POSTWAR: Three-Year Plan

One of the most radical suggestions yet made to solve the postwar unemployment problem came last week from Captain Eddie Rickenbacker, Eastern Air Lines president. Rickenbacker recommended that U.S. industry declare a three-year moratorium on dividends and earnings, plow all the money back into expansion to create new jobs.

Captain Eddie hopes for a postwar Eastern Air Lines ten to 15 times its present size. Said he: “Eastern is willing to declare a moratorium on dividends*. . . invest not only our present cash reserve, but all the millions we can borrow in a sound and sane expansion program.”

-No innovation for Eastern stockholders, who have never received a dividend.