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HARVARD BUSINESS SCHOOL CLUB OF W ASHINGTON, D. C. 8 March 1951 Mr. Marriner Eccles Member, Beard of Governors Federal Reserve System Washington, D.C. Dear Mr. Eccles: We are very glad that you will be participating in our conference as the dinner speaker this Saturday, March 10th, at the Shoreham Hotel. The objective of these annual conferences sponsored by this club and the Harvard Graduate School of Business Administration is to create a fuller understanding between government and business by bringing together leaders from both fields to present and discuss important common and timely problems. The title of your talk is Financial policies for Survival. Its content can be the general coverage we discussed during our telephone conversation. With this letter is a one page brief describing the full day. It may be of some assistance to you in visualizing our program. While the hour scheduled for dinner is 6sU5 p.m. we would like to have you join us for the full day as our guest. Please let me know if there is anything we can do to be of further assistance. c/o National Geographic Society 16th & M Streets, N.W. Wathington, 6, D.C. District 3330 FIFTH ANNUAL Washington Conference on Government and Business Relations Under the Sponsorship of The Harvard Business School Club of Washington, D. C. In cooperation with The Graduate School of Business Administration Harvard University 0^3 SHOREHAM HOTEL Washington, D. C. March 10, 1951 GOVERNMENT AND BUSI NESS IN econojG c Q r v iv a l Afternoon Session Morning Session 9:00 a.m. 2:30 p.m. Registration M o d e r a t o r : Edmund P . Learned, Professor of 9:30 a.m. Business Administration, Harvard Busi ness School Call to Order John P. M. Johnston, Conference Chairman MOBILIZING OUR RESOURCES MORAL FIBER OF ECONOMIC SURVIVAL Rev. Charles W . Lowry, Ph.D., rector, All Saints Church, Chevy Chase, M d . I n t r o d u c t i o n s : Richard McKay, Vice Chair Walter W . Watts, Assistant to the Adminis trator and Chairman, Production Execu tive Committee, Defense Production A d ministration man, Attendance and Registration DEFENSE PROCUREMENT POLICY Archibald S. Alexander, Under Secretary of the A rm y SUPPLYING THE GOVERNMENT Donald Armstrong, President, and Foundry Company CONVERSION FOR PRODUCTION James B. Mooney, Chairman of the Board, Technical Managers, Inc. OUR ECONOMY FACES A CRISIS U. S. Pipe Sumner H. Slichter, Lamont University Pro fessor, Harvard Business School MANNING THE MOBILIZATION Open Forum Stanley Ruttenberg, Director, Research and Education, C.I.O. Open Forum 5:30 p.m. Cocktail Hour Luncheon Session 12:15 p.m. P r e s id in g , Arthur H. Dadian, President, Har vard Business School Club C h a i r m a n , Charles C. Concannon, President, Harvard Club Dinner Session 6:45 p.m. P r e s id in g , Captain H. M . Briggs^ USN, Vice Chairman, Program and Publicity PATTERN FOR PRODUCTION Horace B. McCoy, Assistant Administrator for Industry Operations, National Produc tion Authority FINANCIAL POLICIES FOR SURVIVAL Marriner S. Eccles, Member, Board of G ov ernors, Federal Reserve System HARVARD BUSINESS SCHOOL CLUB OF WASHINGTON Officers and Committee Chairmen ★ H. A rthur D a d ia n President P h il ip Ca l d w e l l Jo h n P . M . Jo h n s t o n Vice Presidents SERVICE VICE PRESIDENTS L t . Gen. C a p t. E. W. H. M . USAF USN M c C u l l o c h , USA R a w lin g s , B r ig g s , C o l . T h o m a s G. L t . D onald F. K en t (SC) USN Secretary F r a n k B . G a t c h e l l , Jr . T reasurer W il f o r d L . W h it e Counsellor CONFERENCE COMMITTEE CHAIRMEN Jo h n P . M . Jo h n s t o n Conference Chairman USN C a p t . H. M . B r ig g s , R ic h a r d Vice Chairmen R ic h a r d H. R u s h Program 0 . J o h n D a v is Publicity E ldon S. O l s o n Attendance Jo n a t h a n H. Sprague Finance and Registration G il b e r t L . B a t e s Arrangements W il s o n P. G r a h a m Hospitality Jo h n B . P ope Secretary M cK ay Washington Conference on »Economic Survival•• March 10, 1951 This conference on **Economic Survival" is centered about mobilizationj government planning and industrial cooperation. In order that the day be integrated as a whole with minimum duplication and that there be a continuity from speech to speech, the following coverage is suggested. The morning session and day will open with a talk