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ECONOMIC tl 1 CLIMB HALTED 1 monopoly Probe Told of Basic Changes by Economist WASHINGTON WASHINGTON ASHINGTON Dec 3 s Leon Leon Henderson one the new deal economists I In n rally credited with most iy dy access to the White use juse today told the joint I ti monopoly committee that tha I growth in this coun coun- y has stopped and that an anfor any for rehabilitation tit face that fact iut But 3 t Henderson offered a som some some- at at t brighter picture of the n nI's nIs nas na's nas na's na- na I's Is s 's unemployment situation In p face of other estimates which d ci placed the number of jobless high as he presented official statistics showing unemployed as of October I wever the economist said thare that tha i re e would be jobless i in countrY today even if there ther been no depression and no r re- re ston Slon This he indicated was aner an an- er r of the facts the committee committe st face K lie He Forecast Slump Her deron's on's ons testimony on the I U. U economic position drew the cap capi- capi i- i close attention since the prestige pr stige was established b my by ln JI ne-in ne in Washington W Va hington at leas least least- fiction diction of the the slump r 1938 There rh There e has been he said a mos most departure since the 1929 lk from rom our our historical line o of Where America for aist al alst al- al tit st a century and a half could coul look to new frontiers a aT steadily increasing population d alto to free competition these am amer and ander er vital factors are today either eithe marked decline or approaching vanishing point he declared This is is the most most apparent Henson Henson Hen Hen- son asserted from the course o of production since 1929 Noe N No Nofer e can overlook it nor believe er en than that as things now nd our growth has stopped Ills not a s temporary thing I It Itra ra tar more far more more serious than most people w Basic Changes Occur terms In of per capita produce e are failing to hold our own Ugh rugh the rate of technological inge ange i ge improved technique in pro pro- holds its steady courseS course S 'S Some me hold firmly to the belief belie it our economic ills are due to toI I rapid a rate of change and the then n social adaptation In any anyse iet se Ie it is evidence that changes v ve occurred which alter our basic lances very substantially rh rhen n the former N R A and W P A now attached to the com- com as its executive secretary ten fundamental changes ich deh led him to his conclusions these rhese rh se included the passing of leveling off of the rand n-rand the decline in nj through price controls selling widening use use of the carate corate corate cor- cor ate form dominant corporations i Up the rise in collective effort as Continued on Pace PaJe Two I Column m One MONOPOLY QUiZ L TOLD OF LOSSES Continued from Pago Pase One Onea a means of protection against risk rV Likewise he pointed to government govern govern- ment nent Intervention through the mediums of public enterprise such as the T TV TVA VA A through land grants to railroads in the last century and through protection afforded by government franchise and patents Lessening or competition through Import restrictions of ot savings in Insurance companies com corn panics banks and corporate surpluses surpluses sur sur- pluses the the- enormous normous Increase in consumer consumer credit and the absence of great industries recently also Were cited The complexities of ot American economic life also drew Henderson's Hendersons Hender Hender- sons son's attention and h he declared that we are left with a tremendous sense of ot appreciation for the degree of coordination still retained which is producing of goods and service this year Measurements Stagger t But appreciation he went on gives way to bewilderment and perplexity when we remember losses like of wages and salaries ot f farm income inome in in- come ome and of dividends dividends divi- divi in the last lat nine years These are dollar signs of meas meas- rement And in human terms the losses are measured by millions of Unemployed j To ro seek a solution he recommended recommended recommended mended that the committee rem remember remember ember em- em ber that it is dealing with a vast and complex organic growth in inthe inthe inthe the American economic structure ture Th The approach Henderson said mid should be much in the same way medical science approaches the problems of the human body and I not of ot original sin Inquiry Suggested 1 The following questions among numerous numerous others Henderson told the committee also should be thorOughly thor- thor examined in the quest for a solution Can this country rely in the future future future fu fu- fu- fu ture on competition as the mainspring mainspring mainspring main main- spring of its economic system In what particulars are the antitrust antitrust antitrust anti anti- trust laws inadequate Can economic forces be divided Into nto f monopoly and competition Why has new investment lagged What is the proper function of g government in periods of underinvestment underinvestment under- under investment Are our liberties endangered by bythe bythe bythe the growth of private control Is there a 0 relation between colle collectivism col col- col- col le in private industry and c in government Should the government intervene inter inter- Irene vene to afford the individual business bus busi ness ess man a better status in competition competition com corn petition Answer those questions and a hundred like them and the inquiry will vi l have laid a predicate for its search he concluded |