The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1945-09-01
Observations
Snyder Sees no
Extended Periods
of Unemployment

The speed with which the govern.
ment lifted controls on the civilian
economy following the japanese
surrender is viewed in Washington
as a heartening indication that the
nation may not be too long in
reaching a peace-time basis.
Scarcely had President Tru-
mans momentous announcement
of Japanese surrender echoed
away than the War Manpower Com
mission suspended the 4s-hour
week and all manpower controls.
The next day, the Office OF Price
Administration followed through
with the lifting OF gasoline, fuel oil,
canned foods and oil stove ration
ing.
The Offic of Defense Transporta.
ton began relaxing restrictions
right and left. The War Produc-
ton Board went on a virtual spree
Of terminating orders, ending pro-
duction quotas and getting out OF
the way OF industry.
Similar action was taken by the
Petroleum Administration. WLB
modified wage restrictions. Gen.
eral war censorship ended and Sc
lective Service slashed draft calls
at tie Presidents direction.
All this had official Washington
fioored. Not in a long time had
things moved so fast.
WLB Immediately estimated that
production of consumers goods
would zoom in the last part of the
year and the whole tenor OF the
governments reconversion was one
of optimism.
Even the prospect OF eight mil
lion unemployed-a government
figure-did not dismay the capital.
Reconversion boss, John w. Sny-
der, stated fatty that there would
be no return to long periods OF
mass unemployment and from in
dustry sources came a view that
maybe the eight million jobless
estimate was too high.
Walter Fuller, of the committee
for economic development, a pri-
vate organization. sounded this last
note:
81 don't look for anything like
eight million unemployed next
spring"
REP. SAMMY" WEISS (D) Of
Pennsylvania. said he talked with
Hans Drummer, Nazi storm troop
er In Norway, during a recent trip
to Europe.
Drummer told the congressman at
the prison where the Nazi leader
was being held that he was In
charge of a gas chamber where
over zoo, 200 Jews and 10000 Poles
and Russians were put to death.
The Nazi admitted to Weiss that
he was serving a 12-year sentence
for robbery and rape In a German
prison when the Nazis released him
and made him a major.
Weiss declared that Drummer fall
cd an 10" test for 12-year-old
given by the British.
The congressman added that
Drummer was tried and sentenced
to death.
NOW THAT LEND-LEASE has
been terminated, the United States
| will 20 into dhe international loan
business on rather extensive
scale.
The Export-Import Bank has the
power to lend nearly three billion
dollars in the next year, and indi.
cations are that this sum will be
distributed around the globe.
The international Bank for Re
construction and Development pro-
vided for in the Breton Woods
financial agreements will not get
into operation for a year or more.
The Export-Import Bank. mean
while, will operate as a stop gap.
In addition, there Is possibility
that certain special loans will be
authorized by Congress.
Great Britain Is in severe finan.
cial straits. She owes an extern,
al wartime debt OF 16 billion dol
lars. At the same time, termina'
ton OF lend-lease will force her
down to a bare subsistence level
Her people will be forced to eat
less.
This is a problem that is worry
ing a number of Washington offici
ais, and some project may emerge
for granting relief TO Great Bri
tain.