The union times., 1945-08-04
Senators Warn
 Nation Must Be
 Ready yFor Peace
Assert People Will Not Stand For Another Post
 War Depression


 upheavals following World War l, the recent landslide in favor of the Labor party at the British polls and the de- mands of peace and security were cited this week in argu- before the Senate Bank ing and Currency Committee for the ''full employment bill," under which the Gov ernment would provide work if private enterprise failed to meet the estimates of a na- tiOnal job budget.
 The witnesses were sponsors of the measure, which was introduced in January. Having seen no chance of Congressional decision on the bill before the summer re- cess, they arranged two days of hearings to lay the groundwork for more comprehensive hearings in the fall, when veterans, business men, representatives of agriculture, of labor, of State and local govern ments, of religious organizations and of wOmen's groups will appear.
 The hearing found the IegisIa- tiOn's sponsors highly conscious of the defeat of the Churchill Con- servative Government and losing little time bringing it into their arguments.
 WAGNER INTERPRETS POLL
 Senator Robert F. Wagner of New York, committee chairman and a sponsor of the bill, said in opening the session that the "war-weary people of Britain knew that "econ- omic tranquility rests upon full em- ployment, with all the social gains that full employment means for all the people"
 ''They were not convinced" he added, ''that the Government in power was sufficiently resOlute in its determination to achieve post war full emplOyment-and so they have elected another Government which is pledged to that purpose"
 No one who knew the history of all the English-speaking peoples, he declared, would put any stock i'm the contention raised in some quar- ters that the election meant ca swing away from democracy
 Senator James E. Murray of Mon- tana, chairman of the Committee on Education and Labor, who introduced the bill, asserted that the people of Britain seem to have turned toward socialism as possible solution of their problems of domestic recon struction."
 Tn the days to come," he con- tinued, T can see nothing but con- fict and recrimination for capitalism in America unless we provide a pro- gram which will insure employment for ali Americans who are able and willing to work"
 POINTS TO TRUMAN VIEWS
 He recalled that in December, with President Truman, then a Senator, he reported to the Military Affairs Committee that unless an economic substitute IS found for war contracts, mass unemployment will become a serious threat and the number of un- men and women in this country might easily surpasS anything that was dreamed of during the last 
 The pending measure, he added, was patterned after phases of the late President ROOseveIt's ''ecO- homie bill of rights,'' embodied in his message to Congress in Janu- ary, l944, which set the ''fun em- ployment" goal at 6O,OOO,OO jobs.
 Senator Joseph C. O'Mahoney of third sponsor of the bill, told the committee that unemployment between 1929 and 1o41 had cost 365,000,OO00O0 in business sales, more than the cost of the war; $6o,- 00O,O00,OO0 in corporate profits losses, a $37, 7,0O0000,00O loss of net income for non-farm proprietors, one of $24,- 000,000,OO0 in the net income of farm operators and loss of $175,000,000,- GOO in the potential incomes of wage workers.
 ''The most frightening thing about the depression which fol- lowed World War I,'' he said, .''is that it was eradicted only by World War IT,
 He called the pending legislation ca bill for economic preparedness"
 The bill was presented as a pro- gram but not necessarily a rigid blueprint, and on this basis has bipartisan support.
 Continued on Page Three)