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Civilian Supply remains in the capable hands of Leon Henderson, who also doubles as the Administration's Price Boss...

Author: /time Magazine | Title: Nelson Takes Over | 2/2/1942 | See Source »

...World War I, the deadly dance of the prices doubled the war bill of the nation. With this grim lesson in mind, the Administration last April appointed bushel-bellied Leon Henderson as Price Boss. Henderson had no real authority to enforce his price ceilings-or at best, questionable authority. But he had seen the interrelated whole of U.S. industry from the topmost contemporary vantage point, the TNEC's two years and nine months of study. Backed by public opinion, Henderson kept prices down by bluff and loud talk...

Author: /time Magazine | Title: Price Non-Control | 2/2/1942 | See Source »

Massachusetts' own Joe Martin several weeks ago made an attempt to come to the aid of the Captains of Industry without entirely ignoring the party. Suggesting, among other things, substituting Herbert Hoover for Leon Henderson to play quarterback at price administration should calm the nerves of Charles E. Wilson, president of General Motors. Mr. Wilson's fears for "the prerogatives of management" may be regarded as mildly symbolic. In fact, there is much evidence to show that Big Business has not been enthusiastically supporting the victory production campaign. This statement might also be regarded as mild. Whether or not Martin...

Author: NO WRITER ATTRIBUTED | Title: What Price Production? | 1/28/1942 | See Source »

...same time industrial production is proceeding "as usual," it is enjoying more than comfortable profits. According to Leon Henderson profits are up 169 per cent over the 1939 level and are still rising. In the first six months of 1941, they increased 33 per cent over those for the similar period the previous year. Even the Wall Street Journal says that profits have increased. There has been a price rise of 14 per cent of which only 7 per cent is due to labor costs, Isidore Lubin, U. S. Labor Commissioner, reported to a Senate committee. Lubin further asserted that...

Author: NO WRITER ATTRIBUTED | Title: What Price Production? | 1/28/1942 | See Source »

Better still, a few lucky dealers will be selling new cars two years hence-something none had dared hope for. This is because Henderson will freeze at least 130,000 new cars onto a 1943 stockpile. On these cars alone, dealer gross profits plus delivery and warehouse charges (running up to $15 a month) should total over...

Author: /time Magazine | Title: AUTOS: Remember the Dealer | 1/26/1942 | See Source »

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