on the necessity of moral integrity of each of us as being the sinew of economic strength and industrial strength. Defense procurement Policy, Under Secretary of the krmy Archibald S. Alexander, may discuSS basic mu.it&jty procurement giving special attention to the munitions Board Industrial Mobilization Plan, broadening the industrial base of suppliers, generation of detailed requirement, acceleration of contract placement particularly of small business concerns, integration of military procurement program with orders limiting the use of critical materials for civilian purposes. His illustration will be drawn from Army procurement practices. Supplying the Government, Mr. Donald Armstrong, president, U.S. Pipe and Foundry, will report on the effect oi'~ efense procurement policies on his company. He will describe what planning his company has done in preparation for mobilization an' tell how he located the prime contractor or the government procurement activity. Manning the Mobilization, Mr. Stanley Ruttenberg, Director of Research and Ed cation, can reveal labor^s proposals for the handling of labor-management relationships and adjustments during the mobilization and what labor*s long-range objectives are for contributing to production and the addition of work forccs (maJLe and female) and the training of oersonnel. 0 * 1 .0 7 7 Pattern for production, Mr. Horace B. McCoy, Assistant administrator for Industry Operations, Rational production Authority, is expected to outline the functions and degree of government participation in the expansion of productive capacity, plans for Jne distribution of national product and how it may be achieved by materials control and stockpiling. Mobilizing Our Resources, Mr. Walter W. Watts, Chairman, production Executive Committee, Defense production Administration, will outline generally the expansion of national productive capacity of both big and small business to give the overall picture. The major portion of hie address, however, will deal with the critical field of small business and industry whose specific potential has not yet b en most effectively integrated into a full contribution to our production needs. Conversion for Defense Production, Mr. James B. Mooney, Chairman of the Board, Technical Managers, Inc., will describe its problems, answer questions on effects of allocation and priorities on various types of products; effects of the national priority system on purchase and production processes (substitution of materials in established products); effects of manpower shortages and vulnerability in labor forces; and general problems of partial and complete conversion. Our Economy Faces a Crisis, Professor Sumner Slichter, Harvard Business School, will show the interrelation of the basic changes produced by the policies and plans expounded during the day; the disruption in an enforced expansion accompanied by materials control and stockpiling; the effect of national policy for partial mobilization and preparation for complete mobilization on gross national production; the effect of defense procurement policy channeling to big and little business; and the necessity for incentive for n w enterprise, new industry, n^w research and its application. Financial Policies for Survival, Mr. Marriner S. Eccles, Member Board of Governors, Federal Eeserve System, will state the importance of monetary and fiscal controls to the preservation of our economy; the direct effects of inflationary forces developing as mobilization progresses, and the indirect causes of inflationary and counter-inflationary forces; controls to insure avoidance of dangerous economic effects and to insure social stability. LAW O F F I C E S ARTHUR BOWEN H. D A D I A N BU ILD ING / HARVARD BUSINESS SCHOOL CLUB OF WASHINGTON, D. C. June 17, 1951 Mr. Marriner Eccles Member, Board of Governors Federal Reserve System Washington, D.C, Dear Mr. Eccles: The Harvard Business School Club is pleased to be able to send a report of the spring conference to you. We deeply appreciated your interest and active partici pation. While our club president has written to express the thanks of the club, I wish to add mine and to say how effectively you concluded the program which greatly helped to make a successful day. Sh39 Ulst Street, N.W. Washington, 15, D.C.
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