Association of America, is probably quite right in his belief that the National Recovery Act will pass from the status of an emergency Taw" to. an item of permanent: governmental policy. There is still Much time to pass before the results of the very gallant experiment which the United States have embarked upon under the leadership of President Roosevelt, are fully comprehended. There is even a chance of failure, but, while opponents of the President's party a to be critical of the methods Adopted and express some doubts:
to What will be the outcome, it is impossible to deny that gress has been ma end desi indict Natior 'y Act will in some. of its lasting imprint upon the economic structure of the country. The vari hay already established relations he-tween labour and the employer Which were hitherto thought, impossible' because. of the strenuous Spposition of the latter. In addition the principle of government. intervention in the best interests of the country at large between employer and employee has not only been enunciated but ig passing through period. of experimental operation. What, however, is of interest to the world at large' is that if President Roosevelt and his advisers succeed in the enormous programme th have drawn up for themsel something in the field of domestic sies will have been achieved which will oblige the governments jot' other countries. "to inquire Whether, after all, the cures for certain economic evils will not. be found in a course of conduct similar to that under trial in the United States,
Text read from the printed page and cleaned; old type leaves the occasional error.