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– December 3, 1934

If it may be assumed that the recent remarks of administration leaders reflect their honest convictions and are not merely an attempt to bolster business confidence with more words, prospects for the future have materially brightened. Mr. Richberg has stated that he favors clarification of section 7A, NRA (presumably in a manner which will discourage extravagant demands by the A. F. of L.); that he is opposed to drastic changes in work hours, such as the 30-hour week we suppose; and that he favors a minimum of government control over industry.

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