Word: symingtons
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Until last week, Washington planned to tighten up gradually on credit to fight inflation. Then Chairman Stuart Symington of the National Security Resources Board took a hand in the matter. Result: drastic new restrictions on housing and installment credit which brought loud cries of anguish from businessmen and consumers...
House builders were the first to feel the crackdown. They had thought that for the time being, at least, there would be comparatively mild controls. But Stu Symington, the man chiefly responsible for gearing the U.S. for war production, thought differently. The only way to keep prices down and to free men and materials for the rearmament program, he said, was to clamp down harder & faster. After talking it over with FRB & housing officials last week, Symington won his point. The new restrictions...
...Said Symington: "Whether we could get up and fight back depends on whether we have civilian defense...
...visitors did not need to be told that. They wanted Symington and Wadsworth to tell them what the Federal Government was going to do about...
...Certainly the Federal Government was obligated to share in the protection of industrial centers that are supplying the U.S. with its armaments. What did NSRB mean, Robinson wanted to know, when it said the Government would supply "some equipment"? That was up to Congress to decide in January, Symington replied unhappily...