Evening star., 1933-03-16
Show of Public Confidence
Made Factor in Bank Revival

His handling Of the bank crisis in
such q way as to maintain public con-
fidence inspires strong commendation
for President Roosevelt. The vigor Of
his attack upon conditions that existed
before the bank holiday Is credited with
strong psychological effect, in addition
to the benefits that are held to have
been derived from prompt action and
the sound measures adopted
Most people will suffer nothing be-
yond temporary Inconvenience" says
the Newark Evening News. with the
conclusion that this Is really wonder
full thing. for which they can thank
vigorous leadership and their own cour-
age and good humor." The New York
Sun observes that confidence displaced
the jitters, and that, after all. was the
thing most greatly desired" This feel
ing Is supported also by the Philadel-
phia Evening Bulletin, which finds a
contributing factor in the demonstrated
return Of public confidence" News
papers which are convinced that CO.
operation combined with confidence
produced success are the Jersey City
Journal, the San Antonio Express, the
Louisville Courier Journal, the Nash
vile Banner, the Buffalo Evening News,
the Dayton Daily News, the Spokane
Spokesman Review, the Boise Idaho
Statesman, the Milwaukee Sentinel and
the New orleans Times -Picayune.
Something clicked" declares the
Fort Worth Star-Telegram, land with
the contact came the first suggestion of
cooperation noticeable since the crash
Of 1929" That paper concludes that
the simplicity of it all is its obvious
virtue" The San Francisco Chronicle
feels that the press played vital part
in holding the Nation steady" while
the Chicago Daily News AYERS that
with virtual unanimity the American
people applaud, and are greatly heart
ened by the courageous, vigorous and
buSineSSlike manner in which President
Roosevelt and Congress met the ma
tional emergency" The Indianapolis
News offers the estimate: "The ex-
perience with the four-day suspension
Of bank facilities taught the people that
their wealth is not In money, but In
their material resources, their social
organization, their system Of govern
ment and their faith in credit" The
Rutland Herald. pointing to the effect
on gold and currency, adds that ''it has
brought matters into light and under
standing that hitherto have only been
hinted at and made the subject OF
vague rumors." The Atlanta Journal
makes the appraisal: The country
emerges from one of the stressful weeks
of its financial history, not only with
the material factors of the problem
working surely and swiftly toward a
solution, but also In the most reasonable
and most creditable state Of mind 1t has
known for many a year"
Belief that o new high mark OF pros
perity will be attained as a result OF
the experience Is expressed by the
Charleston. 8. c., Evening Post and
the Rochester Times Union, while the
Charlotte Observer remarks: REIN
forced by the confidence and faith OF
the American people, the President Is
cutting straight through to the neceS-
sary objectives." The Danbury News
Times sees the mess about to be
cleaned up, with q new and fair start, u
while the belief In greater prosperity
IN the future Is upheld by the Portland
Oregon journal and the Cincinnati
Times-Star. The Asbury Park Evening
Press predicts . uniform banking pol
icy controlled In Washington, for the
not far distant future"
Beneficial effects on the gold situa-
are recognized BY the Boston Tran
script, the Roanoke World-News, th2
Scranton Times, the New York Times
and the New York Herald Tribune.
Considerable commendation is given
to President Roosevelt for his prompt
and vigorous action, with recognized
Psychological effects, by the San Jose
Mercury Herald, the Omaha World
Herald, the Birmingham Age-Herald
and the Chicago Tribune. The Hart
ford Times concludes that the Presi-