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This act is the basis for priority and inventory controls governing the use of scarce materials, as well as for other powers essential to orderly reconversion. I think that this Administration has given adequate proof of the fact that it desires to eliminate wartime controls as quickly and as expeditiously as possible.

The submergence, then, of land must be often attended by the commencement of a new class of sedimentary deposits, characterized by a new set of fossil animals and plants, while the reconversion of the bed of the sea into land may arrest at once and for an indefinite time the formation of geological monuments.

Swartz seems to have regarded the Roman Catholics as in almost as much need of reconversion as the Hindoos and Mahometans; and as in those days their Church shared in that universal religious torpor that had crept over the world, it is most likely that he found them in a very debased condition.

The period of demobilization and reconversion is fraught with uncertainties. There are also serious gaps in our statistical information. Certain tendencies are, however, fairly clear and recognition of them should serve as background for the consideration of next year's Federal Program.

But popular suspicion had been aroused by Charles's secret dealings and James's open professions; and Titus Oates, who knew something about real plans for the reconversion of England, inflated his knowledge into a monstrous tale of a popish plot. The Whigs, as the opposition party came to be called, used it for more than it was worth to damage the Tories under Danby.

The Quarterly Report of the Director of War Mobilization and Reconversion analyzes the difficulties in recruiting personnel and obtaining materials that hamper reconversion in certain industries and proposes policies to deal with these situations. The lack of adequate housing is one of the main factors checking the flow of workers into areas where job opportunities exist.

1 Excludes exports for lend-lease and relief which are included in Federal Government expenditures. 2 Mainly government expenditures for other than goods and services, such as mustering-out pay and unemployment compensation. Unemployment has increased less than was expected during this first period of demobilization and reconversion.

Some of these, such as certain functions of the former foreign Economic Administration and the War Manpower Commission, are still needed during the period of reconversion; others are in the process of liquidation.

The rapid termination of war contracts, prompt clearance of unneeded Government-owned equipment from private plants, and other reconversion policies have greatly speeded up the beginning of peacetime work in reconverted plants.

To attain some of these objectives and to meet the other needs of the United States in the reconversion and postwar period, I have from time to time made various recommendations to the Congress. In making these recommendations I have indicated the reasons why I deemed them essential for progress at home and abroad.