Show WAGES AGES MUST RISE MUST RISE Relapse I I IF Feared ared if jf Buying i Power Falls Off Of Declares Nation at Critical Stage O of Depression Br Iii re ten Urus s It cH June 17 The 17 The danger o of ot in relapse e in this critical Hue uce 0 the depression unless wages rt into Un line with ascending pointed out to the Na Na- l 25 G bal association last night by bara eri Hugh Johnson in hi his first Ue after his official ap ap- 1 as administrator o of t the in control bill bUt ShOrtY riy before General Johnsons Johnson's extemporaneous address was from Pittsburgh a working e b which the coal Industry will under the control bill was 19 of the nations nation's leading by ln perl perlI route to Chicago I was was' en on by plane to address addres tte cal operators when a dense fo fog he pilot to land landat at Pittsburgh were made mad for trans trans- the address to the association rand Johnson Johnon spoke without L i t lb Tb rh president today signed the re re- emIT bill and appointed me the ad ad- he said It is a lible position and I accept it with i leis regard The president also i country his policy governing work The act is a al charter of or a E I KV WI In industrial self government for fo country r. r CRISIS CAUSE ATTS l think k- k we would ld have come toI to tc too a I step tep even even if we n never ver h had d hada had 11 a p lon It 15 is the dislocation be be- tw ten en what we produce and our pow pow- irto to buy and consume which makes y prolongs a depression What we weve ore ve here for the first time is a lince to keep production and pur pur- i power in this country more sarly in step with each other other and and tey ter teare are far out of step today 1 I think we are at a n critical stage the depression Improvement is sere ere beyond a doubt But prices have ism 20 much faster than wages that olea can get purchasing power pUl in the hands of industry re is danger of at ata a relapse Tie president has pointed the way waya a I prevent this The idea is simply hit t at employers hire more men to doe do dohe he e existing work by reducing the rating minI hours of each mans man's week alI at al athi S hi I same tame time p paying ying a living wage wager Bf r ir the shorter week Hie coal mens men's code adopted after be industry's leaders had considered I problems arising out of union d nonunion production fields cutin outU out cut I in U n unfair competition outlines a aI I I for establishment of coal rie and wages in regional mining eliminates unfair trade practice tice and sets up standard contracts contract ud ed coal grading for all aU parts parts' of the 1 RESIDENT CHOSEN 4 G Co E. E Bo Bockus New York was elect elect- id ed president of ot the coal operators' operators L representatives of vir vir- tally bally all the nations nation's petroleum pro pro- companies prepared a code of to 10 be submitted this morn mom lit The code cod was drawn up by a last night rne The oil mens men's code was wa expected t taVe along the same general form as coal mens men's code outlawing unfair Repetition petition and agreeing to abide by 7 1 President Roosevelt's decisions in Jr 1 i of expansion and maximum 1 production it WITH YIT H PRICES COAL MEN TOLD |