The Daily Alaska empire., 1933-05-22
INDUSTRY APPROVES PRESIDENTS
 PLANS.

The principles if not the details, of President Roosevets plan for Government supervision Of industry to eliminate ruthless competition, staolze wages and bring about restoration of the nation industrial establishment to the level of the Middle Twentes have already been approved by the country industrial captains. This action was taken at the annual meeting in Washington, D G. early this month of the United States Chamber of Commerce which is generally acknowledged to represent Am erican industry Unanimously that body adopted a resolution specifically endorsing the proposal for a program of supervision of industry by the Gov ernment.
 Before it had taken that action it had heard the President in a brief address outline the aims of the Adplinistraton and ask for the cooperation of industry to end the unfair methods of compet- tion in many places methods of cut-throat prices, methods that have led to large measure of general chaos" and to translate solcitude for the welfare of particular units of industry into solicitude for the welfare of industry whole.
 The National Chamber before concluding its ses- sions adopted the following resolution:
 Those who are best equipped to solve the
 problems of industry are those who them
 selves engaged in industry. They can
 provide measures which shaped to the
 conditions in each of the parts of our
 highly complex industrial system as to
 afford results beneficial to the public inter-
 est and avoid consequences that would follow
 endeavors from outside to apply arbitrary
 rules and that would bring widespread detri-
 ments, public and private.
 For common action that is timely our
 industries have trade associations through
 which they can act quickly, which they
 can adapt for action Each trade asso-
 citation representative of its industry or
 branch, in accordance with it's conditions
 and in conference with the appropriate
 agency of the Government, should be per
 init t0 ia
 trial production and distribution, to improve
 the status of labor the industries of the
 nation, and the public welfare
 Federal legislation affording opportunity
 for this form of self-regulation under Gov
 ernment supervision would produce condi-
 tions which would fair competitive
 opportunity to each enterprise and permit
 immediate increase in employment, raise
 earnings and free the public from the
 burdens and detriments it inevitably suffers
 from the results of destructive competition
 on the part of the least responsible industrial
 elements All enterprise could be held to
 standards of fair competition properly de-
 termned
 This represents a materially changed attitude or the part of industry toward the Government. IT the recent past it has been insistent in its demands that there be less government in business Now it il asking for a more comprehensive regulation O. business The change undoubtedly comes from thu logic of the facts of present day economic life
 There is nothing essentially radical in the genera program thus favored by the National Chamber o Commerce. President Roosevelt has made it yer. clear that no dictatorship business is con templated but rather a cooperation or partnership between business and the Government to provide al effect method of sef-reguation for business. Trad associations, already organized but prevented iron making agreements wages or prices or production by the antitrust laws, are to be the means Q from thar pracp inhibitons the trade associations may prove a effective device to restore business and manuacturn activities