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BUSINESS LEADERS AND N.R.A. MESSAGE FROM ROOSEVELT “STOP CRYING WOLF” (United Press Association— By Electric Telegraph—Copyright) WASHINGTON, 4th May. The Chamber of Commerce closed its sessions to-day with the passage of a series of resolutions criticising sharply some features of the New-Deal, but not taking outright opposition to the recovery programme. A rather sharp conflict of .opinion developed between President Roosevelt and business leaders over a message the President dispatched to the Chamber, in which lie advised them to “stop _ crying wolf” and urged full co-operation with the Administration, warning people he would become impatient with those voicing “false fears” regarding the nation’s economic progress. _ . The division between the Administration and industrial leaders wifi probably he further broadened b ya vitriolic speech General Johnson delivered at Columbus, Ohio, to-night, in which he declared that “the friends of the N.R.A. outnumber the enemies by many thousands to one*, but the enemies haAe certain advantages. They are wealthy and powerful. They all want just one thing—to scuttle the whole recovery programme, make the blue eagle walk the plank, hoist the ‘Jolly Roger’ on the. ship of state, and sail back to the good old piracy that brought the crash in 1029 and all that happened since.’ The N.R.A. is expected to get one o. its severest jolts when the report prepared by the commission headed by Mr Clarence Darrow is published in a few days. It was delegated to a study of monopolistic trends under industrial codes. It is understood it presents the conclusion that consumers have suffered heavily through organised price fixing, which the N.R.A. not only allows but urges.

WAR DEBT PAYMENTS NO DEFAULT BY BRITAIN WASHINGTON, sth Alay. If Great Britain were in default of her war debts to the United States, Canada would not he in default by ■virtue of licr being a self-governing dominion of the British Commonwealth of Nations. Attorney-General Cummings ruled to-day. He also declared that tho United Kingdom had not defaulted when she made token payments on war debts instalments.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/NEM19340507.2.69

Bibliographic details

Nelson Evening Mail, Volume LXVI, 7 May 1934, Page 5

Word Count
336

Untitled Nelson Evening Mail, Volume LXVI, 7 May 1934, Page 5

Untitled Nelson Evening Mail, Volume LXVI, 7 May 1934, Page 5

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