Show INDUSTRY AND BUSINESS AFTER THE WAR every american knows that the manufacture of automobiles has ceased for the duration of the war the great automobile industry which in 1940 brodu produced ced and sold bold more than 3 million cars has been r re e tooled to produce airplanes guns tanks and munitions of war where will these companies get the money necessary to resume the manufacture of automobiles when the war is ended the automobile industry happens to be important and there are thousands tho of smaller industries which will also face ace the same problem what will the millions of workers do when the demand for war machines stops what will happen to the domestic market for farm products when those millions of war workers no longer have jobs the stage seems set tor for an even worse depression after world war 11 II than we suffered after world war I 1 unless right now we start to plan about these surpluses it is comforting to learn that congress is now considering some plan to prevent or at least to ease any after the war depression war profits for peacetime peace time recovery Ke covery nhe ithe best plan seems to con bontem terri plate the dedication of a portion of war profits for the purpose of providing I 1 industry with the ready cash on hand to quickly change to peacetime activity and thus lesson lessen the shock to manufacturing and agricultural surpluses when the war is ended A recovery Ke covery bond program has been suggested whereby each industry big and little will be required to invest at least 20 per cent of its til war profits in recovery bonds which do not bear interest until the he war bended wended Is ended and which cannot be sold by the purchaser until peace is declared such a plan would build al ai the rate of almost a billion dollar q a year a huge recovery reserve to convert war industries to peace production duct lon launch new products and maintain employment it would place this reserve immediately arid and automatically in the hands of those businesses and industries with the greatest after the war needs the moment peace is declared th ahn time look lock automatically releases this recovery reserve the bonds become negotiable and begin to draw interest purchasers holding them will then treat them like any other Cov government emment bonds to be sold or used to borrow money there would bo be no waiting tor for a postwar post war congressional gress lonal appropriation no red tape and no delay in launching the business and industry offensive onen sive that mayburn may turn threatened depression into L till prosperity the tha plan la Is simple practical and fair during lato late yeats years science and research have discovered many new uses tor for present major farm crops and many now new crops which can be used in industry A plan of this character places immediately in the hands of industry the resources which can be used to finance further research and to plan for the conversion of surplus crops surplus factor buildings and the eniti employment I 1 Y of war workers la in new a and na useful enterprises whenever this his war shall cense cease and normal peacetime industry business and agriculture shall be resumed this problem deserves the thoughtful consideration of every american if we can have the assurance of reasonable security in the after the war recovery period we can throw ourselves into an all out effort to win the war and feel that by so doing we have secured the ble blessings stIngs of liberty to ourselves and our posterity |