Evening star., 1955-01-30
Hoover Forecasts
More Abundant Life
AsScience Gains
CONTINUED Prom First Page.l

ton inherent In the merger
trend, the solution to the prob
lem is not simple. Each merger
must be considered on its own
facts. Mergers and Acquisi-
tions are receiving more con-
centrated attention in the De-
partment Of Justice than ever
before"
Postmaster General Summer
field-"We are operating the
Post, Office Department today on
a prewar price level and a post
war cost level. In terms of in
creases in most prices since 1882,
the three-cent stamp would cost
six cents today /. :. it is obvious
that new postal revenue is es-
sential."
Secretary of Interior Mckay
Because of the complexity Of
the problem (partnership be-
tween private and public power)
1t is impossible to establish an
exact figure on the tax savings
the partnership policy will bring.
That such savings can be sub
stantial, however. is indicated
by the basic facts"
Secretary Of Agriculture Ben
son-"Some reductions in our
surplus stocks have already been
accomplished. Government but
ter stocks stood at 467 million
pounds in midsummer; now they
are down to 260 million pounds.
Vegetable oils, like cottonseed
and linseed Oil, have been sharp
ly reduced. Some reduction in
stocks of corn will probably
occur during the present year.
Cotton will not be much changed.
Wheat stocks will probably in
crease a little more before they
begin to decrease"
Chairman Lewis L. Strauss.
Atomic Energy Commission-"A
very optimistic estimate of the
date of the first economically
competitive power in some areas
of our country electricity gen.
Grated by atomic energy would
be in the early 1905, and a more
probable date--in the middle or
late 1905"
Admiral RadfOrd, chairman,
Joint Chiefs of Staff-"Any
major curtailment of foreign
military aid probably would
amount to curtailment in the
development and Improvement of
the collective security arrange
ments all free nations seek"
President C. nj. White, Repub-
lie Steel Corp.-"The steel indus
try has ample capacity to meet
all the requirements that might
develop from Presidents pro-
posed road building program.
Highways to meet today's needs
must Be PROVIDED.
Admiral Ben M0rreeIl, chair
man of the board, Jones and
Laughlin Steel Corp.-"We do
not anticipate any serious threat
to our markets from foreign
steel or from competing domes'
tic metals and synthetics. I be-
leve that business activity will
support a good operating rate
for the entire year"
Herbert A. Kent, chairman
OF the board, P. Lorillard Co.
"The tobacco industry has never
and will never attempt to bal
ance the peoples health against
dollar sales. But ain industry
which affects, directly or indi-
rectly. the economic welfare Of
millions of people cannot just
write itself off because a hand
ful Of men think-on the basis
Of incomplete. inconclusive sta
tistics--that it should. We are
as eager as any to f1no the
truth. In cur own research
studies We have been unable to
detect any association between
smoking and health"
Walter Harnischfeger, presi-
dent, P. and H. Harnischfeger
Corp, maker of roadbuilding and
other machinery and equipment
Exclusive of President Eisen-
hower's highway program, high
way construction will be 1873 per
cent higher than last year;
schools. hospitals and institu-
tional buildings about Is per
cent above 1854 and drainage,
water works and sewage disposal
about 8 per cent above. This in
crease should have a stimulating
influence in the construction in
dustry and in the maintaining of
relatively high employment"
Col, w. F. Rockwell, chairman
Of the board. Rockwell Manufac-
turing Cove know that 1855
will be even more competitive be-
cause our foreign competitors
aided by lower tariffs. will flood
our markets with their surplus
low-wage products"
L. C. Campbell, vice president
Eastern Gas and Fuel Associates
THE Nations welfare and Sc.
curity demand that the coal in.
dustry be given proper security
by the Government to the enc
that appropriate policy change!
be effected, so that the coal in.
dustry's own efforts to meet tht
challenge Of not only emergenc,
but normal requirements may NJ
longer be impeded beyond 1T
control"
M. A. Hollengreen, president
Lands Tool Co.--"The fact 4
that the majority of the machin,
tools In use in American factor
les today were built to design
of Is, 20 or IS years ago. Sine,
machine tools are the mastel
tools. of industry. 1t is obviou
that If the American industr.
is to be modern and competitive
1t must re-equip itself with mod
ern TOOLS"
Harold A. Stassen. Foreign
Operations Administrator: Con
Rress will not cut funds for hi
agency draSticallY. because thI