Show W Wartime Profits Profi ts Admiral Hyman G G. G I Iwho who barely kicked I out of the Navy some years back I Ifor for s speaking aking out on controversial controversial controversial contro contro- topics charged recently that many corporations doing I defense con contract t r act work are I making excessive profits IS bringing up an anold i old and controversial subject I in protesting excessive wartime wartime wartime war war- time profits For centuries j i philosophers and editors have been critical of the armaments I industry's excessive profits in national emergencies PresIdent President President Pres Pres- ident Eisenhower in his farewell farewell farewell fare fare- well speech to the nation as outgoing chief executive said I the one number danger facing ft n n n n n n the nation was the growth in power and influence of defense I industries and their spokesmen spokes spokes- men in Washington on The Vietnam war of course has enormously Increased de defense defense defense de- de spending and arms profits profits profits pro pro- fits and is largely responsible j for the rise in profits being noted by The taxpayer taxpayer taxpayer tax tax- taxI I payer is co over excessive ex excessive excessive ex- ex ex- ex I profiteering in n na national national na- na a- a defense of course but there is also something morally disturbing about some members members members mem mem- bers of society getting rich on war while others are called upon to give their lives fighting fighting fighting fight- fight I I ing I it It IN A FREE enterprise society society society so- so soI I one is opposed to government government government gov gov- regulation of industry I j yet some limit on profits would seem reasonable in times of war and national emergency Industry could contribute much to the economy and to the de defense defense defense de- de of the nation by accepting accepting accepting accept accept- ing limited profits In wartime I jI j |