Show disaster Is seen unless nation backs up N RA R A unless the country rouses itself to a point where principles become effective in overcoming the depression an Inflation inflationary movement w will III be the result this was the warning of henry 11 II II elmann of new york executive manager of the national association of credit men alen who spoke tuesday before a joint luncheon of the international association of credit men alen and the chamber ot of commerce at the chamber cli amber of commerce in salt lake mr air helmann heimann who is also a member of several committees ot of the including the national industrial recovery act board said that an all inflationary movement would be most disastrous to the average individual those who advocate inflation mr helmann heimann said do not i ealine what is in store for the country if eucla sm u a program pro giani over ever materializes life insurance policy values will he be swept away and those who have saved for a lifetime will find their savings gone and the community will be forced to take another additional burden bunion in earing caring tor for the sufferers inflation Inri lation would amount to virtual confiscation ot of property pio perty the success ot of the mr helmann said would submerge the inflation cry and minimize the dangers of the adoption of any such a plan advantages listed in pleading for the mi al heimann said that already it hata haa nerved tour four distinctive purposes as follows awakening of social responsibility acquainting busi ness with wrong busan business ss practices and the elimination elimina llon 0 of these the fh abolishment of child labor and the insuring ot of the ideal that in the future the rewards of management will be based on real peal worth lather than on the capacity of 0 a corporation to pay ghigli salaries to those in executive positions sit ions the mr fr heimann salil said squares with all the fundamental principles of sound economics it eliminates c unfair competition makes for fair prices and license business to inaura soundness none of these ideas is t to sound economics in eiry envying ing out the plan ito tor r the increased Iner increased eased payrolls mr all ile hei mann said that the industries w aich haie hae large financial reserve should carry tile the bunt ly of the burden and that if they make this sacrifice all industry can eventually add to purchasing power buying properly mr air heimann said was also essential for ra 1111 caery ile he said we should buy normally not and not abnormally abnormal buying I 1 will give future trouble and our present grief is due to subnormal I 1 buying |