The Daily Alaska empire., 1937-11-08
THE PRESIDENT AND BUSINESS

In carrying on his social reform program Pres dent Roosevelt has been attacked by his critics f not paying enough attention to business and the r stock market furry coupled with the special sion of Congress has revived discussion along tho lines
 An interesting summary of how the trends she the Presidential attitude toward business is given John H. Crder writing from Washington to the Ne York Times. MT. Crider says ,s EsM The present attitude of the Administration ie setoward business is compared by New Deal of fcias with that of an automobile manufac- turer who watches a new-model car go through its paces. Before he gives it final approval sSs he examines it to see how it's new features work under test. That is what Hle Adminis- traton is doing with the changes it has made s4s in the machinery of American business and finance
 eassas At the close of the Presidents second term asthe Administration hopes to have given pos ysass terity its finished product This is believed SIS. to be particularly true if the President does not run again He will want to leave office ss with the budget in good shape with his agri- eeas cultural adjustment program working smooth ss ly and with the financial world in healthy pacondition
 " This is deemed not only good politics, but M "a matter of personal satisfaction to the Presi- s4s dent himself. He would then be able to say: s-sS1"Wel, spanked the baby and it's healthier for having lost of it's bad habits I told 
 you so."
 How the Administrations attitude toward a. business will be manifest through specific exc cutive and Congressional action is also begn-
 ming to be clear. strong feeling has devel-
 oped among Federal officials that the decline Y in Federal revenues below April expectations, sss the srtainty in the stock market and the es lull in certain fields of business will result in x business getting the benefit of every doubt in the forthcoming special and regular sessions of Congress
 This means that the Treasury experts and Congressmen who drafting the Admins tration's tax bill to be presented at the regular se session in January may be more sympathetic toward business than if everything had con- tinued on the upgrade without interruption.
 The market drop and business lull also expected to cause Congress and the Admin istration generally to pay more attention to warnings from business such that which came. recently from the National Association of Manufacturers declaring there were dan gers in certain contemplated provisions of the wages and hours legislation which the President wanted Congress to consider
 Through the Business Advisory Council in Secretary Roper's department, the Federal Government has contact with the leaders of business These business men meet regularly discuss the relations between gov- ernment and commerce and prepare reports
 which go periodically to the White House
 and to the heads of government departments. They also keep Congress informed of industrys views The council is sort of Chamber of
 Commerce within the framework of the New
 Deal
 In view of the broad differences of opinion
 among Congressional leaders on the mechanics es. of wage and hour restrictions to be imposed it is regarded certain that there will be time
 for business to make itself heard with more
 success than at the hearings concluded at the
 last session.
 It is not to be thought that the President " will veer from his steadfast resolve that work