The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-11-19

and presented an unbroken front in
opposition to government competi-
ton and punitive legislation?
why hasn't all business and in
dustry joined in the fight? If
the major industries of this country
do not hang together, if they do not
openly call their stockholders and
employees to the colors of a 1895
declaration of independence the
radicals that now infest the eXecu-
tive and legislative departments of
our governments will joyously hang
them all separately"
After few words about the spec
tiers of Communism and FasciSm,
Mr.. Hutton proposed organization Of
an American Federation Of Business
and frankly suggested that it be
used to eliminate from public life
men opposed to its purposes.
"All Industry Must Suffer"
Cali industry, big and little, has
a stake in this controversy between
the, Administration and the public
he said. IF the govern
ment should succeed in carrying out
plans SO carefully drafted by the
radical Socialists, all industry must
suffer sooner or later.
80 say: Let's gang up!'
The business men of the coun-
try, the owners of stocks and bonds
or any other property, the holders
OF insurance policies, and the de-
posltors in banks, must realize that
the only way to prevent regimenta-
ton, collectivism, or any other ism
is for all groups to join together
in one great group which will come
to the help of any individual group
when it is attacked.
Proposes Super Lobby
1T is only in this way that a great
and industrial lobby can be
created which will be heard effect
lively in the halls of Congress, in
the executive departments, and
even in the White House itself. Such
a group, representative of all fac
lions, can come to the support of
and Senators who
are backing proper and constructive
legislation and fight with all Of the
resources at its command those
Representatives and Senators who
are backing destructive legislation
for their own political ends.
Il have said before and I saw
again that I do not approve of the
used by minority pressure
groups. They have tendency to
warp the judgment of members of
Congress and make it difficult for
them to exercise their own free and
judgment. But just so
long as they exist, business and in
dustry have no choice-they must
adopt similar tactics.
Business and industry can nave
a lobby which overshadoW them all.
Why don't we organize it and come
w OA4S AAN1P Va hIAJ Po1 VI
and industry when that help is
needed?"
Maverick Among Magnates'
This biographical sketch of Mr..
Hutton is printed by Public Utili-
ties fortnightly:
Mr.. Hutton, who has established
quite reputation as a maverick
among magnates, was born Q87O
and schooled in New York City.
His first job, at the age of II,
was with a mortgage trust company
at S. week. He stayed at such
work until he was 81, when he found
with $1,000 and a partner in
the old Consolidated Stock Ex-
change. Then started a brief series
Of brokerage ventures, which in 1904
finally blossomed forth into the
noted firm of E. F. Hutton e. Co.
with his marriage in 1920 to the
daughter of the late Charles w.
Post, famed Battle Creek (Mich.) |
cereal developer, Mr.. Hutton began
MS activities in General Food en-
-erprises, in which he is at present
such commanding figure. He is