The journal. (Caldwell, Ohio) 1934-1961, 1952-05-08
BurgIary-Government Style

PRESIDENT
announced that the Government had seized the steel
panes The steel companies already have appealed the
courts for nunct1onS to restrain Uncle Sam from proong
ing this tgran act of piracy If the courts do not rule in
favor of the steel companies then say farewell
freedom of enterprise in America
This act of the Administration should strike
the hearts of every businessman Qarge smaD every
farmer editor every professional man. every teacher
in fact of this nations $50 million citizens Who
tell who will be ~aex onthe Government seizure list?
This seizure than just taking property away
from the 100000 stockholders of the six large steel
panieS taking their freedom and that of every
American man, woman and child
The President attempts justify his action by stating
it avoid emergency Cessation of steel produc
ton would constitute emergency but relatively small
compared to the emergency created by this Govern
ment grab of private property He has caused the nation to
jump from the frying pan into the fire
Space does not permit here to go fully into the details of
the threatened steel strike but briefly here the facts
! see them:
First the Wage Sterilization Board recommended a
wage increase of rs to 80 cents an hour.
Second the union announced policy of whole hog"
or strike.
Third the President of the United States (caed by the
steel workers chat rather friendly gentleman in the White
House) declared that the unions have that whole
hog and that the cost must be paid out of steel company
profits
The executives of the companies maintain that these
increased could not be paid out of profits and asked
raise price of steel if they to grant the whole
hog of the This request seemed reasonable
simple two plus two equang four that produc
ton costs cannot be greatly without raising
selling price of the product that S if there to be any pro-
fit left for the stockholders.
It is the height of absurdity to pretend that such
nous in be paid for of profits indef
ntey Ultimately, it the publc-you and who will pay
the BILL We will pay for it in part through the increased
prices for steel products We will pay for the rest in taxes
make for the corporate taxes the longer
collect from steel companies operating at little
profit
So what going to do about it? Already have
savings melting away under managed
and promoted initiation We have witnessed
ernment follow consistent policy of cheapenng and reds
tributng savngso others through initiation and
I>cseasng taxes.
NO matter whether you think the steel unions
hts whether you believe the steel companies
right insisting higher steel prices before granting that
demand do something about it, This thing has past be-
ing squabble between workers and management 1t
now reached the stage where American Government
in worthy of Russia itself has grabbed private
erty. =.
If you share of stock Government bond, if
YOU of the 80 million who has equity in life ina
surance policy, you of the rs million with money
in savings bank you of the many millions now
getting expecting government private pension
financial security is threatened. Bestr yourself!
Write your Congressman and two u S. Senators to take
necessary legislative prevent any
of Government sezng private property has been done
in the of the steel companies Let them know that
are against larceny theft confscaon and piracy of any kind
by anyone at any time; and especially against burglary
Government style-George Peck.