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Show Citizens Urged To Remember Free Enterprise Business and industrial leaders lead-ers and citizens generally of Cedar Ce-dar City and southern Utah were urged Wednesday night to remember re-member the free enterprlze system sys-tem of America had provided Americans with the highest standard of living and the greatest great-est freedom any people have ever known. A warning was also given gi-ven that every individual become alert to the defense of our way of life or freedom and Individual initiative may be lost through the encroachments of "isms" from within the country and from abroad. These messages were brought to the people of Cedar City and others who had gathered from surrounding communities, by the speakers at the second annual industrial conference, sponsored jointly by the Cedar City Chamber Cham-ber ot Commerce and the Utah Manufacturers Association. The conference was held at the Branch Agricultural college auditorium audi-torium with a good representation representa-tion of businessmen of the area in attendance. Moderator at the conference was Dr. Adams S. Bouillon, vice president of the Utah Power and Light company, who closed the meeting with a plea to every American citizen who has enjoyed en-joyed the advantages provided through the American free Enterprise En-terprise system to awake to the danger of losing our freedom as the result of the efforts of enemies ene-mies of this system who are trying try-ing to wreck the American economy. econ-omy. Dr. Walther Mathesius, president presi-dent of Geneva Steel and Columbia Colum-bia Iron Mining company, told the audience that the steel industry in-dustry of Utah and the west Is on a sound basis and because of sound production practices and (Continued on Back Page) Industry Confab (Continued from Page One) reasonable costs, together with a good market on the Pacific coast there need be no fear of the discontinuance of steel production pro-duction in Utah after the national na-tional emergency is over. Dr. Mathesius expressed the opinion that there are sufficient ore deposits de-posits in southern Utah to maintain main-tain the steel industry for more than 50 years. Suggs Jolly, general manager of Swift and Company, criticised government controls on the grounds that supply and demand, de-mand, together with free competition, compe-tition, will result in a fair price to the consumer, far better than can arbitrary controls. C. E. Finney, president of the Salt Lake Refining company, speaking on the subject of "Who Profits From Profits", contended that the free enterprise system of America based on the princi ple of a fair profit on investment, results in a "profit" for every-one every-one liom the stockholders in industry in-dustry to the workmen and "man on the street" who benefits from our system to the extent that they enjoy the fruits of the system sys-tem in the way of a high standard stand-ard of living, and evidenced by the fact that American people enjoy so many modem conveniences conven-iences contributing to happiness and security. Guests at the conference were welcomed by Dr. Daryl Chase, director of the Branch Agricultural Agricultur-al college, and G. D. MacDonald, chairman of the Chamber of Commerce industries committee, presided. |