Evening star., 1939-05-04
Chamber
Continued From First Page)

which makes for unemployment,
throws men and women upon relief,
makes demands upon Government
for excessive expenditures, increases
taxation, further reduces industry
because of the tax burden, and SO
goes on and on around the circle
to destruction"
He called for the following
changes:
The Wagner Labor Relations Act,
the speaker said, must be changed
in such manner that it will be "fai:
to labor, fair to employers and fair
to the public" He AIDED that "if all
other existing deterants to business
recovery are eliminated, this act
alone as it stands today can prevent
the return of this country to normal
production and its wide distribu-
ton
The undistributed profits tax, the
speaker said, should be abolished.
The capital gains tax, he declared
is a very positive curb on business
recovery"
neStTlCtlOnS f1elu EXCESSIVE.
Mr.. Kent said that the Securities
and Exchange Act applies restric-
tions that makes securities issuance
needlessly expensive" and that con-
troll of the stock exchanges is ex-
cessively restrictive Both conditions,
he maintained, should be changed.
He described wages and hours leg
islation as unnecessary" and said
that it should be changed lin many
particulars that are necessary in the
public interest" He described as one
shortcoming the fact that the op-
portunity of many persons of medi-
ocre ability to earn an income is
jeopardized by the law because they
cannot give return in production
or service that warrants payment
of minimum wages, because the con-
sumner will not pay the COSTS"
The Government should come to
an immediate understanding with
private and public utilities, the
speaker continued, adding that the
same holds good so far as every
character of Government competi-
GlOIl Will llluuSlIy.
He also criticized the farming and
monetary policies of the Govern
ment and condemned the financing
of the Social Security Act.
Business Fate Seen in Press.
In his address Mr.. Stahlman said:
Scarcely day passes without some
effort to hamstring the press of this
country"
Private business, as We know it
under our system of free enterprise,
is most dependent upon a free press" 4"
said the TenneSseean, who recently
retired from the presidency of the
American Newspaper Publishers As
sociation. Private business could
not survive censored or controlled
press. for there can be no business
but governmental business where the
press has ceased to be free"
Because this is true, he continued,
''it is your obligation to help keep
the press free by refraining from
any effort to fetter it. If a news
paper is to render its true service
to you and to the public generally,
~ NC III dOluUy
to print the truth, the whole truth,
without reference to you or anybody
else"
BE it said to the everlasting credit
OF the bulk of the American press
that it has not been Influenced by
the dollars of business nor by Gov
eminent propaganda" the speaker
emphasized.
Mr.. Stahlman told the business
men that their major job today" Is
that of selling "the American way
to the public. a task which is best
accomplished through the medium of
advertising.
"Paraphasing a distinguished
friend of mine" he continued, may
I say that in spite Of all the Tug
wells, the Thurman Arnolds, in spite