The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-11-15
NRA ATTACKS
AROUSE U. s.
BUSINESS MEN
Leaders, in National Cau-
Gus, Plead for Friendly
Cooperation.
FEAR SUBSTITUTE PLAN
InduStriaIiSts Urge Chance
for Corrections to
Be Made.

BIZ ScrDDs-HOUdfd AeH9pGper 4Ht1nce
NEW YORK, Nov. 15.-Some of
the countrys leading industrialists
are alarmed by recent attacks on
MIRA, fearing that any substitute
plan will take the country farther
toward the left.
Without dissenting voice they &C
cept the principle of economic
planning. They no longer are
alarmed by unemployment insur-
snce They are anxious to avoid
wage increases and further shorten
ing Of work hours under MIRA codes.
The annual meeting of the
Academy of Political Science just
concluded here, disclosed these
points of view. Business men and
British and American economists
took part in its discussions which,
occurring during the turmoil of New
York's election, attracted little COM
ment.
500 Attend Meeting
Owen D. Young, Walter Teagle
and Gerard Swope presided over
academy sessions, and 500 business
celebrities and professors, including
Thomas w. Lamont, John d. Rookie
Teller III, Winthrop Aldrich, Charles
Mitchell, Henry P. Dawson and
Anne Morgan gathered at the an
nual banquet.
Mr.. Teagle and Henry I. Harri-
man, president of the United States
Chamber of Commerce, both warned
that attempts to destroy NRA are
i'll advised at this time.
mo one can foretelI the result
of our adventure into the socializa-
ton of business" said Mr.. Teagle,
but we're on one-way street and
we can not turn back. We can
modify policies, and undoubtedly
Dumpty of 1929 has been pushed
off the wall and all the kings horses
and all the kings men can't put him
together again.
Must Regulate Affairs
IF we are to have recovery it is
not enough for the doctor to pre-
scribe The patient must take its
medicine and make real effort to
get we'll"
Business must learn to regulate
its own affairs if government inter
ference is to be restrained he
warned, and a more equitable dis
tribution of the rewards of industry
must be made
Mr.. Hartman likewise told his
fellow industrialists that this is no
time to say the recovery acts are
going to blow up" and urged friend
ly support for them until correc-
tions which he believes necessary
are made.
These expressions followed a
warning from Donald R. Richberg,
general counsel of NRA, that en-
ployers who fight collective bargain
ing are the best allies of Commun-
ism in this country and are driving
workers ito the ballot box or to
even more direct means of using
political power, not merely to con-
troll but to destroy. the economic
power with which they are being
repreSsed"
Seek to Avoid Socialism
NRA, instead of being an at
tempted dictatorship, is an effort to
avoid in this country the various
forms OF state socialism which have
followed resistance to the develop
ment Of new economic controls in
other countries, Mr.. Richberg told
the academy
ON this continent where our an
ceStorS devised new variety of 20
Itical government, We may have the
courage and vision to develop a new
variety of industrial self govern
ment," he said.
The tories and the ultra radicals
within our borders will do their
best to make our efforts fail
Perhaps there is no halfway house.
Extremists always can produce logi-
cal arguments to which the prirci-
pal '1swer is that life is not logical.
but eternal compromise between
utterly oposing forces.
1t is my personal belief that
there is halfway house-a house
of democratic cooperation and
Self-diScipline-which lies between
the anarchy of irresponsible indi-
vidualiSm and the tyranny of state
socialism"
Government Vision Outlined
Gerard Swope laid a new version
to his recent plan for business self
government before the academy.
This time he included national
economic planning by a council on
which government, the public. labor.
commerce, industry. agriculture.
transportation and finance should
have representatives. These are ~
groups selected by Senator Robert
M. La Toilette Jr., for representa-
ton on the economic council he
proposed two years ago. Mr.. Swope
did not, however. alter his proposal
for trade association self govern
ment
Commerce Secretary Daniel c.
Roper. speaking with enthusiasm of
the meeting at which the Swope
plan first was presented, urged that
No one will contend that industrial
government means all regula-
tory control by the federal govern
ment should be removed. There is
no important unit OF business that
would desire this extreme"
NRA's theory of raising wages to
increase purchasing power and en-
ployment was attacked during the
discussion by Sir William H. Bever-
idge. director of the London School
of Economics, as the United States
pet delusion." Actually, he said.
recovery is being made harder in
this country by payment of wages
which do not reflect the law of
supply and demand in the labor
market"
OF the 1910 persons concerned in
miscellaneous flying accidents in the
GrSt half Of 1912 nsn rr.an-oa -. =.