The Archive · 1935

Businessmen Denounce Us. New Deal

Washington, May 2.

Virtually all phases of the New Deal programme for 1935 were denounced to-day in the closing session of the convention of the United States Chamber of Commerce.

Business interests represented the meeting entered and passed formal resolutions condemning. the plans of President Roosevelt to boost the nation back on its economic feet.

May 2.

The convention to-day passed the {following motions:— legislation, embodied in the Banking Bill, would cause political domination of the banking system, That the N. 1 A, should be purely voluntary, That the Labour Disputes Bill should be drastically changed.

Earlier in the day, amid. signs of hostility between President Roosevelt and the Chamber, Mr. Cordell Hull, Secretary of Stale, addressed the convention attacking what he termed unscrupulous resistance" tp the Ad~ ministration's programme of lowering. tariffs for reciprocal trade treaties.

Meanwhile, the Chamber of Comfits president, in succession to Mr. Henry 'T. Harriman. Mr, Sibley described as being somewhat critteal over the policies pursued by the Administration, while Mr, Harriman was Known to have advocated a /middle-road policy—Reut

Text read from the printed page and cleaned; old type leaves the occasional error.

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