The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-16
new DEAL To
ACT AS GUIDE,
RICHBERG SAYS
Individual Initiative Not to
Be Disturbed, Murat
Audience TOId.

A theory OF government which
guides industry, and at the same
time allows individual initiative.
was explained last night to a high
~ attentive audience OF business
men by Donald r. Richberg. close
advisor TO the President. and execu-
tive director Of the national emery
ency council.
Admission 20 the MUrat theater.
where the meeting was held, was
BY tickets distributed by the In
dianapolis Chamber of Commerce.
Business men and industrialists,
eager to learn what their fate will
be under future New Deal policies.
overfowed the theater and listened
gravely to the noted speaker.
Arriving in the city at noon, Mr..
Richberg conferred with local civic
and relief leaders. played golf at
the BroadmoOr Country Club in the
afternoon as the guest Of Louis J.
Borinstein, Chamber OF Commerce
president. and was the honor guest
at a dinner given by chamber direc-
tors in the indianapolis Athletic
Club preceding the Murat meeting
Continuing Adjustments
The NRA chief. forceful and
pleasant personality, allayed fears
that the government would turn TO
Socialism or Communism by ex-
pressing the belief that neither form
Of government was adequate for the
United States.
Instead, Mr.. Richberg, whose poll
cies are said by political observers
10 be strictly in line with those of
President Roosevelt, advocated a
benevolent and paternalistic form of
government, a guardianship of in
dustry, commerce and agricultural
through various government agen-
cies.
The speaker pictured the eco
nOmic world as a continual adjust
ment between the manufacturer, the
consumer and the labOrer and said
that the government should be more
than an umpire in such conflicts.
The freedom, which We all crave,
must be guaranteed today-not by
letting people alone-but by making
sure that they are so organized for
cooperative action that the con-
tinuOus interchange of necessary
products and services Will not break
down and leave hosts of people
theoretically free, but practically
deprived of freedom to earn a living,
and left with only what may be
called in bitter irony, the liberty to
starve," Mr.. Richberg declared.
Necessity of Restraints
Coming a phrase, Mr.. Richberg
said, We are not going back to the
'FollieS of 1929 The alternatives
should be clearly presented to
American business. Individual free |
dom, the exercise of private initia-
tive and the incentive of private |
profit can be preserved so long as a
fair competitive system is main
tanned.
But when restraints are found |
necessary-not upon unfair compe- |
tition-but upon a fair competition |
in producing as much as the mar
ket will absorb at the lowest prices
which encourage production, then
such restraints can only be imposed,
if at all, in the full light of pub
lie knowledge and under the con-
tinuing supervision and function of
thoeS officially charged with pro-
lection and public interest"
Hitting at those who attack the |
government recovery program as
unconstitutional in some respects, |
the speaker said:
Small Talk Discounted
ITO me it is utterly unimportant |
to argue the merits or necessities of !
every action taken, every device en-
ployed or every federal agency Gre
ated in the spring of 1888.
The decisive fact is that We came
out of the depths of the depression