BUSINESS RELAPSE
Roosevelt’s Move To Stop Wage-Cutting Washington, January 25. President Roosevelt has made to the Press a significant statement designed to stop wage-cutting, arising from business recession. He said that wage reductions in industry made workers carry the burden of business relapse, which was just as unfair as if the bondholders were made to do so. He stressed the necessity of maintaining the purchasing power of rhe worker. “Industrialists kill the goose that lays the golden eggs when they.keep up prices at the expense of employment and purchasing power, or cut wages and thereby reduce purchasing power. Either policy, is suicidal,” said the President. STATE APPOINTMENT Assistant For Mr. Hull Washington, January 25. Mr. A. A. Berle, a leading member of Roosevelt’s “Brain Trust” in its early years, is prominently mentioned as likely to be appointed Assistant .Secretary of State. He would aid Mr. Cordell Hull in fiscal and trade matters. SUPREME COURT JUDGE Washington, January 25. The Senate has confirmed the appointment of the Solicitor-General, Mr. Stavley Reed, a strong supporter of the New Deal, as a Judge of the Supreme Court, to succeed Justice Sutherland.
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Dominion, Volume 31, Issue 104, 27 January 1938, Page 9
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188BUSINESS RELAPSE Dominion, Volume 31, Issue 104, 27 January 1938, Page 9
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