RECOVERY SCHEME

New Zealand Herald, Volume LXXI, Issue 21793, 7 May 1934, Page 9

RECOVERY SCHEME

ROOSEVELT'S CSITICS

LEADERS OF COMMERCE MESSAGE CAUSES FRICTION ADMINISTRATOR'S OUTBURST By Telegraph—Press Association —Copyright (Received May (i, 5.5 p.m.) WASHINGTON. May 5 The United States 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 to "stop crying wolf " and urged their full cooperation with the Government. Ho warned them that the people would hecome impatient with thoso who gave voico to "false fears" about the nation's economic progress. The division between the Government • and the industrial 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 tho 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 Blue Eagle walk the plank, to hoist the Jolly Roger on the ship of State and sail back to tho good old piracy that brought the crash in 1929 and all that has happened since." The N.R.A. is expected to get one of its most severe jolts when the report prepared by the commission headed by Mr. Clarence Darrow is published in a few days. This commission was delegated to study monopolistic trends under the industrial codes.

It is understood that the report presents the conclusion that consumers have suffered heavily through organised price-fixing, which tho N.R.A. not only allows but urges.

CULTIVATED AREAS CONSIDERABLE REDUCTION INTENTIONS OF MINISTER (Received May G. 5.5 p.m.) LONDON, May 5 Sir Stafford Cripps, Labour M.P. for Bristol East, speaking at Upton, referred to his visit to America. He said that Mr. H. A. Wallace, Secretary of Agriculture, had told him he had decided to stop the cultivation of 25,000,000 acres in the western States and was contemplating stopping the cultivation of more than acres.