Evening star., 1936-08-30


Describing Federal control OF pro-
duction in industry against the pup
lie interest" and saying 1t Is "unal-
tsrably opposed" to codes. the cham
Der said that 1.-The antitrust laws
should be modified so as to make clear
that the laws permit agreements in
cfeasing the possibilities OF keeping
production related to consumption,
and each industry should be per-
n1itted to formulate and to put into
eject rules of fair competition which
receive governmental approval. A
Governmental agency, named by the
PRESIDENT, should have only the power
of approval or veto OF such rules.
ION taxes the statement declared:
.f"The combined expenditures OF
Iederal. State and local governments
low demand so great proportion OF
the total national income that they
discourage business, threaten the Sc
curitv of wages and savings and re-
tard employment.
"a we'll co-ordinated fiscal plan
should be adopted for reduction OF
Federal expenditures to bring about
IN the near future balanced pudget
without increased taxes.
Tax funds should not be used to
compete with private enterprise. Fed
eral expenditures for the purpose OF
developing or extending governmental
Activities which compete with private
business should be discontinued.
THE use of Federal tax power pri-
tnarily to compel States or individuals
TO conform to social or economic re-
Adjustments, with revenue only Incl
dental, is contrary to sound public
policy"
Monetary Standard.
q The monetary policy decided upon
follows:
l. Restoration of satisfactory inter-
Rational monetary standard and strict
maintenance of the integrity of the /
Glrrencies of the world are vital
tfeeds. ...
Il THE gold standard is the only in
tkrnational monetary standard that
has commanded general acceptance.
It's restoration and maintenance are |
dependent upon the development of
confidence, the balancing of public
budgets, removal of restrictions upon
foreign exchange. and greater freedom
In the movement of goods.
:. Improvement in the prices of
primary commodities, of manufactured
goods and of auxiliary services should
be fostered, but price changes delib-
erately engendered through measures
Which are solely monetary in character
will not be conducive to stability"
!, On tariff and trade, the chamber |
tAid: ----'----
!, Tariff laws should assure rea-
bDnable protection for American in
Hustries subject to destructive compe-
htion from abroad and Of benefit to
my considerable section Of the coun-
try. --,,-.
!. Since the changes of economic
Nctors repeatedly affect the incidence
pf tariff rates, the procedure estab-
)jshed by the flexible tariff for
the adjustment of such rates by adj
illustrative action within limits pre-
Eribed by Congress for the purpose Of
maintaining q consistent tariff policy
Mould be retained.
\! "The chamber holds that measures
restricting production Of exportable
Arm products which can, with reason
l!ble success, be produced in other Sec
lions of the world inevitably react to
the disadvantage Of the nation impos-
ing such artificial restrictions by en-
Gouraging the production of such re-
ttricted commodities In other nations.
70 preserve our foreign markets and
stimulate general trade, exported ag-
ifcultural products should be. sold at |
the world market, and financial aid \
granted the agricultural producer by
Government should be limited to that
PORTION of his crops which Is domes-
ttcally consumed.
Il freedom of action OF producers,
professors, or distributors Of agri-
cultural products should not be con-
Eolled by statutory law, Government
klbsidy. license, quota or otherwise.
nor should preferential treatment be
Manted by law or otherwise to any
0roup or groups OF producers, nor
ahould the Government sanction the
imposition by any one group OF an
industry of its will upon another or
other groups in such industry.
X Statement on Relief.
!. Taking up the subject Of relief, the
&atement said:
Emergency expenditures necessary |
for the relief of the destitute unem-
nloyed should be provided by and under |
the control of. the States of their resi-
dence. with reimbursable advances
from the Federal Government only on |
duplication Of those States or munici.