The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1938-02-04
LITTLE BUSINESS AID
IS BEING STUDIED
CONTINUED from page one)

Continued from page one)
delegates trekked homeward last
night, disguised by the antics of a
few who turned their meeting into
48 hours of turmoil and confusion.
The conferees thought they would
be allowed to debate the resolu-
tons as finally adopted and re-
NAMED comparatively quiet as one
after another was reported. Then
Chairman Fred Roth, Cleveland,
O., wholesale shoe dealer, sudden
ly called for a standing vote.
"No! Mop screamed a score Of
delegates. Dozens leaped to their
feet clamoring for recognition.
Shouts of "steam-roller" went up.
Every person was ruled out of or
der, Roth called again for the vote
and the resolutions were adopted.
A study of them disclosed that
they followed closely those submit
ted to the president three weeks
ago by the business advisory coun-
Gil of the department of commerce
and by other representatives Of
"big business. Both factions are
in agreement on the need of:
|. Repeal or revision Of the cap
ital gains and losses tax and the
undistributed profits tax. The
president recommended changes
in both levies and they now are
before congress.
2. Relaxation of restrictions inn
posed on capital transactions by
the securities and exchange COM
mission. This is not i part of Mr..
Roosevelt's program.
8. A vigorous drive against mo-
nopolies. The president probably
will ask congress soon to strength
en- antitrust laws to bulwark the
department of justice campaign
against concentrations of business
and economic power.
4, A. balanced budget. Presl-
dent Roosevelt has said repeatedly
that he favors balanced budget
but that it cannot be attained as
long as the government must
prime" the business pump
through large federal expenditures
and as long as billions must be
spent by the government to care
for the nations unemployed.
5. Legislation to make labor
unions more responsible. Presl-
dent Roosevelt does not favor m
corporation of unions and told the
advisory council that he prefers
to give labor the same chance ne
is giving to business to put It's own
house in order. The admlnlstra-
ton is not considering legislation
TO impose restrictions on unions
through amendments to the Wag-
ner act.
6. Lack of government mter1er-
ence with business. The preSi-
dents position has been that the
Government is not interfering with
the majority Of business men put
is directing its reform campaign
against the unscrupulous L'inoflty.
7. A fireside chat or pubic as
surance by the president that busi-
ness has nothing to fear from NJ
ture government policies, fresi,
dent Roosevelt is reported TO 1eel
that he has given this assurance III
recent speeches and in messages 10
congress. Lo,..
8. Opposition to the wage,s-houfs
program. Little business wants
no Wages-hours bill. The councll
asked that it be restricted 10
"floor'' on hours and wages. Inc
president has taken a firm stanu
for a wages-hours bill and there
is no indication that he Will apa"-
don it. ,o.;or
9 Freedom of action by nation
al and state banks to cooperate , III
expanding loans to industry Inc In;
president is said to feel that th'9
freedom already prevails ..
The "little business resolutions
did not touch on holding compa-
Mes and on other industrial prob
lens which the council placed De
fore the president. The small! oP-
orators, however, went extensively
into the need of government loalls
to "little business" which was not
on the councils program.
The conference adopted reS?-
luton yesterday urging the pfeSi-
dent to exert all efforts to eStap-
lish machinery for such loan'
which would include grants, on III,
ventories, accounts recelVaDie, Oh
machinery, equipment and build
ings. Jo no
Some of the conferees made no
effort to conceal their dlstaste lor
some New Deal policies. One, con-
demning government interference
with business as a cause ior eo''
tinued unemployment, said:
"Unwarranted and malicious az
tacks on business by administra-
ton representatives should be per-