Milford chronicle., 1952-09-05

The proposal that Congress be called into
special session to tighten up on price con-
trolls and crack down on manufacturers and
retailers who are allegedly gOuging the pub
llc savors of new attempt to drag a red
herring across inhatiOn'S trail. 1t lust
doesn't make sense.
First OF all, it is extremely unlikely
that Congress would make any significant
changes IN the present control law. 1t took
all the Administration pressure that could
be dredged up to get the law renewed last
time even in modified form. Congress- also
made heavy cuts in OPS appropriations.
Many Senators and Representatives want
TO get rid OF the whole mess as soon as poss-
ible. - PO00
Second, the claim that producers and
distributors are rObbing us blind is propa-
ganda OF the most misleading sort. In case
after case, manufacturers profits have been
showing substantial declines, due in large
part to tOdayS tremendous taxes. And re-
tail profits, which at best average onlv a
lew cents OF each consumer dollar spent, have
Deen gong down sharply, in many instances
to the vanishing point.
In the third place, to argue that price
controls are even a partial solution to infa-
ton is to fly in the face of facts known to
every economist. The controls deal onlv with
the symptoms of initiation, not the causes
They do not reach down to the disease itself
The long, entwined roots of initiation lie pri-
marily in suicidal government fiscal poll
cles-in the indefensible waste and extrava-
gance and general financial responsibility
that has characterized the conduct of gov
ernment for many years.
Finally, all the political hot air to the
contrary, controls cannot help but DESTROY
the free market in the long run. And when
That happens the other freedoms start to die
SURVIVAL
From colony of underdevelopment. the
United States has grown in less than two
centuries into the first power of the earth
This attainment has come not as a priviI-
ege, but as an obligation. Those people who
seek freedom in Eastern Europe, in China.
look to this nation for survival Those who
FORBID freedom dedicate their lives toward
our doWnfall-sO fiercely sets the battle of
free men and of Communism.
Let us say that nowhere is there an
American who does not long and hope for
peace. Everywhere there is PRAYER. and the
VIII OF men and women for peace.
for peace. ~ F'''''i II
The haze of World War II had not clear
ed before the Communists struck. More than
5OO million people fell to Soviet TYRANNY.
Even today the Soviet masters look afield
Their eyes are turned now toward Iran and
Indo-China. -''-''
According to the past, then, we must
view the future with concern. More impor-
tant than the staggering burdens of taxation.
more important than entrenched corruption
IN government, more important than any
issue is the issue of survival,
This is the decade of decision. Upon the
hinge of the next four years will rest the
fate of the greatest Republic the world has
ever known. Into no better hands can lead
ership be entrusted during this time of trial
than those of Dwight D. Eisenhower. Hav
ing achieved victory in the dark days of
!942-l945, he more than any other, is quail
lfed to lead us once again through the dan
gerous days of 1952-1956.