Evening star. [volume] (Washington, D.C.) 1854-1972, 1945-07-15

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SECRETARY FORRESTAL.
obtained finally only by some form of
world cooperation, it cannot come over
night or spring full-blown from the
ideal itself. We must realize that such
an organization will have to be built
brick by brick. The stairway to the goal
of perfect human relations, whether
between men or nations, cannot be
comprised in a single leap.
Peace Without Power a Dream.
We must face the fact that, while this
organization is in the process of con-
struction, peace may be obtainable only
through the existence of the armed
forces of the United States and her AL
lies. AS Prime Minister SHUTS has said,
peace without power remains a dream"
To implement our peace plans, which
call for sound economy in the United
States itself, Mr.. Forrestal is working
now within the Government to improve
our civil service system to meet present.
day conditions.
We must provide the means in some
way, he says, to create a greater number
of trained public. servants, men whose
task it will be not to create policy, but
to master the facts and to correlate and
state the facts upon which policy is
based. This problem must be faced in
terms of providing adequate pay, posi-
ton of prestige and retirement security.
BY so doing it will not be impossible to
obtain public service men of the same
high standards of ability and character
as are attracted to service in the Army
and Navy.
We face world in which we must
conduct ourselves as adults and not as
adolescentS 1t will be a world which
will move at a higher tempo and will not
permit us TO leave all things to chance
rather than 10 plan. This will require
sincere, thoughtful and wise men in
Congress, and trained men in continuing
positions of the executive departments.
Keen Business Mind.
Such are the views of the 53-year- old
Government official who as Undersecre-
tary and Secretary of the Navy super
vised the building of the greatest ar
mada of ships this world has ever known.
When Mr. Forrestal joined the Roose-
welt administration in June, 1910, as
presidential administrative assistant, he
brought to Government a keen business
mind accustomed, as an investment
banker, to dealing with large sums and
large enterprises, such as the North
American Co., parent of the Union Elec-
trio of Missouri.
To join the Government he resigned
as president of Dillon, Read & Co. of
New York, which had made millions in
marketing capital securities, usually
without the competitive bidding now
required by the Securities and Exchange
Commission. For instance, from 1924
to 1941, syndicates headed by this COM
pany sold $276, ESQ 600 of Union Electric
securities for gross commissions of S.
100000, and from 1920 to 1941 they han
died an aggregate of more than S848,-
100000 of North American and its prin-
cipal subsidiaries for gross commissions
of $11 300, 900.
The Navy Secretary looks back at this
successful business career with reflec-
tive wonderment. He is not especially
proud of it, believing that there have
been certain cycles in which energetic
and advantageously placed businessmen
are almost certain to make large for
tunes. There is no cause for personal
pride, he says, because a man happens
to make S1o000,000 Some millionaires,
like some Government officials, he OBJ