Milford chronicle., 1947-04-25
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discord"-especially in Washington.
The other day President Truman declared
that it was up to American business to re-
duce high prices and make the free enterprise
system work The President should know
better than anyone else that big strikes don't
make sense.
1t ought to be as plain as the nose on a
politicians face that the great employing In
stitutions of the United States can't continue
to surrender to put up with strike leaders
like John L. Lewis, Philip Murray and their
fellow conspirators. Philip Murray still
threatens that large manufacturers must
continue to make wage increases-and If
they don't, he threatens, there will be new
strikes all over America.
We pause to remark that the telephone
strike has been unpopular with the American
people. You don't need to be told that the
coal strikes, and all the fuddle-duddling by
big buffer John L. Lewis has disgusted the
American public
Congress has reached point where it is
going to pass fair, reasonable and just laws
that will put an end to all these reckless
strikes that have upset the American eco
nomic system-not only for the past two
years, but for the last 13 years.
Of course the telephone strike is in a
class by itself because such a strike is even
more definitely against the American public
than the railroad strike
Speed the time when Congress lays down
definite rules for preventing strikes, and
strong laws to stop the reckless labor leaders.
We are approaching that situation very rap
idly-and that will do more than anything
else to restore Democracy and the American
system of life.
DURING THIS TIME of housing scar-
city it is we'll for the prospective builder to
think carefully when planning his home.
Many-far too many-yOung men and WO
men saddle themselves with an obligation in
the form of a mortgage on a new home which
they are unable to carry, and which will
eventually lead to loss for them.
The Institute of Life Insurance, backed
by long experience of leading financing and
real estate authorities, has drafted the fol-
lowing rules for the economic guidance of
prospective home buyers. The rules are:
l. Don't buy costlier home than you can
afford. Total investment in home should
not be more than three times net annual in
come (ncome left after taxes). One-and-a-
half to two times net annual income would
be safer
2. For most people, the cost of upkeep-
interest, mortgage reduction payments, tax
es, heating, insurance and a liberal estimate
for maintenance and repairs-ShOuld not ex-
B. Make as big down payment as you
can at the time of the purchase and pay off
the mortgage as rapidly as possible.
a. Buying larger home than is needed
increases expenses of maintenance and re-
pair in direct proportion to the size.
5. A home should not be bought on any
speculative notion that a profit can be made
on the transaction but rather for the pleas
ure, comfort and security of owning ones
home.
Certainly this advice from persons of long
experience is timely and worth needing. It
is far better to take care in building or buy
ing the future home now than to lose the en-
tire investment later. Caution should be the
watchwOrd during this period of inflationary
prices.
THE PRESIDENTS CONFERENCE on
Fire Prevention, which will meet May 6-8 in
Washington, D. c., has series of specific
objectives
1t will study building construction, oper-
alton and protection, with view to finding
means of eliminating present dangers.
1t will consider the wide field of fire.
prevention education, with particular EN-
phaSlS on inStructiOnal aides for schools and
colleges.
1t will anayze the adequacy of fire-fght
ing facilities and personnel, and make recon-
mendations for needed improvement.
1t Will explore the broad question of laws
and law enforcement as they relate to fire
prevention and fire safety
1t will recommend plan for obtaining
organized, aggressive public support of fire
prevention activity in all it's phases.
1t will establish a program for continuous
research with respect to fire, which will pro-
vide information on which laws and repllla-
tlOns can be based
The conference will mark the start of the
most intensive drive against the fire menace
ever undertaken President Truman called it
to meet grave and immediate emergency
And it can do it's job only if it receives the
widest public support.