HELP FROM INDUSTRY
MR ROOSEVELT’B PLANS (From a Correspondent) WASHINGTON, December 2 President Roosevelt’s first effort to enlist the help of private Industry and of publio utilities In reviving business has succeeded. Mr Floyd Carlisle, chairman of Consolidated Edison, plans to spend £25,000,000 in the next two years on new works. This deolsion was made after several conferences with the President. Mr ■Carlisle said that these talks had lessened the fear of Government competition. President Roosevelt believes that stimulation of construction works is the primary step toward general recovery. Mr Henry Ford, interviewed at Detroit, said that the present business depression was temporary and artificial and that no one need regard 1938 with fear. The present pause •was not a setback, but merely a pause before another climb. It was due partly to uncertainty regarding political interference and partly to the Wall Street decline, which would have no permanent effect on business.
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Waikato Times, Volume 121, Issue 20388, 31 December 1937, Page 7
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152HELP FROM INDUSTRY Waikato Times, Volume 121, Issue 20388, 31 December 1937, Page 7
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