Show business BLI siness finds new deal foe competition with private enterprise holds up employment numerous berous statements made by busl bust ness and financial leaders of the coun try aw called attention recently to the fact that the government Is 1 corn com peti ped ig with private enterprises on a large scale it Is the opinion of some of these commentators that this corn com petition Is responsible resi in large meas sure for continued widespread anem 11 ll dment orrin G wood president of the ILI in vestment bankers association of lu america klu of progress made auw toward a rd recovery in 1935 said yet certain governmental policies ended would prove a great stimulus to business and employment one Is the cessation of government compe tit mitlon I 1 on in the field of business en enter er prise such competition can never be on a fair basis and must necessarily impair business confidence if increased and C continued the amazing one of tl e most amazing of the or created by the new deal Is the federal surplus commodities corporation it Is one of five corpora dons formed in delaware financed by government money but operated bately the corporation was intended to handle surplus agricultural prod nets what will become of it in view of the supreme court courts s annihilation of I 1 the AAA Is questionable the corporation is empowered to en gage in extensive banking operations it Is authorized to purchase and sell all sorts of agricultural commodities and to engage in any activities in connection with production shipping storing exporting warehousing han citing preparing manufacturing processing and marketing of both agrical tural and other commodities and prod nets thereof this socialistic federal concern need make no reports to con grebs the home owners loan corpora n has indicated that its lending activities will be ended by april I 1 it will ta tien en have loaned 3 on wl ich it has acquired an interest in homes the corporation Is nov no v engaged in collecting interest and principal payments from citizen debtors payments are ale running about 80 per cent indicating that uncle sam will soon find himself deep in the oc cu pation of managing real estate threatens bank loans the farm credit administration Is speeding up threatening to leave little tor for the private bankers in the field of loans to farmers the reconstruction finance corporation Is turning to railroad loans loans to pall ties have slowed up under court attacks the alie IN ork belief relief program now at its peak has aroused the ire of busl bust ness in various areas because of its interference with wit h h hours 0 ur S wages wage 8 and other conditions of private enterprise |