NEW DEAL

Poverty Bay Herald, Volume LXI, Issue 18590, 28 December 1934, Page 13

NEW DEAL

CANADA MAY COPY

REGULATE BUSINESS

.OTTAWA, Dec. 17

That Canada may copy the American New Deal is suggested in a .speech by Mr. William Herridge, Canadian Minister to Washington and a brother-in-law of the Prime Minister, Air. Bcnnetj,. “There is nothing sacred about our economic system, except the welfare of the peftple,” lie declared. 80111 c observers link Mr. ICerridgc’s utterance with Air. Bennett’s own recent statement concerning Hhe probable regulation of Canadian business by Act of Parliament. Mr. Herridge said that high, finance could not maintain the idea that it had a monopoly of intelligence. “They tell us,’’ lie said, “to grin and bear the present depression as part of an ordinary trade cycle, and to remember that all our fuss and struggle will merely prolong the agony. Doubtless their talk is fortifying—unless you happen to be hungry. The system goes triumphantly "on, but the people perish.” Mr. Herridge's speech may furnish the keynote for the coming election campaign. Meanwhile, Government boards are busily engaged in working out marketing 'schemes for natural products, with jirice control principles .involved.