Show squeeze eze on profits profits' Referring to problems faced by business Augustus C. C Long chairman of the board of Texaco Inc says sas In recent years the ability of business to operate profitably has been handicapped by oppressive taxation and by unrealistic depreciation depredation rates by inflationary wage and benefits demands and by government i pressure and intervention This squeeze on profits is one of the basic base obstacles I Ito to the recovery and growth of our whole economic ays- ays tam tem Profits not only enable corporations corporation B to pay a roo reasonable reasonable reason reason- son able return to then their owners but also to expand replace inefficient equipment employ more people yes yos even pay more mora taxes Mr Long believes a complete face about in the attitude of the public and government toward business in thus thU country is necessary The feeling S says he seems to be getting letting pretty rooted deep that everything bus busi ness fleas do does a is Ii wrong Our country is the greatest nation on earth because of t the e American way of life which is the free enterprise enterprises s system tem Busine Businessmen are largely responsible for far our growth and greatness We must protect ct that system and in doin doing so industry as well as aa labor must be treated fairly |