The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-03-28

nerS and ROOSeVeltlanS Will Oe
granted a large share Of govern
mental power.
Major Walter Elliot, minister
of agriculture, not only offers llp-
service to state-control along
Rooseveltian lines. but has silent
" and effectively placed virtually
the entire structure of Britain's
farm economy on a state-plannlng
basis. Ever since parliament
adopted the agricultural market
ing bill nearly a year ago. Bril-
tain's food supply has been sub
! jected to permanent authority
with dictatorial powers and Elliot
is the driving personality behind
these schemes.
FORECASTS STATE
CONTROL
Major Oliver Stanley, minister
of transport, apparently believes
that a similar development in the
industrial life of the country is
inevitable and desirable. Not long
ago he told British manufacturers
that they are facing conditions
nowadays in which old theories
are no longer valid. Predicting
more government interference in
industry. he tried to placate his
anti-socialistic audience by as
surfing them that government in
tercession should be carried thru
with a minimum of encrOachment
upon the sacrosanct fields of pri-
vate initiative. But this soothing
syrup" did not wash out his fore
cast of state control of industries.
Elliott and Stanley appear to
have a new ally in the financial
secretary to the treasury, Leslie
Hore-Belisha. Like the two for
mer members of the government,
Hore-Belisha, per- onal ~ a
"charmer," young, handsome,
smartly-dressed, incisively intelli-
gent and inclined to be comman-
deering, is looked upon as ris-
ing star in the constellation of
British politics.
Speaking at the Barnsley cham
Der of commerce at the end Of
February, Hore-Belisha asserted
that the guiding principle of Brit
aims new monetary policy sis to
use the monetary system to en-
sure a price level which would re-
store and maintain the full activ-
ity of industry and employment
and to harmonic the burden of
debts and other fixed charges with
economic capacity"
That statement, striking a pc
culiarly Rooseveltian note, SEEM
ed to contrast with the anti
Roosevelt announcements of
Hore-Belsha's chief, Neville
Chamberlain, and to go far be-
yond Chamberlain's rather I'M
dramatic announcement at the
world economic conference that
Britain'S financial policy favored
those old monetary chestnuts, ces-
sation of deflation, cheap credit
and cooperation among the
worlds central banks.
PUBLISHER ENTERS FRAY
To this group. which is causing
strong Rooseveltian winds to blow
both in government chambers and
in the parliamentary lobby, must
| be added the name of Harold Mac
MILAN, conservative member OF
the House of Commons, wealthy
! director of the publishing firm
that bears his name and an out
standing advocate of state plan
ming.
Writing in the London "Morn-
ing Post" the 'than which" of
ultr a-conservatism, Macmillan
roundly condemned the wasteful
anarchy of excessive competition
between British producers" and
proposed the creation of cen
trail economic council to coordi-
nate industrial activities and bring
financial and political policy into
harmony with the nations eco
nomic requirements. While avoid
ing use of the word "code," Mac
MILAN urged formation of nation
al councils for each industry or
group of industries.
With unconscious humor, the
Morning Post" - patiently eager
to offset the iconoclastic views ex-
pressed byl Macmillan on another
page-published an article by its
Washington correspondent in the
same issue, SUGGESTING that Presi-
dent Roosevelt is spending his way
to national disaster. But even less
standpat organs of the British
press have throughout tended to
describe the new deal as a fiasco.
As though such pronouncement
required bravado, the liberal
Manchester Guardian" in an
editorial concentrating the first
wear of Roosevelt's induction into
office, boldly admitted that "the
national recovery act has not
been a failure"
Meanwhile. however, the young
conservatives are continually en-
larging their influence in the gov
eminent and in the coutry. Their
ideas coincide in marked degree
with Roosevelt's and the opera
ton of the recovery program has