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NEW DEAL IN AMERICA

PRESIDENT AND BUSINESS

"Btop cmrixa woLii":

Onitcd Press Association—By Electric Tela-

STapbr—Copjrisbt.

AY ASHIN'GTOX, May i

The Chamber of Commerce closed its session today with the passage of a series of resolutions criticising sharply some- features of the New Deal, but not taking outright opposition to the recovery programme.

A rather sharp conflict of opinion xleveloped beUvcen Piesident Eoosevclt and the. 'business leaders over a message the President dispatched to V the Chamber in which he advised them to "Stop crying wolf," and urged full cooperation with the Administration, warning people that he would become impatient with" those voicing "false fears" regarding the nation's economic progress.

The .division between the Administration and industrial leaders- was probably , further broadened by a vitriolic speech by General Johnson, administrator of the N.B:A:, delivered at Columbus (Ohio) tonight, in which he declared: "Friends of the N.B.A. outnumber its enemies by many thousands to. one, but the enemies have certain advantages. They arc wealthy and powerful. They all want'just one thing-^to scuttle the whole reeo\eiy programme, make, the blue eagle walk the plank, hoist the Jolly Roger on the Ship of State, and' sail -back' to the good, old -piracy that brought the- crash in 1929 and all that has happened'siuce." The -N.R.A; i^ expected to get ono of its severest jolts when th'c'iepoit picpared by the commission headed by Mr. Clarence Dairow' is published in a few days. It nab delegated to the study of monopolistic trends under industrial codes. It is understood that it presents the conclusion : that consumers.. have suffered heavily through : the organised price-fixing which the N.E.A. not only allows, but urges.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/EP19340507.2.88.1

Bibliographic details
Ngā taipitopito pukapuka

Evening Post, Volume CXVII, Issue 106, 7 May 1934, Page 9

Word count
Tapeke kupu
275

NEW DEAL IN AMERICA Evening Post, Volume CXVII, Issue 106, 7 May 1934, Page 9

NEW DEAL IN AMERICA Evening Post, Volume CXVII, Issue 106, 7 May 1934, Page 9

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