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Show . Industry Lagging Behind Invention CHICAGO, June 29 Applied science and mechanical methods in American industry are lagging further behind new discoveries and perfected inventions today than ever before in history according ac-cording to a pamphlet, "Capital Goods and American ProgresG," published today by the Machinery Institute. The lag is attributed to the slow replacement of industrial equipment and other durable goods which became obsolete during the depression. Reemployment and advancement in the standard of living are being retarded by the slow replacement and lack of expansion, ex-pansion, according to the Institute. Insti-tute. "There is grave danger to industrial in-dustrial and social progress in misplaced faith in non-productive public works as sources of purchasing pur-chasing power," said John W. O'Leary, president of the Institute. |