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Show Wm. S. Shipley of York, Pa., Al- bert M. Carter of Murphysboro, 111., and Samuel A. Smith of Eos-ton, Eos-ton, as directors of the SWPC. Farm parity and wage stabiliza- tion are, in effect, direct steps toward subsidies which will, In turn, call for government help for war-stricken businesses. These are basic to the development of the campaign to back the President's seven-point anti-inflation program with law. Expect a Presidential announcement to prime an historic j debate soon. Free enterprise may be the crux. If subsidies are set up for the farmer, labor and war-sick businesss the government would be taking a long step in the direction direc-tion of bigger and better paternalism paternal-ism that would outlive the war and shape the pattern for postwar post-war casting. Army, navy, and maritime commissions com-missions are taking steps to obtain ob-tain refunds on excessive war profits. pro-fits. It is the intention to obtain profit refunds through review of' financial statements, if possible. No set formula will be established. establish-ed. Some companies might be permitted per-mitted a 7 or 8 per cent profit, while others might be granted a higher percentage In order to maintain normal operations and set aside a cushion against postwar post-war conversion needs. Machinery for a small war plants corporation is being assembled to accept prime contracts from war procurement agencies but capacity capa-city to spread the 150 million dollar dol-lar fund voted for the purpose by congress is limited by raw material shortage and the expanding production pro-duction of established all-out war material producers. WPB Chief Nelson has appointed Lou E. Holland Hol-land of Kansas City, chairman, James T. Howington of Louisville, JameS Preston The political grapevine reflects growing: concern over war progress pro-gress or lack of it particularly in armed circles. All want more official frankness on developments. Off the record, officials believe real news is more alarming than headlines. head-lines. Consensus is that politics-as-usual would vanish into thin air if the American people realized the enormity of the war job and demanded action. Controversies over wage levels, farm parity, prices and rationing are inevitable. Wage stabilization which ties up directly with parity must be dealt with at once, as the spectre inflation looms. The wage situation was brought to a head by the WLB 15 per cent grant but the administration still shies at wage control. USWA will take the 44 cents and demand similar raises for half a million more steelmen. The administration wants wage control without the war tag. High officials hope to get congress con-gress to build a wage-fixing board which would grant increases based on living costs. Meantime the farm bloc issues an ultimatum on 100 per cent parity fixation if wages are set. |