The Waterbury Democrat., 1932-08-09

political OUTLOOK IS conQltleHSo ON the business outlook. That is why Eugene Meyer has resigned from the chairmanship of the Recon struction Finance corporation and has broken away from his desk as governor of the federal re. serve board to get busy in Wall street with undefcover work des. iRnated to push business recovery.
 There are two sobering aspects to the situation as it now stands.
 One is the attention that will be directed to prohibition if the pressure of the economic crisis eases. It would make more diffi- cult the republican strategy of carrying water on one shoulder and liquor on the other, of dis cussing the noble experiment. with the emphasis on the noble" in dry states and the "experiment" in wet states.
 The other sobering aspect is that high pressure business bally- hoo now may lead to reaction by November should the stock market over-reach itself. Some of MT Hoover's advisors are con- cerned on this point.
 If the public should go into the markets now and be snuffed out in another downturn, the result ing bitterness would react direct ly on the republican candidate. Therefore officials here, while cautiously cheerful, are being urged to play their ballyhoo pianissiYno. There will be plenty of time for louder music later on.
 Government economists, while thus tempering their optimism, are strongly impressed by the ma jor gains in commodity prices. They feel that if these gains con- tinue until Labor day, the foun- dation should be laid for sound recovery when the normal sea- sonal upturn in trade begins in September.
 Chairman James Stone of the farm board viewed the decrease of 5,7s0,000 bales in the. cotton crop estimate as pretending meas. urably better times for cotton farmers.
 The new home loan bank board. which was to take office to-day. expects to proceed quickly with creation of eight to ten home loan banks in key cities. Several cities are putting in bids for the banks to be. located in their communi- ties.
 Chicago, Aug g. (UP)-Calvin Coolidge will make several ad- dresses in an active speaking cam pangn to help send President Hoover .back to the White House, ] Chairman Everett Sanders of the republican national committee aI1- nounced here after a visit with his | former chief. Sanders was secre- tary to MT Coolidge when the lat ter was in the White House. Sanders, his chubby features circled in smiles, diffused optimism over republican campaign prospects as he made his statement that Coolidge would speak for MT Hoover.
 "Mr Coolidge hasn't quite made up his mind," Sanders said, "re- garding just how many speeches he will make. No definite dates or occasions have been arranged. But previous gossip and rumors to the contrary, MT Coolidge will take an active part in the campaign" There had been a growing be- lief that the former president would not come out of his semi retirement in his Vermont and Massachusetts homes for the Hoover drive. Sanders gave di- rect denial to such reoprts. Sanders statement came on his return from a series of visits to republican leaders in the east which included a stay in the Cool idge home at Plymouth Notch, Vt.
 Though refusing comment on business conditions in general, the republican chairman did reveal that depression has not left the former presidents Vermont retreat untouched.
 "The old cheese factory down the road a piece from the Coolidge home," said Sanders. "has been closed down because of lack of business. But there are several new factories, mostly small ones that make up for the loss of the cheese plant.
 "The weather in Plymouth Notch was cool-cool enough for a little fire in the fireplace. The folks were sleeping under blankets at night"
 Sanders revealed a new wing is being built on the Coolidge home.
 "The addition isn't quite finish- ed" he said, "but it will be mighty comfortable when it's done"
 Sanders will leave to-day for Washington, D. C.. for the notifica- tion ceremonies. 4 Job Hunters Busy New York. Aug g. (UP)-Re- publican campaign headquarters at the Waldorf Astoria hotel will not be opened officially until next Monday but some 150 job hunters Ia day are arriving at the semi- furnished campaign suite. 4 grim and efficient hotel em- ploye, a square jawed' woman wearing Q blue beret and polka dot |dress, rapidly shooes them of. Democratic headquarterp, funo- tioning several weeks, has had more than 5000 applications for |the 60 or co jobs available, aii -..-'.--.;.-~'