Evening star., 1933-01-25
ROOSEVELT SILENT
ON BARUCH VISIT
Banker ard President.EIect
End Study-Cabinet
Post Rumored.
By the Associated Press.

By the Associated Press
WARM SPRINGS, Ga, January 25.-
Two days of intensive study Of the
world economic situation with Presi-
dent-elect Roosevelt were concluded
here today by Bernard M. Baruch, New
York financier
The New Yorker smilingly declined to
answer the question whether he would
be member Of the Roosevelt cabinet.
Nor would he discuss the details of his
long talks with the President-elect.
1t was believed war debts, which come
up right at the start of the new ad-
mlnstration, and the railroad problem
were uppermost.
Because Mr.. Roosevelt Is going to
use his Secretary OF State as his right
hand man in the forthcoming negoti-
atlons with the foreign nations on debts
and tariffs. the speculation persists here
that Mr.. Baruch or Owen D. Young will
be the man he selects for this post; but
1t Is only speculation.
Cancellation SheIved.
Attempts to draw out Mr.. Roosevelt
and his adviser on the stories coming
from abroad about the demands and
attitudes Of the other powers on debts
and economics bring only smiles here.
There Is no doubt Roosevelt has his
program and that it does not include
cancellation. of the debts, but that is
all that is known. He will do his own
trading
The railroad situation continues a
topic late today with Walker Hines,
wartime railway administrator, COM
ing in
Closely watching the perplexing rail-
road problem, Mr. Roosevelt is ready to
put into operation the principles he
enunciated in his campaign. The first
calls for the Government to announce
Its intention to stand back of the rail-
roads for specified period"
The Roosevelt program calls also for
revision Of Federal laws on receiver
ships, consultations, regulation of motor
bus traffic and Federal control over rail-
road holding companies"
Despite the intense interest of Roose-
welt in the railroad situation, there is
no sign that he would sanction a period
of Federal ownership and operation
Baruch remained over for today's
meetings, which were joined in by
Swagar Sherley of Kentucky, one of
the economic advisers of Roosevelt.
William H. Woodin of New York,
president of the American Car g.
Foundry Co., who has been consulting
with Roosevelt on railroads, arrives to-
morrow.
An emissary of Mr.. Baruch informed
newspaper men last night after a talk
with him that there was no connection
between his visit and those of the rail-
road experts.
Finds Working Basis.
Meanwhile, Mr.. Roosevelt has a work
ing basis through the forthcoming
meetings with Great Britain. Italy,
Czechoslovakia, Finland, Latvia and
Lithuania, who met their installment. to
negotiate an understanding on the
World Economic Conference He will
insist, most certainly, on something
from this parley in return for oebt
relief.
The speech of Neville Chamberlain,
British finance minister, reafflrmin9 the
British attitude of all-arcund cane, liz
ton of war debts and reparc t. rs,
brought no responce from Nj. Eoc5e-
welt, who has his cwn ideas CT going
about the world economic tango.
The announcement that IAcrmit
Roosevelt, son of the late Republican
President, Theodore Roosevelt, is ac-
companying Franklin D. Roosevelt on
his forthcoming fishing cruise in South
ern waters, caused some speculation
here, for the two Roosevelt families
certainly have been on opposite sides
of the political fence.
However. both Kermit and the Presi-
dent-elect are distant relatives Of
Vincent Astor, who is host OF the
yachting trip. His yacht, the Nourma-
hal, will be used for the Today voyage
at sea. beginning from Jacksonville,
| February A.
Other u,,actc jpcInda caoro. G.
George Tucker of Tuxedo, N. Y, an
| other Roosevelt relative; Judge Fred
erick Kernochan Of the New Yor City
Court Of Special Sessions, Gus Cen
nerick. personal aide, and two secret
service men.