The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-11-17
By ARTHUR F. DEGREVE
United Press Staff Correspondent

WASHINGTON, Nov. II. (UP)
Business and industry moved last
night to throw their powerful sup
port behind the New Deal.
A few hours after the board Of
directors Of the u. S. Chamber
Of Commerce had heard its fl
nance committee report that there
were little hopes of balancing the
budget during the next fiscal
year, they adopted a resolution
pledging to cooperate with othe"
organizations to hasten recovery.
The resolution was brought out
of a committee headed by Silas H.
Strawn, former president of the
chamber. Chicago attorney and
the man who directed the raising
of 100000 in the midwest for
the campaign of Herbert Hoover.
"The recent election proved
conclusively that the people Of
this country overwhelmingly sup
port President Roosevelt" Strawn
said in explaining the resolution
to group of newspaper core
spondents shortly after it had
been approved.
The resolution noted that since
the last meeting of the board Of
directors there has been evidence
of a growing determination by
business, industry and agriculture
to cooperate in every possible
manner with the administration.
In addition, it was stated, ut
terances by President Roosevelt
encourage the belief that he is
fully conscious of this attitude
and that he is receptive of sug-
gestions for the promotion of the
common welfare"
These utterances, spokesman
for the chamber said, included Mr..
Roosevelt's message to the Ameri-
can Bankers association in which
he promised to withdraw the gov.
eminent from lending activities as
soon as private capital proved its
willingness and ability to func-
ton. His message to social work
ers Wednesday night that there
can be no security for the individ-
ual in the midst of general eco
nomic insecurity, also was heart
ening to the industrialists, it was
stated.
"The chamber pledges itself to
cooperate to the fullest with all
other organizations in an endea-
vor to reach a common agreement
upon a program which will be fair
and just to all and which will ac-
celerate the efforts toward re-
covery," the resolution said.
President Henry I. Hartman
was authorized to appoint commit
tees to meet with groups from va
rious manufacturers associations,
farm organizations and similar
factions. The chamber commit
tees, it was stated, also will meet
with representatives of organized
labor if such conferences can be
arranged. IL
Officials Of the chamber made
no secret Of the fact that they
would move swiftly in an attempt
to unite the various interests be-
hind fair program in articipa-
tion Of the threatened swing to
the left by the approaching con-
gress.
The action of the chamber to-
day marked the second important
break in the ranks of the anti
New Dealers. The American Bank
ers' association in convention
here two weeks ago took action
toward increased cooperation with
the administration.
Aecognizing that difficulties
stand in the way of securing a
balance in the budget in the true
sense in the mex fiscal year." the
chamber of commerce finance
committee nevertheless insisted
that the government move to con-
solidate it's financial position at
the earliest possible date.
Otherwise, it was stated, fed
eral securities will stagnate, in
terest rates and other expenses
will increase and deficits will
mount until the government, un-
able to finance itself by normal
methods, must resort to the last
desperate expedient of printing
paper money to pay expenses.