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419
66 -16-
For instance, the Wall Street Journal -- I have just
marked a couple of things here -- the Wall Street Journal
says that Mr. Swope evidently accepts this as an ines-
capable condition of the times. So does President
Harriman of the United States Chamber of Commerce and so
does Floyd Carlisle, if one may judge from his speech to
the Bankers Association. Then Arthur Krock, in his
speech in Toronto, carries out the same theory, "A plan,
economic in form," he said of the program, "has been en-
larged and fashioned into an instrument of social welfare.
Its precise aim is to restore the normal flow of trade,
raise prices and reduce unemployment.
"But its larger objective is to bring comfort and
living security to the greatest number of people.
Whether or not you believe it is wise, just or can work,
you should judge it on that basis."
And then he said, further on, "those in charge of our
government policies at this time are not complacent. The
sufferings of society are uppermost in their minds, and
what they are trying to do is to relieve these through
new economic measures."
Now, of course Mr. Swope's plan is a very in-
teresting theoretical suggestion in regard to some ulti-
mate development of NRA. Probably there will be, in the
course of the next two or three months or four months
about 499 other plans looking to the future development
of this economic and social experiment called NRA. And
I think that all the discussion that there is about it
is to the good. It does no harm at all because ultimately
the mere -- what might be called the temporary mechanics
of NRA we have seen going on these past few months will
develop into something permanent which will have the two
fold object of preventing the tremendous economic swings
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"ocrText": "419\n66 -16-\nFor instance, the Wall Street Journal -- I have just\nmarked a couple of things here -- the Wall Street Journal\nsays that Mr. Swope evidently accepts this as an ines-\ncapable condition of the times. So does President\nHarriman of the United States Chamber of Commerce and so\ndoes Floyd Carlisle, if one may judge from his speech to\nthe Bankers Association. Then Arthur Krock, in his\nspeech in Toronto, carries out the same theory, \"A plan,\neconomic in form,\" he said of the program, \"has been en-\nlarged and fashioned into an instrument of social welfare.\nIts precise aim is to restore the normal flow of trade,\nraise prices and reduce unemployment.\n\"But its larger objective is to bring comfort and\nliving security to the greatest number of people.\nWhether or not you believe it is wise, just or can work,\nyou should judge it on that basis.\"\nAnd then he said, further on, \"those in charge of our\ngovernment policies at this time are not complacent. The\nsufferings of society are uppermost in their minds, and\nwhat they are trying to do is to relieve these through\nnew economic measures.\"\nNow, of course Mr. Swope's plan is a very in-\nteresting theoretical suggestion in regard to some ulti-\nmate development of NRA. Probably there will be, in the\ncourse of the next two or three months or four months\nabout 499 other plans looking to the future development\nof this economic and social experiment called NRA. And\nI think that all the discussion that there is about it\nis to the good. It does no harm at all because ultimately\nthe mere -- what might be called the temporary mechanics\nof NRA we have seen going on these past few months will\ndevelop into something permanent which will have the two\nfold object of preventing the tremendous economic swings"
}