Evening star., 1940-04-28

panies = :" The Investment Bank
ers Association likewise proposed
modification Of laws as viii permit
the proper flow Of capital into in
vestments In both established and
new enterprises"
Cognjzant of the investiga tion by
the Department OF Justice into con-
struction labor unions, the Associ-
ated General contractors Of America
proposed . declaration Endorsing q
thorough omcial investigation into
conditions affecting phases Of the
construction industry" and urged
such steps as may be necessary to
correct any practices or conditions
within or affecting the industry
that are contrary to public interest" !"
A study Of costs and results of
education was proposed by the De-
troit Board of Commerce, with re-
concentrations to be followed by
students, parents. employers and
teachers"
"Encraochment by the Federal
Government upon the functions
which are reserved to the States"
was condemned by the Philadelphia
Board Of Trade.
Overseas Trade Determinations.
Almost certain to be adopted is
resolution prepared by the Cham.
ber's Foreign Commerce Committee
urging prompt diplomatic action
In case Of discrimination and inter-
ference with our overseas trade"
both In Europe and the Far East.
1t also urged the Government to use
every effort to discourage an inter.
national economic war at the end
OF the present hostilities. The Ameri-
can Chamber Of Commerce of
Shanghai added a proposal "em-
phasizing the importance OF devel-
oping and maintaining business op-
portunities for Americans In China
on an equality with those of any
other nation" and commended the
Government for holding warning
nations in the Far East responsible
for damages to Americans.
The w. P. A. was criticized in a
proposal submitted by the Asso-
clated General Contractors, which
declared 1t should be prohibited
from solicitation of construction
projects; that the total cost of
w. P. A. construction should be
limited to cost Of project ready for
use by the public when completed
and that sponsors of each project
should contribute at least so Der
cent Of the total cost"
The Eastern Federation of Feed
Merchants also criticized Govern
ment competition, opposing CON
tlnued distribution Of farm sup
plies 80 by agencies of the Federal
Government directly to farmers"
The Board Of Directors of the
Chamber offered a resolution in
dorsing "the voluntary movement
among States, now soins on. to
reduce by their own action dis
criminatory barriers and deterrents
to interstate trade"
Wagner Act Revision Ursed.
immediate and radical amend.
ment OF the Labor Relations Act
was suggested by the Chicago asso-
citation, urging that amendment,
include mot only those in the Smith
Dill but also provisions reouirins
labor to follow the procedure OF
the act In order to obtain bar
gaining rights rather than ust
illegal strikes" 1t urged that sit.
down strikes, strikes in violation ri
collective bargaining agreement.
and strikes to secure recognition b,
declared illegal. The check of anc
closed shop should also be declared
Illegal, 1t declared, and the power
OF the Labor Board to order rein.
statement of employees against tn,
Will OF the employer should be with.
drawn.
The Federal Finance Committe,
proposed declaration by tn.
chamber "for strengthening fiscal
controls in the Federal Government
through authority in the President
to designate activities which should
De discontinued, to reduce expendi.
lures below appropriations if neces.
sary to prevent deficit and to dis.
approve individual items in an.
preparation bills" All spendin,
bureaus should be BROUGHT undej
control OF the Bureau Of the Budget
1t added.
With the national debt nearins
the statutory limit, the Finance
Committee proposed 4 reduction O.
expenditures and adoption of ia,
policies that will permit IN in.
crease in business transactions anc
investments leading to larger reve.
nues and avoidance Of an increas,
In the debt limit"