The Chicago star., August 10, 1946, Image 1

About The Chicago star. (Chicago, Ill.) 1946-1948

Image provided by: University of Illinois at Urbana-Champaign Library, Urbana, IL

                
THE CHICAGO
★ sfr&ia
Published
Weekly
I, No. 6
Vol. 1
asks Mead
Srncommittee to probe
I war swindles here!
Chairman of the special Senate
Committee investigating the na
tional defense program, Senator
lames Mead. New York Demo
crat, says his committee intends
to go after the big-time profits
next.
Part of more than 5,000 demonstrators who protested the Monroe, Georgia, lynchings at 35th and South Parkway. A dele
gation of white and Negro leaders was formed after the mass meeting to take Chicago’s protest directly to President Truman
In Washington.
Chicago delegation to see Truman on lynching
Seo page 16
Chicago, August 10, 1946 '**SS&>ee
I £X CtU S 1 V f ,]
By CARL HIRSCH
With evidence mounting that huge Chicago firms swindled the nation out of mil
lions in war profits, the Chicago Star urged a thorough probe by the Mead Committee
here this week.
Cab trust exposed
See page 3
NMU to strike here
See page 3
[s*]
In an exchange of corres
pondence with Senator James
Mead, the Star disclosed the
need for an investigation of
these facts:
IThat the huge Buick plant in
• Melrose Park was built by
the government at a cost of $126,-
000,000 and has now been sold to
the International Harvester Cor
poration for $13,750,000.
O That by 1944, the eight larg
“ cat packing companies had
increased their profits by 154 per
cent after taxes over the
1936-39 pre-war average.
O That the International llar
vester Corporation increased
its profits more than 300 per
cent during the war years.
\ That at such plants as Stude
baker and Buirk, the corpora
tions artificially jacked up their
costs so as to make higher pro
fits on “cost-plus" and “cost-plus
fixed fee” contracts.
* * •
“AS you say,” Senator Mead
wrote to the Star, “there is some
evidence that the Committee’s in
vestigations to date have not yet
brought to light all of the war
profiteers."
It was pointed out that the
See page 16
I
J The Chicago Star invites Its
readers to send in any evi
dence which they have of wai
profiteering in the Chicago
area to be presented to the
Mead Committee together with
the Star’s file of disclosures.