The Courier News from Blytheville, Arkansas on December 18, 1946 · Page 8
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The Courier News from Blytheville, Arkansas · Page 8

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Blytheville, Arkansas
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Wednesday, December 18, 1946
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Page 8
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FACE EIGHT Industry Fires Barrage at CIO Union's Logic Behind Wage Boost Campaign Assailed by C. of C. BY KAMOM) I,AHK United Prtss SUff Corrcsnomlent WASHINGTON'. Dec. 18.—Industry fired a new barrage at the CIO tcday in the statistical bailie accompanying the CIO's new drive for higher wages. The louciesi shot came from the U. S. Chamber of Commerce, which released a critical analysis of Ihe ClO's wage case along with a statement from William K. Jackson, president of the chamber. The larget was the report prepared for the CIO last week Ijy Robert Nathan, former government economist. The report said industry in general could raise veages 25 per cent without price increases. "The fallacy of this argument, as now offered by CIO leadership " Jackson said, '/was clearly established last winter when it came from government sources. Thc nation then was told that wayes could be raised by 24 per C cnt j without any price Increases. The | IKople or the country now know; that this was not- true." Jackson listed nine objections lo Ihc Nathan report. 1. If all profits went to an "omnibus corporation," he said, labor might "dip into the pall and take a piece." But profits are Inequally dlslrbiuted. Jackson added, and thc wnge nlcreascs nre enforced on marginal and losing companies so prices must be raised to absorb the pay increases. 2 while real wages may have declined recently, they ] )n ve shown a "Phenomenal increase" in thc Past five or six years. By comparing present wages with January. I 1045 levels, Jackson said, the CIO used Ihe peak of wartime take- home pay. 3. The CIO used the "depressed period of 1936-38 for profits comparison, he said, mid "by selccllo'n of high wage and low profits periods -nil altogether false picture is presented." Dividend Hollar Shrinks, Too 4. ''The CIO Ignores the fact (hat the dividend dollars has lost purchasing power just as truly ns tho wage dollar.' Student Attacked Miss I.oulsc Ann Moore, '-i-ye old Smith College graduate 'irom Bronxville, New York,' who was brutally assaulted mid hurled fnm ft car in Northampton, Muss. Police of Northampton are look- Injr for two men who ya/c M'ss Moore a ri<lc in their car alier she atlcndml a leclurc (NBA Telcpholo.) 5. Since Ihe first round of wage increases raised prices, Jackson asked, what assurance i s there that the second round would not do the ,. e - Tll <; iHsarity in waj-o rates of different workers will be increased because "powerful labor monopolies nre leading the current drive I" a few industries. 7. The Nalhnn report's profit cs- Umatcs ignored the fact that the investment in Industry had in- C £T*\ , thc divi(Ic »<i dollar hat! declined in value and profits represented a small proportion of national income. .*• Projecting 1940 profits inlo 1947 is dangerous, Jackson said m fiailSC m '° : ° por ctnt « the 1946 profits result from an Increase In Ihe book value of Inventories „',!'• Pl ; of . lts as "' l'ci'ce«lsee of the ^ f ," 1C ° mc arc ^'"""y below the I6vel attained in prewar normal good years." Jackson's statement was based on £L Bn "h yS L 0t UlC Nnthn " '•»T><'i-t ?£ „ "r En ierso » P- Schmidt, director of the Chamber's economic research department, it "°" New York Teen-Agors Held for $2,000 Theft MIAMI. Fin., Dec. 18. (Uf) — Four lecn-aiic New York ci'v youths who hart lived !