Out.
The general answered that that
was correct but that no dcadline
had been set.
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
20.Cent Dividend
ByU. :. Graphite

L s. Graphite Co. has declared
a dividend of 20 cents on the
common, payable, Sept j.. 20
holders of record, Sept. !. Same
amount was paid in June and Is
cents in March
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
Business Seeks Change
In Renegotiation Law
Present Custom Of Looking at Net
Income Before Taxes Assailed
BY MERRYLE STANLEY RUKEYsER

Tho whole question of wncsotiation of war contracts will
before subcommittee OF the House
and committee beginning Sept 9.
Spokcmcn business viii thus get opportunity 10 put
their thesis arbitrary rulings by renegotatorS on
hand Revenue Bureau the other
taking the which their
judgment dictates order continued SoVency through
the transition TO the postwar period
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
TOLEDO CASH aRAIN

TOLEDO O. Aug. II CHs)--cssh
WHEAT 40 . red. 81 70Ql7i
CORN-No yellow, $1,000 o.; No.
3 yellow. 81 04al O5
OATS No white. tn 75c; No, 2
white 72a7fC-
soYBEANs - 80, yellow. SL7Ois
ft
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
WINNIPEG GRAIN

WINNIPEG. Aug. n GNs)-Whea,
closea-4e to i.c lower to-day. oats an
barley unchanged, re re 20 &c off
WHEAT OCT 81 09@ De, 81 0S
May 81 0si. RI os&
OATS oct aud Dec b1l&c bid
BARLEY Oct and Dec 53Ac BID
RYE oct, 3'tc. Dec. 92H.c bid
NAV g4H
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
Canada Gold Output,
Increased in June

OTTAWA, Aug. q Canadian
gold production IN June amounted
10 5EU,bff fihe ounces. against
1896 in the previous month. Do
mlnion bureau OF statistics re-
Doris
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
OHIO 700 IAAH GRAIN

CHICAGO. Aus. q UNsl--cash grain
WHEAT No. 3 red, 81 u: No. ; mixed
tough 81 4Tir AS.
OH -Nuue
OATS No. mixed 75c. No 2 white.
- "a g 80 W. No. 8 white IL 73c. No Z
white 7in72Hc sample grade white
zoe No 3 white tough, 70n7iac-
SOYBEANS 80 Sample grade yellow,
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
New York Cotton
NEw CONTRACT

inal. Nov, i9.7i' nominal Jan. 10 IS.
nominal; FEB. 1885, nominal April,
1916 nominal. June, 10 80 nominal.
NEW CONTRACT
open High Low Close
July 10 50 ~ 81 1882 10 a. oi
other months close--Oct, zoos, nom
inal Dee, 70 S. nominal Jan. 19s5,
nominal, March. 1914. nominal; May,
Detroit evening times. (Detroit, Mich) 1921-1958, 1943-08-22
SIGN WITH UNIONS

For example, some companies
haze signed contracts with the
unions to pay dismissal wages
to workers who Will not be
needed alter the armament
orders are Cancelled. Thus, part
of the present cost of making
such goods relates 10 the accum-
ulated contingent burden OF
paving dismissal wages. Also
such rise in the market prices
of inventory as may have taken
place will doubtless at the end
of the cycle be offset by lnvcn-
tory depreciation. and prudent
executives. rejecting their own
unrestrained judgment. recOg-
nize the desirabilty of setting
up special reserves against such
a contingency.
Likewise. the cost Of recon-
version Of armament plants
back 10 peacetime activities is,
in a true accounting sense, a
part of the cost OF making the
war goods.
Although the whole theory of
transferring TO public officials
the right 10 determine costs and
profits is subject 10 challenge,
businessmen and renegotators
have been trying TO compose
their differences in a genial and
patriotic atmosphere.
But the real objection 10 the
policy is that II weakenS the
right of managing directors of
corporations to assume the UNI
fettered responsibility for re-
flecting in accounts their own
best judgment.
Except on new and expert
mental items, it should be the
obligation of the procurement
officers of the government
agencies TO set fair and reason
able prices. After this has been
done. it seems destructive 10
pcnalize the efficient who out
of level selling price retain a
larger residue of net profit than
the wasteful and slothful com
petltOrS.