NATIONAL RECOVERY.

Waikato Times, Volume 116, Issue 19460, 27 December 1934, Page 7

NATIONAL RECOVERY.

MR ROOSEVELT’S PLANS. LONG RANGE DEVELOPMENT. United Press Assn.—Elec. Tel. Copyright. WASHINGTON, Dec. 17. Political'circles a-re divided regarding the merits of President Roosevelt’s -latest "recovery” scheme. Within the ranks of the Democrats there appears 'to he 'definite opposition to -his gigantic plan for converting the country’s natural resources as a means of distributing human welfare. In a 100,000-w(ords report, a board appointed by the President proposed a six-year programme of public works with expenditure totalling 10,000,000,000 dollars and eliminating the ex-tiava-gance caused by rival Federal, State and -municipal works schemes. Included in the plan are irrigation -and power developments, the annual retirement of 5,000,000 acres of submarginal lan'd-s and the further decentralisation -of industry.

Mr P. Harrison, Government leader in the Senate, to-day characterised Mr Roosevelt’s plan as* the greatest step since the New Deal was first mentioned.

“It is the greatest proposal for long-range development ever written in the world’s history,” he declared-.

CANDADA MAY COPY. REGULATION OF BUSINESS. • lIIGII FINANCE INDICTED. United Tress Assn.—Elec. Tel, Copyright OTTAWA, Dec. 17. That Canada may copy Mr RoosevelL's New Deal was suggested in ,a speech by Mr William He-mdge, Canadian Minister to Washington and a brother-in-law of the Prime Minister, Mr Bennett. i “There is nothing sacred about our economic system, except the welfare of the pe-pole," said- Mr Herridge. Some observers link Iris utterance with Mr Bennett’s own recent statement -cloneerning the probable regulation of Canadian business by Act of Parliament.

Mr Herridge said high finance could not maintain the Idea that it bad 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. No doubt 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. Government boards are busily engaged in working -out marketing schemes for natural products, with price control principles involved.