The union times., 1946-04-13
TrumanAdVisOrs List Basic Needs Of Holding Line
Program As Suggested May End All Controls In
 IS Months

WASHINGTON = President Truman's top economic ad- visOrs outlined today a five point program which, they hold, will prevent ''an expIO. sive infatiOn'' and, eff all goes well," will lead to the end of most Government controls within Is months.
 The program was included in a report to the President on the administration of Presid e mt Roosevelt's original "Hold-the- line" order of April 8, 1943. The report was prepared by Chester Bowles, Director of the Office of Ecnoomic Stabilization; Paul Porter, chief of the Office of Price Administration; W. Willard Wirtz, Director of the National Wage StabiIizatiOn Board; John D. Small, Administrator of the Civil ian Production Administration and Clinton P. Anderson, Secretary of Agriculture.
 After reviewing the upward course of prices, rents and wages during the war years the five men warned that ''the next few months will be more dangerous and difficult than the days of runaway imitation following the first world war.
 Five Point Program
 To prevent recurrence of such an imitation they made an urgent plea for Congress to take action on the follow ing:
 l. Extension of the Emergency Price Control Act which expires on June 30: 1t must be renewed, the Administration leaders said, Without the crippling amendments which are now being proposed almost daily" And they added, i've believe the act must be passed in final form by May IS at the latest"
 (The House Banking Committee on Friday approved legislation extending OPA until June 30, 1947 but wrote in so many limitations on OPA authority that Administration leaders estimated living costs would be in- creased by another $500,000,000 a year.
 2. Subsidies: Without a contin- uation of the present food subsidies" they said, ''We must expect sharp in- creaSeS in food prices which would al most certainly result in another round of wage increases, hgiher manufactur ing costs and still higher consumer prices"
 3. Second war powers act: This legislation must be extended beyond it's June 30 expiration date, they said, ITO enable the government to pre- vent hoarding through inventory con trols and to guide scarce materials into channels where they are most needed"
 4. Housing: Immediate passage of the Patman Housing Bill which contains the building program of Housing Expediter Wilson w. Wyatt was strongly urged. UnCOntIoIleu IT, flation in the real estate field is seri- ous threat not only to rent controls, but to the entire stabilization pro- gram" the economic officials said.
 (Last Wednesday the Senate Bank ing Committee unanimously approved a veterans housing bill which carries the important provisions stricken out of the Patman bill when it passed the House. The bill, now headed to the Senate floor, provides $6OO,OOO,OOO for production subsidies and sets price ceilings on both existing homes and new construction.)
 5. Appropriations. The economic stabilization agencies must have ade- ouate sums of money to handle their job through 1o46-1947, they said.
 eff we are prepared to face the next few critical months in the
 (Cont;n,,ed ou Pace TWO1