Show U DR W BARUCH PREDICTS INFLATION washington elder statesman an bernie behnle baruch revealed some interesting figures on inflation recently in an off od the record session with 14 younger congressmen at his ShorB hm hotel apartment baru barucho Ba achs prediction was that the nation was hell bell bent tor for inflation and soon piecemeal increases in wages profits and the cost of living have been uneven uneven baruch said with wages lagging behind tor for that reason so n he no longer favored his prewar ar idea of a freeze on both prices and wages our only hope said the elder statesman Is wet that we can weather the next six to nine months without running into serious inflation II if we do that our chances of a strong recovery from akom the war boom are good the huge pent up demand tor for products which we will ill see during the next nine months is a very serious threat said baruch stressing the importance important of holding prices down he amazed his listeners by saying that be Is completely opposed to tax reduction reductio rt of any nature at this time not only does the government lose needed revenue but it is an unhealthy thing tor for our general economy economy argued baruch rep andy Bl emilier of milwaukee asked what baruch thought of the statement by general motors president C E wilson that if wages are raised 30 per cent prices must go up 30 per cent baruch talked at some length on the general question of ris ling ing prices but gave no direct answer finally Bl biemuller emiller repeated his question im afraid I 1 cant agree with mr wilson baruch said WAGE NOT PRICE INCREASE it true that industry can give a 30 per cent wage increase without having to raise prices more than about aj 7 per cent Bier persisted you are approximately right baruch agreed 1 I believe the figure you may have heard Is actually per cent baruch also toll told his guests that be felt we were making a mistake in speeding manpower demobilization with the world in Us its present situation he said it seems beems to me it would be wiser to proceed slowly with de mobilization in order that we not weaken ourselves at a time when power is apparently still an important thing he agreed also with an idea proposed by one of his guests estes ke fauver ot of chattanooga to have cabinet members and other high officials appear on the floor of cori congress where they can be questioned by congressmen such i a practice would make tor for much greater cooperation between the executive and legislative departments baruch said present in addition to Bl Bieni emiller lUer and kefauver were representatives albert gore and percy priest of tennessee john sparkman of alabama mike mansfield of montana henry jackson of washington jerry voorhis and chet holifield of california bob sikes of florida mike of oklahoma bob ram barn speck of bf georgia and ana jamie whitten and arthur winstead of mississippi CHURCHILL IN DEFEAT winston churchill recently t told 0 id friends how he felt after r h his is defeat in the british elections the first few days after his bis defeat were terrible churchill confessed the very next mon morning ani he be arose and fretted because there were no diplomatic cabled to t read through the war his first morning chore was to read the top mecdet military and diplomatic cables from all over the empire and he be paced up and down intermittently for days fretting because there livere I 1 were no cables coming in and because though he felt things were going wrong there was no one to w whom hom he could send cables to straighten things out 1 I 1 finally I 1 went down to the south of france churchill confessed I 1 they treated me well there I 1 painted several pictures and they fed me some wonderful food but 8 still till I 1 got get over this idea of if no ca cables bles coming in and no cables going out each morning I 1 fir fretted e eted when I 1 read the papers out but finally one morning I 1 felt better it suddenly dawned on me that I 1 prime minister any more and tt it my worry and fye felt better ever since note nanc Chur chills health la is touch and go g ills doctor has ordered him blin to io cut cirt down on bis big food and drinking SENATE ELDER STATESMEN here are the ages ot of the elder statesmen of the senate bankhead of alabama 73 george of georgia 67 thomas of idaho 7 71 willis willia ot of indiana 70 capper of kansas 80 reed of kansas 74 barkley efken tucky lucky 68 white of maine 68 walsh of massachusetts 73 bilbo of mississippi sis Is CB 68 murray of montana 09 69 mccarran of nevada 69 31 bailey of north carolina 72 moore of okla loma 74 green gree n of rhode rhoda island 78 austin ot of ve vermont amont 60 and me kellar cellar of tennessee 71 70 |