RECOVERY DRIVE

Grey River Argus, 30 April 1938, Page 6

RECOVERY DRIVE

ROOSEVELT’S STRUGGLE Against “Big Business” & N.Z. Cable Assn.] (Received April 29, 10.10 P-" 1 -) NEW YORK, April 28. The Washington correspondent of .'the “New York Times” says: _ “Frustrated in its attempts to enlist the 'goodwill of Mr Henry Ford behind the Administration’s recovery drive, ' White House is turning its attention 'to the business men’s co-operative [manifesto, of April 26, and it is uhderI stood that a conference ot those who 'signed it will be called. I The President, further, intends to 1 send a message to Congress, asking for anti-monopolistic legislation, which I while not expected to be as drastic as was first contemplated, nevertheless will be in the nature of a warning to the recalcitrant business , groups. j HENRY FORD HOSTILE. IS HE AFRAID TO DEFINE ALLEGATION ? (Received April 29, 10.10 p.m.) NEW YORK, April 28. 1 Something of a sensation has been .' caused by a statement attributed to - Mr Henry Ford, during the course of 'an interview, granted here to-day ' after his conference with President - Roosevelt yesterday. Mr Ford said. ' The people have a leaner “who is ' putting something over on them.” ‘ i Declining further to elaborate his ® statement, and stressing later that he 1 never said anything against Preside ent Roosevelt, the manufacturer de, ! - clared: “There are a lot of people ".who are looking for a leader, and '.they have one who is putting something over them, and they deserve it. .'People ought to be their own leaders.” f, Mr Henry Ford, addressing the . I American Newspaper Publishers’ Ast sociation. made a two-sentence . speech, viz: “We are all on the spot i . Stick to your guns, and I will help J you all I can with the assistance of .' my son.” j Republican Hopes f OF DEMOCRATIC SPLIT, I EXCITED BY NEW LIBERAL MOVEMENT. - , lAust. & N.Z. Cable Assn.l . (Received April 29, 9.55 p.m.) MADISON (Wisconsin), April 28. 1 A movement, of first rate import- ] ance, and one having a special sig- ' nificancn for President Roosevelt’s r own political fortunes was launched ’ to-night by the La Follette Brothers, ’ Senator La Follette and Governor La Follette, when they formed the National Progressive Party, which is pledged to avoid equally old fashion- , ed Capital, Socialism. Fascism and Communism; and to support so-called >' American Liberalism. The party, f which hopes to have candidates in all , of the States in 1940, is seen to rep- , resent a movement of revolt against ( the New Deal, which the La Follette , Brothers have supported. Governor Philip La Follette, in . announcing the formation of the ProJ gressive Party, declared that the President’s good intentions were hamstrung by reactionaries and feudists j within the Democratic Party itself, • and that the new Party will be disi tinct from both the Democrats anq I the Republicans. i Governor Philip La Follette enunciated five principles. The first’ principle is: “That the ownership, and control of money and credit, withi'out qualification or reservation, must ' |be under public and not private, con- . j trol.

The other four principles are merely promises for the economic betterment of the people. The platform will be drafted later.

The Progressives apparently represent a mid-Western movement, which is principally Agrarian and Labour in character; but they will attempt to reassure the safety of capital. This movement, which joined the Roosevelt forces, found itself frustrated, on one hand by strong Southern Conservative groups, and on the other hand by a so-cassed radical fringe, both of which are constituent parts of the Democratic Party. It is not considered that the Progressives will be strong enough by 1940 to gain important positions, but they may seriously divide the strength of the Democrats, and may open the way to a Republican victory in the Presidency contest. BUSINESS NO BETTER. (Received April 29, 11.50 p.m.) WASHINGTON, April 28. That the Roosevelt Administration is seriously disturbed over business conditions is seen in an informal statement by Mr Morgenthau (Secretary to the Treasury), to the press. ‘Of course they are bad, and still getting worse,” he confessed. He could not see a sign that the bottom had been reached, but he declined to comment further.