Evening star., 1934-03-05
PRESIDENT URGES
INCREASE IN Jobs
Leaders in Industry Hear
New Deal Proclaimed
Permanent.
Continued From First Page.)

in this country q year ago and those
of today. He read to the huge audi
ence, In corroboration Of his asser-
ton that conditions had improved,
telegram from Francis M. Law, presi.
dent of the American Bankers Asso-
citation. In this telegram Mr.. Law
said to the President:
"On this your first anniversary
please allow me in behalf of the
country's banks to express our full
confidence and our sincere desire to
cooperate In your courageous efforts
to bring about recovery-the banking
structure Of the country is sound and
LIQUID and banks have never been in
stronger position to function efiec-
lively"
As he concluded reading the tele-
gram from Mr.. Law. the President
interpolated a sentence not in his pre-
pared address.
And If the banks, my friends,
come along, we will have the three
great elements in American life work.
ing together, industry agriculture and
the banks, and then we can't stop
it (recovery)."
Applause Frequent
Think back exactly one year ago."
the President said in conclusion,
you know where the banks stood at
that time, you know where your own
business stood. That telegram is a
living illustration Of the progress we
have made. Let US consolidate our
gains and let us resolve that that
consolidation shall be for the con-
tinued progress and especially for the
better happiness and well being Of the
American people"
The great auditorium was crowded
with $500 leaders of 600 organized
industries. representing by employ
ment more than 90 per cent Of the
industrial field which is covered by
the N. r. A. The Presidents state
ment was heard with the most in
tense interest by these representa-
tives Of industry and the code author
ity. Frequently his address was
punctuated by applause from the au-
dience. The President was given a
great ovation when he entered to
greet the delegates to the conference
and at the conclusion Of his address.
With approximately 5000 delegates
to the conference registered. 1t was
impossible to admit them all as the
guests of the conference to Constitu-
ton Hall and an overflow meeting was
arranged In Memorial Continental
Hall The Secretary Of Labor. Frances
Perkins, addressed the delegates in
Constitution Hall at 2 o'clock.
Higher Wages Needed.
In discussing the need for immediate
and greater employment OF labor at
purchasing wages" the President
said: Every examination make and
all the information I receive lead me
to the inescapable conclusion that We
must now consider immediate CO.
operation to secure increase in wages
and shortening In hours. am conf
dent that your deliberations will lead
you also to this conclusion.
Production in hours coupled with
a decrease in weekly wages will do no
good at all, for 1t amounts merely to
q forced contribution to unemploy-
ment relief by the class least able to
bear It,"
The President warned industry that
the Government cannot forever con-
tinue to absorb the burden OF un-
employment. The thing, he said. to
do now is to get more people to work.
Your self-governing groups" he
continued, ARE not here to devise
ingenious plans to circumvent the
purposes Of the act. You are here in
patriotic spirit to effect these pur-
poses"
Referring to the members Of the
code authorities as your industrial
brothers keeper" the President said
that the code authorities must give
special attention to the small indus
trial brother" He said that every
safeguard must be set up against the