Show Views of the Nations Nation's Press Press' I Nothing could better belter illustrate illustrate illus mus- the effects of war on corporate corporate cor con profits than the second- second quarter earnings report of the United States Steel corporation Big Steel as it is known to the trade is one of the genuinely genuine genuine- ly efficient big businesses of the nation It has been surfeited with war orders from the beginning beginning beginning begin begin- ning and had been operating at capacity long before this nation entered the war It is an operation operation opera opera- tion moreover which is well di diversified diversified dl- dl versified and whose over all activities activities activities ac ac- ac- ac present a fairly accurate picture of wartime industry as a whole Persons whose recollections go goback goback goback back to World War I were not surprised to read yesterday that United States Steel not only failed to earn anything on its common in inthe the last quarter but failed quite to cover the preferred preferred preferred pre pre- dividend What with Increasing in increasing increasing in- in creasing costs of operations higher taxes in effect and very much higher taxes In prospect the financial position of the strongest of the war Industries leaves much to be desired Only yesterday the Iron Age called attention to overdue re repairs repairs re- re repairs pairs in the steel industry and their tendency to soften the op op- op- op eating crating rate Overdue repairs operate also to increase unit costs of production and to undermine undermine under under- mine nine profits eland Cle Cleveland Plain Dealer Speeding Is always an antisocial antisocial antisocial anti anti- social crime It is the presumption tion on the part of one individual ual that he has a license to behave behave behave be be- have with utter disregard for tor forthe forthe the lives and safety of other persons who have equal rights rightson on the streets and highways At the present time speeding Js is an offense against the whole people for tor further reasons It entails needless destruction of ot rubber which cannot be re replaced replaced re- re placed It threatens added congestion congestion congestion con con- in hospitals and it may endanger the lives of ot useful persons persons persons per per- sons needed for total national production Under such circumstances circumstances circumstances circum circum- stances there would seem to be bea a warrant for more severe and effective penalties than those usually applied Since money fines tines do not prove a great deterrent deterrent de de- ten rent for some individuals the better remedy would seem to be bea a collection of fines tines In the form of tires If It one tire were forfeit for a first offense a second tire for the next offense there would be few timers third-timers before the courts Decatur Decatur III Ill Herald |