WILDEST CONFUSION UNITED STATES

Northern Advocate, 30 May 1935, Page 7

WILDEST CONFUSION UNITED STATES

N.R.A. CODE INVALIDATION HOPES AND THEORIES WRECKED WORKERS UP IN ARMS. STRIKES MAY BE ORDERED. (United Press Association — Bt} Electric Telegraph. — Copyright .] (Received 9 a.m.) NEW YORK, May 28. The wildest confusion has followed invalidation by the Supreme Court of the N.R.A. code and other features. Surrounded on all sides by wrecked hopes and exploded theories, President Roosevelt and his advisers have worked frantically in Washington to devise a way of rebuilding the “New Deal” structure along constitutional lines. !

Immediate concern has centred round proposed changes in the Agricultural Adjustment Adminstration Law, which was to have been amended in the interest of large-scale marketing 'and licensing schemes. These ow of unconstitutionality. The Utilities Bill, which gave the President wide powers - for holding companies, also fell under the shadow of onConstitutionality. The Cotton Control Bill, the Wagner Labour Bill and the Banking Bill are also threatened.

The fear is expressed also that the court next will declare to be unconstitutional another vasty field of “New Deal” legislation, based upon the taxing power of Congress, through the exercise of which the Federal Government encroached upon fields especially fenced off against it or.reserved to the other states. The leaders of representative industries indicated today that they would endeavour to preserve the wages scales and working hours provisions of the N.R.A. code, in spite of the invalidating decisions of the court. On the other hand, there are reports of retail price-cutting in the tobacco and liquor-industries. The officials of the United Mine Workers and United Textile Workers’ Unions, two of the largest in the country, state that they will order strikes if the employers try to return to wages, hours and conditions prior to the N.R.A. . Wall Street was confused today. The stock market opened to tremendous trading at a rate of 4,000,000 shares for the day. Although this slackened, stocks popped one to six points in the afternoon under a heavy selling wave.