THE MICHIGAN AiLY
SATUR)DAY, JULY 19,1947
I
Fifty-Seventh Year
ON WORLD AFFAIRS:
Timely Assurance
BILL MAULDIN
Edited and managed by students of the Uni-
versity of Michigan under the authority of the
Board in Control of Student Publications.
Editorial Staff
Managing Editors ... John Campbell, Clyde Recht
Associate Editor .............Euice Mintz
Spcrts Editor................... Archie Parsons
Business Staff
,eneral Manager.................Edwin Schneider
Advertising Manager ..,.......William Rohrbach
Circulation Manager ................ Melvin Tickr
... r
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Editorials published in The Michigan Daily
yre written by members of The Daily staff
pnd represent the views of the writers only.
NIGHT EDITORS: MINTZ & STERN
Marshall Plan
sHE CHICAGO TRIBUNE has been com-
menting freely of late on the purposes
and possibilities of the Marshall plan. These
comments by one of the nation's most pow-
erful newspapers are worthy of our studied
consideration.
On Sunday, July 13, the Tribune editor-
ialized:
"The Marshall plan can be described
as a device by which hard-working peo-
ple of America will be required to sup-
port the loafers of Europe. When Euro-
peans work longer hours for lower wages,
when they balance their national bud-
gets and do a few other things of the
sort, Europe will be on the way up and
out."
Certainly a strong view. The whole plan
is here reduced to simplicity itself. The
American nation, like Atlas of old, will
carry the world on its back. Those who
will benefit from this plan are not displaced
persons or starving, hopeless ones full of
despair, but "loafers."
The Tribune apparently believes that the
present wages of those Europeans who are
working regularly are too high. "Longer
hours for lower wages." That's the Tri-
bune's answer to the economic plight of
Europe. Economic slavery sweatshops, 18-
hour days. Are they the key to European
recovery? Or are they the conditions that
provide the perfect breeding grounds for
communism? Are these the conditions that
will enhance the capitalistic system in the
eyes of these people?
On Monday, July 14, the Tribune ap-
proached the Marshall plan from another
'angle. Thie Tribune discovered a domestic
danger--a revival of wartime regulations
and government planning.
"If the Republican congress now under-
writes the Marshall plan we shall have a
resumption of planning and depression.
The Marshall plan emerges as a scheme
for promoting economic planning at home
as well as abroad."
On Tuesday the Tribune saw the Mar-
shall plan as a means of choosing sides for
a future war. After analyzing the fighting
potential of the 16 nations participating
in the Paris Economic Conference, the Tri-
bune reaches this conclusion:
"If any big game is scheduled for the
near future, the U.S. will have to carry
the ball for its team and the Russians
will have to pass, punt and run for the
East. Nobody else on either side is worth
subsidizing with an athletic scholarship.
Certainly 20 billion dollars is an excessive
price."
The plan, however, seems to enjoy the
confidence of a majority of the nation. The
Chicago Tribune has been wrong before.
-Quentin Nesbitt
THERE MUST BE an empty feeling in
the hearts of those members of Congress
who hoped to humble John L. Lewis with
the Taft-Hartley Act. Mr. Lewis is not
only not humbled but he has emerged as a
more powerful labor leader than ever. As
the man who won an increase of 44% cents
an hour for his union, in contrast to much
more modest increases accepted by others,
he will be a figure to reckon with in the
A.F. of L. leaderslip, and the effect of his
coup is sure to be felt deeply within the
CLO.
The Taft-Hartley Act evidently had little
effect upon the new coal contract except
a negative one. It did not eliminate the
miners' welfare fund nor an increase in the
By EDGAR ANSL MOWRER
AMERICAN ASSURANCE that the bene-
fits of the Marshall plan will go to any
European State that accepts the rules is
most timely.
Once western Europe has been saved from
bankruptcy, our next task should be the
peaceful liberation of eastern Europe.
Stalin will move heaven and eath to pre-
vent this, but unless his methods change,
these once-free countries will take the first
real opportunity to escape his bear hug.
The Western democracies must never
tire of as'uring the Eastern peoples that
they will be welcomed back whenever
they themselves find it feasible to return.
To achieve this as quickly as possible,
the leaders in Washington, London and Par-
is must know just what are Moscow's holds
over these countries.
In Hungary, Bulgaria and probably Po-
land, it is about eighty percent naked ty-
ranny--Mr. Constantine Paulos of the Over-
seas News Agency notwit tanding, I have
yet to meet one seasoned observer who be-
lieves that the present pro-Soviet regimes
could win a really unbiased election in any
one of these countries.
