TRANSITION: Fear of the Future

Pint-sized, grey-haired Arthur D. Whiteside, the 61-year-old President of credit raters Dun & Bradstreet, last week came out as a spokesman for all U.S. businessmen who fear the future. Fresh from a year as WPB's Chief of Civilian Requirements, he spoke to the potent American Retail Federation (representing 500,000 retailers) at its annual meeting in Manhattan's Waldorf Astoria. His thesis: the U.S. Government should control civilian goods production "on the basis of 1939" for two to three years after the war.

This was the same awful fear that panicked the U.S. into theeconomy-of-scarcity regimentations of...

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