Show I Views of the Nations Nation's Press Representatives of the treasury treasury treasury treas treas- ury and federal reserve system art are conferring with the theoffice office of ot economic stabilization to devise new defenses against the danger of inflation The problem is according ac- ac according according ac ac- cording to Secretary Morgen- Morgen thau to induce consumers to refrain from spending some ome omeS in 1913 1943 That figure fig S ure tire is the treasury's estimate of the gap that will exist between individual incomes less personal taxes ane and the volume of goods and services that will be avail avail- able Fortunately it is not necessary to tax away that entire entire entire en en- tire At present rates about of the amount is 14 being saved andIs andis and andis is therefore not inflationary What Is needed is ia some come means of getting the consumer public to continue savings at the present I i i t rate and in addition to refrain from spending the left over That is not a simple job Even if of ot additional personal income taxes were le levied le- le vied the inflation gap would not certainly be closed for some of those taxes would undoubtedly be paid out of income that would otherwise have been saved or out of ot accumulated savings Beyond that an increase of ot this magnitude magnitude magnitude magni magni- tude in regular Income taxes coming on top of recent In Increases Increases increases in- in creases would mean terrific tax rates It seems clear th that t new approaches will be necessary The object must be to encourage savings and discourage purchase pur pur- chases chase In such a program compulsory compulsory com corn savings and some form of sales salts tax or the equivalent seems inevitable New York Times S li i t 1 5 |