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Linking Depression and New Deal, the Chamber's dry, bespectacled president, 62-year-old George Harvey Davis of Kansas City, gave the pitch of this year's business hymn in his opening speech. Excerpt: "Back of all of the questions that will be brought before you for discussion during these three days lies a much larger question. It is whether business-the American system of business-is to endure or whether some other kind of system, is to take its place...
...applause which greeted these sentiments was equaled next day when General Motors' President William S. Knudsen rose at the general session to relate G. M.'s troubles with labor and its effect upon business. Excerpt: "The Industrial Union in its present form has to depend on force in defiance of law. There are not many places in the U. S. at the moment where laws can be enforced to control the movement. The technique of the sit-down strikers is identical with that of the syndicalists of Europe. France has finally had to take a stand against them...
...that Labor Committee Chairman Mary T. Norton, who last autumn got 217 of her colleagues to sign a petition to discharge the bill from the Rules Committee, would be able to do so again. Last week her hopes of doing so were raised by a note from Franklin Roosevelt. Excerpt: "I have no personal doubt that a large majority of the membership of the House believes that the House as a whole should pass its judgment on such legislation...
...between Government and Business. Ambitious SECommissioner John W. Hanes, who last fortnight got RFC interested in carrying industrial inventories, took the idea literally, began rounding up tycoons by long-distance telephone. On the President's desk last week he laid a carefully phrased message from 16 of them.* Excerpt...
...bills passed by their respective chambers, he dispatched a 1,000-word letter, recommending in effect that the conference adopt the House bill which, unlike the Senate's, retains at least a portion of the Administration's pet undistributed profits and capital gains tax. Excerpt: "The repeal of the undistributed profits tax and the reduction of the tax on capital gains to a fraction of the tax on other forms of income strike at the root of fundamental principles of taxation...