Show an ar 11 v V UN 0 D W BARUCH PREDICTS INFLATION washington elder statesman bernie baruch revealed some interesting figures on inflation recently in an off the record session with 14 younger congressmen at his shoreham Shore ham hotel apartment barucho Ba prediction was that the nation was hell bent for inflation and so soon piecemeal increases in wages profits and the cost of living have been uneven baruch said with wages lagging behind for that reason he no longer favored his prewar idea of a freeze on both prices and wages our only hope said the elder statesman is that we can weather the next six to nine months without running into serious inflation if we do that our chances of a strong recovery from the war boom are good the huge pent up demand demaria for products which we will see during the he next nine months is a very serious threat said ca ruch stressing the importance of holding prices down he amazed his listeners by saying that he is completely opposed to tax reduction of any nature at this time not only does the government lose needed revenue but it is an unhealthy thing for our general economy argued baruch rep andy biemiller of milwaukee asked what baruch thought of the statement by general motors president C E wilson that if wages are raised 30 31 per cent prices must go 90 up 30 per cent baruch talked at some length on the general question of rising prices but gave no direct answer finally biemiller 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 7 per cent biemiller persisted you are approximately right baruch agreed 1 I believe the figure you may have heard is actually 8 per cent baruch also told his guests that he felt elt we were making a mistake in speeding manpower demobilization with the world in its present situation he said it seems to me it would be wiser to proceed slowly with demobilization in order that we not weaken ourselves at a time when power is apparently SWI still an important thing he agreed also with an idea proposed by one of his guests estes kefauver of chattanooga to have cabinet members and other high officials appear on the floor of congress where they can be questioned by congressmen such a practice would make for much greater cooperation between the executive and legislative departments baruch said present in addition to Bl biemiller emiller 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 HoI holifield ifield of california bob sikes of florida mike of oklahoma bob of georgia and jamie whitten and arthur winstead of mississippi CHURCHILL IN DEFEAT winston churchill recently told friends how he felt after his defeat in the british elections the first few days after his defeat were terrible churchill confessed the very next morning he arose and fretted r because there were no dai diplomatic pl c cables a to read through the war his first morning chore was to read the top secret military and diplomatic cables from all over the empire and he paced up and down intermittently for days fretting because there were no cables coming in and because though he felt things were going wrong there was no one to whom he could send cables to straighten things out finally I 1 went down to the sout south h of france churchill confessed they treated me well there I 1 painted several pictures and they fed ced me some wonderful food but still I 1 get over this idea of no cables coming in and no cables going out each morning I 1 fretted when I 1 read the papers but finally one morning I 1 felt better it suddenly dawned on me that I 1 prime minister any more and it my worry and ive felt better ever since 11 note Chur Char chills health ha Is touch and go III his doctor or has ordered him to cut down 0 on n his food and drinking |