U.S.A. TRADERS

Grey River Argus, 4 May 1934, Page 5

U.S.A. TRADERS

Give Grudging Praise FOR ROOSEVELT’S SUCCESS. (Aub. .1 N.Z. Cable Abbu.) (Received M:i\ 3 at 7.40 p.m.) WASHINGTON, May 2. Fourteen hundred delegates to the annual convent on of the United States Chandler of Commerce to-day heard a series of speeches from leaders of the business and industrial wordd some praising and others condemning various parts of President Roosevelt’s recovery programme f The President declined to address the gathering, and he was represented by General Johnson, iwho defended the Administration and the National Industrial Recovery Act, Mr Henry Harriman (President of the Chamber) took an optimistic view of business conditions. He praised the N.R.A to the extent that it had abolished child labour, elimnated unfair competition, and effected • other reforms. The general reaction of the assembly appears to bo that economic planning Io n certain extent was desirable, but. it was positively opposed to permanent flov« rnmental control of business through such devices as the Securities Act and the proposed Stock Exchange legislation.