The Waterbury Democrat., 1931-05-02

this type of solution.
 He was most emphatizc against all forms of government aid and said that industry must solve the prob lem along the old familiar lines of individual initiative as against pa ternalism," in elaborate detail he traced the conflict of economies and politics all over the world, and to this laid much of the present world wide depression. He cited the pres ent high tariff as a result of too much politics and too little eco- monies and said 1t must be adjusted.
 The vocifereus applause that thundereda through the great ball. room of one of Atlantic Citys' big boardwalk hotels at the conclusion n of his speech indicated general ment with his philippic against gov ernment interference with industry in any way, in meeting it's unemploy- ment problem as in handling others.
 The various solutions offered for the unemployment problem here, ranging from company benedt plans to state insurance, and including somewhat vague proposals for a cen tral body which would coordinate production activities, received close attention and, in some cases, sympa- thy. The business men did not shut their eyes to the one problem that sticks out ak around them and for which some speakers frankly blam- ed them, but they were not ready to accept any of them. The ultimate effect of all the talk and discussion here seems to be that a leavening influence has been set to work which may die away at the first blush ot returning prosperity as far as indus try in general is concerned, but may be effective enough to prepare some few for the next depression as a very few were prepard for this.
 The most effective warning seem ed to be that of several advocates of unemployment benefit plans who told the business men that unless they do something themselves they are bound to have state unemploy- .nent insurance laws, framed by others, forced upon them.
 {. Barnes discussed the proposal for creation of a central body for stabil- ization of production and employ ment, but said this was something that could not come now, but might be necessary in the future-a rather distant future, he hinted.
 The chamber completely ignored the wage cut controversy that rolled up to it's very doors and was the subject. of talk in the corridors of the auditorium where the meeting was held and in the hotel lobbies between sessions.
 The chamber seemed to be timid about taking, a positive stand on many of the issues discussed in the 25 resolutions adopted, except for a strong declaration. against a tax in- crease, against government inter- ference with business and on some relatively important matters.
 Revision of the antitrust laws was urged by several speakers who are intimately familiar with the sub- tect, but the chamber merely recom- mended that, if the board of, direc- tors approved, ai study be made oi the various proposals submitted.
 As regards the threat of Soviet Russian Humping" which some business men here seemed to take very seriously, the chamber recom- mended that if present provisions of the tariff laws were not effective congress enact others. 3s1
 The chamber, shied completely away from the tariff, though an oc- caSional speaker was bold enough to hint that the Hawley-Smoot rates might be too high. It did urge a study of the depressed silver mar ket by a special committee. but took no position on tf.e proposal for an