The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1935-09-07

NAA eASAActA AANNNs
"Welcome," Says Ruckelshaus
John c. Ruckelshaus, prominent
Republican indianapolis attorney,
declared business men certainly
will welcome a breathing spell so
they could know how to lay plans,
without fear of change of policy on
the part of the Administration"
Mr. Howard is to be compli-
mented," Mr.. Ruckelshaus added,
ION obtaining a statement that bust
ness has been waiting for a long
time. 1t is to be hoped the Presl-
dent will live up to it"
A Democratic business mans
viewpoint was expressed by Fred
Hoke, of the manufacturing firm Of
Holcomb g. Hoke.
"A great deal of the cry for a
breathing spell made by private in
terests is not based on actual need,
Mr.. Hoke asserted.
Many business leaders wish to
lead us back to old business prac-
tees and conditions and they make
these statements to subtly discredit
the Roosevelt program" he con-
tinued
HOke well Pleased"
However, Mr.. Hoke declared, he
saw a difference between reform
and recovery Legislation. The meas
ures regulating the stock exchange,
he pointed out, are reform meas
ures, whereas such New Deal pro-
jectS as PWA are recovery steps.
On the whole" said Mr. HOke, L
am we'll pleased with the Presidents
legislative program"
Howard E. Griffith, Udell Works
president, said he is very much
heartened at the contents of the
Presidents letter"
Il am pleased" said he, that we
are to have a breathing spell. If
the politicians-and I mean those of
both major parties-will just leave
us alone for a while, maybe we'll
have a chance"
Logical Asserts Shipnes
my general opinion is that leg
islation for reform has stopped and
that legislation for recovery is
started" declared Stanley Shipnes,
Sears, Roebuck Co. manager. THE
Presidents letter seems to be a log
ical statement of fact"
Guy Roberts, Roberts Milk Co.
president, questioned the tone of
confidence in President ROoSevelt'S
letter and said that undoubtedly the
breathing spell" will help business.
Il don't think any one, even polit-
ical leaders, knows how strong this
Administration is with the voters.
That seems to be an open question"
he said. "A breathing spell and
return Of competitive practice in
business will probably help us.
do feel that conditions are imprOV-
ing. I don't believe the doubts Of
business will vanish when leaders
see the broad outlines Of the legis-
lative program of the last Con-
gress. Probably the reverse of that
statement is true"
Business Better, Schmidt Says
Edward H. Schmidt, of the
Schmidt g. Sons optical Co., adj
mitted that business is getting bet
ter, but it is doing so in spite of
New Deal tinkering and not be-
cause of it. We should have been
allowed to run our own businesses
he said
"As for the Presidents confident
statement that the electorate will
back him up in all these issues, I
don't think that is true. He hasn't
near the strength he had a few
months ago. Why should he, when
we have increased taxes and few
results.
when business gets better view
of the legislative program Of the
last Congress, they probably will
lose instead of gain confidence. 1
don't think much of his rubber
stamp Congress. No one man is big
enough to run this great country"
| OerKe ApplauuS MOVe
While William H. Gerke. Sargent
Gerke Paint Co. president, felt that
some of the reform legislation, eSpe-
cially that dealing with regulation
of the Stock Exchange and utility
holding companies, was justified,
he applauded "the breathing spell" "
20 let business work out its own So
luton.
The note Of confidence in Presi-
dent Roosevelt's letter isn't justi-
fed. The President is too optimis-
tic IN his statement that when bust
ness sees the broad outlines of the
legislative program it will regain
confidence. 1t is liable to work out
Just the reverse of that. I dc hope
that the Federal Administration will
give business a free hand to work
out its own destiny"