The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1934-10-09
R|CHBERG DECLARES
new DEAL SPENDING
AVERTED DISASTER
AssaiIs Critics Of Administra.
ton Expenditures as
Short Sighted

oNOTtsSVQ0leu
Chicago, Oct. o.-(P)-Donald r.
Richberg said Tuesday that II the
government yielded to destructive po-
litical clamors" for immediate bal
ancing Of the budget the country
would plunge into national disaster"
Declaring New Deal expenditures
and measures have saved the nation
from revolution" President Roose-
velt's chief policy adviser also struck
at "dodo- economists" for attacks on
MIRA.
In q speech prepared for delivery
before the Rotary club, he discussed
campaign issues. He set boost In
employment as q goal Of NRA and
gave new assurance to business that
no hasty, blanket changes are planned
in that recovery unit.
The budget should be balanced at
the earliest possible moment" Rich
berg said, but sweeping demands for
drastic slashing Of expenditures and
immediate balancing, in the face Of
relief needs 'are the product either Of
gross ignorance or the greatest form OF
political demagoguism."
Burden Will BE Less
Thanks to the constructive meas
ures which have helped to revive pri-
vate business he said, "the burden Of
federal relief this winter. despite an
unprecedented load of drouth relief,
should be far less than last winter.
But who is the man who dares to
stand before the American people and
declare that We should not have
saved millions Of people from destitu-
ton, suffering and actual starvation
last winter, and that in the face Of
this demand for help we should have
cut expenses and balanced the bud
get?
Communists cannot produce a rev.
olution in this country. but a blind,
reactionary. inhumane government
could breed q revolt In 30 days by
adopting such program"
Touching on monetary policy, he
said the Roosevelt dollar "by all tests
Of stable purchasing power should be
regarded as exceptionally sound"
He said the administration is de-
dicated heart and soul to the pre-
servation Of our ancient political IL
berties and to the maintenance OF .
political economic system Of compe-
titive individualism, civilized by Z So
cial conscience"
Assails Own Critics
As for his own critics, Richberg as
serted 1t made him writhe ito see
myself cartooned carrying q red flag
and to see myself described as So
cialist when have q consistent rec
ord Of having all my life bitterly OPP
posed the theories and programs OF
state Socialism"
'Richberg's speech, which was
broadcast, devoted particular atten-
ton to price and production control
phases Of NRA codes.
Let me now express most emplla-
tically my opinion that no one who
has any adequate knowledge of this
problem would venture to lay down
any formula or principle to be ap-
piled rigtdly In the making Of revi-
sion Of all codes. It would be q ma
jor calamity to abandon the efforts
which, although only partially sue
cessful, have brought better order
and health to certain industries. !. :.
These gains must not be lost. But
their preservation Is In some cases
AAvAMAAAAk k1NA vSa0&vakA~aoNA ~
controls to which many business men
are sincerely opposed and upon which
the public looks generally with su-
spicion and frequently with positive
hostility. In my opinion much Of
this suspicion and hostility can be
dispelled II two principles are made
effective.
Upholds Fair Competition
First, there should be clear line
drawn between the right Of business
men to associate freely for the pre-
servation of fair competition and the
illegality Of associations for the pur-
pose Of preventing or restricting fair
competition.
THE second principle which I be-
lieve should be made effective Is this:
whenever In order to conserve neu-
tral resources, or to maintain decent
wages and hours and to protect . fair
return on investments or to prevent
clearly unfair competition, 1t Is found
necessary to exert any restraints up
on volume Of production or price COM
petition, two safeguards should be
employed. The first IS formulation
ana administration Of such code pro-
visions by those truly representative
d large majority Of the volume Of
business and Of the number Of separ-
Ite enterprises engaged therein. The
second is close and detailed super
vision Of the process Of self-regula-
ton by competent and impartial rep
,esentatives Of the public