ATTACK ON MONEYED ARISTOCRACY OF U.S.

Northern Advocate, 4 January 1938, Page 5

ATTACK ON MONEYED ARISTOCRACY OF U.S.

(Received 2.30 p.m.) WASHINGTON, January 2. “They are aimed only against certain malefactors of great wealth, not against all men of great wealth, remarked President Roosevelt, referring at a conference with pressmen,to last Thursday’s declaration by the Assistant Attorney-General, Mr R. H. Jackson, that “certain groups of big businessmen had now seized upon the; recession to liquidate the New Deal and throw off all Government interference with their incorporative initiative and aristocratic anarchy.” “Sit down” Strike of Capital. Apparently continuing Mr Jacksons attack, the Secretary of the Interior, Mr Harold L. Ickes. in a nation-wide radio address, declared that “60 families who control America’s wealth have threatened a sit-down strike of capital,” and warned them that unless they cooperate with the New Deal,ynew and more stringent laws will be enacted. “It is the old struggle between power and money and the power of the democratic instinct,”' ke added. “The moneyed aristocracy of America constitutes an even greater' menace to our institijtllStty that a would-be titled class. Reference to Henry Ford. “Big business cannot treat with the Government as one sovereign Power with another. American big business must learn to get along with prblid opinion, as it has learned, in England.” Referring to Mr Henry Ford’s citation of the Labour Board a week &gO, he said: “II: Mr Ford has thus dfifhsd & constituted authority, he is not entitled to the respect of the decent, law-abid-ing citizens of America. •<’ i jg r ! ■ c .Ra wm