„ JIG .1 ,i'iy rooms and handed out S5 tips to waiters who served breakfast in bed, awaited the day of rcexonin-. today. The boys hove been accused ( ,| a $2.000 robbery In their homo cjly They were booked as John A Alexander, Patrick j. Quinn A l- fied and Jacob Sand, all 17 Police said lhat they confessed robbing a printing s |,op W hcti arrested the hoys had $900 IctL ot Ihe loot. 1947Prosperity Continued from l'a s e I. next years economic problems. "The impediments lo prospcritj in the near future are of the sor that must oe worked out vvlu , ol , t benefit of direct Government intervention. through the practical wisdom of management and labor fanners and financiers," Ihe ic thnugh other industry spokesmen have also been shooting ftl it. Beware Coughs 'from common colds That Hang On Ore omul si on relieves promo trouble 1 fn C h ri - eht , to 'hele trouble to heip loosen and i - dald nat soothe and heal raw, tender ta namcd bronchial mucous mem ' T ' yo M=E~£j=£ £8584SS!i82H "TakeOur Word for it!" Immediate Delivery ""-'••MUKuaHc^a&BKMa&siss We ve Never Hod a Tire that Sold v as Fast as the Tire that... OUTWEARS PREWAR TIRES" P™ ip^is/tt X' ±d thc b r d - r> flatt " sii ""- n it» so hard to keep (he new K F r ' ' ' v " covcrs more ro«d .Goodnch postwar Mlvcrlown in s " rfacc ' hu S' «h* ro»d better, helpt lunditr™"- d" 1 *' tiTe ^ aclor >' s out- P rcvcnt skiilding »ad slipping. "Any way y ou [^j; Jt ;, thc nfw s have been Silvcriown is today's mosc-for-ll* «"i If c won- money [,rc for your c«r U M •) aregctnng Karl6 „.„•„• , „ ' ' "*. C/a«s Head quartcrs BLAN HEATH fas SUPPLY 1'hone 828 J21 West Main Sfrcct BF Goodrich r 'RST IN RUBBER port said. "We believe Dial I lie millwik for production ami ,icil>s jn Hill ll«i primarily In ivlicllirv I lie responsible persons.. .iifll shim a willingness Uv face Ihe Issiirs and demands of a free enterprise .system realistically anil alum lulcll- l.teiice Miul (kill „,. ricx'.We i\- pjrlm-nlallon In i.iTlrlne at workable formulas uf adjuslmcnl," Ihe rf.xul Mild. The council called •••> l'">dfj-.- »> management and labor to show statesmanship—ami not ub-.'iiu^.,— In adjuslltifj their differences. "In spite of certain conditions I lhat inlahl make for a dip jn JD47." the report nmtiniird "we believe that cmtriiijeuns and .sensible action by those rei.punsl'olc for the administration (;i private business relations ihK'hiiliiii' Jaljnr unions) can at >/.sl !•,<,[,] Kt \, a'ic- cessfon lo moderate pjoponlons if not avert It. "Therealter, it world .•:«•„, I hut broad Insis rondnirms swwsl that II will be easy to have some years ot high pi'iwhu'lioji, employment and purchasing power..." President Tinman made the re- pnrl public ;it a , H . WS [, m [,., ( ,- K , ( . He appointed (he r-mmci] last Aunnsl under Hie employment act of I01G the so-called full employment act. The members are Kdwin G. Nour.^e, ch:uMn:in; i/<un n KI-V- crsllns, vice-chairman, and Jn'iin n" Clark. Their first report dealt in nciiei'«l terms with the economic situation President Truman's cconomi:- me',e lo the next O'otinrcs.s wilt cun- ts'In specific conclusions ,-imi recommendations-. The council s:uv some daik clouds In the economic sky. CIO unions have opened campaigns for new wa s e inn eases of around 25 per cent. Some ma.iaRo- mcnl rcprcxcmaiivcs. already imvc BLVTBEVILLBJAIUU COUKIER NEWS announced tlielr op|>osltion Lewis Is -JL Factor John I,. Lewis is holding back « dnve for wage Increases fo- Hie Unlte.l Mine Workers (AFM | )C ndJMI: the supreme Court rullnf "n his contempt case. Private mine operators have «iven no Indication thai the v would accept terms I of Ihe present U.MW contract. The , council apparently had in mind me.se trouble spots when iHerrc.l to the nation belt m "'• i the moment, in ,, situation of mit iimlcrslandinB and tension amot tie ind.spensable parties to our total economic life." 