The daily worker., 1934-12-07
Industry Congress Ends
with Pledge of Aid
From New Deal
BY Milton Howard

NEW YORK.--A program Of six
points for the second phase of re-
covery" which in substance grants
Wall Street industrial monopoly
every single demand which it has
made to Roosevelt in the recent
period, was presented yesterday by
Secretary of Commerce Roper to the
Congress of Industry at the Wal
dorf-Astoris Hotel which has
brought together more than 1900
of the country's most powerful in
dustrialists to plan the greatest
anti-lsbor drive since the war.
The convention thus closed after
four days of deliberation and plan
ming with complete agreement
between the Roosevelt government
and industrial monopoly on a pro-
gram of action for the coming
months.
Following Donald R. Richberg,
Roosevelt's personal agent on the
NR.A. Emergency Council. who on
Wednesday evening pledged the as
sembled industrialists that they had
nothing to fear from government
interference" in their new offensive
for profit, Roper yesterday reaf-
firmed this position in his proposed
six points.
Roper Cites Profits
Boosting that the first phase Of
recovery had brought q 200 per
cent increase in profit for five hum
dred leading Wall Street corpora
tions, Roper declared that Roosevelt
is now entering on the second
phase of recovery" with greater
insistence on closer cooperation"
between government and business.
Eoper's six points which he pre-
sented as the immediate, major OBJ
iectives of the Roosevelt New Deal
in its second phase of closer Co
operation between government and
business" are as follows:
81. Restore as rapidly as pos
sible the return of relief respon-
sibilities and administration to
States and localities in order to
relieve the federal government Of
its large relief expenditures.
"2. Planning of a sound public
works program that will provide
worth while projects of general
utility, where such aid is most
needed, without conflicting with
private investment and private in-
dustry.
SO. Devising of practical plan
for unemployment reserves which
will bring spirit of greater as
surance and safety to employees
without penalizing business prog
reSs.
"a. Opening of foreign markets
to secure more extensive ex-
change of goods.
"5. Preparation for Congress Of
suggestions and recommendations
looking to the preservation Of
those features in the National Re-
covery Administration which have
proved workable and successful
and the elimination of those
which have not. This must in
cIude the readjustment of code
operations in the light of expert
ence and administration so as to
safeguard equitable treatment for
all business and industry, large
and small.
"6. e-employment of capital
is just as significant as a vital re-
covery asset as the complement
of labor, and business must seek
every means possible to release
and re-employ capital"
Aside from minor differences this
program of Roper is the same as the
Program for Recovery proposals
which the convention will have
adopted by this morning. Thus the
Roosevelt government and the lead-
ing Wall Street industrial monopo-
lies have now entered into an open
agreement to wage a joint reaction
airy offensive in new campaign
for profits in the face of an inten-
styling crisis.
Pledges Relief Slashes
Roper pledged to the assembled
capitalists that their wishes for re-
duced relief appropriations will be
met, stating,
THE Federal Government is
following the policy of tapering
off expenditures Just as rapidly az
possible, and will levy taxes to
Continued on Poge ~