Show Gain and Loss Seen by Writer The farmer the laborer and the business man each looked upon the i industrial recovery program as a device device device de de- de- de vice to restore his own prosperity They prayed for a cure but expected a miracle writes Henry I. I Harriman president U. U S. S chamber of ot commerce in lathe the December Nations Nation's Business Cures for the body politic as well as for tor the human body are merely aids which enable natural recuperative tive live powers to restore health They do not instantly obliterate the ravages of disease They do however prevent physical and economic collapse and death The program authorized b by byon ton ton- on gress is a program of cures not mira maim clan cles The efficacy of a cure is 13 shown by Improving symptoms There are definite symptoms of ot recovery re reo recovery covery ery measurable in dollars and cents Othes less tangible perhaps also indicate a more wholesome social J condition 1 But every ledger has il its liability as well rell as i its asset column and the v ledger of the N RA is no exception The enthusiasm is evoked and the confidence con con- it inspired at the outset have 7 waned perceptibly Tl This s is due to a number of things among which rna may I bo c listed The large number of unwarranted 1 and unauthorized strikes Delay in ix approval of codes Failure to recognize J nize need of wage differentials between be be- tween large cities and small towns I Failure to recognize that small industrIes industries indus indus- tries must have a longer period In which to make adjustments for carry carry- i ir heavier cost load Tendency of ot the securities act to throttle raising of capital for maturing sues or paying payin for new v construction f These of the are some gains gains' and losses which the industrial recovery t. t 9 program has brought about The N NE R A and the A AAA A A can be made to work wort I if wisely amended ame and constructively nJ 4 administered 4 J |