ECONOMICS: To Create Employment

Because Roosevelt Recovery, from both Depression I and Depression II, stimulated consumer industries (liquor, shoes, automobiles, etc.) but left heavy industry (steel, coal, railroads, etc.) in the lurch, no genuine U. S. prosperity has resulted. Last week one grandiose cure-all and one specific remedy were expounded before a Senate sub-committee considering incentive taxation as a spur to industrial adoption of profit-sharing plans (TIME, Dec. 5).

Cure-All. Clarence William Hazelett is a taciturn man with a small metal works and a large mission. His Hazelett Metals Co. of Greenwich, Conn. licenses a process...

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