Salt Lake Telegram | 1933-09-06 | Page 9 | Recovery Act Effective Date Held Historic

RECOVERY ACT EFFECTIVE DATE HELD HISTORIC Speaker Says It Will Rank With That of Independence Independence Independence dence Declaration The date June 16 1933 on which the national recovery act was signed will become one of the dates in history ranking with the signing of the Magna Charta and the Declaration of Independence R. R W. W Reynolds told members of the Sail Salt Lake Advertising club Wednesday noon at the Newhouse hotel Mr Reynolds secretary of the governors governors governor's governors governor's gov national and state recovery administration spoke on Organization tion and the N R A A. David F F. F Cour COUP Coursey sey scy president of the club introduced the speaker I believe that June 16 1933 marks mark the end of th the industrial age through which this country has been going for forthe forthe forthe the past 50 to 75 years and marks the beginning of a new age a cultural cul cuI tural or social age Mr Reynolds said It marks the end of the old accepted economic theory of oC laissez faire the faire the theory that If you let things alone alona they'll come out alright What Wha t was needed to make maloe the adoption of a recovery program possible possible possible pos pos- sible was a crisis and a leader the speaker declared adding that the country now seemed to have both The plan In its simplest terms is this Let business men in each each industry indus try get together and draw up rules to which the majority of de decent ent legitimate self respecting men can agree he said Let those rules be approved by the people as as represented represent represent- ed by the government Then let those rules have the effect of law lawand lawand lawand and let the chiseling racketeering minority mi ml- come into line under fear of ot the law At a conservative estimate the N R RA RA RA A program has already resulted in one million jobs Mr Reynolds said saving those of one half million people peo pee pIe pIc who would otherwise have been released because of seasonal slack periods pe pe- nods dods and adding one half million additional additional ad ad- people to payrolls Advertising men have been as responsible responsible re re- as any anyone one group of ot business bus busi ness men for the success of the reemployment program the club was informed informed in formed by the speaker