WAR-TIME PRICES

Poverty Bay Herald, Volume LXI, Issue 18580, 14 December 1934, Page 5

WAR-TIME PRICES

GOVERNMENT CONTROL NEW AMERICAN SCHEME WASHINGTON, Dec. 12. A plan based primarily upon, the sharp Government control of war-time prices appeared likely to-day to result from the sudden move by Mr. Roosevelt to take the profits out of war. Mr. Barnard M. Baruch, financier and chairman of the old War Indus-, tries Board, was named by the President as chairman of the group, which will map out war profits legislation for enactment this winter., A group of members, including General -Hugh Johnson, former N.R.A. Administrator, were called together at White House to the unconcealed irritation of the Senate Committee headed by Mr. Gerald Nve, which has been investigating the activities of the munitions industry. Apparently it was regarded by some members as a move to head off their investigation. The programme to be recommended by the President’s new agency will be based upon a report submitted in 1932 by the War Policies Commission made up of Cabinet members, senators and representatives, instructed to consider the very problem which Mr. Roosevelt proposed at his conference to-day. “It is amazing,” Senator Nye commented, “that efforts apparently should now be made to check and halt the work of the Senate Committee which is under instructions from the Senate, first to ascertain the facts and then to report recommendations for legislation.”