Finland is physically cowed. Albania is
more or less willing.
But Czechoslovakia presents an entire-
y different picture. The Czechs volun-
tarily placed themselves under Soviet
protetion. Yet they are the most occi-
I'D RATHER BE RIGHT:
Sick Idea
By SAMUEL GRAFTON
THE SICKEST IDEA of the twentieth
century, the notion that a strong Ger-
many can make us safe against a Commu-
nist Russia, seems to be cropping up again.
The fact that this decrepit theory has
been fully tried, under the supervision of
a vigorous executive named Hitler, and has
failed, and has dragged almost all of Eur-
ope down with it in failure, seems no deter-
rent. Once again one hears the schern:
propounded, by people whose eyes bug out
with excitement, as if they had just thought
of something marvelously new.
The idea seems to exert an almost fatal
fascination. The wallbworshipers, the
Maginot-minded, the buffer-state boys,
are at it again. Some of them, who have
been isolationist in the past, and who,
usually detest the very idea of foreign
relief, are entranced by the hope that
the Marshall Plan can be distorted into
a scheme for giving rebirth to German in-
dustly, and as a result they are smother-
ing the Marshall Plan with repulsive
kisses.
In their infatuation with this discredited
approach, they do not seem to realize that
they are giving Russia as good ammunitioni
as we ever gave her under lend-lease. There
could be no swifter way of turning every
German-hater on the Continent into a So-
viet sympathizer.
Russia's withdrawal from the Marshall
Plan was a diplomatic stumble; it hurt
her. Only a scheme for reviving a strong
Germany could make it appear that Russia
was perhaps right. And so American con-
servatism turns precisely toward this
scheme; blithely it offers its back; merrily
it asks for the cosmic kick, and it does it
all in the fond belief that it is fighting
radicalism.
The Politburo couldn't have asked for
better assistance than it is getting from
American conservatism in this quarrel.
One American rightwinger, bawling for
a strong Germany, is worth ten thousand
Communists to the Soviet Union.
The Marshall Plan is a great conception,
and it will succeed if it matures as an ex-
pression of America's confidence in itself,
its productivity and the validity of its social
ideals. It will fail if it becomes a scheme
for huddling behind a reborn German indus-
try.
For it is the defensive-mindedness of that
conception which will kill it, that sickly,
cowering approach, which was so elaborate-
ly tested out in the period between the
wars, and which proved that it couldn't be
depended on to save a flea's way of life.
We have been here before. This is where
we came in, in fact; and it is no answer
to Russia; it is just a frightened squeak.
What we need is a revived England, a
revived France, a revived Italy. We shall
not "save Western culture" by having these
nations remain thin and scrawny, and de-
pending for their safety on a rebuilt Ger-
many, grown fat again on a new course of
blackmail of the West. To save the West,
we must save the West. It is that simple
and that hard.
It is shocking to see our conservatives
being led back, as in a hypnotic trance, to
an idea which has been proved bankrupt.
Is it really necessary that men who have but
one idea to their names, and a wrong one,
be allowed to try it twice in a single life-
time?
(Copyright 1947, New York Post Corporation)
THE GUNS THAT were supposed to fall
silent in Europe on May 8, 1945; but
never did completely, are barking again in
rising cresendo in that continent's most
dangerous trouble-spot-the Balkans. Once
more we read of invasions and attacks, of
open warfare and pitched battles, of slaugh-
ter, death and annihilation.
dental people in the Soviet "protectorate."
They are western in their industrial capa-
city, in their fundamental ways, in their
love of personal freedom. In the late
Thomas G. Masaryk the Czechoslovaks
produced a democrat of the type and
stature of Jefferson and Lincoln. How
could such a people, "conceived in lib-
erty," voluntarily accept the kind of serv-
itude to Russia apparent in their refusal
to participate in the Marshall plan?
Is it because of inadequate encouragement
from the United States?
Obviously not. UNRRA alone-most of
whose supplies came from the Americans-
has helped Czechoslovakia to the tune of1
$255,660,000--a colossal sum for so small a
country.
In addition, since the end of the war,
Czechoslovakia has had from us directly a
twenty million dollar credit, a two million
dollar tobacco credit and ten millions out
of a surplus property credit.
But for the emergence of an anti-Amer-
ican attitude in Czechoslavakia, that coun-
try would now be in receipt of some ninety
billion dollars more.
