PROFITS FROM WAR

Poverty Bay Herald, Volume LXI, Issue 18579, 13 December 1934, Page 13

PROFITS FROM WAR

ACTION BY AMERICA *N)C\V MO YE legislation planned (Eloc. Tel. Copyright—Dnitod Press Assn.) (Received Dec. 13, 3 p.m.) ’■' WASHINGTON, Dec. 12. Prefacing an announcement that be is calling it Cabinet conference In frame jaws to end war forrifits'; Air. Roosevelt, informed White . House correspondents .to-clay: “The time has come when legislation should be enacted to take the profits out of war. The hoys in fho trenches got a dollar a day, and Dm hoys ah "the munitions .factories got eight to lb 1 dollars a'day. “The nation has become .conscious of the war‘"profits problem as a result ol the Jiearirigs conducted by the N'ye committee. The qriesHoh of preparedness is not under consideration, 'but the problem of pccnuim-iit .riatiomd ■ legislation. No danger of international strife prompted the calling of the session.” Blfides various members of the; Ca-Mimt, the conference, which went into immediate session to-day included. Mr. Baruch and General Johnson.

The president indicated that t he problem would be considered from the point ol Wow of tlifr production of war materials, large salaries, munitions executives’ personal profits, etc. The conference: would illso take up the broad problems bf the manner in which the United Stated would, prosecute a war. In the event, of such, Congress will be asked in a special messagei‘Shortly to be framed lor definite laws. The announcement was greeted with displeasure‘ by certain members of the Senate Munitions Investigation Committee, principally Mr. Nye, the chairman,' who declared! 'that the step was aft effort to “check and halt the work of oftr committee,” and expressed the opinion fh'ai The Tresidentiarmoye was premature. \ ll *' ." '' ' “dur hearings .that departments.of our.Goyefhinent really 1 codeferidahts .'with '’the" munitions makers and (profiteers.’ liistead' 6f letting those 1 departments now write their own remedial UrigMjatfoii,' let" ids first have full ..knowledge! of the* paft fhriso sirine r db-| partmeiits have :tolai/ed in treating the need‘frit- a f ’r«ne4y,” he 'said. ”