Evening star., 1934-01-16

BY the Associated Press.
The New York Times, Democratic
Uncertainty about the Presidents In
tentions has been slowing down enter
prise and clouding the business outlook
1t has now been largely removed by
Mr.. Roosevelt's plain indications OF
what he hopes to do"
The New York Herald-Tribune. Re-
publican-"The things that the PreSi-
dent has to say-the things on which
he Is specific and definite-are on the
side OF reinsurance. 1t Is the
things which he leaves unexplained, 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"
The New York Daily News, inde-
pendent-"The gold message sounds
common sensible to us"
Atlanta ConstitutiOn-"The message
cuts the pattern for business and it
will now proceed to cut its cloth ac-
cordingly"
The Birmingham Age ge-HeraId-"We
may take it for granted that. despite
inevitable outcries from conservative
quarters Congress will enact legislation
giving the President what he wants.
The truth is there is nothing else to
do, unless We are to assume the i'm
possibility that the administration can
retrace its steps in the monetary field"
The Philadelphia Public Ledger
"The general purpose is clear-to make
an end Of the prevailing depression and
to build a monetary and financial
structure which will more effectively
withstand future shocks. The country
will wor.. with the President and Con-
gress to see it through"
The Philadelphia Inquirer-"The
message clarifies the atmosphere ap-
preciably. Its effects should be bene-
ficial."
The Philadelphia Record-"This ex-
pertinent plays right into the hands of
the selfish moneyed interests, which
brought this country into depression"
The Philadelphia Evening Bulletin
Apparently we are to have token
currency This will be better
than printing press money. but it is a
long way from the gold standard as it
has been understood
The Philadelphia Evening Ledger
THE unwillingness to assume RESPONSE
bility is new development of the
ent he has not hesitated to use all the
power which Congress conferred on
him. But by asking Congress to give
him authority a second time to do
what is already within his discretion
he cannot escape responsibility for car
rying out the plan which he proposes "
Kansas City Star. independent-"The
business world accepts the President s
latest statement as, on the whole, a
reaSSuring and conservative announce
ment Of policy"
Houston TEX Chronicle. Demo-
cratic-"The Presidents announced
plan to stabilize the dollar on a de-
valued basis is harbinger of sounder
conditions"
Houston (Tex.) Post, Democratic2
THE effect Of the message upon the
country should be stimulating and re-
assuring"
The Omaha World Herald. Demo-
cratic-"The message is frank. clear,
definite. 1t should serve to dispel the
clouds Of uncertainty alleged to be
lowering over the empires of industry
and finance"
Lincoln, Nebr., Star-"If the Govern
ment has twice as many dollars after
devaluation it will be able to 20
eAii OASAi Will lto lCCONCly pldIl
loading the country down with new tax
burdens and everybody will realize
some benefit, directly or indirectly, from
that"
st. Paul Pioneer Press. independent
Perhaps there is no better standard
than the DID, but at least the Presi-
dent is determined to find out whether
the science of economics may not be
capable OF some monetary standard and
control which will spare the country
the havoc every to IL years of these
violent business catastrophies."
Minneapolis Tribune, Republican,
"A devaluated American dollar Is going
to be resisted by compensatory action
on the part Of foreign countries. I.
Within the limits and the resources at
his command. the President wishes to
be prepared to meet whatever competi-
tion may be developed With more Ger
talnty We are moving toward a new
dollar
Cleveland Plain Dealer, Independent
DemOcratic-"The hope may be enter
tanned that with the policy of deliber-
ate depreciation abandoned the grave
uncertainty that has prevailed with re-
spect to the Nations currency inten-
ton will be, in some measure, re-
duced"
Cincinnati Enquirer. Independent
BY recommending the use of s2000,-
600. 900 Of the profit on gold through de-
valuation to set up a sterilization fund,
the President plainly indicates he wants