Show WAR PROFITS' PROFITS MEETING OPENS Munitions Hostile Toward Roosevelt's Proposal i. i WA WASHINGTON nIN TON Dec 12 JP- JP iA A committee headed b by Bernard M ir IU Baruch of New York Yorki chairman chairman chairman chair chair- man of the war industries board during durin- the World war was named today by President to formulate a program to 1 lake ke kethe the profits out of war WASHINGTON Dec Dee 12 UP UP- UP Lead Leading ng industrial and cab cabinet net advisers ad advisers ad ad- met with President Roosevelt today to 10 dev develop lop legislative recommendations recommendations to take the profit out of oC war and assure efficient mobilization of men and machines in event enl of future war The program w win was s embroiled in controversy con- con before it ft was started Directors Dire I tors ors of the senates senate's munitions investigation gation viewed th the presidents president's action as is premature They suspected an ef- ef effort effort fort brt 1 lo to thwart further committee disclosures disclosures disclosures dis dis- closures and declared congress rather than han the administration will wm draft the new laws Financier Bernard Baruch and General Gen Gen- I eral Hu Hugh h S. S Johnson and the secretaries secretaries secretaries secre secre- of ot war var navy and state slate were among those participating in the initial Initial In In- White House conference The president continued General Douglas MacArthur in m office definitely lely as chief of staf so he can follow v through with nth the program program this winter Calling of the conference was rescaled revealed re re- re- re scaled only a few hours in advance with this statement by the president The Thc time has come to take the profits out of oC war Mr Roosevelt said the senate senale inquiry inquiry inquiry in in- had attention on necessity sity ity for such action Despite the indirect praise authors of ot the investigation Senators Gerald Continued on Putt Page Two AR WAR PROFITS' PROFITS MEETING OPENS Munitions Hostile j ft t Tow Toward rd u Roos Roosevelt's velt's Proposal 1 X 1 d r Continued from froni Pa Page Pace e- e eOne One P P. P Nye Republican N. N D D. and Arthur Vand Republican Mich were cool toward the White House pro pr gram Departments of our government are ire really defendants co-defendants with wilh the munitions industry and the profiteers profi c said Nye Instead of or letting those departments now write the remedial legislation let us first havethe have ha havethe the full knowledge dge of the part the they have played in creating the need for remedy Two Added To Board oard When I r view in part the personnel of the conference Nyc Nye said T ur r cannot cannot cannot can can- not but think how unfortunate it is to that Dillinger is dead He was the logical man to write the crime anti Jaws laws complained the White WhiteHouse Howe House conference ignores our firsthand firsthand firsthand first first- hand information hence Irenee DuPont spokesman for the lamo famous s arms and chemical concern now hOW under senate scrutiny said the presidents president's proposal was fine finc As the conference started two more officials were added to the committee Opportune Time Undersecretary of t Agriculture Rexford Rexford Rexford Rex- Rex ford Tugwell and Assistant Secretary of ot Labor Edward F. F McGrady went Into the conference The president emphasized his proposal pro was was' not an immediate preparedness pre measure On tho contrary he believed the fact there arc are no war clouds on the horizon now mado this an opportune time for overhauling the laws and preparing for lor effective mobilization it if war should come Again The administration is understood to contemplate preparing for federal Control of credit and re regulation lation of prices in war t time me as well weIl as profitless profit less mobilization of industry Agencies to be Set Up l I Ithe Proposals carefully worked out by the war department and d now used as asa asa a 3 basis for discussion b by the White WhiteHouse WhiteHouse WhiteHouse House conferees call for the followIng following following follow follow- ing agencies to be set up up in case of war v 1 An industrial control body similar simi simi- lar Jar to to the war industries board that fu functioned d during th the h World war Z s. A labor administration to insure an tn equitable distribution of labor 3 A price control agency to guard against inordinate price increases and profiteering in commodities 4 i. A public relations to provide pro authoritative Jin Information to the public 5 to conserve and to g guard ard private capital into essential Uses 6 A war var- var trade trad administration on to direct foreign trade C. C O a 0 P. P Ord Ordered r d Du Ponts Fonts Ponts I 1 p. p if j 1 What they W Want ant WASHINGTON 12 IP An P-An An order from rom the Republican high command in the senate in hi 1920 when the American chemi chemical al industry was seeking a dye embar embargo o to give ve the Du Ponts Pouts what they want was described dc tod today before senate munitions muni muni- investigators A letter from one Du Pont company com corn pany any official to another told o of ofa a 3 conference con con- ference in which former Senator Penrose R. R P Pa was said to have ordered o-dered Senator Watson R R. Ind md to give the Du Ponts Fonts what they they- want Just as as' far as you possibly can can without without with with- without out out getting into a row Irenee du Pont testifying before the committee explained he and other chemical manufacturers were d doing Ing all they could to convince the nation that a domestic chemical industry in jn- was vas essential to national de de- de Another letter from Du Pont files said aid Watson would follow the Penrose Penrose Pen Pen- rose lead and added that Penrose Picked him him- him to to put this thing over for w. w The The- f same ame Ie letter r mentioned form former r Senators Du Pont R. R Del Curtis Curbs R. R Kan and McLean Ut R. R Conn |