| Show Economic Economic Highlights Highlight s I j I that affect the dinner din din- ner palls pails dividend checks and tax taxi i bills of every Individual National I and International problems I arable from local welfare I One of the most Interesting and andi II i potentially far reaching phases of o t future stability for the nation I Ithe 15 s I the increasing Interest shown byl by industry and specially especially large corporate corporate cor- cor l in Industry matters of so- so aoI I dial cial as asell well ell as economic ance l I Prime example of this was pro pro- at the recent sonar aMual meet meet- ing of the National Association e If f representative or orI or- or I I c of most of the big l I producing goods concerns of th the e i country The president of the Association As- As sedation C. C N N. N Chester who ho 1 In n i i business life Is Chairman of th the e I Board of General FOods Corporation Corpora Corpora- tion sounded the keynote of th the e i gathering when he said Industry y cannot lust just sit back and enjoy th the e I fruits or of We must understand and un- better what has been happening hap hap- I pening since 1929 Now that th the e I course of the depression Is behind us lending Itself in n Us its entirety t to o I analysis it t Is the Job for far Industry general business and all affected I of our OUI economic hie to join I in creating a national de n study committee j Mr Chester then presented 1 11 y specific suggestions which he be be- be lives Industry should Mould follow Bust Busi- ass Week briefs them thus 1 I T To o continue making better g goods a at ot t lower Jower costs raising living standard standard but defending personal opportunIties des 2 2 Put all possible employ employ- abler back to work 3 Keep it its s house Irl i order 4 Oppose monopoly b. b Engender greater confidence 1 In ti workers 6 0 Promote public understanding under under- standing 7 Share the proceeds o or f industrial operations fairly among g workers management and investors invest invest- ors 8 Help create economic securIty Ity for all 9 While accepting its Insist that all other other oth- oth er interested elements Including labor organizations be made equally equal equal- ly responsible 10 Cooperate with government 11 Join other groups grous In a preventative study of depres- depres These goals were approved by the delegates to the meeting Most serious dissension arose over the Social Act which has many enemies as well as friends But finally the purpose or of the Act was though approved the Act itself it- it self was criticised in detail a criticism crl- crl that has been made often before and will very possibly lead to some revision of the measure inthe in inthe the next Congress The meaning of all this Is that all Industry Is making a determined determined deter deter- mined effort to strengthen every phase of Industrial activity to im prove and empl steady jots jobs The service industries are following following fol fol- I lowing suit salt For example the rail rall- roads and the electric utilities ar are doing everything possible to stabIlize stab stab- and increase their operations so as to employ the number num- num her ber of persons and render the highest public service National political Interest has naturally been focused on Washington Washington Wash Wash- ington during the past year As a result local governments have comein come comein in for on a modicum of attention I In 1937 however local politics I w wUl ill be of vital importance During January no less than 43 state stale legI leg leg- I will convene r Before Defore these legislatures will be 00 1 I many highly Important questions One of those questions Is that of relief Federal for I this purpose are gradually being reo re- d and tremendous pressure i will be on states to I lands funds to supplant the lo last t I Federal dollars Only a handful of states have i yet passed laws to bring their cit elt- I i zens completely under the Social Security Act In the bulk of et states I such laws x be up for debate i and considerable dissension Is in fn prospect Furthermore in n practically every state local problems of more than ordinary significance will be an anI I issue issup The question of public I urns omy and taxation Is looming larger every every day and the collection and andI I d disbursement or of public funds Is being more closely scrutinized In at least one state California revision re- re re vision of the state constitution la 13 considered Thus during the next month or two more of the political news in your newspapers will be given t t. t state activities Long debated has been the pro pro- proposal that the President of the United Stats should be restricted by law to but a single term of six years years' duration Prime argument in favor of the proposal Is that under present con coil Presidents are virtually forced to build fences during dur dur- lag ing their first term In fn an effort to assure re The single term would stop atop that long fished practice A bill to pave the way for a Constitutional Con Con- amendment making the proposal the law or of the land will wUl probably be introduCed in the next Congress i |
