Six months ago when the business curve was still on the rise, Chairman Colby Mitchell Chester of General Foods Corp. addressed the Boston Chamber of Commerce. Speaking not only for the makers of Grape Nuts, Post Toasties and Sanka Coffee but also, as head of the National Association of Manufacturers, for a vast and potent slice of U. S. management, Mr. Chester concluded with this prophetic declaration:
"Our present prosperity is, I fear, but a veneer that masks the grave dangers that will be obvious to anyone who explores beneath the surface. . ....
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