The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1932-11-10

IL seems TO be agreed That
the change in political admin
istrations will not halt an up
ward trend in economic con-
ditions, although it is empha-
sized that cooperation from
all parties and all classes will
be essential from now until
the upturn has been strongly
demonstrated.
Il can see no reason why chang
ing of administrations should halt
our progress toward business re-
covery," said P. w Litchfield, pres
ident of the Goodyear Tire and
Rubber Company.
with friendly congress and a
competent cabinet, and the vast
public confidence in him which is
indicated by the vote, Mr.. Roosevelt
will be in strong position to car
~ vi, TIC dOQ6Q.
Will Hays Urges Cooperation
"One of the time-worn maxims
from the copy book" said Francis H.
Sisson, e-president of the Guar
anty Trust Company of New York.
is now is the time for all good
men to come to the aid of their
party think we might well adopt
this as our slogan, substituting the
word country for party.
THE country has had a vast
amount of economic education in
the last few weeks, and it is to be
hoped that from it will emerge q
better understanding and wiser action
in the solution of our economic
problems. That the resources and
man-power Of America, properly
directed, will make this possible
seems assured"
Will Hays, power in the motion
picture industry, former postmaster
general, and a Republican, pleaded
briefly for cooperation.
"The principal business of Repub-
licans," he said, sis to help make
good the promise Of early employ
ment and prosperity made by both
parties. The depression is on the
run. We will finish the fight now"
Recovery to Speed Up
William H. Woodin, president of
the American Car and Foundry
Company and a director of the fed
eral reserve bank Of New York,
said:
Prior to Mr.. Roosevelt's nominal
ton for President, I said big bust
ness has absolutely nothing to fear
from Governor Franklin D. Roose-
velt as President. With Mr.. Roose-
velt elected by the overwhelming
vote of the people, and with the
certainty of a congress sympathetic
to his aims and ideals, I now re-
interate this statement.
I'm my judgment the forces max
ing for business recovery will move
steadily ahead at an accelerated
pace under Mr.. Roosevelt's guild
ance."
Alfred P. Sloane Jr., president of
General Motors Corporation, made
the following statement
I'm my opinion there is ground
for the thought that there will be a
certain amount Of hesitancy as the
result Of the change in administra-
ton until more is known of what the
new policies are to be.
This suggests the prime impor-
lance and helpfulness of the earliest
practical announcement Of such
policies, as well as the names Of the
who viii be directly con-
cerned.
Confidence Is Renewed
"On the other hand the strong
mandate given the new administra-
ton is certain to establish great
the world over that ma
tional and international questions
vital and fundamental in the build
ing Of broad foundation of eco
nomic recovery now will be dealt
with aggressively and constructive
ly, something that apparently has
been impossible before"
Melvin A. Traylor. Chicago bank
er, said:
AS citizen, not as a partisan,
1 sincerely believe the results of
the election may be accepted in a
spirit Of genuine hopefulness. The
party viii come into power with
such an overwhelming mandate
that there can be no room for di-
vided responsibility, with the conse-
quent ineffective and futile results
Of divided administration such as
characterized the last session of