Evening star., 1934-05-04
c. OF c. ADJOURNS;
LACKS n. R. A. VOTE
Session Expresses Views
on Tariff, Silver and
Other Questions.
(Continued From First Page.)

year.
Secretary Wallace told the group
this morning that sooner or later
the Nation may have to engage in
more distasteful control of agricul-
ture if certain other laws, such as the
tariff, are not changed. He said that
Just as there are rules of the game
in agriculture there must be rules
throughout the economic system.
1T is also essential" he added,
devised from the short time law of
supply and demand, but rather on
the long time law.
Aware of Evils.
81 think we in agriculture are
being most faithful to that law, and
we know it Is wrong to tamper with
that law on a short time basis simply
TO get off hot spot.
1--WE must have something that fits
together to make sense. Business
men should not shape their conduct
to bring about an undue curtailment
of industrial production. A much
greater demand for industrial goods
exists than has been taken ad-
vantage of.
II would offer the suggestion that
the leaders of men in industry must
cooperate with agriculture and labor
to see what can be done with safety
along these lines"
The White House message, which
called for loyalty and continued sup
port" and voiced the determination
of the administration to continue its
unceaSing efforts to stimulate employ
ment, increase American values and
bring about a more wholesome con-
dition," was interpreted as an answer
to criticism directed at various of its
policies, that has marked the three
day session of business men from all
parts of the country.
Message Applauded.
1t was received with applause by the
assembly which a little while pre-
viously had rendered an ovation to
Representative Smell of New York,
House minority leader, who with other
distinguished guests, was introduced
from the floor.
The text of the message follows:
w III yOu plCdSc COllVcJ W lIlS
members of the Chamber of Com
merce Of the United States my very
cordial greetings.
Since your last session, widespread
and significant improvement in our
economic life has taken place In the
main, American business men have
co-operated patriotically. I hope that
increasingly intelligent cooperation
between the Federal Government and
the commercial interests of the coun-
try will stimulate the progress of our
recovery.
Congress has been and is doing its
part and, within the next few weeks,
there Is every probability that the leg
islative program for this session will
be definitely completed.
The Federal Government will con-
tinue its unceasing efforts to stimulate
employment, increase American values
and bring about more wholesome
condition. Private business can and
must take up the slack.
Your membership largely repre-
sents those interests which from mo-
tives of self interest as well as good
citizenship have leading role to play
Warns Against Complaints.
"The people as whole will be i'm
patient of those who complain and
those who hold out false fears. It is
time to stop crying wolf and to CO.
operate in working for recovery and
tor the continued elimination of evil
conditions of the past.
II confidently count on the loyalty
and continued support of the Cham
ber Of Commerce of the United States "
In his speech, the last on the cham
ber's program, Wallace also replied to
statements that the administration
should allow the normal law of supply
and demand to bring about necessary
adjustments.
In world of universal peace, no
tariffs, no export quotas, no corpora
tions no labor unions" he said, Il am
confident that the law of supply and
demand would work in the fully bene-
f1cent way enviSioned by the classical
economists" but due to the terrific
disruption" of the World War and a
disregard for the longtime operations
of the war during the past Is years,
he contended some adjustment at the
present time is imperative.
Disillusionment Forecast.
"a creditor nation, which insists on
selling more abroad than it imports
and which demands the payment of
foreign debts to the last dollar while
at the same time it shrieks for high
tariffs" is due for terrific disillusion-
ment, the Secretary declared.
He added that the growth of the
country rests not on greater domestic
consumption of food but on use of
more of the entire list of industrial
products.
Certainly the outlook for a tre-
mendous volume of industrial goods in
this country, given places in line with
consumer incomes, Is exceedingly en-
couraging. The needs of farmers,
know. are such as to keep thousands
of industrial plants ona 24-hour shift
for many months"
Wallace emphasized that "the future
of agriculture cannot be considered
apart from the future of industry and
the future of labor"
"They are all tied up together" the
oCSICtdly dCSldLCO. Willie dSll c
may suffer for or 10 years at a
stretch without causing undue en-
barrassment in industry, the time
comes when industry believes more
wholeheartedly than any one else that
its prosperity depends on the purchas-
ing power of agriculture"
In addition to Wallace, the cham
Der heard today from Arthur Krock,
head of the New York Times bureau
in Washington.
Krock told the delegates American
business must furnish intelligent crit
icism if it expects a public hearing.
He contended there was room for
criticism in certain acts of the ad-
miniStration, but added:
Business men do not furnish in
telligent debate when utilities lombard
their stockholders with untruthful or
panicky attacks on the Tennessee VAL
ley Authority; when stock exchange
houses insist that reasonable regula-
ton will ruin them and further
pauperize the poor; and when finan-