Evening star., 1943-05-17
US. Planning h! Billions
h Postwar Projects,
Wallace Declares
Tells Labor Party Dinner
Full Employment Is Only
Alternative to Communism
BY the Associated Press.

BY the Associated Press.
NEW YORK, May ia public
works program costing billions Of
dollars Is being worked out by the
National Resources Planning Board
and ether agencies, according to Vice
President, Wallace, to absorb "the
economic shock Of peace If private
employment is not adequate to face
the shock alone.
Addressing a dinner of the Execu-
tive Committee of the New York
State American Labor party last
night, at which Mayor F. H. La
Guardia also spoke, the Vice Presi-
dent said the tax system should be
revised sufficiently to place an
incentive on the investment of
capital which furnishes private jobs
in the production of needed goods
and services
Huge Crowd Attend.
Earlier, the Vice President, speak
Ing at an ALP rally in Central Park
which drew a crowd estimated as
perhaps 100000, declared that
capitalistic democracy, strengthened
so as to make sure of continuous,
full employment" is the only al
. tentative to Communism with any
chance of survival in the modern
world. =.
He said:
Most of us in the United States
believe that capitalistic democracy,
If 1t is to stand up against Com
munism, must be strengthened so
as to make sure of continuous, full
employment. Any modification in
our system ought to furnish in
centive for both private initiative
and Government to follow those
policies which maintain the maxi
mum of employment"
On his recent visit to Central and
South America, Mr.. Wallace said,
he found the problem of postwar
employment uppermost in the minds
OF many people. Probably the most
important contribution that could
be made to the prosperity of the
working man Of South America, Mr..
Wallace declared, would be full en-
ployment in the United States and
England.
Points to Russian Success.
''The great success of Russia made
1t inevitable that the capitalistic
democracies would be forced to work
out programs for full employment
after the war;" he said, adding:
With full employment there is no
reason why any of the western
democracies should fear Com
munism. With unemployment it
would be impossible for Stain him.
self, no matter how hard he tried,
to prevent the rapid growth Of Com
munism."
Explaining that he believed firmly
In the two-party system, Mr.. Wallace
said he respected the right of every
group to choose its own way Of TAX
ing part in democracy and said he
was pleased that the ALP had seen
at on several occasions to chart it's
course parallel to that Of the New
Deal.
Earlier, Mayor La Guardia. who
presided, called on the ALP ito be
the rallying point for all progress
sives to retain all that has been OBJ
tanned during the past 10 years of
the Roosevelt administration"
Urges ALP to Spread Out.
Making his first political speech
In many months, Mr.. La Guardia
advised the ALP, of which he is a
member, to spread its own organiza-
tion throughout the United States
and to assume responsibility for the
balance of political power.
War heroes introduced were Capt.
Joseph ]. Foss, Marine flyer who is
credited with downing 26 Jap planes;
Pvt. Vernon Eagle, who lost a leg
at Mateur; 1t. q. g. Lawrence P.
Mooney, officer on the Vincennes.
sunk off the Solomons, and 1t.
Comdr. Maurice D. Jester of the
Coast Guard cutter Icarus.