AMERICAN RECOVERY PLAN

Hawera Star, Volume LIV, 4 May 1934, Page 5

AMERICAN RECOVERY PLAN

PRAISE AND CRITICISM CHAMBER OP COMMERCE VIEWS VARIANCE OF OPINIONS ABOLITION OF CHILD LABOUR. (United Pross Association—By Electric Telegraph Copyright.) WASHINGTON, May 2. Fourteen hundred delegates to the annual convention of the United States Chamber of Commerce to-day heard a series of sj>eeches from leaders in the business and industrial world, some praising and others condemning various parts of President Roosevelt’s recovery programme. The President declined to address ill.* gathering and was represented by General Johnson, National Recovery Act administrator, who defended the administration of the 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, eliminated unfair ‘ competition 1 "and 'effected other reforms.

The general reaction of the assembly appeared to be that economic- planning to a. certain extent was desirable, but it was positively opposed to permanent Government control of business through such devices as the Securities Act and the proposed stock exchange legislation.