Large Gathering of Nation's Industrialists Expected Washington, Jan, 16.
Fifty industrialists, representative of big and little business, who are the employers of millions of workers, will confer with President Roosevelt next Wednesday, The conference is expected to influence the nature and scope of the business control legislation which the President is considering.
It could not be ascertained whether the conference would discuss matters concerning holding companies, recently seriously attacked by the President and other high Government officials, 'A United Press poll revealed that none of the conferees was willing personally to express an opinion concerning steps which the Government and business should take to bring about closer ce-operation in the interest of economic stabilization.
Industrialists, however, giving evidence before Senate investigators of the unemployment situation, favoured the repeal or drastic revision of the profits and capital gains taxes and the Wagner Act, the elimination of Government competition with private industry, a more temperate policy toward public utilities, the relaxation of stock market restrictions and the decentralization of Government relief projects, 1 Congressional opinion was di led regarding the Wilkie proposal of la Saturday that the Government purchase properties of the Commonwealth Southern Power Company in the Tennessee Valley Authority area.
Senator ' George W, Norris, Progressive of Nebraska, sponsor of the government-owned power plant approved of the proposed purchases, which, he said, would eliminate duplication of operations, On the other hand, Representative Andrew J. May, Democrat of Kentucky, alleged that "this is the first step toward state socialism.—United Press.
Text read from the printed page and cleaned; old type leaves the occasional error.