Milford chronicle., 1937-12-10
.LAMMOT DUPONT
GIVES Plan TO
MAKE MANY JOBS
lConiinned from First Psgel

OOHFfhAN0 lfOf %
MY own thought may be summed
up In sentence: Give industry a
reasonable degree of certainly upon
which Il can count In planning cur
rent and future operations"
Must Stabilize Labor
To that end, he asserted, "the la
Dor situation must be stabilized,
the legal rules under which indus
try must operate should be stabiliz-
ed Immediately" and business CIV
en- positive and reliable assurance
that the complicated terms and con-
ditions under which 1t must func-
tion are finally determined, subject
only to an unmistakable public de-
mand for their amendment"
The speaker. declaring that the
purchasing power of a part of the
population was too low, that some
parts of our agriculture are disor-
ganized," and that "the whole future
is a gigantic question mark" made |
il plain that he criticized no one for /
the present industrial recession.
what has been done, wisely or
uuNlSSls, 10 bCHihu uos HNs 49, @N~'N
it there" he said.
Business Willing
Warner, president of the Mccall
Company. called for repeal or mod
ification of those laws which have
contributed to the downward trend"
availability of capital funds Ito en-
able industry to go forward and ex-
i n,Alttafinf1 and nmnI0V-
ment," cessation of industrial STRIFE
and avoidance of increasing lay-offs
of workers.
Americas plea, he asserted. was
Tor freedom"
IF. with freedom" he continued,
we work together as cooperating
units in a peaceful society without
bitterness or rancor, nothing can
stop our progress"
Business, he said, was willing to
do its part" in effecting that CO.
operation.
If Barnum was right that there
is a sucker born every minute" the
sucker birthrate has declined con-
siderably." Raymond Rubicam, 3D.
vertising executive, told the dele
gates.
He based his assumption on polls
taken by the American Institute OF
Public Opinion under the direction
of George H. Gallup. which, he said,
indicated fairness. good 9ense ard
perspicacity" on the part OF the
public.
The polls, he said. indicated the
majority of the public was In favor
of regulation of labor unions, their
peace between the A.
J.. of l.. and the c. !. o., regulation
of strikes. balanced budget, re-
duction in relief expenditures. le-
vival of the NRA, and a constitution ,
al amendment giving Congress the
right to greater regulation over IN ;
dustry and agriculture.
II was opposed. however, as indi-
Gated by the polls, to third term I
for President Roosevelt, sit-down
strikes. vigilantism, cash relief ana
revival of the A. A. A. (
Mark Graves. president Of the
New York State Tax Commission.
,ssailed "unecOnomic' taxation as &
,urden upon all groups of the popu- (
alton and called for repeal OF tie
ederal undistributed profits surtax )
nd the capital gains levy. (
"A timely question" he said. us 4
he revision of the federal revenue )
ystem so as TO encourage business
Npansion and the investment OF Z
apital in productive enterprise. z
Attacks Exemption =
Graves attacked the principle OF G
tempting government securities 4
rom taxation, as affording haven y
f refuge AN opportunity. for capi- y
NJ to go on sit-down strike" 4
More than fifty billion dollars are =
hus invested he continued What )
an be more natural than that one q
tould invest in Rx-exempts with n
II assured yield. rather than risk y
apital in ventures which. If sue 81
essful. very largely mean earning Il
honey for the government? II is y
erfcctly obvious to every thinking y
erson that interest income from q
overnment securities hereafter Is II
ued should be taxed to the same y
xtent as other income" -
Advising the integration OF fed Sf
raj and State revenue systems, II
raves asserted the Federal Treas J
ry monopolizes the most important q
lx fields. Integration, he said, n
ould give states and municipalities y
larger share in income and estate ~