There can be no talk of ungenerous treat-
ment.
Is it then because the Czechoslovaks want
communism?
What a joke. In January, 1946, in
London, I found members of the Czech-
oslovak cabinet profoundly concerned
lest the Communist party receive too few
votes at their coming election (too few,
that is, to placate the Soviet Union.) If
the Communists surprised everyone by
polling thirty-eight percent of the votes,
it was largely because the non-Commu-
nist government supported them too well.
Since that election, Commuist sym-
pathy has dropped.
Yet this fall in pro-Communist feeling
did not prevent Jan Masaryk, son of the
great Thomas, from supinely cancelling his
acceptance of the Marshall plan on Mos-
cow's orders.
No, the voluntary subjection of Czecho-
slovakia to Soviet Russia has one primary
cause-fear of Germany.
This fear was first based some four hun-
dred years of unpleasant subjection to Ger-
man Austrians. It was deep but not hys-
terical.
What raised it to Trauma was the
Franco-British betrayal of Czechoclovakia
at Munich in 1938. That moment con-
vinced leading Czechs like Benes and
Fierlinger that Czechoslovakia can be de-
fended against Germany only by the So-
viet Union.
A third, post-world war II element is the
Czechoslovak neurdsis by their mass expul-
sion of the German-speaking Sudetens.
These slimy folk betrayed their country all
right and merited their fate. But by ej-
pelling them Czechoslovaks have male sure
of the deadly enmity of any strong Ger-
many. That expulsion immensely strength-
ened the mental link that binds Czechoslo-
vakia to the Soviet Union.
It is this belief that distinguishes the
Czech attitude from, say, that of Denmark,
a country almost equally powerless against
a new German aggression.
Furthermore, although the Czecho-
slovaks are hardly more exposed to pos-
sible Soviet hostility than Sweden and
Norway. they feel themselves in such
geographical isolation from the West that
nothing will tempt them into challeng-
ing the will of Moscow.
This double diagnosis-a pathological
(not unjustified) fear of Germany and the
geographical (equally justified) confidence
in the Sovit Union-suggests its own cures.
The Czechs can be wooed back to the
occident when a) the German danger has
palpably been removed for all time; and b)
when the Soviet Union has 1) outgrown its
aggressivity, 2) is ready to betray Czechs
and Poles for German support, or 3) has
slumped into impotence.
(Copyright 1947, Press Alliance, Inc.)
U NRRA ENDS ITS LIFE, alas, at a time
when the barest needs of human beings
-food, clothing, medical supplies-are not
being met in those countries where the war's
devastation has been chiefly felt. Major
General Lowell W. Rooks, UNRRA's retir-
ing director general, was right in calling
attention to the necessity of a global ap-
proach to "the global problem of world
recovery." But he also pointed out that
a special United Nations technical commit-
tee had estimated that $583,000,000 was re-
quired "just to meet the minimum subsis-
tence imports for 1947 necessary to prevent
collapse in the European countries hardest
hit by the war."
The purpose of the Marshall plan was
to get Europe off the relief list, to assist
it in providing a base for the secure life of
its people. But hungry people can't live off
plans. Some of them should be brought to
this country, as the Stratton bill proposes.
For the rest, this wealthy nation must be
prepared to hasten the work of the U.N.
agencies already established and to carry
the major share of the additional emergency
relief activities needed to complete UNRRA's
unfinished task.
--The Nation
A9 ' ' 4
/ "w fi °
/ s
/ "/4/
sen, Bingham. Langlais, Jongen,
and the first performance of Ber-
ceuse, by Robert Crandell, a form-
er School of Music faculty mem-
ber.
The public is cordially, invited.
a
<_;:<:
' ' :
:=
Student Recital: Carolyn Street
Austin, Mezzo-soprano, will be
heard in a recital at 8:30 Wed-I
nesday evening. July 23, in the
Rackham Assembly Hall, as par-c
tial fulfillment of the require-
ments for the degree of Master
of Music. Mrs. Austin is a pupil
of Arthur Hackett. Her program
will inclule compositions by Schu-
bert, Joaquin Nin. Chausson, and
a group of English songs, and
will be open to the general public,
E , L .
