MANY PEOPLE NOT BUYING MEAT IN AMERICA

Greymouth Evening Star, 27 September 1947, Page 8

MANY PEOPLE NOT BUYING MEAT IN AMERICA

. NEW -. YORK, • September- 25-, Senator; Ralph Republican, Vermcint,)cTiairmaii-o f ilia .-Con-, gressidn al, sub - commit tee. which.. is investigating, the high cost of living, said Ihat ; one-third of. New York City’s population •of. .7.,500,000. .was. buying no meat, because the people could not afford to pay the present prices., . .• , . ... ■ V; - Senator Rlander's said '/testimony before the sub-committee indicated that food .was the most .serious item in (.he cost of living'. ~. The subcommittee would, recommend an extensive inquiry into the Middle West meat situation. The Episcopalian Bishop of.. New York (Dr Charles Gilbert) told the sub-committee that one-third of the infant population.was suffering from conditions ranging.. from mild. defir ciencies to near starvation. The only solution, he said, was the revival of price, control and curbs on excess profits. . v, „■ Warning that a “severe economic storm appears to be threatening,” Mr M. S.. Eccles, chairman of the Federal Reserve Board, said in an address today that “«uite vigorous” inflationary forces were at work in the United States. Mr Eccles coupled .this statement with a suggestion that the United Slates cmfld spend less, on its military forces if more were spent on maintaining the conditions on which democracy and peace depended. He declared that the United States was faced with the choice of spending on preparations for the next war. or spending to get the democracies back on their feet. “We cannot con-, tinue to spend as much as' we have on both,” he added. “Wo cannot be lavish in aid to other countries without suffering the consequences of inflation, heavier taxation and the rcirnpos.i lion of wartime contra Is.