The Waterbury Democrat., 1935-09-06

electorate In opposition to any Of his major objectives.
 Explaining that he entered office pledged to a "very considerable legislative program" the President declared conditions in 1892 re- quired drastic and far-reaching action.
 "Duty and necessity" he wrote, required us to move on a broad front for more than two years.
 "It seemed to the congress and to me better to achieve these ob- jectives as expeditiously as possi- ble in order that not only business but the public generally might know those notifications in the conditions and rules of economic enterprise which were involved in our program.
 This basic program, however, has now reached substantial com pletion and the breathing spelr of which you speak is here - very decidedly so."
 Howard Sought Reasons
 Towards letter said he had sought reasons for "the doubts and uncertainties of those business men who are skeptics, critics, anc outright opponents of your pro- gram at a time when there Is no commensurate dissatisfaction be- ing evidenced by others of the elec- torate." He told the president that hostility to the New Deal did
 
 siEister interests.
 Many of these men," he wrote, "whose patriotism and sense or public service will compare with that of any men in political life, have become convinced and sin c1rely believe:
 That you fathered a tax bill that aims at revenge rather than revenue-revenge on business:
 That the administration has siae-stepped broadening the tax base to the extent necessary to approximate the needs of the sit- uation;
 That there can be no real re- covery until the fears of business have been allayed through the granting of a breathing spell to industry, and recess from fur ther experimentation until the country can recover it's losses"
 Smoke Out Sinister Forces
 Howard invited the president to "smoke out the sinister forces seeking to delude the public into believing that an orderly modern ization of q system we want to preserve, is revolution in disguise.'
 The president replied that bus mess interests actually are in har- mony with mass interests in this country. He said it would be fu- tile to attempt to distinguish be- ween reform" and recovery" legislation because the objective actually was remedial and that re- form and recovery are twins and inseparable.
 Broad and just social and econ omic purposes underlie the tax bill, the president continued, It's objective being not to destroy wealth but to broaden the range of opportunity and restrain the growth of unwholesome and ster- ile accumulations." He said 1t graduated the levy on corporations to recognize a fact that bigness represents greater ability to pay. He estimated that the ax bill re- duced the impost of 95 per cent of American corporations. The "small excess profits tax" is ex~ pected by the president to en- courage simplification of overly complicated inter-corporate rela- tionships-a reduction of holding companies.
 Reduce Consumers Taxes
 Congress, he wrote, declined to broaden the tax base. But he add cd that invisible consumers taxes born by every individual had in creased from 30 to 60 per cent of the national revenue since 1929 so that "the broadening of the tax base in the past few years has