The Wilmington morning star. [volume] (Wilmington, N.C.) 1909-1990, 1944-08-29
BOWLES OFFERS
POSTWAR PLAN

SEATTLE, Aug. 28.-RHCheste
Bowles, Office of Price Administra
ton administrator, tonight offeres
an 11-point program, in speech
prepared for delivery to the Seat
tie Chamber of Commerce, to in
sure the full production on farm:
and in factories he said was neces
sary to insure "a stable, full-em
ploynent economy after the war
He said'"we can't 60 back ever
to our 1910 levels, which would
mean a more than 80 per cent cut
in the present level of production
land a shocking figure Of 10000,
600 unemployed - an increase Of
100000 over the actual unem
pIoyment Of 1910 assuming the
same hours of labor as in 1910.
His economic program;
81. Governmental policies which
will keep our price levels relative
ly stable.
20. Passage of tax laws for the
reconversion and postwar period,
which will encourage investment
of risk capital and discourage the
boarding of savings by corporations
or individuals.
"3. We must encourage competl-
tive free enterprise in every way.
mean freedom to compete not
freedom to suppress competition.
"A. Credit facilities and perhaps
research facilities should be made
available by the government IN or
der to encourage small firms to
get started and to help struggling
firms stay on their feet.
as. Basic farm prices after the
war must, in my opinion, be main
tanned at profitable levels. Beyond
this we must encourage develop
nent of the family-sized farm and
the use of greatly enlarged freezer
and cooler space to provide
steady flow of farm products
throughout the year.
IS. We must increase and broad
en- our social security benefits for
older people and for people who
are unemployed.
81. We must encourage in every
way a vigorous program OF nous
ing and slum clearance. In 1870
more than one-third of the homes
in this country were in need OF
replacement of substantial repairs.
The government should establish
annual construction goals, always
through private enterprise and pri-
vate construction, as far as the
need can be met, to assure that
these goals are met.
'8. We must develop major
works program on a bold and I'M
aginative scale in close cooperation
with states and municipalities.
'.9. We must encourage exports
to the maximum possible extent.
TIE are 26 strategic materials,
vontial to the fighting of a
modern war, which are lacking to
..er or lesser extent within
Il = boundaries of the United
States. The government might con-
slider a program Of stock piling
such materials to serve as a guar
antee that no future war can cut
us Oft from vital supplies.
80. We must get rid Of war
time controls as quickly as pos
sible, but the problems OF recon-
version cannot be solved by slo-
gans or by simply driving the So
called bureaucrats out of Wash
ington.
III. We must continue-all of us
to work closely together. Labor,
management and farmers can ex-
ert tremendous group pressure on
our government During the next
year or two, these three major
groups will be joined by fourth
our returning soldiers and sail
ors.
'Unless our productive power is
fully Unbiased and unless we are
running at full productive capaci-
ty, these four major groups soon
will be fighting among themselves
each for share of the meager
economic pie.
THAT can we'll lead to the even
tual collapse of our democracy"