INDUSTRIAL CODES

Northern Advocate, 7 May 1934, Page 5

INDUSTRIAL CODES

ACUTE FRICTION 1 : I PRESIDENT AND COMMERCIAL j MEN MONOPOLY INQUIRY -SEVERE JOLT EXPECTED •(Received 0 n.m.) - ■. WASHINGTON, May The. United Chamber of Commerce closed its conference yesterday, after passing a series of resolutions criticising sharply some of the features of President Roosevelt’s “new deal,” but not in outright opposition to the recovery programme. Rather a sharp conflict of opinion developed between Mr Roosevelt and the business leaders over a message the President despatched to- • the Chamber. In this he advised them io stop “crying wolf,’’ and urged their full co-operation with the Government. He warned them that the people would become impatient with those who gave voice to “false fears’’ about the, nation’s economic progress.

Tin l division between the Government ami the industriail leaders probably will be further broadened by a vitriolic, speech -which General Johnson, chief administrator of the N.R.A., delivered in Columbus, Ohio, this evening. He said: “The friends of the N.R.A. outnumber its enemies .many thousands to one, but its enemies have certain advantages. They are wealthy and powerful. They all want . just this —to scuttle the whole recovery programme, to make the Bine Eagle walk the planly, to hoist .thg; Jolly Roger on the Ship of State and sail back to the good old piracy. that brought the crash, in' 192,0 arid ail.that has happened since.’-’ The N.R.A. is expected to get one of the most severe jolts when .tbe, .report prepared by the commission headed by Air Clarence Barrow is published in a few days. This commission was delegated to study monopolistic trends under the industrial codes.

It is understood that the report represents the conclusion that- consumers have suffered heavily through' organised price which the ••NiR.A, not only allows, but Urges.- •• ■ '