Page 4 of 7 Aug 1947 Issue of Cincinnati The Sun in Cincinnati, Ohio

Cincinnati The Sun August 7, 1947 Page 4 old newspaper archives

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The Sun (Newspaper) - August 7, 1947, Cincinnati, OhioPm. 4the Sun Itice Sun congressman drip the a of Liberal weekly pub issued by greater 4 Industrial i Nion Gonril Del by Yomen of Mereo As second cast Matte june 30. 1944 at int Post office a Cincinnati a or o under be act of March 3 1875 editor office Telephone. Roizin h. Everett. 15 East eight st., Cincinnati 2, Ohio main 4813 executive Board William Black Ray Tucker Elmer Kail Man. De Heikamp John Dehner. Arthur Hartmann. Walter Grainger. George Ingsby. Willis Wilder. Isaac Bradshaw Milired Porter Max Sien Hugo Klug. James Wigbell Clarence Rau Ray Sowder Davis. Nathaniel Jordan. Earl subscription. $2.00 per year 5 it of i enquirer is i Cravy the Cincinnati enquirer again is indulging in its disgraceful editorial pus time of deceiving its readers As to who Public map Jay the Uppin p of tee. Ites Jit increased wages. A a. 1 a ,. A for the first Quarter of this year compared to $18 million for the first Quarter last year. U. S. Steel is operating at an annual profit rate of $157 million this year As compared to $88 million last year million 1945. Steel May have to go up another $5 because of Coal wage increases company spokesmen said though reliable estimates Are that 88c is the top amount of added costs. Walter Reuther Law president declared this week that general Ivlo Tois i of its Are amounting to .21 per cent on invested capital. If pm would take 8 per cent instead it could have reduced $1500 cars by $150 to $250, he said. And $53 Quot next session Well pass a Law making wages illegal. New Norb faces growing Boycott of its services the Low lists dates Tafth big is in Force there seems to be considerable confusion As to the effective dates of the key provisions of the Taft Hartley act. The following in m general Way indicates what part of the Law takes effect and v Hen. The provisions of the Law m reference to Check off and employee Trust funds went into effect on june 23rd As did Ais a the provisions against striking by government employees and the right to enjoin strikes Imp riling National health or safety for eighty Days. Furthermore unions May tie id. For breach of contract i damages resulting from Irles Arfy coils u j1 ,11� to tonal disputes although such matters Are not As yet unfair labor practices. All of the National labor relation act amendments including new unfair labor practices will not be effective until August 23, 1947, also the necessity of 60 Day notice before contract termination modification. Or Washington up a faced with a growing Boycott of its services by organized labor a new attack on the constitutionality of the Taft Hartley labor labor act and a top heavy backlog of Why does t the enquirer Tell the other Side of the Case 5,000 cases the expanded Norb swung into its task this week. Instead of blaming unions simply for trying to get their members enough Money to feed clothe and House their families that would be easy to answer if the profits of the enquirer also were revealed. The enquirer is Riding in the same Gravy boat with big steel. Americans spent $55 billion on food and tobacco in 1946, compared to Only $20 billion in 1936, according to a department of Commerce Survey. In 1932 the total was air nose $13 billion. Total expenditures for medical care and death expenses i the . More than doubled in the 10 years from 1936 to 1946, rising from $3 billion to almost $6 i billion it is reported in new eral figures. Fed the Harvest of american interests abroad set an All time record in 1946 with profits on foreign investments by Ameri cans totalling $520 million. # the militia was called out for the first time to break a strike at a Paterson n. J. Factory in 1828. Barred from Senate Confirma j Tion of their appointments by the last minute Rush to recess the a three new appointees were Given interim posts by pres. Truman. They Are Abe Murdock former 1 democratic senator from Utah and j. Copeland Gray of Buffalo j As members of the Board and Robert n. Denham As general counsel. Member James j. Reynolds or. J w to has represented the extreme right Wing of Board thinking introduced Denham by saying a no \ individual has had such respond both Murdock and Gray pledged themselves to carry out the mandate of Congress in administering the Taft Hartley act. While practically All the More powerful unions in both the Al and Cio embarked upon a policy of boycotting the new Norb. Gerard d. Reilly a former Board member himself and one of the chief authors of the new Law said he doubted the ability of unions to evade the statute. Reilly said a the Only Safe Way for works roes or safety toe shoes Fanger amp Rampe lib a Pearl b Broadway Quality footwear for All the family in which a Union. Can escape Sivility in the realm of adminis j liability under the