The Washington times., 1936-04-29
SECURITY PLAN
OF PRESIDENT
ALSO HIT
Federal Spending
Severely Criticized
BY Farley Speakers
CONTINUED from Page II

This also was pronounced un'
workable, and folly.
Roy C. Osgood, president Of the
First National Bank Of Chicago.
and Fred H. ClauSen, Of Horizon,
Wis, president Of the Van Brlnt
Manufacturing Company, were the
principal speakers in the general
session.
Canadian Speaks
Round table meetings, where q
sort Of free-for-all conference was
the order, supplied additional
blasts directed against the RooSe'
welt administration.
But the speeches Of Osgood
and Clausen struck the keynote OF
the convention today. Their pro.
tests against the "inequitieS" OF
the old and new Roosevelt tax
laws, will be directly followed by
the chamber when it meets tomor.
row to adopt resolutions Of policy
for 1886.
r. C. Matthews, president Of the
Canadian chamber Of commerce,
of Toronto, opened the morning
session. He called for a new
mutual understanding between
the United States and Canada,
and declared that the world must
drop trade barriers between ma
lions If it intended to prosper.
The talks on the tax bills won
roaring approval from the 1000
delegates.
OSgood, speaking on "Improv-
ing Federal Revenue Policies. "
urged a reduction Of expenses as
the first major step in the right
direction. ClauSen. who is the
chambers tax expert, directed his
remarks to the Effects Of Mount
ing Taxes" decrying invasion OF
state tax fields by the Federal
Government.
The 1885 tax and expenditure
program failed to bring results,
Osgood declared, and the new
taxes proposed by President Roose-
welt, he asserted, will further
duplicate existing levies. He told
the chamber:
"WelI qualified tax authOri-
ties state that in order to- re-
move theoretical inequalities and
ineauities that have no substan.
tial existence, there will be ere
ated b. the proposed law greater
inequalities, serious inequitieS
and severe and uniugtifiable GiS-
ordinations.
"They further say that the
new proposals are Utterly i'm.
practicable and unwOrkable."
Osgood deplored the present
attitude of the Treasury" which
he said was to impose the maxi
mum amount of tax, and ask the
taxpayers what he was going to
do about it.
The problem Of security for the
aged and the unemployed was
mulled carefully at q round table
conference Of the chamber today,
revealing a ningling Of violent
antagonisrn to President RooSe-
velt's social legislation and spirit
of cooperation in lawmaking held
inevitable. ,.-- So.
Three speakers led the informal
discussion, with M. B. Folsom,
treasurer Of the Eastman, Kodak
Company, at Rochester, N. Y,
approving the existing social secu-
rity law in principle, but suggest
ing vital and necessary" changes.
Tax Burden ASsailed
Sterling Morton, secretary and
director Of the Morton Salt Com
pany, struck a note Of vigorous
opposition to Government en-
trance into the social security leg
islative field. Morton said it was
impossible for the Government to
bring about proper social reform
by loading more and more taxes
on the peoole.
President Roesevelt's name has
not been used once in the
chamber discussions, but Morton
came closer to it than anybody
else, when he referred to the
existence of what he termed fal.
lacious ideas within . two-mile
radius Of this meeting" The
White House, of course, is well
within such q radiuS-aS is the
Capitol, where Congress sits.
Folsom suggested lowering Of
the tax burden which will exist
under the present provisions Of
the social security law, pointing
to the dangers Of the tremendous
reserve scheduled, and finally ad'
monished employers to. help Gov
eminent administer. the big new
program and keep 1t out Of
politics. 49,. 49,. ..~.