The people's voice. [volume] (Helena, Mont.) 1939-1969, 1944-05-26

credit is in reality money in the sense
implied in the Constitution, the United
States Bank shall be the sole agency
for the issue of bank credit.
Industrial and Agricultural Expansion
Section 5. (a) The National Eco
nomic Council shall establish Ma
tional Abundance Budget in terms OF
goods and services which shall be
based upon the estimated increase in
national consumption under this Act
and upon estimates for public works,
national defense, capital equipment,
foreign trade, and adequate reserves
against unforeseen contingencies.
(b)The National Economic Council
is hereby authorized ind directed to
enter into contracts with private, CO.
operative, and public enterprises for
the production of goods and services
whenever and wherever necessary to
assure the annual quotas of the Ma
tional Abundance Budget. Whenever
The National Economic Council deems
it necessary these production con-
tracts shall be considered adequate
basis to establish bank credit for
production loans.
(c) The National Economic Council
is hereby made the custodian of all
government plants and of all govern
ment materials resulting from the war
effort and is directed to utilize them
in the expansion program
(d) Whenever The National Eco
nomic Council finds that existing pri-
vate, cooperative, and public enter
prises do not have sufficient produc-
tive capacity to assure The National
Abundance Budget it is hereby au-
thorized to establish, maintain, and
operate such enterprises as may be
required to provide the additional
goods and services under this plan for
industrial and agricultural expansion.
(e) The National Economic Council
is hereby authorized to establish peo-
pies corporations on the plan of the
Tennessee Valley Authority to take
over and administer such monopolies
as congress may find not amenable
to regulation or that congress decides
NAV best serve the general welfare
as public enterprise.
(f) In all its production contracts
with private, cooperative or public
enterprises the National Economic
Council shall seek the greatest meas
ure of employment and shall award no
contracts to any enterprise that does
not compensate employees at least to
the extent of the minimum income
established in Section 2 OBJ of this
Act.
(g) The National Economic Council
is hereby directed in its contracts
with farmers and farm organizations
to fix farm prices, in so far as it is
possible, so that an efficient farm
family on a family sized farm through
sale of produce, may realize on the
average from year to year family
income of at least $1,000 for family
of five.
Payment for Properties
Section g.. Payment for properties
acquired by the National Economic
Council, or by congress and turned
over to the National Economic Coun-
Gil. shall be made in the form of de-
post credit of the United States Bank,
available to the payee in regular equal
paments over a period of not to ex-
coed 20 years. The payee shall re-
ceiye interest on balance due at the
rate of three per cent year.
Nane determination
Section T. The National Economic
Council shall arrive at wage scales in
those productive enterprises under its
jurisdiction by the process of collec-
tive bargaining with representatives
chosen by majority vote of the work
ers in each enterprise or industry and
shall not make production contracts
with any enterprise that does not