Any Economic Setback Would Be Short, Minor, Industry Leaders Here Say - Peace in Korea will have little long-range effect on business in Middletown and the nation, local industrial and banking leaders contacted by the Journal reported during the past week. Some feel, however, that a truce might cause a slight let-down in activity for a short while. E.T. Gardner, president of the Board and Carton Company, said, "A Korean truce, followed by successful peace negotiations, would probably bring a period of slow business. However, I don't believe it would last very long. This slow period probably wouldn't affect our industry seriously," he added. The President of the Sorg Paper Company D.D. Driscoll, agreed, stating that "it could be possible that such a far-reaching change as that involved from a war economy to a peace economy might temporarily affect business activity...”
Any Economic Setback Would Be Short, Minor, Industry Leaders Here Say - Peace in Korea will have little long-range effect on business in Middletown and the nation, local industrial and banking leaders contacted by the Journal reported during the past week. Some feel, however, that a truce might cause a slight let-down in activity for a short while. E.T. Gardner, president of the Board and Carton Company, said, "A Korean truce, followed by successful peace negotiations, would probably bring a period of slow business. However, I don't believe it would last very long. This slow period probably wouldn't affect our industry seriously," he added. The President of the Sorg Paper Company D.D. Driscoll, agreed, stating that "it could be possible that such a far-reaching change as that involved from a war economy to a peace economy might temporarily affect business activity...”
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