Evening star., 1933-11-30

Widely divergent views as to the effect
of the administrators gold policy are
reflected in editorial comment called
forth by the resignation of DR.. Sprague
and recent statements by DR.. Sprague
and Alfred E. Smith.
Many observers agree with the At
lanta Journal, which says: "UnreStrafned
imitation is the very thing which PreSl-
dent Roosevelt and his trusted coun-
selors are resolved to avert. Equally
they are determined that unreStrained
jefiation, with its ruinouS and cruel con-
sequences, shall be stopped, and that the
debt paying and purchasing power OF
the American dollar shall be staolnzeo
in the interest of all the people. AS 10
how this can best be done. there are
honest differences of opinion. But tnat
IL ought to be done is generally granted.
And the President. against the combined
opposition of selfish interests and inn
patient ignorance, is trying mantully
and. we think, effectually, to do 1t.
Those to whom true democracy and
even-handed justice and orderly prog
ress toward better times mean most
should stand in solid battle ranks be-
hind our President"
The Philadelphia Evening Bulletin
likewise credits the President with
desire to avert monetary imitation, but
is disturbed lest "in spite of his faith.
his experiment in favor of a managed
currency" should lead to "a point
where direct imitation Will be IN
evitable."
where we are isn't the menace,
hot
the Fort Forth Star-Telegram. 1T is
where we aren't" and this paper calls
attention to the fact that, ION the face
of existing conditions, there is little
more reason to fear that something Will
happen than existed in the 'stabiliza-
ton crisis. The Nation appears" II
adds, ito contain number OF economic
Don Quixotes, who are erecting wind
mills at which to charge valiently in
fine frenzy" To the Yakima Daily Re
public, however, 'the alacrity with which
sensible men are getting out from under
is a portent of the storm that is COM
ing" and the San Jose Mercury Herald
thinks it is hazardous" to stake every
thing on the judgment of one or two
professors"
marks the Abilene Daily Reporter, lis
that we are 'mercurial people, and
that we should strive against being un-
ity calling" Individuals" says the
Rock Island Argus, may think what
ever they please about the workability
of the administrations money plans, but
those plans are at least aimed at mini
MIXING the power of selfish capital and
labor interests to subject an entire Ma
tion to such suffering as this Nation mas
undergone in the last three years. So
far as our observation goes, the people
have not lost faith in Mr.. Roosevelt.
MulitudeS are persuaded that II was
the sins of big business that brought on
the depression. That is one reason why
they are unwilling to accept the counsel
of the more conservative-m1nded, even
some within the Democratic party.
whom they identify with big business,
concludes the Argus.
The Danbury News-Times sees the
country lined UP on either side Of the
question as follows: ION the side OF old
fashioned money are, as rule. those
who wish to acquire pledged properties
at the lowest figure. On the side of the
new money are the debtor group, who
wish to pay in the same quantity OF
goods In which their debts were con-
tracted, and upon the side Of these, the
very small group that Is concerned with
making the world q better place to live
in, by creating currency fair to debtors
and creditors"
"If We accept the monetary program
at the evaluation Of its sponsors" de-
clares the Haverhfll Evening Gazette,
'the proper procedure Of resistance to
uncontrolled imitation is that Of quelling
unwarranted fears of printing -press
money rather than that Of opposing the
gold-buying policy; and the Youngs-
town vindicat states that while the