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Show MUTUAL PROSPERITY OF U. S. AND BRITAIN PROFITABLE British industrial leaders watching their enterprise system fade into a socialistic statism under un-der a new Labor Government, were heartened recently when Robert R. Wason, president of the National Association of Manufacturers, Manufac-turers, spoke before them in London. Lon-don. America has been enduring "the equivalent of a Labor Government" Govern-ment" for the last 12 and more years. JIr- Wason told the London Lon-don industrialists while abroad to attend an International Chamber of Commerce meeting. "As a result," the American said, "prices of goods to consumers consum-ers are higher, and returns to investors in-vestors are lower. The troubles ahead of you are normal experiences experi-ences in American history." No Surrender . . . Allowed the fruits of enterprise Mr. Wason said, wealth in America Amer-ica increased in every decade from 1790 to 1930, adding: "In 1933 the government expanded ex-panded its powers and restricted the. powers of individuals. It is the only decade in which American Ameri-can wealth did not increase." It is to the interest of the U. S-and S-and Great Britain to have and to keep each other prosperous, the NAM head told the London audience. audi-ence. He concluded: "While we wish to cooperate with all other countries of good will, the American people have no intention of doing this at the cost of surrendering those institutions institu-tions and principles which have been so effective in giving prosperity pros-perity as well as liberty to our country." |