Word: lazaruses
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...Rebuttal. The retailers, whose bread is buttered on the side of selling more goods, naturally thought this kind of talk dangerous nonsense. Their official rebuttal came from the American Retail Federation Chairman Fred Lazarus Jr.* Said he: "The essence of reconversion is continuous employment." No manufacturer has a "vested right" in tomorrow's market because of past performance...
According to Lazarus, the lid of Federal control should come off at once whenever and wherever civilian goods can be turned out, or Government surpluses released, without interfering with war production. As for glutting the market, he reminded fearmongers that postwar production must be vastly greater than ever before. His clinching argument: "We cannot get a $135-billion national income out of 1939 quotas set on an $80 billion economy...
...Verdict? Though the debate is nowhere near settled, there are growing signs that the final verdict will lean in the Lazarus direction. The Baruch Report (TIME, Feb. 28) supported that viewpoint. This week the Senate's hardworking Truman Committee did likewise...
...third annual report, the Committee flatly stated: "The bulk of the initial [war] equipment and supplies will have been manufactured within 60 to 90 days. . . . We may expect cancellations or cutbacks . . . within a few months to exceed new contracts." Then, the Committe roundly damned what Lazarus had called "a system of quotas or cartelization...
Harvard will not be at full strength for the game. Paul Morgan is definitely lost, while the medicos are working on Dave Dean and Julio Ortega with the hope of enabling them to start. It is doubtful if Roger Lazarus will play more than one period, and Howie Finkel may be lost for the final game...