Salt Lake Telegram | 1934-12-12 | Page 17 | Auto Maker Opposes N R A

AUTO MAKER OPPOSES N R A Sloan Declares Blue Eagle Program Means Poverty for All CHICAGO Dec 12 UP UP President dent Alfred P. P Sloan Jr of ot General Motors corporation recommended to industry last night that working hours be increased wage scales be made flexible and Industrial plants modernized in iii a general scrapping crapping of the N R A A. theory of ot security Addressing the Illinois Manufacturers Manufacturers' Manufacturers Manufacturers' Manufacturers Manufacturers' association the General Motors Motors Mo Mo- tors president a asserted that labor policies policies policies pol pol- of ot the N R A have increased costs costs' and prices while maintaining wage levels at previous levels He attacked the plan as nothing more nor less than a policy p of poverty for or all This is no not intelligent progress s. s he said It is reaction It is unintelligent unintelligent retreat Sloan said he is convinced the country country coun coun- try is turning from the spell oi of regimentation to a belief belie in theold the theold theold old pioneer virtues That is the most important thing that has happened he added Men are becoming increasingly aware that thai the strongest instrumentality of revival re revival re- re vival and reconstruction is the existIng existing exist exist- ing system of free tree enterprise In the development of ot that belief we are not turning to the left leU nor to the right we right we arc are going forward forward we we are arc simply recognizing ng the only road we can possibly 1011 follow ow The real problem is how much and in what way can the system oi of free enterprise which has made America what it is toda today be stimulated stimulated and how at the same time can the recognized errors and deficiencies cies des be compensated thus bringing all into a 1 harmonious whole Assuming that economic progress must be measured by the prosperity of the worker Sloan d an industrial program which would reduce real costs of goods and promote promote pro pro- promote mote the widest possible margin of income over livin living costs To raise real prices he said it itIs Is necessary as a general policy to restrict production to to increase Unemployment unemployment un Un- employment hence less Jobs not jobs no more jobs for lor the worker To limit the income of ot the worker and at the same time tim timeto to raise real prices is to confine his purchasing power to the necessities of life