The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1933-05-18

mittee of congress
Sen. Wagner sional and indus
.r,al leaders headed by Senator
wagner of New York. Some mem
hers of the so-called "brain trust"
also had a part in its formulation.
The bill provides for full govern
ment control of industries through
: federal board that would closely
resemble the war industries board
AZ 1918. AS summarized by one
washington correspondent, 1t pro-
noses to set aside the antitrust
laws the federal trade commission
act. and the Clayton act; empowers
the national board to designate any
Industry as one affected with q
public interest; permits price fixing
directly and wage regulation indi-
rectly under government superV1-
sion, and provides for the self-or-
vanization Of industry through
trade associations.
The major features of this bill
have been approved by the National
Association Of Manufacturers and
by President 81. /. Hartman and
other officers of the Chamber of
Commerce of the United States. 1t
vas said that If Mr.. Roosevelt liked
It, the measure might be offered to
congress as substitute for Secre-
tary of Labor Perkins bill estab-
fishing the 30-hour week and bu-
feaucratic control over production
and wage scales Of industry. Or 1t
might be combined with the Per-
kins bill, which was meeting with
such decided opposition in the house
Of representatives that the admin
istration leaders seemed ready to
abandon hope of its passage during
this session.
This industry bill sets up board
consisting Of seven members head
ed by the secretaries of commerce
and labor. The others are to be
spokesman for commerce, finance,
labor, agriculture, and the public.
The plan sanctions the formation
pf industrial and trade associations
which shall work with the national
board to correlate production with
demand, establish prices of COM
modities at fair levels, and stabil-
lie markets. Each trade associa-
ton will have on it's governing
board representative of the SUI
preme body of seven.
Loans but not subsidies are pro-
vided for private industry; higher
price levels would be sanctioned;
and cut-throat competition and un-
regulated price cutting would be
eliminated. Instead of fixing wages
and hours of labor, the national
board will permit them to be pro-
sided BY collective action of each
industry. Since the veto power on
any wage and hour arrangement
VIII rest with the board, it is not
proposed that any industry will be
permitted to get out of line in these
respects.
Secretary Perkins was understood
% be opposed to this proposed
measure.
WHILE the NationalR ecoyery act
was still under consideration
IN the White House, the President
~ brief message to congress asked
immediate passage of a bill which
ne hopes will rescue the railroads
rom their desperate situation. It
provides for a federal dictatorship
unuer a "co-ordinator of trans
portatlon' whose function it would
De TO eliminate duplication of sery-
ices and wasteful methods of ,op-
s,atlon and to bring about finan-
.iai organizations. This author
NY is asked for one year, though pro-
vision is made for extension of the
period by the President.
Inc President also recommended
piaeing railway holding companies
uhuer the jurisdiction of the inter-
s.ale commerce commission, repeal
~ .ne reeapture clause of the trans
portation act whereby half Of excess
.afnings go to the government, lib
siaiizing the basis of rate making
snd modifying valuation require
e. During the period of emer-
sency control the railroads would be
Immune from prosecution for viola
sioa OF the antitrust laws.
rams were laid to hurry the
-easure through congress, and there
SEEMS to be little opposition among
s''ner Republicans or Democrats.
NJ ROOSEVELT, addressing the
Chamber of Commerce of the
limited States at its annual dinner.
sOugnt to dissipate the fears of bust.
his, Ss men, that he was trying to
ing about a bureaucratic control
y INDUSTRY, intimating that this
'oio not come about if industry