SEF RE LONG I shall have
Photographs of Summer Fung BEoRetLONGmItsa he
of Michigan, Rotunda Museums completey 4 mnth atathe
Builing.Jul andAugst. U.of M. Scarcely a dlay has passed
Building. July and August. during my attendance here that
~-~my attention was not drawn to
The Museum of Art: Exhibi-, the following caption:
tion of Prints-Vanguard Group,
s
WRIT
r
i
j
Ann Arbor Art Association Col-
lection, and from the Permanent
Collection. July 1-28. Alumni
Memorial Hall, daily, except Mon-
day, 10-12 and 2-5; Sundays, 2-5.
The public is cordially invited.
Museum of Archaeology. Cur-
rent Exhibit, "Life in a Roman
Town in Egypt from 30 B.C. to
400 A.D." Tuesday through Fri-
day, 9-12, 2-5; Saturday, 9-12;
Friday evening, 7:30-9:30; Sun-
"One, two, three, four . .."
,
TO THE EDITOR
EDITOR'S NOTE: Because The Daily
prints EVERY letter to the editor
("hich is signed, 300 words or less
in length, and in good taste) we re-
mind our readers that the views ex-
pressed in letters are those of the
writers only. Letters of more than
300 words are shortened, printed or
omitted at the discretion of the edi-
torial director.
,, a
Sin li-ig
To the Editor:
DAILY OFFICIAL BULLETIN
f
1
j
i
s
day 3-5.
EvetI
There will
Casbah. toda
from 9:00 u
Chase's Band
are welcome.
son. Tickets
desk at the
ts Today
be dancing at the
ay and tomorrow
ntil 12:00 with Al
. Stags and couples
Price $.60 per per-
now on sale at the
League.
Publication in The Daily officia'
Bulletin is constructive notice to all
members of tihe tniversity. Notices
efor theBulletin should be sent in
typewritten form to the office of the
Summer Session, Room 1213 Angell
ball, by 3:00 p.m. on the day pre-
ceding publication (11:00 a.m. Sat-
urdays).
SATURDAY, JUDY 19, 1947 ,
VOL. LVII, No. 18S
Notices
The lecture by Captain Walter
S. Diehl, U.S.N., in the Symposium
)n Fluid Mechanics, which was
to have been delivered today, has
beeen canceled.
Those veterans in Law School
who are completing their Summer
Session training at the close of
the 5'2 weeks session, please re-
port to the Veterans Administra-
tion, Room 100A Rackham Build-
ing between Monday, July 21 and
Wednesday, July 23.
Robert ,S Waldrop, Director
Veterans Service Bureau
August 1947 graduates in Me-
chanical or Chemical Engineering;
Graduate students in Physics and
Chemistry: Mr. C. W. McConnell
of The Linde Air Products Com-
pany, Tonawanda, N.Y., will in-
terview men in the above fields,
on Thursday, July 24, in Room
218 West Engineering Building.
Students interested may sign the
interview schedule posted on the
bulletin board at room 221 West
Engineering Bldg., or call Miss
Tag, extension 635.
II i s t o r y Final Examination
Make-up: Saturday, July 19, 9
o'clock, Room B, Haven Hall. Stu-
dents must come with written per-
mission of instructor.
Graduate Students in English:
The Preliminary Examinations
for the Doctorate in English will
be given according to the follow-
ing schedule: American Litera-
ture, July 23; English Literature
1700-1900 July 26; English Liter-
ature 1500-1700, July 30; The Be-
ginnings to 1500, August 2. The
Examinations will be given in
3217 Angell Hall from 9:00 a.m.
to 12:00.
Students, College of Engineer-
ing: The final day for DROPPING
COURSES WITHOUT RECORD
will be Saturday, July 19. A
course may be dropped only with
the permission of the classifier
after conference with the instruc-
tor.
W. J. Emmons, Secretary
Students, College of Engineer-
ing: The final day for REMOVAL
OF INCOMPLETES will be Sat-
urday, July 19. Petitions for ex-
tension of time must be on file
in the Secretary's Office on or
before Saturday, July 19.
W. J. Emmons, Secretary
La Sociedad Hispanica will pre-
sent the fourth program of the
Summer Session on Wednesday,
July 23 at 8 p.m. in the East
Conference Room of the Rack-
ham Building. Professor En-
rique Anderson-Imbert, formerly
with the University of Tucuman,
Argentina, and now with the Ro-
mance Languages Department of
the University of Michigan will
speak on "Introduccion a la Lit-'
eratura Hisponoamericana."
Deadline for Veterans' Book
and supply Requisitions. August
22, 1947 has been set as the dead-
line for the approval of Veterans'
Book and Supply Requisitions for
the Summer Session-1947. Re-
quisitions will be accepted by the
book stores through August 23,
1947.