'Hie cmmi'II said U ,|id not u.iiirvu the economic situation ni'.u year W oul,| r CIJU [,. e «|„,,.„!,. niiMsures' of nubile works, «on- iiinii.'!- or nnidiicer snl'sMles. 1'rosperity In both ; 3 47 and 1048 demaiHls protliictlon .,„<( "ale of, 6XOO.CO, cars, I.503.CCO housing units •<nd .similar numbers of electiir ro Uijerators. W ashin B machines ad other accessories in cM'l, year, R •riie report ackiiowlcduccl Hat the demand for autos and t e'e other durable items probably will <lrop arier the present backlog of consumer wants Is exhausted 'This mlKht s|)ell deep depression for .some later lime- -but o»h if v.'-' Ian to make the gradual shift in cxpendllures and resource use Kit w-ise and foresecin B and asutt: plannniK for Ihis inevitable l:ond of development su eK csl to a t S i!iti'c C (i 0llS !>C " l>lc '" thc 1 ' c|)on con'•We must rccoenizc thc real i.i.i^imudc of our productive power »||(1 keep it S0 |,, 8 to ,-, lo(iu< . c f all the things that only thc more nivored have enjoyed In thc past" Can't iSpend W ay Out Hie council warned against thc tally new deal doctrine of the government spending its way oul of u depression |, y pump-primin;; Ihrougl, a make-work program like some of the old WPA projects. It said the employment act of 1C1C was "not ai : even the """,";— '*"" " t; mvunnon 10 cre- Rovcrnmenl- aU! Jot " i '"'nflclally or pad the B ov- crnment payroll." 18, "II tabor is pricing ilself oul of Jobs or manufacturers and farmers are pricing themselves out of a in.nket, or capital Is pricing it- .self oul of Investment, the basic remedy is thc correction of these to ere- specify situations, not the Injection of some aggregate purchasing PICKED MEN WANTED lor interesting wark In Japan ALL EXPENSES PAID AND $90 FEB MONTH U. S. Army Ground Forces units now on peacetime duty in tho Far b?st tncludo some of the most famous combat divisions of the war. ttio hrst Cavalry Division, for example, now mechanized in Japan rnado an upforgorablo record. It was tho first U. S. unit that reached Manila and Tokyo, and received Distinguished Unit citations fc.- action on Los Negros, Kwajaloin and Loyto. Picked young men who can meet high standards of the RoguU,- Army. arid who enlist for three years, can now join this great division, atfcr initial training in the U. S., and help enforce peace in tho OricnK Service in the Far East today provides excellent living conditions "•kl i?"- 0 ,,° n fa ^ ilillos ' Sightseeing is encouraged. Swimming pool-, athletic lio.dswell-oquipped clubs aro available fo soldiers. Oversea, pay 20,/ higho, than at homo, ilsth ,f J 90 a 'month for a Private. t Jt f I ? "?' ^^ modical * nd d ="^ care and other benefits En istmonts open to men 18 to 34 inclusive [17 with parents' consent). Full details at U. S. Army Recruitino Station- P 115 N. 2nd Street, Jr. Chamber of Commerce power In a do.e measured in si*e|nomic role should be '•coinpilmen- to oflect an estimated future total jtar v lo private business" - -md of uncmplovment," the council said, should not be "tUhcr confllcllm- or Thc report said government's ceo- | confusing." conjiiclhn, 01 •i, m ,,,i, r- •/' leU ' W ' 10SC 1!0|>lll!lr l»'osram is presented here .Monday inroiiMi i-ndny by Montgomery Ward on station K! CM -it li-;-o -i ,,, joins Pat O'Brien and his family and Santa ciaui or ride in mania's sleish down the movie capitol's world famous SaMlaC'.u' Lane. Two of the O'Brien's four children. Teirence Kevin •-, •> It will be right before Christmas and Ihe late shopper's eye m:.y not .ice a yarmcnl, not even a tic! So visit Mead's now, whil, you' still have your pick, and at Christmas you'll rate right alone wilh SI. Nick. ^ sw r~V. m Wi« wvs •m HOLIDAY CLOTHES HARMONY by Kurt Schajfncr & M .sp rsM *~*~ - - "my be here. JUST ARRIVED—Six dozcn fal , and winfcr suits , MEAD'S >" « V .' Nrx,

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