The potters herald. [volume] (East Liverpool, Ohio) 1899-1982, 1939-02-23
Private Industry
CONTINUED From PCue One)

OuL Cl WoIh HilpUL Ilfiu a new place
and new positions in private industry.
Both time and experience have clear
ly vindicated the position assumed and
maintained by the American Fedora
tion of Labor upon economic, social
and industrial problems.
owe are firmly convinced that
various forms Of government spend
ing, either in the distribution of re-
lief or in the development and main
tenance of work projects designed to
supply relief wages to unemployed
can only serve as temporary measures
and cannot and do not provide a per-
manent solution for unemployment.
"The market for the sale of goods
and service can be increased and en-
larged only through the application
of a sound economic policy whereby
there is placed in the hands of the
masses of the people a buying power
which will enable them to buy, use and
consume the manufactured goods and
service which private industry is pre-
pared to supply.
"This leads to the inevitable CON
clusion that private industry and
business, generally, should be stimu-
lated SO that the facilities of pro-
duction may be increased and millions
more working men and women may
be employed.
Expansion Necessary
"What can be done and what should
be done, therefore, are the problems
which, at the moment, call for con-
sideration and proper solution. We
do not believe that the nation has
reached the maximum in production
or consumption Of manufactured
goods. For that reason we cannot ac-
cept the reasoning Of those who main
tain that we must prepare to main
tain constantly an army Of unemploy-
ed as the wards Of the government.
awe must turn to private industry
for the solution. 1t should and must
serve the nation. Our national inter-
ests require that private industry be
accorded the widest opportunity to do
SO. That involves expansion and an
increase in productivity. Such action
must be considered as the primary
step necessary to create work oppor-
tunities for the millions who are un-
employed.
obviously, the next step must be
the establishment Of credit and the
will and purpose on the part of the
owners of industry to risk, invest,
build and construct The basis for
such procedure must be found in the
creation of a favorable state of mind.
Fear, lack of confidence and distrust
in governmental, social and economic
procedure should be removed.
"a political and economic state of
mind should be created which would
enable all fnanciers and the owners
and management of industry to face
the fxtuGe with confidence, willing to
risk in the expenditure Of funds for
the development of industrial enter
prises and in the manufacture and
sale of manufactured products"
"We are firmly convinced that the
realization of this objective should be
the primary purpose of government,
industry and labor. Whatever stands
in the way-whatever barrier may
have been created, either as a result
of fear or as q result of affirmative
action on the part of those who ad-
minister the affairs of government,
ought to be broken down so that our
industrial processes may function in
proper way and unemployment may
thus be overcome.
Rules Should BE Clarified
"Some strong, powerful and in
fluential representatives Of private
industry maintain that in order that
private enterprise may go forward it
is necessary that the rules and laws
under which industry should operate
should be more definite, clear and un-
derstandable. This, it is asserted,
would stabilize industrial conditions
and would serve to release financial
and industrial forces necessary to the
enlargement and expansion Of private
industry.
"The Executive Council is firmly
of the opinion that this issue should
be met squarely. All should under
stand that no new rules or stipulations
will be promulgated by some admin
istrative bureau other than the rules
and regulations definitely set forth in
regulatory statutes enacted by the
Congress Of the United States Such
action will serve to help business, la
Dor and the people generally. Under
such a plan industrial management
would be accorded the widest oppor-
tunity to render service in the solu-
tion of our unemployment problem.
"The Executive Council reaffirms
the position of the American Fedora
ton of Labor regarding private en-
terprise and private initiative. We
are firmly committed to such an econ
omic philosophy. We believe that
private initiative, private Investment
and private endeavor in private in
dustry should be encouraged and sup
ported. We assert that those who in
vest in private industry should earn
a fair return upon such investment
and that labor should be paid wage
which would accord to all workers and
Ioi, fn, tiny, 10 4f 1.-Two