The Portsmouth Herald
PORTSMOUTH, N. H., SATURDAY EVENING, OCTOBER 3,1942.
FDR Moves Swiftly To Level
Nation's Wartime Living Costs
Congress Completes
Passage But One Day
Later Than Deadline
President To Stabilize
All Wages By Nov. 1
Washington, Oct. 3 (AP)—President Roosevelt, vested
with greater powers to curb inflation then ever were
bestowed upon a chief executive in the nation's hisvory,
moved quickly today to stabilize salaries, prices and
wages.
Three hours after Congress finally approved the compromise
anti-inflation bill last night, the president signed
the measure into law and prepared to issue an executive
order applying the brakes* to wartime living costs
Prodded into action by the president
on his return from a two weeks
Inspection of war establishments,
congress completed passage
of the controversial bill but one day
later than he had demanded.
In a Labor Day speech, Mr.
Roosevelt asserted that If congress
failed to act by Oct. 1, he would
take matters into his own hands
"to see to it that the war effort is
no longer imperiled by threat of
economic chaos."
Levels of Sept. 15
Scrap Metals, Rubber, Rags-
CAN HELP THE TIDE IN OUR EVER-INCREASING
war effort—and America's warriors in the classrooms
MOBERLY MONITOR-INDEX
M-OBERLY, MISSOURI, SATURDAY EVENING, OCTOBER 3, 1942
'ACTIONNOW
PLEA MADE
BY WILLKIE
Declares Common People
Everywhere Want to Get
On With War
GREAT STRUGGLE
FOR FREEDOM
War Will Be Won Only by
Bold, Courageous Men,
Bold Action
President Roosevelt gave control
of the country's cost of living
to Supreme Court Justice James
F. Byrnes today, and, putting- the
anti-inflation la\v into effect,
called for nationwide rent controls
and stabilization of "90 pcr
cent of the nation's food bill."
Byrnes, 63-year-old former Senator
from South Carolina, has resigned
from tlie court to undertake
the unprecedented job. His
title is director of economic stabilization
and liis task is guidance
of the whole policy of heading off
Inflation.
No comments:
Post a Comment