The Modern Poetry Club, open
to all interested in discussing
modern poetry, will meet Tues-I
day at 8 p.m. in room3217 An-
gell Hall. Negro poets and their
works will be the topic.
The Classical Coffee Hour will1
be held Tuesday, July 22, at 4:00
p.m. in the West Conference Room1
of the Rackham Building. All
students interested in Greek and
Latin Classics are cordially in-
vited to attend.
Michigan Christian Fellowship1
will hold its Sunday afternoonf
meeting at 4:30, Lane Hall.
The Russian Circle will meet at
5:30 p.m., Monday at the Inter-1
national Center. From there it
will go to the Island for a picnic.
Members and their guests are in-
vited. Be sure to sign up.
Lectures
Sir Bernard Pares, formerly Di-1
rector of Slavonic Studies at the
University of London, will speak
on "Rudisa and the Peace," Mon-
day, July 21, 4:10 p.m., Rackham
Amphitheatre. Public invited.
Dr. David N. Rowe, Director of
Eastern Asiatic and Russian Stud-
ies and Associate Professor of In-
ternational Relations, Yale Uni-
versity, will lecture on "American
Policy toward China," Monday,
July 21, at 8:10 p.m., Rackham
Amphitheatre. This is a lecture
in the Summer Lecture Series,
"The United States in World Af-
fairs." The public is invited.
Dr. James M. Landis, Chair-
man of the Civil Aeronautics
Board, will lecture on "American
Interests in the Asiatic Near
East," Thursday, July 24, at 8:10
p.m., Rackham Lecture Hall. This
is a lecture in the Summer Lec-
ture Series, "The United States in
World Affairs." The public is in-
vited.
Concerts
For those interested in classi-
cal music, record concerts are held
every afternoon from 3:00-5:00
p.m. and every evening from 7:00-
9:00 p.m. and 5:00-7:00 on Sun-
day in the concourse of the Mich-
igan League. Requests will be
played and everyone is welcome.
Organ Recital: Robert Baker,
Guest Lecturer in Organ, will be
heard in a program in Hill Audi-
torium at 8:30 Tuesday evening,
July 22. Organist at the First
Presbyterian Church of Brooklyn,
Mr. Baker is in Ann Arbor as a
member of the Summer Session
faculty of the School of Music.
For his recital he has planned a
program of works by Handel, Vi-
valdi, Rinck, Bach, Liszt, Andries-
Coming Events
Michigan Christian Fellowship
is giving a picnic for members
and summer session students on
Saturday. The group will leave
from Lane Hall at 6:30.
The Inter-Racial Association is
sponsoring the motion picture,
"Wutheringr Heights," at Hill Au-
ditorium, Sunday, July 20, at 8
p.m. and Monday, July 21, at 8
p.m.
. Dr. Yuen-li Liang will hold the
second of four conferences on the
United Nations, Tuesday, July 22,
at 3:10 p.m., East Conference
Room, Rackham Building. These
conferences are part of the Sum-
mer Lecture Series, "The United
States in World Affairs."
Dr. Robin A. Humphreys will
hold the second of four confer-
ences on Latin America, Wednes-
day, July 23, at 4:10 p.m., East
Conference Room, R a c k h a m
Building. These conferences are
part of the Summer Lecture Ser-
ies, "The United States in World
Affairs."
Professor Gottfried S. Delatour
will hold the second of four con-
ferences on European affairs,
Thursday, July 24, at 3:10 p.m.,
East Conference Room, Rackham
Building. These conferences are
part of the Summer Lecture Ser-
ies, 'The United States in World
Affairs."
University Community Center
Willow Run Village
Calenidar of Events
Mon., Jul. 21, 8 p.m., Faculty
Wives' Club to discuss plans for
helping to make up deficit of Wil-
low Run Recreation Fund. All
wives of facultly members are in-
vited to attend. Mrs. John Niles,
president, Mrs. Bruce Battey,
Program chairman, Mrs. John
Fulton, chairman of refreshment
committee.
Tue., Jul. 22, 8 p.m., Special
meeting of Garden Club to dis-
cuss plans for Fall flower show.
Thu., Jul. 24, 8 p.m., Art Class,
Beginning Life Drawing, Mrs. Vir-
gil Clark, instructor.
Fri., Jul. 25, 8 p.m., Duplicate
Bridge.
