The Washington times., 1933-04-05

GILBERT dred, of us were in the stock market
at the peak when according to the usual story all
of in the market" great many of would
doubt like to get back in the market but still do
not know what to for &c. significant the
message securities was it did not to affect
personally.
Private Lives
The general principle does It affects those great
tons of lives to which statesmen have been long
indifferent-the highly private section in which buy
shoes and eggs and have suits turned and
shaving and tear shoe aces at the most ncon
venient moment Just you cannot walk through the
streets of New York without being solicited to buy four
pairs of shoe faces for cents The vendor does not tell
you the whole truth he is not yet under the
command He tells you in fact only one price, leaving
you to infer that the quality is just about what you
would expect He suggests, family that getting
bargain. Perhaps you are.
But even "the best sellers" in America are under
obligation to tell you anything more than very loose
law requires. There regulations against mis-
branding but who are you and to know what trade and
technical may mean? Drugs held to strcter
account yet ether used in surgical operations has been
found impure see for example book called 100 O0o,
few points acting the theory that it important
to protect the lives of the hundred million than to increase
the profits of hundred thousand. But it has never
until now suggested that the prosperity of the whole
population is important than the profits OF the few
Really Looking Forward
The hidden strength of nearly all of Mr.. Roosevets
major actions lies in this: that they are based on de
mite conception of what America has become in the past
twenty years and what it become in the next twenty
This is novelty. AS far statesmen have had ideas
IDEAS DaSeu OIL
had been in the past. I recall George Wickersham
protesting against certain restrictions individual rights
the ground that must not give the methods by
which had grown to greatness. Yet Mr. Wlckersham
himself grown to certain greatness was not enjoying
the diet the exercise and the freedom he had experienced
as young He simply refusing to acknowledge
the dreadful fact that America had grown up and
changed He wanted the country to be what it had been
when he was young.
Hoovers Misfortune
The same thing was true of Mr.. Hoover. He was born
in the Middle West when free land abounded and when
men could move about that if they couldn't make
living in place they could go to another. 1t was
time of actual indvduaism and actual ruggedness And
the fatal defect of Mr. Hoovers mind that ne acted
in 1888 if the habits of 1875 still appropriate as
if did not need to learn ways of living together
after had gone through the great industrial revou
ton and had become world power financial and indus
trial giant instead of agricultural and pioneering
youth.
When Mr. Roosevelt says that the seller (of cloth or
bonds puffs must tell all the TRUTH he suggests
what we all know-that we, separately, can no longer
cope with the complexities of industry and commerce.
that science and invention have got too far ahead OF
and that if the state does not protect we will first
be cheated then robbed and finally driven to violent
rebellion In this very message he said that If the seller
is compelled to tell the truth about securities new cont
dence will rise and more stocks will be bought Isn't
there tip for business whole, in this suggestion!
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