Evening star., 1948-04-29
u. ). Chamber Hears
Rival Leaders Exto|
Virtues Of Own Parties

Both the Republican and Demo.
cratic Parties were hailed TODAY a.
the Nations savior from the mis-.
deeds Of the other.
In addresses before the final ses.
sion OF the 36th annual meeting Of
Commerce, Senator McGrath o1
Rhode Island, Democratic National
Committee chairman, and Repre-
sentative Brown of Ohio chair
man of the Republican Executive
Committee, discussed the issues OF
the presidential election year.
Mr.. Brown made a categorical
prediction that Republican Presi-
dent would be elected in November
Senator McGrath made no predic-
tlons.
Halling unparalleled production
profits and employment as boons
of Democratic administration, the
Senator emphasized in his criticism
of the Republican Party, the record
Of the Hoover administration.
Brown Refers to Record.
Mr.. Brown pointed to the record
Of the Eightieth Congress and to
the terrible mess" domestically and
internationally, into which the New
Deal and the Truman administra-
ton have plunged the Nation.
The two party leaders spoke at a
luncheon meeting in the Mayf1ower
Hotel to more than 1900 Chambers
delegates.
Senator McGrath asserted that
the whole politburo at Moscow
backed up by the Russian army and
its third party fifth column in the
United States, is not as great a
threat to the American system of
free enterprise as is the American
businessman who runs around cry
ing wolf"
Il refer" he continued Ito view
ers with alarm who like to cry that
American business lies PROSTATE
unable to turn a hand. because of
Government activities which they
like to wrap up in the phrase New
Deal uttered in scornful tones"
I'VE did give the country a new
deal" he continued, "it certainly
needed it."
Brown Recalls Vet0es.
Mr.. Brown recalled that in most
instances we had to override a
presidential veto in order to make
good on our promises"
Pleading that with per cent of
the worlds population and per
cent of the total area of the earth,
we cannot go on indefinitely feeding
and financing and policing the rest
of the world" the Ohio Republican
asserted that, having elected only
two Democratic Presidents since
1900, the Nation had become in
volved in costly wars under both
of them. Under six Republican
Presidents. he said. we have be-
come involved in only one war, "a
comparatively minor conflict with
Spain"
The Nation is thoroughly tired
of Government by crisis he said,
such as it has been experiencing
1
being told that it must not change
horses in the middle of the stream
Any horse that has not had sense
enough to get out of the stream in
is years is certainly not worth rid
Ing any farther"
The 36th annual meeting of the
chamber will close tonight at the
annual banquet. at which Crawford
Greenewalt, new president of the
Du Pont company, will be the prin-
cipal speaker.
Hailing the Full Employment Act
OF l947 as the most significant
event OF the present generation" in
Its assumption the United States
must maintain full employment. Mr..
Hedges characterized the act as
three-way achievement.
Buying Power Distributed,
1T sparks the economy" he said,
"lt distributes purchasing power
equitably over wide area, and it
establishes the basis for economic
democracy"
The act set up system of eco
nomic reports to the President to
keep him informed on conditions
throughout the country. He has
made them public from time to time
AS they were delivered to him by
the JOINT Committee on its economic
report
Mr.. Hedges was one of four speak
erS on the morning session.
A contrary view on these queS-
tlonS was taken by a Seattle busi-
nessman who asked if. in view of
our commitments in Europe and
national defense, we should indulge
ourselves now in the luxury of
social gains"
Asks Blueprint of Controls.
The question was posed by William
S. Street, chairman of the cham
ber's Economic Policy Committee.
Henry Hazlitt, an associate editor
of Newsweek Magazine, told men,
bers that profits are today regarded
as sinful only wages are
vlrtuouS.'
'Well-meaning reformerS and pol
itiCians all over the world" Mr..
Hazlltt said, have been busily de-
stroying the incentives to produc-
ton and the sources of production"
because they do not understand
what makes production"
The final speaker of the morning,
Charles o. Hardy, staff director of
the Joint Committee on the Eco
nomic Report, expressed little faith
in progress to be achieved by VOL
untary sacrifices on the part of
labor or any other large group"
Meanwhile, Earl o. Shreve was
slated to be reelected president of
the Chamber at the closing session.
At the same time the board will
accept the designations of two vice
presidents and elect two other
businessmen to succeed them. The
retiring officers are Walter J.
Braunschweiger, executive vice pres
ident of the Bank of America, Los
Angeles, and F. H. Sexauer. presi-
dent Of SeXauer Bros. Brookings,
S. Oak.
Would Revamp Monroe Doctrine.
Last night, REPRESENTATIVE Mlndt