Churches
First Congregational Church
10:45 a.m.-Dr. Parr's subject
will be "The Eloquence of Rust."
2:45 p.m.-Student Fellowship
Group will meet at Guild House
for Annual Summer Reunion and
Picnic at Saline Valley Farms. Dr.
Parr will conduct the outdoor wor-
ship service.
Morning worship at the, First
Presbyterian Church at 10:45 a.m.
Dr. Lemon's sermon will be
"Things That Matter Most."
At 5 o'clock, Dean E. Blythe
Stason will speak on "As the
World looks to a Jurist." Supper
will be served at the Council
Ring at 6 o'clock. Everyone wel-
come,
First Baptist Church
512 East Huron
C. H. Loucks, Minister and Stu-
"No Smoking-Lighted To-
bacco is not to be brought into
or thru this building."
I consider the above a veritable
gem: it combines a classic am-
biguity. It has been my privi-
lege to participate in some deep
and profound discussions regard-
ing possible interpretations there-
of.
What I really would like to say,
however, is shouldn't the under-
line word (or) be NOR?"
-Henry Hoekema
dent Counselor, Roger Williams
Guild House, 502 E. Huron.
Sunday-d1:00-Church School.
Student Class in the Guild House.
11:00-Church Worship. Sermon
"The Prodigal Son." There is a
Kindergarten for small children.
6:00-The Guild meets for Fel-
lowship and Worship in the Guild
House. Mr. Geo. Cole, former Y.
Secretary in Washington will talk
on "Life's Chief Decisions."
As cost supper is served.
Friday-6:00 - The Married
Couples of the Guild will hold a
Potluck Supper in the Guild
House.
University Lutheran Chapel:
Sunday service at 11:00 a.m., with
sermon by the Rev. Alfred Scheips,
"Life's DecisiveChoices."
Gamma Delta, Lutheran Stu-
dent Club: Supper Meeting at 5:15
Sunday at the Student Center.
Friends Meeting for Worship.
Sunday, 10:30' a.m. at Unitarian
Church, 1917 Washtenaw Ave. Pot
luck dinner at 12:00.
First Church of Christ, Scientist.
409 South Division Street
10:30 a.m.: Sunday Lesson Ser-
mon. Subject "Life." 11:45 a.m.:
Sunday School.
8:00 p.m. Wednesday evening
testimonial meetings. This
church maintains a free Reading
Room at 706 Wolverine Build-
ing, Washington at 4th, which is
open daily except Sundays and
holidays from 11:30 a.m. to 5:00
p.m. Her the Bible and
Christian Science literature in-
cluding all the works of Mary
Baker Eddy may ne reaa, oorrow-
ed or purchased.
PRESIDENT Truman's appeal
to the coal and steel industry
not to raise prices automatically
is conmendable of itself. Had he
thrown the prestige of his office
while the coal operators and John
L. Lewis were known to be nego-
tiating, behind a request that any
wage rise be moderate and take
account of the miners' already
good relative wage position, his
current appeal would carry more
weight.
He may have thought it useless,
in the light of past experience. He
may have been restrained by poli-
tical considerations.
Taking all of this into account,
Mr. Truman's appeal still has
some merit left-even though the
coal industry is evidently ignoring
it.
Coal is produced by a great var-
iety of operators, from the highly
mechanized big producers cutting
into rich veins, to the marginal
mine owner with a half dozen
mules. The former might well be
able to follow the President's re-
quest and carry on at present
prices until they are able to meas-
ure the effects of capacity opera-
tion plus the miners' usual spurt
in productivity after a wage rise.
Some of the latter, however, with-
out a price boost, might have to
shut down or cut output.
Basic steel, however, is pro-
duced almost entirely by big op-
erators with efficient equipment.
Steel is an industry which breaks
even when it is producing at
around 60 per cent of capacity-
everything above that is profit-
able. Steel has been producing
right along now at as near full
capacity as plant maintenance
permits. Steel might well consi-
der for the moment waiving its
usual argument that it is a feast-
or-famine industry and, must lay
by today's high profits for tomor-
row's hard times. Stopping ano-
ther inflationary spiralmeans
more than that to everybody in -
obiriinn' r tvcx ctPPl inrinc.+rrrin fh
c1
r
%.
s
;
I
BARNABY.. .
And should he forget_
his lines h'll he on
That's Mrs. Bainbridge. Her cottage
is next i to ours.She'spnet becaue
I bet your idair G d-r