The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-01-22

The New York Herald Tribune: 'The thing that
the President has to say-the things on which ne is
specific and definite-are the side of reassur-
ance 1t is the things which he leaves uneX-
planned or which he implies in broad general terms,
that will give pause to those who read his message
with care. These hints may constitute an astute
political gesture"
Atlanta Constitution: "The message cuts the
pattern for business and it will proceed to
cut its cloth accordingly
The Birmingham Age-Herald: eve may take
for granted that, despite inevitable outcries from
conservative quarters Congress will enact legisla-
ton giving the President what he wants. The
truth is there is nothing else to do, unless we are
to assume the mpossibility that the Admlnlstra-
ton can retrace its steps in the monetary field"
The Philadelphia Public Ledger: "The general
purpose is clear-to make end of the prevailing
depression and to build a monetary and financial
structure which will effectively withstand
future shocks. The country will work with the
President and Congress to see it through
The Philadelphia Record: "This experiment
plavs right into the hands of the selfish moneyed
interests, which brought this country into depres
sion.'
Kansas City Star: ''The business world accepts
the Presidents latest statement as, the whole, |
a reassuring and conservative announcement of
policy"
Tha 6n
clarations for sound money will lay by the heels tire
fear of printing press money"
ST. Paul Pioneer Press: perhaps there is no
better standard than the old but at least the Pres
dent is determined to find out whether the science
of economics may not be capable of some conetary
standard and control which will spare the country
the havoc every seven to eleven years of these
violent business catastrophes."
Boise Odaho) Statesman: "Perhaps it is neces-
sary in the emergency, but the measure seems |
strangely parallel to taxation measure whereby !
the Government would take over 40 per cent of |
every farm factory and store in the nation
Lincoln (Neb.) Journal: 'There is no doubt the |
President will push the inflationary program along
If the consequent boom can be made to last
until the next presidential election something will
have been accomplished at least for the Admins
traton. The prevalent idea now seems to be to !
take action and to reckon the cost at our leisure
Cincinnati Enquirer: "By recommending the
use of ST. 0OO 900 of the profit gold through
devaluation to set up a sterilization fund, the
President plainly indicates he wants to establish
de facto gold value for the dollar and eventually
return to the gold standard by law but only after
agreement with foreign nations
| indianapolis Star: "The sophristries and argu-
ments of the Brain Trust may convince some, but
do not get around the fact that the billions of pro
fits in the devaluation of monetary gold is being
confiscated from those who have paid for it under
standards that prevailed in this country nearly
century"
| Des Moines Qowa) Register: Forgetting poll
ties, have step toward dollar sterilization
which will leave only ten-pont range for the dol
| lar to fuctuate in We have been close to that
| for month more, without the legal acknowl-
edgment. The effect of legal acknowledgment
! should be-and of course the effect was designed
| to be-to encourage the beginning of that invest
ment of private capital which has got to be en-
couraged if the. Government is to be able within
the next year to begin tapering off On the provid-
ing of our industrial finance"
| ST. Louis Globe-Democrat: &c. These (the
Presidents) words give encouragement to the be-
lief that he desires so far possible to relieve the
uncertainty as to monetary policy OF the Govern
ment. :. by the assurance that he is endeav
oring to establish not only sound currency but one
| that will be reasonably stable pending definite
sterilization through international agreement
/ Los Angeles Times: at is better than complete
uncertainty and it will permit certain amount Of
planning ahead. 81
| Syracuse On. " Post Standards: president
Roosevelt's definite enunciation of monetary policy
will increase confidence at home and abroad"
The Boston Blobe: "There is nothing in the
message which can encourage the advocates of pu
,,fla