The Washington times., 1933-07-29


Crash May Smash Industrial Recovery; Administration
Worried" Then I'd be fairly confident that we were
on the high road to recovery because we could take IT,
Work and Pay
What we can look forward to now is recurrence OF
the old maxims and shibboleths of 1929-which were
taken in good faith for 18 months during which energy
and clear heads might have saved us from the worst OF
the depression.
What is going on in Washington is complex that it
becomes at times mysterious but it that our re-
coverv is to be based few fundamental things such
as work and pay and is not to be too much involved in
international trade gold standards and the ike Inc new
DEVELOPMENT seems to be this that to go
on regardless of Wall Street This will be novelty and
the best trick of the year if it works.
Getting Home
notice two odd things in the attitude of people to-
ward the new game of code-making Listening to the
talk of number of industralsts in the past lew days.
discovered that fundamentally they do not anticipate
making less money under the codes They may make
less the first year and the second but they do not think
the codes will disappear by magic after the legal two
years are up Thereafter they count on so much bus
ness that they will reve in money again.
On the other side and women who have been get
ting less than SIS week, and many who have been get.
ting more have suddenly become aware of beautiful
fact: these codes really mean something to tnem' by
September lot of them will have So or "a more
week to spend 1t is like gift from on high And the
surprising thing to them is that the good old Govern
ment once the receiver of taxes and runner of post
Offices responsible If Mr. Roosevelt had distributed
the pay checks out of his own pocket they couldn't
be more pleased Because they believed that any
thing like that could happenhey thought that govern
ment had nothing to do with their private lives
Bombing Work
few weeks ago Mr.. Roosevelt casually flung bomb
shell into the conference halls in London-a bombshe
not as some people thought, stnk-bomb. I mean his
reference to new kind of dollar Professors had talked
about it for and economists had sighed for it as
an unapproachabe ideal, and, without warning in the
midst of thousand other perpextes, Mr. Roosevelt in
dicated that he had just that kind of stable money IN
mind-for practical purposes.
wish he would repeat simply by saying that his
plan for 35-hour week is really step on the way to
the elimination of labor Temporarily we all want lot
of people to be at wor-12 100000 than are at
work today But it would be nice if President re-
minded us that this is only measure for today and to-
morrow and next year, and that after that we ought
being full of prosperity and confidence to plan
the other way-so that ultimately fewer and fewer peo-
ple were at work and more and more at leisure
AS far as business is concerned, it doesn't matter
whether the money spent is earned money or found
money or money doled out by the Government income
paid by law to every citizen AS far industry con-
cerned it doesn't matter whether 1O,OOO,OOO are
made by $4,000 people 1OOOOso long as the cars are
well and profitably made. So both sides work itself
ceases to be virtue nation of spenders is the
ideal with few enthusiastic experts to run the ma