act is to with Tractive Lawr. Made a Wise the president has prices Rise twice As fast As incomes bust threatens draw completely from the Field of organizing or representing i workers employed by companies whose business affects interstate i dentistry co a is Brill. Is clean Vos fillin is plat e s extractions be your do nut twice a year Cas Mono Caine. Cold Silver porcelain credit extended to responsible people or. S. Pollack or. Schantz and Stephen 612 Vine st. Opp. Enquirer bldg. Cd 693w zone 2 cd 686c five ladies in attendance by the economist Federated free pres. Truman in his midyear report on the economic state of the nation asserted that a americans today live in a Richer and More productive Economy and Are enjoying its benefits More equitably than Ever before in peacetime the presidents ode to Prosperity sounds startlingly like what was being said 20 years ago. At that time Herbert Hoover told the people a the . Has produced and consumed More goods. ,. In proportion to population than Ever before in its history. Our Standard of living has therefore been the highest in our but the a unprecedented Prosperity eulogized by Hoover was followed in a few years by the greatest economic disaster in our history. Bust followed Boom because production and profits outstripped the buying Power of wage and salary earners. Today at the Peak of the inflationary Boom the same pattern is being repeated. Prices and profits Are skyrocketing while we Ages lag behind. Truman in his report admitted that a temporary props Are sustaining the Boom and that these props cannot be counted on to hold up much longer. Temporary props wobbling prop no. 1�?the stocking up of goods by business and Industry accounted for More than $10 billion Worth of production in the past year. That prop was collapsing even As the presidents report was being issued. Business purchases for stocking up purposes inventory accumulation came to an abrupt end in May and june. Prop no. 2�?is the record breaking Export of american goods abroad. The . Is Selling to foreign countries at the rate of $21 billion amp year. About 10% of its total output. But it is importing less than $8 billion a a year. With their available Supply of dollars dwindling rapidly foreign countries within a few months must Cut Down sharply on their purchases unless they receive new Large scale credits and Loans. Prop no. 3�?is business spending for new construction and equipment. The Dollar value of a this prop at the present time is at a yearly rate of $30 billion. This spending cannot be continued since Industry has All but completed its reconversion program. In addition Ever rising build j ing costs and increased prices for machinery and j equipment will tend first to Brake and then re i Duce the rate of these business expenditures. Worse than 29 a when these three props weaken or collapse the basis of the Boom will be undermined. The inadequate purchasing Power of wage and salary earners cannot maintain the Boom since prices have been rising twice As fast As past 12 months. Now the Price Rise is being accelerated by a new round of increases paced by steel and other Basic industries. And while prices keep on rising production has been easing off. The volume of Industrial production As measured by the Federal Reserve Board was 190 in March. It had declined to 184 in june. Against this background business Ballyhoo about Prosperity simply conceals the dangers that Are multiplying. What is looming up and nothing is being done to prevent the Economy from going into a tailspin has been described As follows by columnist Mark Sullivan a leading big business apologist a the outcome of the present dangers if they Are not arrested would not be a repetition of the 1929 collapse. It would be different in kind and much worse amp catastrophic Ini la two More Norb officials quit Washington a up a Field director Oscar s. Smith and associate director John p. Chapman have resigned from the Norb because of the Taft Hartley slave labor act. Smiths resignation said that j since the new Law the boards Case input is almost to the vanishing Point a while Chapman said the changes resulting from the new Law have a in effect eliminated the Field Martin Wagner Norb director in Cincinnati resigned last week because he Felt he could not conscientiously administer the Taft Hartley Bill. Between june 1946 and May incomes in the j the Price per unit produced Rose 25% while the labor Cost per unit produced Rose Only 8%. America s most Beautiful deluxe All Metal venetian blinds Union made work clothes Complete line a a11 sizes a Low prices also work uniform a of a Type Alberts u5 e. Fifth st. A on govern meat Square Opp. Post office prompt service on Quality photo finishing Fine Crain developing a specially enlarging a copying a As it should be done a Queen City photo supplies inc. 38 e. Sixth st. Cherry 3744 Sears 133 w. Main so Benton Harom a a ii a i unit

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