Evening star., 1947-12-14
6. 0. P. Submits
.10-Point Plan 10
Check Initiation
Door Left Open for
Government Controls
If Program Fails
BY the Associated Press

Senate Republicans yesterday
put forward a 10-point anti-in-
f1ation program geared to volun.
tary action in combating rising
living costs, but promised If this
does not work to consider au-
thorizing Government controls,
They pegged their program to vol
untary limitations on industrial in.
ventories and voluntary agreements
to parcel out scarce commodities.
The Republicans called for an in
crease in production. a cut in Gov
ernment spending, reduction of the
public debt, and lower taxes.
In a statement which Senator
Millikin, Republican, of Colorado
said was approved unanimously by
more than IS COP Senators in a
four-hour session, the Republicans
pledged action during the special
session of Congress on three specific
anti-inf1ation proposals.
Wolcott Bill Up Tomorrow.
All three are included in the VOL
colt bill, which is slated to 90 be-
fore the House tomorrow. These in
clude extension of controls over ex.
ports and transportation, and legis-
iative sanction for voluntary agree
ments among businessmen limiting
inventories and authorizing pri-
critics
In formally recommending pas
sage of the Wolcott bill, the House
Banking Committee picked out quo
tations from statement by Mr..
Truman last year to back up con-
tention that selective price and wage
controls might lead to distortions
in production and diversion of
goods"
Although the official policy state
ment of the Senate Republicans, is
sued by Senator Taft, Republican. of
Ohio okayed roughly half of the To-
point program put forward by Presi-
dent Truman in opening the special
session, it made no move to carry
out his request for standby author
lty to impose rationing and price
controls on a compulsory basis.
However, the policy paper said:
IF it appears that voluntary con-
trolls are inadequate to meet speci-
flc problems, we will consider the
granting of authority to meet such
particular problems"
Seek Fund Bill Passage.
The Republicans also will attempt,
the statement said, to pass an ap-
preparation bill at the emergency
session to provide funds where nee
essary to carry out their intended
program.
The COP legislators expressed
concern over steadily rising prices
and said If the spiral continues "the
ultimate adjustment may be dras-
tic, threatening serious depres-
sion"
They charged that the adminis-
tration now seeks to impose con-
trolls on the effects of imitation while
it continues to encourage the con-
ditions which cause imitation"
The statement set forth these 10
points on which 1t said committees
are now working.
l. Encourage an increase of pro-
duction as rapidly as feasible
2. Eliminate non- n-eSSential Gov
ernment expenses, and reduce debt
and taxes.
Restriction on Exports.
3. Restrict exports. particularly
to countries which have not suf-
fered the devastation of war.
4. Discourage further increase Of
bank credit for non productive uses.
The statement said that "the ad-
ministration has failed to use ef-
fectively" the power which it has
had to restrain bank credit.
5. Discourage undue increase of
consumer credit.
6. Support voluntary program to
eliminate waste in the use of grain
and food.
7. Support a general program to
encourage all those in a position to
do so to save more.
s. Authorize the President to enter
into temporary and voluntary agree
ments with industries to limit in
ventories and authorize priorities,
so as to remove bottlenecks in the
production of vital commodities.
9. Extend rent control for another
year, making such adjustments as
are required to give just treatment
to tenants and owners alike"
10. Give authority to the extent
necessary to prevent improper and
excessive speculation on commodity
exchanges"
Truman Policy Attacked.
The Republicans concluded their
statement of principles with an at
tack on administration policy.
THE present administration has
failed to stimulate the initiative and
other elements of individual freedom
(See ECONOMIC, Page A-10.)