The globe-independent. (Hagerstown, Md.) 1943-19??, 1953-08-06

J4dBGA obOWn liuSb LllE
problems which should be solved in
order to provide the hundreds of
new productive job citizens here
will need by 1860, Herman Stock
slayer, president of the Chamber of
Commerce stated last week in a
press release.
In emphasizing problems created
by rapidly growing U. S. popula-
ton, Mr.. Stockslager said that Y
and a quarter-million Americans
will need steady, productive jobs in
1860 according to latest government
estimates.
To equip these workers, $94 bill
! lion of additional investment over
| 1850 will be required, said Mr..
Stockslager, who based his state
ment on figures just released by the
National Association of Manufac-
turers.
Referring to the situation here,
Mr. Stockslager had this to say:
"Of Hagerstown's total 1850 popu-
lation of 36,26O, we had more than
1854 people in the labor force-in
industries, stores, municipal serv-
ices, professions and other enter
prises." He emphasized that these
census figures refer only to the city
of HagerstoWn but that all of us in
our community are acutely aware
of the fact that Hagerstown and
Washington County does provide
for-and must continue to provide
for-the employment of many hun
dred Of residents of the nearby
areas. "This," Mr.. Stockslager said,
lis the attractiveness and strength
of Hagerstown as the Hub City in
an ever widening market area"
The NAM compilation, based on
census bureau data and covering
some $50 leading industrial cities,
shows that the increase in the ma
TONS force Excluding immigration
will be about 1914 per cent between
1850 and 1860.
Mr.. Stockslager noted that if
growth of the labor force in Wash
ington County merely keeps pace
with the national average, more than
| 1,724 new jobs will have to be pro-
vided by 1860. He pointed out that
whether the actual number of new
jobs needed here by 1860 will be
less, or more, than 1,724, depends on
developments within Hagerstown
and the rest of the country in the
next few years.
Mr.. Stockslager emphasized that
after 1860, the national problem of
providing productive jobs for people
entering the labor market will be
magnifed. He said the record num-
Der of children born since 1945 is
already creating enormous prob
lens in providing school facilities,
and these same children will be
coming out Of school and looking
for jobs in the years after 1860.
eff these persons entering the Ia
Dor force by 1861" said Mr.. Stock
slayer, "are to be as productive as
our labor force today, they must be
provided with buildings equipment
and tools equal to those of today's
workers. This means that our local
people, whose savings help provide
Americas risk capital, will have to
spend some $21,000,00O here by 1850
to equip the expected 1924 new Ha-
/ gerstown workers In the years af-
ter 1860, additional hundreds of mil
lions of dollars will be needed to
keep pace with the accelerated
growth that can be expected here
at that time"
''The fact that Americans, since
World War II, have invested less
than So billion annually in new
stocks is an alarming sign that we
have lost our ability and incentive
to make the investments on which
new job opportunities for our citi-
zens have always depended" Mr..
Stockslager said. STUDY might
well be given to the extent to which
present high levels of personal and
corporate income taxes may be re-
sponsible for the recent lack of risk
taking investments.
While stressing the urgent need
for giving immediate thought to the
problems of providing thousands of
new productive jobs for the future,
Mr.. Stockslager said that further
attention must be devoted also to
other local prob1ems-current and
future = including transportation,
streets, schools, parks and play
grounds, hospitals and many other
needs. There is no need to tell the
residents of our community" Mr..
Stockslager said, "of the great pro-
gress we have made in the erection
| of new schools and Y1oodnrnizatioy,