The Waterbury Democrat., 1945-01-30

LISA. after the war is over It is a repetition of World War I all over again-only on much greater scale, a scale that Will affect the lives of the American people for years to come.
 With the beginning of World War I, Woodrow Wilson's reforms the income tax, the Federal Re- serve, the Federal Trade Commis- sion-were frozen. They gave way to the war. And after the war. And after the armistice, Will son, busy with the Versailles Con- ference and the League of Ma tions fight let the war factories of the country be dismantled or be converted by private industry to their own use, or in some cases remain idle.
 The Nitrogen Fertilizer Plant at Wilson Dam, now part of the Tennessee Valley Authority, languished for twelve long years-the years of Harding, Coolidge and HOOver-during which they were the center of a bitter controversy between Government and private opera ton, until finally Roosevelt es- tablished the IVA.
 At the end of the last war, the nation had enough gun-poWder plants to manufacture a billion pounds of powder. But they were all turned over to private indus try and converted. At the begin ming of this war in 1899, the U. s. Army had only two weeks supply of gunpowder on hand. All the power factories had to be built up over again.
 WAR WEALTH CONCENTRATED
 With the beginning of World War II, Roosevelt's New Deal re- forms, like Wilson's, stopped. But in addition, war business and accompanying wealth were con- centrated as never before in the hands of Roosevelt's old enemies Big Business. Six companies got more than 60 per cent of all the war orders. General Motors, Du Fonts, Newport News Ship building, Bethlehem Shipbuilding, Curtiss Wright, the Aluminium Corporation Tn addition, 100 companies got 80 per cent of the war orders. Instead of dispensing business, the war did exactly the opposite.
 Today the biggest question in the minds of business, and of the conservative Senators who so cOnscientiOusly represent them in the fight against Wallace is: Who will get these war plants after the war?
 Jesse Jones up until Jan. 2O was in general charge of their disposition - subject to certain counter-checks by the War Sur plus Property Board. He also was completely in charge of new loans to these and other com panies. Economically, he was the most powerful man in the world, and the amazing thing about 1t was that, thanks to a powerful lobby of friends in the Senate, he was able to maintain that power despite the fact that his record for shortsightedness in or dering vital war supplies is almost unbelievable.
 For instance, Jesse waited un- til March 5, three months after Pearl HarbOr, the day before Ba-
 tavia, capital of the Dutch East
 Indies, fell to the Japs, before
 trying to order all the quinine
 remaining in that area. This
 was only remaining source of quinine. And weeks before, the
 State Department had warned
 Jones that the Dutch East ln-
 dies were in danger and ne
 must buy quinine.
 In regard to tin, Jones was asked by the State Department and the National Defense Council as early as two years before Pearl Harbor to grant a loan to build tin smelter in the U. s. A. They were afraid our normal tin would be cut off from Singapore. But Jesse refused to budgc. And as a result, housewives today are still salvaging their tin cans.
 72-YEAR OLD BANKER
 Part of the trouble was that Jesse has spent most of his 72 years as banker, not planner. He almost seemed more interest," ed in saving pennies rather than