The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-10-01
LABOR BACKS ROOSEVELT
INDUSTRIAL PEACE MOVE
Three Way Contract to End
Strikes Proposed in
FireSide Chat.
CRITICS ARE ANSWERED
Jobs for JobIeSS and Fair
Profit System Is
Promised.
By United Press

w AOIlI1NG lO4N, OCI. L.
President Roosevelt today re-
assured the nation concerning
the permanency of the New
Deal, pledged a fair profit sys-
tenn for business, and pro-
posed a truce to end the bick-
ering of capital and labor.
In the most important of his ia
NOUS messages to the people since
the banking collapse of last year.
he foresaw a future prosperity solid
ly built upon a sound foundation.
Admitting frankly that there may
have been some imperfections in his
battle against the depression, he
pledged himself to lead the coun-
try under a banner of liberty to
greater freedom and greater Sc
curity for the average man.
He accused his critics of coming
out of their storm cellars and for
getting that there ever had been
storm, gave his word that the adj
ministration would redouble its eff
forts to find jobs for the jobless and
compared this country's recovery
program to that of Great Britain.
The President ignored demands
that he promise to make no more
governmental experiments. He in
itiated instead what may become
one of the most far-reaching ex-
periments of an-the end OF strife.
strikes and lockouts through
three-way contract between himself.
industry and labor.
In making this unprecedented
proposal from the White House last
night, the President said he would
confer this month with labor lead
ers and industrialists, seeking their
cooperation in establishing a spe-
cific trial period for industrial peace.
Pledges Fair Private Profit
His proposal for a trial strike
truce today brought quick 1ndorse-
ment from organized labor. But
Wall Street was disappointed in the
speech as a whole and big business
may not find in it the message OF
confidence it desires.
Mr.. Roosevelt pledged a fair
private profit system and promised
that the New Deal would move Tor
ward to a permanent basis. He
scoffed at his more timid critics and
said the administration would not
| be frightened by reactionary lawyers
or political editors.
President William A. Green Of the
American Federation of Labor saw
in Mr.. Roosevelt's speech assurance
that the right of collective bargain
ing would be maintained for work.
ers. In San Francisco, where the
A. F. of l.. meets today in annual
convention he called the strike truce
proposal pertinent. timely and APP
propriate."
Wall Street called the strike pro-
posal a favorable development in
administration policy. But the
fnanciers remarked the absence in
Mr.. Roosevelts speech of any as
surance that the budget would be
balanced or that monetary expert
mentation would cease.
Some bankers challenged Mr..
Roosevelt's statement that business
profits were raised to substantial
level And there was denial that
capital was more secure now than
before. The financial judgment APP
peared to be that the uncertain
status of the dollar combined with
the danger Of further imitation made
investing at this time more hazard
Gus that at any period in the recent
past.
Peace Proposal Outlined
His strike truce proposal, coincid-
ing significantly with the American
Federation of Labor convention in
San Francisco, said that Mr.. RooSe-
welt would seek:
Assurances of the making and
maintenance of agreements, which
can be mutually relied upon, under
which wages, hours and working
conditions may be determined and
any later adjustments shall be made
either by agreement, or in case Of
disagreement, through the media
ton of state or federal agencies"
The President said he would not
ask either side to lay aside per-
manently the weapons common TO
industrial warfare, but that:
Il shall ask both groups to give
a fair trial TO peaceful methods Of
adjusting their conflicts of opinion
and interest and to experiment for
a reasonable time with measures
suitable to civilize our industrial
civilization"
Mr.. Roosevelt's address was
couch in simple phrase. It bristled
with contempt for do-nothing
critics, promised continued fight
on the part of the chief executive
for a more abundant life for Amer
leans and centered upon this note
of optimism:
Bringing Order From Chaos
Il am happy to report that after
years of uncertainty, eliminating IN
the collapse of the spring of 1888, we
are bringing order out of the old
chaos with greater certainty Of
the employment of labor at rea-
sonable wage and of more business
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