OCR Text |
Show 1 MAKE THE CHANGE GRADUAL. There suld not be a sudden turning turn-ing from the industries of war, if tho country is to avoid a too abrupt transformation. trans-formation. This is the opinion of the National Association of Credit Men. J. H. Tregoe, secretary of the organization, organiza-tion, says It Is recognized that there are elements of danger confronting credits, -hilt that there is nothing in the situation which may not be controlled con-trolled by wise and judicious conduct upon the part of -business men, and that we may be enabled to go through the readjustment period without unnecessary un-necessary strain and in such a manner man-ner as to be able to take full advantage advan-tage of the vast opportunities for domestic do-mestic and international trade which are before us. J "It is primarily essential that tho 1 government shall not at this time ab- 1 ruptly terminate government contracts J upon which the larger percentage of I our industrial resources has been con centrated and which would merely serve to disrupt the co-ordination between be-tween capital and labor so splendidly co-ordinated for the prosecution of tho war. It Is essential that the transition from a war to a peace basis, insofar as government contracts aro concerned, con-cerned, bo accomplished in orderly and methodical fashion and without unduo haste, ' . , The credit men also urgo that price commodities bo not suddenly lowered. There is wisdom in these demands. Too quick a transition to a peaco basis, with all war industries disorganized, disor-ganized, would bring distress. This country should take at least a year to begin to get away from war conditions in business and trade generally. ,nn |