The Daily Alaska empire., 1947-11-17
TEN-p0INT PROGRAMS
 SUBMITTED
Asks for Limifed Price and Wage Controls : Also
 Rdtioning Authority

 President Truman asked Congress i today for limited price and wage , controls, and rationing authority to stave off the "ominous threat of imitation at home while helping , friendly countries abroad. Addressing joint special session of the House and Senate, MT. Tru- man laid down a l0-point anti-in- flat,on program of what he called drastic measures"
 The President was greeted with burst of applause lasting fully a minute when he walked into the House Chamber for his first official visit to Capitol Hill since last Jan. 6
 An unusually large number of diplomatic representatives heard the President ask for prompt action on a request for S597000.000 emer- geney winter aid for France, Italy and Austria.
 Asserting that we cannot allow the strength of this nation to be wasted and our peoples confidence in free institutions to be shaken by an economic catastrophe, MT. Tru- man outlined his ideas to combat rising living costs.
 LegisIa ton Asked
 While urging continued voluntary attempts to combat imitation. MT. Truman proposed that Congress legislate to-
 1.-Authorize price ceilings on products in shoht supply which ba- slcally affect the cost of living"
 2 2-Authorize price ceilings on products in short supply which ba- sically affect the cost oI living or industrial production and to auth orize such wage ceilings as are es- sent,al to maintain the necessary plfce ceilings
 3.-"Extend and strengthen rent control
 4.--Authorize allccation and in ventory control of scarce, cost oi living commodities.
 5--Authorize regulation of specu- lative trading on commodity ex- changes.
 Restore Consumer Credit
 6.--RestCre consumer credit con- trols and restrain inflationary bank credit.
 7-Extend and strengthen export controls
 8..-Continue authority to allo- cate transportation facilities and equipment. 9.-Provide measure to induce | livestock and poultry marketing so as to obtain the most efficient use of grain. ! l0--Allow the Agriculture De- partment to expand program for , encouraging conservation practices and authorize measures intended to step up foreign food production.
 Address In Person
 MT. Truman addressed Congress in person at time when, he said, the future of the free nations of Europe hangs in the balance" and the future of our own economy is in jeopardy
 He repeated the administration bid for $597 7.0o000 of interim aid to Italy, France and Austria through next March.
 But here at home. he said, infla- ton is an "ominous threat" to prosperity. It no longer can be treated as some vague condition we may encounter in the future" he admonished
 Imitation Here
 Inflation already is here ito an alarming degree and it is getting worse.' he declared.
 Accordingly the President set forth his program to combat it by three types of measures:
 tD To relieve monetary pressure. t2) To channel scarce goods into most essential uses. ,3l To deal directly with specific high prices.
 Elaborating on his proposals for authority to restore rationmg and price controls. the President said ceilings should be permissible on vital commodities in short supply that basically affect the cost of Ev- ing"
 Food, clothing, fuel and rent.