OCR Text |
Show i by JameS Preston Some problems of industrial reconversion re-conversion are developing- so rapidly rap-idly that policy makers here are unable to keep up with the parade. This does not imply that any wholesale cessation of war work and shift to civilian production is imminent. But it does mean that the munitions program has developed devel-oped to the point where some of the major reconversion problems are obvious. Some are demanding immediate attention even before Congres-ional Congres-ional and administration planners have completed their overall reconversion re-conversion program. One of the most urgent is the disposal of surplus war materials and equipment. The size of some of these surpluses already is tremendous tre-mendous but they are merely drops in the bucket compared with those that will exist when all hostilities hos-tilities cease. Need Reconversion Funds . . . The manner in which they are disposed of will have a profound effect on the national economy. Disposed of indiscriminately, haphazardly, hap-hazardly, dumped, the effect would be extremely deflationary. Disposed Dis-posed of in an orderly manner, the impact of surpluses would not smother our postwar markets. Industry will need additional funds to reconvert speedily and achieve maximum post-war employment. em-ployment. Congress is being urged to allow corporations to se up re- serve funds in the form of speciaH government bonds. The Treasury would have the use of the money now, when the government needs it most and the funds would be available to industry in post-war for the vital job of re-employment. |