The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-12-07
WAY IS PAVED
TO COOPERATE
FOR RECOVERY
Business, Industry Form
Plan to Work With
Administration
RECOVERY BEFORE
REFORM, OBJECTIVE

NEW YORK, Dec. 7.-(UP)-
A united front of business and in
dustry to cooperate with the gov
eminent for recovery became pos
sible last night. .......
The Congress of American In
dustry, meeting under auspices of
the American Association of Man.
ufacturers, voted to appoint a
committee to act jointly with a
similar committee appointed by
the United States Chamber of
Commerce to work out details.
This action aligns the two larg-
est organizations of industry and
commerce with the administration
program for conservative restora-
ton of business as outlined by
President Roosevelt's spokesman
at the two conventions.
A statement issued by the man.
ufacturers said:
"a program of recovery upon
which all business elements of the
country may unite and cooperate
with the government is of utmost
Importance.
Therefore be it resolved that
the president of the National AS
ISOLATION of Manufacturers be re-
quested to appoint a committee to
act jointly with similar commit
tee appointed by the United States
Chamber of Commerce in calling
for a meeting for development of
a program not inconsistent with
the principles of the resolutions
this day approved.
at is recommended that these
committees jointly invite other
representative business men to
constitute larger committee to
formulate such a program"
The congress adopted a "road
to recovery" program which puts
recovery ahead of reform and
minimizes the benefits of national
economic planning or centralized
control over business, commerce,
finance, labor and agriculture.
Highlights of the program:
NATIONAL ECONOMIC
PLANNING AND PUBLIC
ADMINISTRATION
xxxGovernment should be the
servant of its free citizens, not
their master. xxxControl over our
destinies by national economic
planning will not lead to real re-
covery.
Avoid policies which tend to
centralize control. xxXMaintain
the constitutional relationship be-
tween legislative, executive and
judicial power. xxx Traditional
rights of review.
PUBLIC FINA nee
xxxRecovery cannot be achiev-
edxxxby piling deficit on deficit.
Balance the federal budget by the
adoption of policies which stimu-
late business. xxx Permit cutting
public expenses to fit reasonable
taxes. Federal relief should be
used only to the extent that state
and local resources are made
quate. Reject immediate payment
of bonus.
MONEY, BANKING AND
PRIVATE CREDIT
Encourage savings and invest
ment and do not hamper their le-
ultimate use. Protect our banking
system from all possibility of po-
litical control over private credit.
The government should return as
soon as practicable to a standard
dollar defined by a definite gold
content. The government should
also undertake sterilization of ex-
ternal exchange by agreement
with other nations as conditions
warrant. Frazier-Lemke Act xxx
should be repealed.
EMPLOYMENT RELATIONS
AND INDUSTRIAL
DISPUTES
The federal government should
not assume or attempt to control
local relationships between en-
ployes and employers.
[ Sympathetic or general strikes
xxxshould be prohibited.
SOCIAL SECURITY
Unemployment in gainful pro-
ductive enterprise is the only
sound way to solve unemployment
problems.x xxPrivate funds should
be the first resource.xxxIt is folly
to continue relief so extravagant
that it undermines the morale of
those who receive it.xxxWe rec
ommend the CCC as now consti-
tuted as an example of successful
relief.
UNEMPLOYMENT
INSURANCE
We recommend appointment by
the President of a commissioners
future relations of government to
industry. xxx Every legislative act
which undertakes to improve the
well-being of the wage Garner
should recognize and encourage
the operation of essential forces
of American business.
MIRA