Evening star., 1933-04-28

Americans feel that there Is no way
of testing in advance the wisdom OF
an inflationary move which permits de-
cisions to be made by single person
the President. There are no prece-
dents. In the absence Of any historic
answer to the natural query as to
whether imitation can be controlled,
there are expressions Of opinion in
favor OF confidence in the Executive
with the incidental argument that the
decisions should rest with the White
House rather than with Congress OPP
pOnents of the measure hold that any
evils that might arise would affect
wage earnerS.
.Of course. II economic forces are
beyond the control and influence OF
men" thinks the Oklahoma City Okla
homan, 1.-The President has begun a
battle in which he was beaten even
before the fight began, but win or lose,
he has proclaimed war with 1altn
and an enthusiasm that all but con-
vince his country that victory IS Ger
tain to crown its efforts"
That conditions may arise under
which the President will not be COM
gested by various newspapers, with the
hope that with immediate results from
a mild application of the proposed
remedy, it may be possible to check
further expansion. Among these pa
pers are the Birmingham Age-Herald
and the Atlanta Journal, the latter
stating that the choice is between
doing nothing to mend matters and
doing something under trustworthy
leadership" The Chicago Daily News
holds that "it might well be limited
as to the period of its operation to the
duration of the present emergency"
The Boston Transcript sees 1t as an
alternative to passage Of some measure
by Congress which would be radically
inflationary. without stopping either to
place proper safeguards or to count
the cost for the future"
Taking account Of certain Republi-
can objections, the Des Moines Regis
ter emphasizes the fact that 'the dis
agreement Is on methods" and that lit
is our national policy now, not merely
a party policy, to fight the depression
by reversing the price trend" The
indianapolis News also suggests lack OF
disagreement. with emphasis on the
point that apparently the opposition
argues that the grant Of power is po-
tentially dangerous. while the admin
istration contends that the power will
be used wisely" The Oakland Tribune
adds that "a public which is unframed
in following monetary discussions may
have confidence that any program now
being put forward is out OF the best
thought which has been available and
designed to meet the present situa-
ha
asks: "If such rush to get out Of
money of inflated value and into COM
modities and property does not start the
factories and create jobs, what will?"
We are not embarking," in the
opinion Of the Dayton Daily News,
upon a mad imitation; we are en-
barking, II the Government keeps its
head as we think it will, merely upon
O controlled money system meant, as
soon as prices rise to a reasonable nor
NAL, to stabilize prices and values. We
are IN, we hope, for q day Of economic
sanity and order and not return to
the hysterias Of the past speculations
to which so much of cur trouble has
been owed" Support Of the Roosevelt
position by the economist, Prof. Irving
Fisher Of Yale, is cited by the Louis
vile Courier Journal and the Morgan
town Domnion-News. The courage
and aggressive nature Of the Roosevelt
leadership are attested by the Charles
ton Evening Post and the Wall Street
Journal.
1.-The most glaring feature of the
condition" suggests the Fort Worth
Star-Telegram, "is the realization that
Americans generally would not be
knowing what has taken place had
they not been taken into the admins
tration's confidence. They would not
have been confused as among 'infla-
ticn,' and fledation' and relation II,
UadAall2s nnra money hagsp to non