Evening star., 1934-10-28
ASKED
AGAIN FOR VIEWS
Organized Business Prods
President to Clarity
Policies.
BY the Associated Press.


Organized business, noting a grow
ing rapprochement between the ad-
ministration and industry, neverthe-
less renewed its request upon President
RooSevent yesterday for q statement
of his objectives.
The Chamber OF Commerce of the
United States placed particular en-
phaSis In q fortnightly review of busi-
ness developments on what it saw as
encouraging signs that business men
and the White House are finding a
common approach to the problems Of
recovery. There existed a growing
realization" the chamber said, that
this peace must come about through
the revival Of industry and employ
ment."
But, 1t added. further improvement
is contingent upon the more explicit
setting forth of administration aims
in the legislation it will offer and the
SPECIFIC steps it will propose in carry
ing forward its program when Con-
gress convenes."
Roosevelt Silerce Expected.
Thus the chamber renewed its old
and previously un.ulfilled request for
an exact statement of the Rooseveltian
plans. Like its forerunners. the re-
peated question is expected to 60 un-
answered. Mr.. Roosevelt has made 1t
clear that he has 10 idea of restrict
ing his future policies on the currency
relief methods and other vital
questions by making definite state
ments at this time.
The chamber saw indications Of "a
conveyance Of the general aims of
business and the administration" in
Mr.. Roosevelt's speech before. the
American Bankers Association, which
was followed by professions Of will
ingress to cooperate. expressed in
formal resolutions.
The convention, through its speeches
and statements made by representative
bankers, brought out what apparently
was q general view that right at the
moment business is picking up. There
is growing demand for bank credit
and the volume of loans outstanding
has been on the increase for the
last month.
Fear Called Deterrent.
However, many speakers voiced the
conviction that the chief problem of
the day is still that Of inspiring con-
fidence in minds of the Nations busi-
ness men which will lead them to ex-
pand their business operations. Fear,
it was asserted by many, is still hold
ing industry back despite a feeling
that the time has come when busi-
ness may proceed with q reasonable
expectation Of profit.
The banks we're said to be not only
willing, but eager to make loans. The
present dificulty. however, was de-
scribed as a lack of demand for such
loans despite the increase in bank
credit outstanding, which has come
with the last few weeks.
The bankers were encouraged by
Mr.. Roosevelt's promise that as quickly
as they begin meeting the credit
needs of the Nation, just so quickly
will the lending activities Of the Gov
ernment be curtailed. Chairman
Jones of the Reconstruction Finance
Corp, no ever, put this statement the
other way around, saying that unless
the banks resume lending, the Govern
ment will be forced to expand its
lending agencies.
Roosevelt Assurances Cited.
The chambers review also noted
Mr.. Rooeevelt's real assurances that
present governmental lending opera
tionS are not to be permanent and
that private enterprise will be sup
ported have been favorably received" I"
It added:
"Other indications are similarly en-
couraging. Discontinuance OF produc-
ton and price control as general pol
icies is under contemplation by the
new National Recovery Administra-
ton. Exceptions will be made in the
case of individual industries which
can show that such control is neces-
sary and in the public interest. Nat
ural resource industries will be &C.
corded special treatment.
THE question of relief remains the
country's most perplexing problem. On
the present scale of relief there is no
prospect of balancing the Federal
budget, although there is opportunity
for economies in present Government
operation.
Projects Called Disappointing.
Large public works projects, as a
means Of absorbing unemployment,
have proved q disappointment Evil
dence accumulates that the admin
istration is doubtful of the wisdom Of
extending this program and that, in
stead of heavy construction, it has in
mind -hquidating housing projects
on q large scale, as well as program
of road building and grade-crossing
elimination to employ large bodies OF
men.
In connection with housing, 1t Is
pointed out that England, with one
third of the population of the United
States, has been building through the
depression 100000 houses a year,
while the United States built only
about $4,000 houses last year.
THE country will eagerly await the
administrations recommendations for
legislation in the coming Congress.
Operation of many Of our new laws
has shown the need for changes In
the light Of experience. Business.
through the chamber, will be prepared
to make a number of suggestions for