Show Industrial Reconversion Getting in Fast Strides The war contractor who loses his lob of working for the government is in a much better financial position posi-tion for his immediate reconversion Deeds than the worker deprived of tmployment by wholesale contract rancellations. It was early realized by some leaders that provision must oe made to enable manufacturers with their working capital tied up in war contracts to obtain use of such capital at the earliest possible moment. Consequently the Office of Contract Settlement has been working work-ing long hours to speed up these settlements. Reconversion Director Snyder reports re-ports that about SO. 000. contractors and their employees have been trained in special courses and know about settlement procedure. Provision Pro-vision has been made also for the contractors to obtain government guaranteed loan: to free funds frozen fro-zen by contract cancellations. In addition the treasury department has moved forward the time for obtaining ob-taining tax rebates by big business which will add to the 30 billions of stored up funds now in the hands of the large corporations for peacetime peace-time expansion and production. But no farsightedness has been apparent in planning for the reconversion recon-version of the millions of wartime workers held to their posts by manpower man-power controls ... at least no legislation legis-lation has shown up on the statute books. |