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The day book. (Chicago, Ill.) 1911-1917, March 23, 1917, NOON EDITION, Image 12

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Persistent link: http://chroniclingamerica.loc.gov/lccn/sn83045487/1917-03-23/ed-1/seq-12/

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tl -Alexandre.. Pibqx
Ribot is the new premier of France,
succeeding Aristide Briarid. He is
considered the strongest public man
in France, having gone safely
through 36 years of stormy politics.
He was premier in several former -.cabinets.
Washington, MarcH 23. Govern
ment supervision of the country's
vast resources of raw materials used
in the production of munitions and
other war supplies is contemplated
by the National Council of Defense if
the United States goes to war with
Germany. Tentative plans for put
ting such supervision into operation
almost immediately already have
been completed.
The council is' hopeful that the big
producers of raw material will agree
to such a plan voluntarily. But. in
case they do not, the council is pre
pared to go before the coming extra
session of congress and ask for such
Already the copped producers have
offered to sell the government cop
per aj a figure almost half the pres
ent price in the event of war.
Similar co-operation is expected
from the steel men and other big
produclrs who will be called upon to
furnish the army and navy with sup
plies in case of an outbreak of hos
tilities. Abnormal financial profit On the
manufacture of munitions and neces
sary supplies will be made impos
sible by war measures.
Howard E. Coffin, a member of the
advisory committee of the council of
national defense, in speaking of the
absolute necessity of government
supervision of industries in time of
war, said to the United Press today: 1
"We must and will provide for tak
ing all abnormal financial profit out'
of war, but we dare, not take away
all profit as such a course would
wreck the nation as a business con
cern. .
"In England and France, for in
stance, it is the plan to make all war
transactions reasonably profitable
because it is realized that it is only
through such a procedure that the
whole economic machine may be
kept running smoothly.
"Labor must have its fair return
for its work. .The producer of raw
material must have a reasonable re
turn upon his investment and the
manufacturer of the finished product
must have a fair profit.
"If labor were working for half
what it ought and the manufactur
er selling at a 25 per cent loss, there
would soon be a catastrophe and
bankruptcy would become the. order
of the day."
o o
New York. AlbertC. Sander and
Carl N. WunnenJ)erg sentenced to
serve two years in federal peniten
tiary and to pay fines of .$2,600 each
on pleas of guilty to charges of send
ing spies to England,

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