Evening star., 1933-10-30

Failure Of commodity prices imme-
diately to go up and stay up in response
to the gold.purchaSe elixir prescribed
by DR.. Roosevelt causes no dismay at
j jective E is not a Rome that he expects
will be built In q day. T. D. R. was lar
from concrete and clear in some phases
week ago. But he was definite when he
admitted it might be "one. two or three
years" before the goal OF higher prices
Is reached. The country will re-
member, too, that Mr.. Roosevelt SAID
he pledged no miracles" when he TOOK
office His disinclination to do so today
is Just as strong. Nor Is the President
the least bit upset by the criticism and
skepticism which his currency plans
arouse in Wall Street and among many
accepted financial and economic au-
thorities, both in America and abroad.
His anxiety on that score is all the
less as he recalls the "dire predictions"
when we left the gold standard last
Spring, none Of which has panned out,
as exemplified by the unimpatred credit
of the Government, despite what the
President calls the prophets OF evil"
BY general consent, the man who has
come farthest and quickest in the new
deal Is Jesse H. Jones, chairman OF the
Reconstruction Finance Corporation.
Outside Of the President, and with the
single other possible exception OF Gen.
johnson, no man in washington today
occupies a place Of vaster authority
than the Texas business magnate. On
der his leadership the r. F. G. not only
is the seemingly bottomless reservoir
from which recovery and emergency
projects are being financed, but It Is the
billions Of dollars frozen in closed banks.
In addition to all its other RESPONSE
bilities and power, r. F. c. has Just be-
come the medium through which the
Nations currency Is to be "manageo
through purchase Of new American gold.
n was after he bagged the Democratic
National Convention for his home town
of Houston In 1928 that Jones became
a widely known national hgure. He Is
a Tennessean by birth and began life
as a lumberman. Today his business
interests are as wide as Texas itself,
embracing banking, hotels, ofhce bu1lo.
ings and apartment houses and most
of other important enterprises. Not
vet 60. Jones' admirers believe he has
by no means reached the limits OF his
i
Speaking Of r. F. c., Cleveland,
Ohio. friend of Herbert Hoover IS send
ing the following letter to newspapers:
while we grope for the sun. let 1t be
kept in mind that the one substantial
and certain new hold on actuality which
the country has gained, which can be
said also to possess actual proof OF
workableness and favorable result, Is
the Reconstruction Finance Corporation
idea, in creation and first experiment
the idea of Herbert Hoover. President
Roosevelt, with considerable relief. dis
covers favorable responses to his pleas
for patience and understanding. Hoover
laid the salutary foundation therefor
with the people and already has for
gotten the sniping tactics Of his foes"
Another daughter (the youngest) Of
william Jennings Bryan may follow IN
the diplomatic footsteps Of her sister,
Ruth Bryan Owen, American Minister.
to Denmark, II q movement Just
launched on her behalf gains mo-
mentum. The lady in question is Grace
Bryan Hargreaves Of California, at
present q resident Of Washington.
Friends are booming her for member
ship on the United States delegation to
the Pan-American Conference In Uru-
quay in December. Mrs. Hargreaves
toured South America with her par
ents in 1910 and Is said to enjoy wide
personal acquaintance among leaders IN
the Latin republics. She lived in Wash
ington during her fathers secretaryship
of State. Since residing In California,
Mrs. Hargreaves has been an active
member Of the Council on International
Relations at Los Angeles, specialxing IN
Ger In the Women's Democratic League
Of Southern California, she was dele
gate to the Chicago convention In 1882.
Admirers describe Mrs. Hargreaves as .
twin Of her sister Ruth In respect Of