STRONG CRITIC

Hokitika Guardian, 25 July 1933, Page 2

STRONG CRITIC

OF PRESIDENT ROOSEVELT.

LONDON, July 22

“President (Roosevelt liii, 3 made linnself the laughing stock of the world.’’ writes Viscount Snowden, formerly Chancellor of the Exchequer, in the Sunday Chronicle. “.Mr Roosevelt’s amazing outbursts,” says Lord Snowden, “will be tiled in international archives as a classic example of hectoring, conceit and ambiguity. Mr Roosevelt is inexperienced, and 'has no qu i-lificatjons to pose as an infallible leader in world affairs. A little modesty would have saved him fr-onr arrogantly defying tile courte-ously-expressed views of world leadens.

“It is not for America, whose reckless economic and financial policy has plunged her into a calamitous depression and dragged the rest of the world down to almost her own depths of mi eery, to teach other nations the road to irecovery. “It was unpardonable for Mr Roosevelt to sabotage the Economic Conference in order to popularise himself with uninformed American opinion. His 'recovery’ boom has no real economic foundation. It is wholly psychological and speculative,”

U.S. COTTON REDUCTION PLAN

OPPOSITION BY GROWERS

NEW YORK, July 22

Drastic crop reduction, in furtherance of President Roosevelt’s plan to remould the cotton industry, i G encountering opposition among • growers. Having 'produced the code for the regulation of the manufacturing side, the Government turned to the producing end. and the climax came to-day when the 'Secretary for Agriculture, Mr H. Ay Wallace, appealed to 12,000,000 growers in southern States to 'destroy one-fourth of their growing crops for the purpose of .reducing the surplus, which is menacing the market. His announcedment that he is reducing the crop area by 10,000,000 -acres came on the day that cotton rose a dollar a bale, to the highest price for many months.

If the present price holds, -cottonigrow'ers will realise their first substantial profit for years, and owners of -thriving fields aye becoming- more and more reluctant to plough under part of their -crop, even in the face of Mr 'Wallace’s insistence that their failure to do so will'cause the market to collapse. A dramatic situation is fast approaching. The great difficulty is to allay suspicion and assure everyone that all communities will he treated alike. Farmers are being -offered cash. payment? for acreage destroyed, -and every kind of subterfuge is abroad for collecting government money, and, at the same time, keeping the fields intact. In the textile industry, also, there is ,a so-called "incorrigible” 20 per cent of manufacurers who threaten injunctions to test the new laws if the Administrator -brings -his cotton “code” into -active operation next Monday.