The United States Newsprint Industry and the R. F. C.
Mr. R. S. Kellogg, Secretary of the Association of Newsprint Manufacturers of the United States, stands high as an authority on the statistics and economics of the newsprint industry. His argument is that it would be unsound policy for the federal government, through the Reconstruction Finance Corporation, to extend credit for the development of new plant capacity. From his supporting evidence he points to the conclusion that further expansion of the industry is by no means limited by the supply of raw material. but rather by market limitations: that the sustained yield capacity of the Nation's pulpwood resource is far in excess of public requirements; and, that the installation of a new plant anywhere means the closing down of equivalent capacity elsewhere. This in time would mean a comparable disemployment of labor and no net gain in unemployment relief.
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Document Type: Journal Article
Affiliations: Association of Newsprint Manufacturers of the United States
Publication date: 1935-06-01
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