The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-11-27

SEES T. R, ON !
MONEY POLICY
But Acting Head Of Treas
ury Silent After Sun
day Conference
By FREDERICK A. STORM
limited Press Staff Correspondent

by fNEbENkSh ~ - ONHi
United Press Staff Correspondent
WARM SPRINGS, Ga; Nov. 27.
GLP)-Tha nations complex fl
nancial picture was surveyed from
all angles yesterday by President
Roosevelt and Henry Morgenthau,
Jr., acting secretary of the treas
ury.
The long-heralded conference
between the two men took place
in the little open touring car of
Inc chief executive. For more
than two hours they discussed
their problems as Mr.. Roosevelt,
at the wheel. drove slowly through
the red clay roads of southern
Georgia.
eve talked over affairs of the
treasury" Morgenthau said at the
conclusion of the meeting. amy
: thing further will have to come
from the president"
| He declined to state whether
decisions of Importance were
reached or to comment on the
gold-buying experiment in partic-
ular or the entire monetary policy
in general.
Morgenthau. Immediately after
obtaining the views of Mr.. Roose-
welt drove to the railway station,
where he boarded a train for
Lynchburg, Va. From that place
he planned to take q fast plane
that would put him in Washington
early today.
Friends of the administration
did not look for the president to
comment on yesterdays meeting.
They pointed out that the char
acteristic silence that has marked
all queries and criticisms concern
ing the monetary policy was ex-
pected to prevail.
At the same time it was felt
there that the monetary pohcy
would continue unchanged, a
course that the little white house
indicated clearly at last fridays
press conference. ,
When Mr.. Roosevelt concluded
his business with Morgenthau ne
turned to a discussion Of the pub
lie works program with Secretary
of the Interior Ickes, who also is
head of the country's gigantic
construction program.
1t was assumed here that the
president and Ickes also went over
in detail the part the public works
administration will play in coop.
Grafton with the newly-created
civil works authority, which has
been entrusted with the task OF
putting four million idle men to
work by winter. :.
During the week Mr.. Roosevelt
will follow through on the re-em-
ployment program in a meeting
with Harry L. Hopkins, federal
relief administrator and also chief
of the civil works. Hopkins wrs
!! slated to visit Warm Springs IN
the next few days.
The second Sunday of Mr..
Roosevelt's stay in his Georgia
retreat was signal for a steady
stream of motorists to pour into
Warm Springs to look over from
distance his home on the RIM
of Pine Mountain and also in the
hope of catching a glimpse of him.
The president. determined to
handle only the most imperative
of national problems, put off un-
til today the reading and signing
of the 25 codes of fair competi-
ton that were brought to his desk
by General Hugh S. Johnson, ma
tional recovery administrator.
1t was stated, however, at the
temporary executive offices that
the code for hotels would become
effective today but that the hotel
owners would be allowed a ten
day grace period for unavoidable
violations of it.
The hotel code was signed some
time ago. it was explained.