The Washington times., 1935-07-24
LIBERAL BARES
BREAK
PRESIDENT
Ex-Governor's Brother
L alb els Roosevelt
Great Uncertainty

ford Pinchot of Pennsylvania, was
one of Franklin D. RooSevelt'S
staunchest supporters in the 1892
campaign, today came to the part
ing of the ways with the RooSe-
welt Administration.
Terming the President "the
Great Uncertainty" Mr.. Pinchot
revealed his break with the Ad-
ministration in an open letter to
his friend, Prof. Felix Frankfurter,
Of the Harvard Law School.
Expensive Failure"
In his letter, Mr.. Pinchot char
acterized President Roosevelt'S
major policies as a "ghastly and
expensive failure" The New Deal
theology, he charged, has pro-
1onged the depression, adding:
"A sensible money policy IS
Just about the one chance ROOse-
welt has left Of making his Ad-
ministratiOn 60. / confess l am
no longer gambler enough to
support the New Deal"
Mr.. Pinchot expressed belief that
adoption Of "a sensible money pol
icy is just about the one chance
Mr.. Roosevelt has left Of making
his Administration co." and ex'
planned:
"The literal truth is that moth
ing but relation with an in
creased gold price can get our
farmers on their feet.
PAUPER FARMERS
eff wanted to help make Mr..
Roosevelt sure of reelection, I'd
try to get Inn to see if he can't
have a prosperous country with
pauper farmers, or with deOt
structure made unbearable by
violent CHI: nEe in the value Of
equities and products.
"Above all, I'd try to persuade
him to 60 back, just as fast as
he can, to his 1888 relation and
stable-mOney policy"
In his comment on relation,
Mr.. Pinchot pointed to what
England is doing for cotton grow
ers in her sterling area" He
said:
''In Brazil, she arranges to
have the gold price at an equiv.
alent of $50 an ounce. This
means that when a Brazilian
sells enough cotton to earn an
ounce of gold, he has $50 of
buying power. Meantime, the
$35 our farmer gets for the
ounce Of gold he earns simply
isn't enough to encourage plant
ing.
U. S. TRANSFERRING
"Our country is simply being
hamstrung by an obsolete money
policy, discarded by England,
the wisest commercial nation in
the world"
Then, launching into detailed
criticism Of the President, he said:
"Mr. Roosevelt, with all his
kind-heartednesS, is failing be-
cause he follows no consecutive
line, and apparently doesn't
think things through to the end"
"He, tries to set up a managed
economy, which is impossible
without q fine, highly trained
and nOnpOIitical Civil Service,
but lets Mr.. Farley smash the
Civil Service whenever it's neces-
sary to strengthen his political
machine"
SLUMP PROLONGED
Mr.. Pinchot then asserted the
President has concentrated so
much power in the Executive that
Sin the hands Of any but the most
intelligent, wise and scrupulous
President it becomes a threat to
democratic government" He con-
tinued:
"T've come to feel the New
Deal has not merely prolonged
the depression but pretty thor
Oughly ditched, for the time
being, the possibility of a con.
Structive political and economic
movement.
"It has gathered under its
wing q great many of the
younger, liberal-minded people,
who want to get in the game
and be useful. And now it has
left them in the blind alley of
unavoidable RECOMMENDATION. And
there's nothing for them to do
but to be inactive or else to go
clean over to the Communists,
or to q hopeless Republican
party that has learned nothing
from the depression and will
make no concessions"
TOUGH OLD BIRD
Mr.. Pinchot emphasized he did
not agree with Brain Trusters
who believe capitalism is mort
bund, and he said:
II think capitalism is a tough
old bird, that will live q good
deal longer than any of us will.
1 also believe, with certain
definite exceptions, that industry
should be run privately and with
only such interference with
government as is necessary to
provide equal opportunity and
prevent monopoly"
Concluding with word of
praise for Prof. Frankfurter,
Pinchot wrote:
Perhaps I'm getting old.
Perhaps I'm lacking in sporting
spirit, BUT / CONFESS I'M
NO LONGER GAMBLER
ENOUGH TO SUPPORT THE
NEW DEAL"