Evening star., 1935-05-02
BUSINESS BREAKS
WITH ROOSEVELT
C, of C.. Members Adopt
Resolutions Varying Wide.
Iy on "Must' Bills.
fContinued From First Page.)

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artificial advantage given them by an
overindulgent Government"
At the same time he sounded SOL
emn warning that the policy of 'iso-
lated economics" marking interna-
tional relations Is threatening the
peace of the world.
Signs widely interpreted as indicat-
ing a sharp break between the Presi-
dent and the organization of business
men were seen as the convention went
into its final day.
President Withh0lds Message.
President Roosevelt. reported to be
angry over sharp assaults which con-
vention speakers have launched
against New Deal measures and plans,
omitted to send a message to the
chambers annual dinner last night.
For years the chamber has been ac-
customed to hear a speech or mes
sage from the Chief Executive.
1t was explained at the White
House today that the President was
not asked to send greeting and that
he certainly has no intention of re-
uuesting the chamber to send him an
invitation for a message. Further
more, the inference was drawn from
the attitude of the White House re-
garding this matter that the Presi-
dent looks upon this gathering of
business representatives in Washing
ton as merely another convention"
There was a tendency to regard the
present situation as one of the most
significant developments in Govern
ment- business relations since the
American Bankers Association Con-
vention last year. The result of the
bankers convention was an apparent
rapprochement widely heralded at the
time as peace pact"
In his address. Hull said:
I'VE cannot have a peaceful world,
We cannot have a prosperous world,
until we rebuild the economic Struc-
ture. Economic questions and condi-
tions form the basis of international
relations now more than at any other
time in history. If nations are en-
gagged in discrimination or retaliation,
or in the practice of irritating trade
methods toward one another. the pres
ervation OF friendly relations and of
that understanding necessary for
peace and mutual prosperity is rem
dered difficult and precarious. With
out friendly relations and understand
ing. nations are little prone to settle
questions OF controversies by arbitra-
tion or other orderly and peaceful
means. On the contrary. they are
hasty to arm and to institute force
for justice in international affairs
We behold that tendency progressed
to an alarming extent today"
Postwar MaIadjustments.
"It is my belief Hull said further,
that most nations drifted into the
condition in which they now find
themselves. due primarily to the
pressure o. the peculiar maladjust-
ments OF the postwar period and the
wave of extreme economic national
ism incident thereto: that with pos
sibly few exceptions they have not
deliberately elected to follow the
course to which circumstances have
forced them. 1t is incumbent upon
some great nations, certainly the
United States as much as any other,
to come forward with a broad, con-
structive program calculated to dis
place gradually the policies which
have proved so futile and so deStruc-
tive during these past several years"
In his analysis of disturbed world
conditions, Secretary Hull did not
hesitate to lay the blame. in part, at
the door of this country, which, he
amplified. refused to recognize it's
changed status wrought by the World
War. and to guide its course accord
ingly.
Foreign Trade Barriers.
Being at that time tpre-war)
debtor and undeveloped country,
policy at times highly protective, led
to no serious consequences, he said,
"but shortly after the World War, ig-
noring the economic transformation
which had taken place, we began to
erect barriers to our foreign trade not
consistent with our newly y-achieved
creditor position nor our efficiency in
production. Within the short space
of a decade we had raised our tariff
rates on three successive occasions,
thereby preparing the destruction of
our vast foreign trade. upon which
q large share of our prosperity rested
This interference. opportunist in
spirit, unco-ordinated with our other
policies, and, contrary TO our long
term interests. represented a definite
break with the ideal of economic lib
eralism which had made possible this
great commercial expansion.
THE events Of the World War
enormously increased the importance
OF the United States commercially
and financially in world affairs. Just