The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-11-20
SOUTHEASTERN
STATES PLAN
TO SELL AREA
Richburg Tells Governors
There Will Be No "In.
flation Orgy"
BOARD IS FORMED FOR
COMMERCIAL ADVANCE

COMMERCIAL ADVANCE
WARM SPRINGS, Ga, Nov. 20.
(UP)-The governors Of Virgin
ia. the two Carolinas, Georgia,
Alabama, Tennessee and Florida
today discussed interrelated. state
and federal problems with. Presi.
dent Roosevelt at the little White
House here. ;Ei- ~
The conference was arranged
in connection with the. sessions Of
the Southeastern Development
board at Atlanta, which on Mon
day elected w. States Lee of
Charlotte president and revealed
plans to establish a 100000 fund
to advertise and promote south:
ern industries and resources. -
President Roosevelt, with few
Interruptions, is making consider:
able Roadway on administration
problems, especially the budget
and proposed legislation.
ATLANTA, Nov. ,20.-UP).-
Business leaders Of six states yes
terday organized the Southeastern
Development board and annonnc.
ed campaign to raise $500,000
to advertise and promote the
south's products and resources.
Officers elected were: w.
States Lee Of Charlotte, N. g.,
president; Mayor JohntT. Alsop of
Jacksonville. yice.presfdent;; Jack.
son Matthews of Charlotte, execu,
tive yice-president; GoyeInpt Eue
gene R. Black Of the AtlantA Ftd-
eral Reserve bank, treasurer: I.
Harrison. Jones Of Atlanta, Ga,
John T. Miller of Richmond; Va,
Frank B. Shuts Of Miami, Fa.S;
publisher, Robert Gregg of Birnt
ingham, Ala, Julian Price Of
Greensboro, N. c., and Burnett. r.
Maybank of Charleston, 8. c.,
were named vice-presidents for
their respective states. Y ( T.;
The board passed a resolution
pledging it's "hearty support" TO
resident "to the end that the re-
covery program may be carried on
to a successful fruition." : -
ATLANTA, Ca, Nov. 90, lUPl
Donald r. ;Richberg, one Of the
most powerful figures in the
Roosevelt administration, last
night declared It would be a. "sui-
cidal folly" to abandon the New
Deal now and let nature take "its
ruthless course" -
The government. is prepared,
however, he said, to reduce stead
lily the volume of federal activi-
ties ard expenditures as soon as
private capital displays its will
ingness and ability to- .educe the
load of unemployment. ..-,
Speaking before the meeting Of
the southeastern development
board here, Richberg emphasized
that the administration swung in
to action 20 months ago, not be-
cause of its desire for added pow
err, but because the economic ma
chinery of the raton had collaps-
led. "
He traced the course Of recoy-
cry since President Roosevelt as
sumed office but warned that NIL
lions still were unemployed. The
cooperative efforts Of the gov
eminent not only must be con-
tinued until these millions are re-
stored to their jobs but must be
improved, Richberg said.
"Of all quick remedies" he
said, "the worst that, is offered
to this nation in the cold gray
dawn of recovery from the intox-
icated follies Of 1929 fsf4to get
| drunk again in another orgy of
| initiation" ~'F'7
,, The New Deal hasSs lsid5stke
foundations for a political eco
nomic system wherein private en-
terprises can compete for Mdiyid-
ual profit and at. the ssf6e, time
cooperate to maintsin % proper
balance between the interests of
agriculture, trade, industry, l,hor
and the consumer, Richbef4 Con-
tinued. :
eff the private managers Of
our financial and business .insti-
buttons are ready and Wiling ito
build a new industrial I strnG4rc
upon these foundations, now Is
their opportunity" he said. -.
The administrations policy .pf
encouraging workers to organize,
as reflected in section TIA Of the
MIRA, was defended by Richberg.
He pointed, out agriculture has
been organized for 'co,operatiye
self.help, and trade and Industry
have been provided with means Of
establishing an industrial law, and
order in which "the security of
fair competitive conditions can
replace the insecurity of ruthless
commercial warfareay
All factions-trade. industry,
agriculture, business. and labor
however, Richberg warned rffast
accept restraints placed upon
their collective powers by the I'D
ministration In the interests of
-,nfaok;o, - fI,a v,,,h1so r,,~1fo-1