Show WALL STREET VI VIEW By James McMullIn Financial Observer I M Q 9 NEW YORK YORK The The National Association Association Association As As- of Manufacturers got religion in a big way this year Its annual program for American American Ameri Amen adopted at last can progress weeks week's New York convention contrasts amazingly in its temperate temperate tem tern and liberal tone with the corresponding platforms of re recent recent recent re- re cent years Earlier ones invariably bristled with den denunciations of new deal agencies and policies insistence on the open shop demands that government and labor quit harrying harrying harry harry- ing lug business This one stresses the true harmony of interest between industry agriculture and labor in cooperation with the government Doves of peace flutter flutter flut flut- flutter ter through almost every para para- graph Efforts to incorporate planks demanding amendment of the Wagner act and condemning Secretary Hulls Hull's trade policies were squelched behind the scenes The program does declare against government competition with private private private vate enterprise the share taxation tation excessive government spending etc but even these criticisms are are- gently crooned not shrieked from the housetops A strenuous backstage battle preceded the final drafting O of this pacific document by the N. N A.M.'s AMs AMs A.M.'s AMs A.M.'s A. A Ms M.'s resolutions committee There were plenty of hard-boiled hard right- right wingers in the organization who wanted to heave the customary hot bricks at the administration tion and at labor But the liberal liberal liberal lib eral element dement finally gained the upper hand and kept it This should not be taken to mean that a majority of business business business busi busi- ness men have suddenly become ardent admirers of the new deal dealand dealand dealand and the CIO Gb They are privately private private- ly as suspicious and critical of many Roosevelt policies as ever But they have reached the conclusion conclusion con con- at last that the hammer- hammer tongs and stuff wasn't getting them anywhere They decided that a cooperative attitude would improve their practical relations with government and end labor They feel they have left Mr Roosevelt no excuse to crack down on them themas as economic Lord That's the inside motive for their change of front Two developments of recent months played a big part in converting converting con con- venting the N. N A. A M. M to a policy of pacifism One Is the object les les- son In cordial cooperation tween the securities and ex h commission and the New Stock exchange which beneficial to the latter jt II The other is the fact that tha ers ens of both the and theare the theare are privately showing a d ii d deal al dire directly and reasonably business instead of leaning or 01 government and joining against business Far sight chiefs want to enc that tendency I The shift in N. N A. A M. M ogy is likely to have re far-re ing effects Shrewd Newl Newt observers comment that ness angle in the labor labor business triangle has fi changed from obtuse to acu acu au B In yesterdays yesterday's column we ported the view held in high higl York quarters that the Mu pact may play eventually lead to toT mation of a United States of f rope if it is able to survive few years the strenuous and ariA efforts to wreck it it Naturally a United State Europe would have to devel circumstances direct not In iii with our pattern of race language ag tradition will complicate mat ma matI I enormously But the esse esser point as keen New 1 see it is that if arms r are to be discontinued more mori must be created in peace And if industry ij flourish adequately the nur nui am ous Gus customs barriers in Eu Edi must eventually be abolished I If It is clear that our t try could never have built builta a high standard of living base baS efficient industrial methods out free trade between the st su Mass production and intern internal r. r toms houses just dont don't go go o gether I Another point not gener genei realized The dictators areTt areT to keep the bulk of ott It young men under arms until tl tF is something else for them t to The state feeds clothes an them them and and keeps them un ui control If suddenly they would be on the loose loos j unable to earn a living bees beca there are no jobs for them to That would inevitably result dangerous disorder M I Copyright 1938 for The |