The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1931-11-13
BY RAYMOND CLAPPER
United Press staff Correspondent
lCopYright. 1881. by The Timesl

United Press staff COrreSpondenf
Copyright 1881. by The Timesl
ALBANY, N. Y, Nov. 13-Legiti-
mate business has nothing to fear.
in the opinion of Governor Frank
lin D. Roosevelt, from national
Democratic administration.
The man, who for three years has
carried the executive standard OF
the Empire state and now is looked
upon as big presidential nomina-
ton possibility, made this view clear
here in an exclusive talk with the
United Press.
l had put it up to him bluntIy
that some financial sources were
Whispering that the possibility of a.
Democratic wave in politics was a
cloud disturbing to the Frightening
horizon of the business world.
The writer had been informed in
checking through Wall Street that
there was, in that important finan-
clal and business community. an
undercurrent of such feeling; and
that some of these sources might
swing to President Hoover for re-
election as against a Democratic
party candidate-even Roosevelt.
Doubtful of Democrats
The Wall Street doubters claimed
to be distruStful of Democratic in
t1uenceS and dubious of the power
tul southern influence in the party.
Roosevelt made it clear that he
! hnIlaWnC
record is sufficient answer to this
group and its expressed fears.
He himself was a member of the
wilson administration which put in
to effect the federal reserve act.
Insofar as there is any fear
among bankers or business men or
any executive control, it is fair to
call attention to the fact that in a.
great many states, in south as well
as north, we have had Democratic
executives, and legitimate business
lnterests-with the accent on legiti-
mate-have had nothing to fear
from these Democratic administra-
tionS," Roosevelt said.
"On the contrary, take New York
state as an example. We have had
Democratic administration con-
stantly in power since 1922 and dur
ing that time the actual business
of government has been simpliied
and made responsible, which it
wasn't before.
New York Success Cited
1--WE have effected very great say
lngs to taxpayers. Since I have
been in Albany, the tax burden has
been equalized and the financial
structure of the state government
has been put on sounder basis"
Roosevelt expressed the belief
that business men in New York
have developed, in the nine years
of continuous Democratic occu-
pancy Of the Governors mansion,
a confidence in Democratic party
executive ability.
He feels that New York state af-
fords a good test. 1t includes the
leading financial center of the world,
and is the nerve center of the
country's economic system.
1t is evident that not only Roose-
velt, but other party leaders, are
eager to break up early any feelings
that the Democratic party is mimi
cal to business. Prospective candi-
dates suggested as possible rivals to
Roosevelt for the nomination are
men of conventional economic views
Newton D. Baker and Governor
Albert G. Richie.
Murray Out in Cold
The elder statesmen of the party
have hidden the mantle of the
radical" William Jennings Bryan.
Governor William alfalfa BID
Murray is left as a lonely voice in
the wilderness, unheard by the
dominating insiders of the party in
the east.
Bernard M. Baruch, New York
f1nancier and counsellor of the party
leadership, in Washington only this
week, advanced an economic pro-
gram designed to give greater OPP
portunitie5 for business, a program
to which many conservatives could
subscribe.
1t involves opposition to debt
cancellation, lowering of the tariff 4
only where other nations come
down proportionately, and easing Of
restrictions of the antitrust laws.
He is an important influence be-
hind the candidacy of Richie, as
are others who feel slightly uncer-
tain whether Roosevelt is friendly
enough" toward business.
Follows Smith Precedent
Roosevelt is following the prece-
dent of Alfred E. Smith in lodging
discussion of presidential politics.
When the subject is mentioned. he
turns dumb, if not deaf.
His candidacy is taken for grant
ed here as everywhere else, despite
an tnsistence around the statehouse
that he is not thinking of anything
now beyond his present Albany lob.
He is one of the most active Gov.
errors New York ever had. Though
handicapped by lameness, he can
wear out his staff on a days cam
paigning.
He travels more than any other
Governor, and stands it well.
City to Celebrate