Evening star., 1935-09-07
BREATHING SPELL
PROMISE RAISES
BUDGET COMMENT
Demand for Balancing Is
Heard From Business
and in Both Parties.
By the Associated Press.

by Jne hSSOCldtcu EIcSs.
President Roosevelt's promise of a
legislati, breathing SPELL for busi-
ness met with both acclaim and criti-
cism today.
Republicans said 1t was just "cam-
paign promise" Democrats welcomed
it as a favorable move for the New
Deal.
Observers. viewing the widely varied
comment, expressed the opinion that
a balanced budget-untouched in Mr..
Roosevelt's statement to Roy Howard,
publisher-would be a leading issue
in the coming election campaign.
The balance budget demand ran like
a thread through the comments Of
Republicans, economists and business
men. Business comment was varying,
but the market went up.
Senator McNary, Republican, of
Oregon. said the New Deal breathing
spell will permit retrenchment of ex-
penditures and will aid business ma
terially."
The country will welcome breath
ing spell which will do much to re-
store confidence" he said. IT have
advocated it for months"
Fletcher Sees Promises"
Chairman Henry P. Fletcher of the
Republican National Committee, said:
THE President has opened the 1896
campaign with a new set of assur-
ances and promises"
Gov. Martin L. Davey OF Ohio, a
Democrat, declared:
MY information indicates
that business is all set to 60 If un-
certainty, doubt and fear can be re-
moved from the situation. am happy
indeed that the President has given
this assurance"
Senator Black, Democrat. Of Ala
bama described the statement as "a
wonderfully clear explanation Of his
program, its original aims and its
execution. 1t should be call to those
engaged in business to cooperate in
further national progress"
To Ogden L. Mills, Secretary of the
Treasury in the Hoover administra-
ton. the statement "evades rather
than meets the issue"
If there Is to be an early and
general recovery" he said, the coun-
try must also know how much longer
Mr.. Roosevelt intends to continue his
efforts to squander our way to pros
perity." ."
Representative Lewis, Democrat, Of
Maryland. said the Presidents state
ment was pat to the whole situation. -
Il can think of no other legislative
subjects left TO disturb men who are
not disturbed when the grand jury
meets. unless it be group efforts to
start printing press money campaign
which the President has succeeded In
scotching so far"
The Presidents statement recalled
that Mr.. Roosevelt had scheduled but
one major piece of legislation-the
reviviflcation of N. r. A-for the next
session Of Congress, which convenes
but few months before the national
conventions meet.
Short Session Seen.
Fresh in mind, too, were assurances
given to departing congressional lead
ers that next Winters session-so far
as the White House is concerned
might be short. adjourning possibly in
April. by contrast with the eight
month session which just closed.
Talk of a balanced budget entered
the observations Of men of both
parties.
On the Democratic side, Senators
Russell, Democrat, Of Georgia and
Burke, Democrat, Of Nebraska called
for such action. the former asserting
that the time had come for drastic
reduction in expenditures and the
(See REACTION, Page 2)