Show t I 1 JS t e t tl 1 l I II If J r CONCERN I is being expressed expressed se 1 in VJ about the I many quarters nations nation's na na- tion's tion economy The question has been asked Will pe pease pea e If U it ft r comes also mean depression It Is generally generall believed believe 1 Co Con CoA Congressional gressional Quarterly reports after an extensive survey of federal agencies that the remainder of r 1933 1953 will see aee a healthy economy 4 although U. U US U.S. S S. S economy has been closely attuned to the de defense defense ens pro pro- 4 gram Cutbacks in that program t s will mean some economic adjusting adjust ing but It should not mean a depression depression de in 1953 1053 The survey however indicated ted a that the prospects for 1854 1954 are less leas certain and that there may be bea a major test of the nations nation's economic eco eco- L strength in 1955 1855 when de de defense Tense lense spending is expected to to level irl off ott r It is 11 the projected trap from a defense to a civilian ec n. n omy that marks 1955 1855 as as' as asa ua a crucial year A recession would be entire entirely ly possible If civilian markets are unable to expand enough to I take up the slack alack left by a decline Inthe Inthe in inthe the defense up build-up Congressional I Quarterly reports Peace In Korea might also mean lower taxes and this would woul help ease business and the thel consumer er over the drop in demand and and nd fin in available money The trend could could also include de an increase In public works construction But Dut the years after 1953 1853 will WW present pre t sent economic problems to industry indus w try and government alike Meanwhile the world watched for lor new Russian peace bids and heard beard President Eisenhower outline out line a plan for peace The President President dent In a speech before the Ameri can Soc Society of Newspaper Editors challenged the Russians t to end the Korean War agree to disarmament ment meat and the unification n of Korea and Germany and to prove their peaceful intentions The speech Is is' is being called massive and magnificent and Is being applauded in the capitals of the free world In it Eisenhower warn warned d that America will speed its rearmament drive on all fronts if 11 Russia fails to make prompt re reo spouse On the Korean front Chinese and U. U N. N officers were attempting attempt ing to get scale full peace talks underway again But wise observers ers era were pointing out that the Reds have not backed down from their dem demands that all prisoners must l be e returned whether they want to toor toor toor or not not- and that the United States maintains its principle of voluntary voluntary volun tary return which mir mired d the talks last October If Jf ts will a neutral country to to take custody of some some prisoners ners the AllIes say 88 refuse to return to Red rule then there is la Isa a chance for peace In 1953 1053 If U not the situation in the next few months ma may become more serious than ever before As a final note the free world Is pointing to the latest est br breach a h of conduct b by the Reds in K Korea rea The Reds Red's used sed convoy routes over which the they were moving Allied sick and wounded to move military supplies It Is ts' reported the they mingled the trucks so the supplies would not be attacked by U. U N N. planes It only points out again the be lief of the free tree world you cant can't trust the Communists under an any circumstances |