Evening star., 1937-11-23
LET BUSINESS UP,
SAYS VANDENBERG
Senator, Speaker in Forum,
Predicts Recovery If Pol
icy Is Stabilized.

A call for q reasonably decent
chance" for normal recuperative forces
to stem the downward business spiral
was sounded last night by Senator
Arthur H. Vandenberg, Republican,
Of Michigan.
Senator v II d n b e G, mentioned
prominently as a prospective presi-
dental candidate in 1910, spoke over
the National Radio Forum, arranged
by The Star and broadcast through
WMAL over a Nationwide network
Of the National Broadcasting Co.
Given fair opportunity, he said,
'there is no necessary reason why to-
days recession should not stop and
why private business and initiative
and investment should not meet the
situation"
Says Business Is Jittery.
The Michigan Senator, who has diff
fered sharply with the administration,
said that the chief trouble with buSi-
ness today is jittery state of mind"
and that this can be remedied only by
ceasing attacks on business and re-
storing confidence.
He listed as outstanding needs re-
duced spending and a revised fiscal
program that will include amendment
or repeal of the surplus profits and
capital gains taxes.
Further, he declared Congress
should repeal many of the emergency
. powers that were granted to the Presi-
dent in the name of emergency" to
allow business to make long range
plans.
The speaker questioned how b,lsi-
ness can be anything but punch
drunk and hanging on the ropes when
the President has absolute control over
monetary and tariff policies" and when
at any time government may enter
into fatal competition" with private
industry.
Asks Labor Responsibility.
Senator Vandenberg argued for
changes in the Wagner Act to en-
tween capital and labor, and of the
, Social Security Act to put the con-
courage mutual responsibility" be-
troversial old-age benefits on a paw
es-you-eo plan. He said he doubted
the wisdom of hour and wage regula-
ton now, and urged "a reasonable and
practical farm relief bill be enacted
The text of Senator Vandenberg's
speech follows:
discuss the subject Where Do We
Go From Here?" from an unpartisar
standpolnt-although obviously can.
not detach myself from classification
With the opposition to the present ad-
ministratlon. But I am prepared te
go forward with any "party"-old. new
or fused-which promises liberalism
with sanity, social-mindednes with.
out socialism. and a restoration OF
those equitab economic fundamentals
which shall give honest business 2
chance to create stable prosperity fol
130,000000 people. It is in this spirit
that I proceed.
None Survives Without Business.
Business must not be permitted tc
run the Government; but unless 1t is
permltted reasonable latitude to rur
itself-free from an ambitious collec.
tivism which creates more problem.
than it solves-prosperity will die or
the vine. We must regulate" busines.
for the sake of the common welfare
but We must not kill" the thing WI
regulate If legitimate business doe,
not have a chance to profitably sur.
vive, none of us has a chance to sur.
vive. There are no jobs in shut fac.
tories and no wage benefits in sus
pended pay rolls. Money must worl
before man can work Wealth mus
be created before it can be shared
A life of abundance cannot be achieved
by legislating for scarcity. You canno
get golden eggs from a dead goose
We must lift up the lower third. Blu